<SEC-DOCUMENT>0001173382-18-000018.txt : 20180629
<SEC-HEADER>0001173382-18-000018.hdr.sgml : 20180629
<ACCEPTANCE-DATETIME>20180629162940
ACCESSION NUMBER:		0001173382-18-000018
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20180331
FILED AS OF DATE:		20180629
DATE AS OF CHANGE:		20180629

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:		18929622

	BUSINESS ADDRESS:	
		STREET 1:		8585 COTE DE LIESSE
		CITY:			ST-LAURENT
		STATE:			A8
		ZIP:			H4T 1G6
		BUSINESS PHONE:		514-341-6780

	MAIL ADDRESS:	
		STREET 1:		8585 COTE DE LIESSE
		CITY:			ST-LAURENT
		STATE:			A8
		ZIP:			H4T 1G6
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>ksignedjune2918.htm
<DESCRIPTION>FORM 6-K AND 2018 ANNUAL REPORT
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<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; June 2018&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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;</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;</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; </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;</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>









</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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<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: June 29, 2018&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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/
Mark Hounsell&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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;margin-left:256.5pt;text-indent:-40.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Name:&#160;&#160; Mark Hounsell</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:256.5pt;text-indent:-40.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;line-height:12.0pt;">Title:&#160;&#160;&#160;&#160; General Counsel, Chief Compliance Officer
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>




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<FILENAME>engq4fy18fullreport24052018-.htm
<DESCRIPTION>2018 ANNUAL REPORT
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<P style="TEXT-ALIGN: left"><B><FONT size=4 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Training partner of choice.</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a record of more than</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>70 years of industry firsts, we continue to help define global training standards with our innovative virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>patient safety. We have the broadest global presence in the industry, with over 8,500 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>cae.com</FONT></P>
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<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Follow us on Twitter @CAE_Inc.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=4 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Check out our Annual Activity and Corporate Social Responsibility Report!</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Our Annual Activity and Corporate Social Responsibility Report is available online. It consolidates information on our company </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>strategy, fiscal year 2018 performance and corporate social </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>responsibility (CSR) into one document.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Integrating our reporting in this way enables us to provide stakeholders with a single source of information in key areas. It also signals that CSR is inseparable from our core business strategy and activities. </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>cae.com/ActivityReport</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#000013 size=3 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Message from the Chair of the Board</FONT></B><BR><BR><B><FONT color=#1b62ff size=6 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Stronger than ever</FONT></B></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1b62ff size=2 face=OpenSans-Semibold,Arial,Helvetica,sans-serif>In fiscal 2018, CAE&#8217;s management once again strengthened the company&#8217;s financial and operational performance. This included new records in order intake and backlog, as well as solid growth in our return on capital employed. We also raised our shareholder dividend for the seventh consecutive year. The evidence is unequivocal&#8212;we have a strong management team implementing the right strategy.</FONT></B></P>
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   <P><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>A winning strategy</FONT></B></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Our strategic focus on delivering innovative end-to-end training </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>servicesonaglobalscalegeneratedsignificantresultsinfiscal2018. WiththesupportofCAE&#8217;smorethan8,500professionalsworldwide, we won contracts with an increasing number of customers. Our end markets are benefiting from secular growth tailwinds and we foresee sustainable, profitable growth and an expanded market reach in training across all CAE segments.</FONT></P></TD>

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<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>As a pure-play training company, we heightened our ability to spearhead industry innovation and our customers&#8217; ability to deliver on their mission, safely and efficiently. Our next-generation pilot training solution CAE&nbsp;Rise&#8482; represents an exciting step change in the way operators train their pilots and in how we help them keep the world&#8217;s skies safe. Our reputation as a leading training systems integrator for defence forces is growing as is global interest in our healthcare simulation solutions.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Strengthening governance</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>In fiscal 2018, we continued to reinforce our governance practices and take steps to ensure excellence in ethics and compliance. These steps included making our</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Code of Business Conduct more accessible and user </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>friendly. Also, we have made substantial progress in evolving our culture and corporate social responsibility.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>We also enhanced our enterprise risk management </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>policy and framework to help mitigate risks related to privacy, aviation safety, and cyber security, a major threat for companies today. To keep pace with our </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>increasingly agile culture, we also improved our talent </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>management review and succession processes.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Diversity and Board renewal</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Today two of eleven CAE directors are women. As a Board, our target is to reach at least 30% by 2022. This is a key element of the renewal process underway.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>As part of this process, I would like to thank outgoing corporate director General Peter J. Schoomaker, who is retiring consistent with our director age limit requirements, for his invaluable contributions over the past years. I am also pleased to welcome Michael E. Roach, former CEO of CGI Group, who joined the Board in November 2017. Michael brings deep business expertise to the Board.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Looking back as I step down</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>During my 23 years on CAE&#8217;s Board, I have seen this </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>remarkable company evolve and mature beyond many </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>people&#8217;s expectations. As testament to this success, </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>our share price and market capitalization more than </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>doubled in the last five years alone and our workforce grew by approximately 1,000 employees to more than 8,500. We secured major training partnerships with world-renowned airlines such as Japan Airlines and AirAsia. Also, we signed on to deliver comprehensive defence training programs around the globe.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>It has been an honour to lead a Board of this </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>calibre and I am extremely proud of what we have accomplished together. For the last time as Chair, I would like to thank our shareholders for their trust in CAE&#8217;s ability to generate meaningful economic, social and environmental benefits for stakeholders. I feel confident that, with your ongoing support, an even brighter future awaits this great company.</FONT></P>

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<P style="TEXT-ALIGN: left"><B><FONT color=#000013 size=3 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Message to shareholders</FONT></B></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1b62ff size=6 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Opening up new horizons in training</FONT></B></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1b62ff size=2 face=OpenSans-Semibold,Arial,Helvetica,sans-serif>Thanks to our talented employees, we delivered a strong performance in fiscal 2018. Our year-over-year revenues grew by 5%, earnings per share by 8% and return on capital employed increased to 12.3%*. We achieved two new annual records: a $3.9 billion order intake and a $7.8 billion backlog. The momentum of our strategic pivot from products to training services is stronger than ever. So are the fundamentals and secular tailwinds in our three core businesses.</FONT></B></P>

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   <P><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>A noble purpose that thrives</FONT></B></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Driving this success </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>is CAE&#8217;s noble purpose and employees&#8217; </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>commitment to it. What </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>we do generates true societal benefits. </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>We help make air travel </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>safer, defence forces mission ready and </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>medicalpersonnelbetter</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>abletosavelives.Ourmissionresonates </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>withcustomerstoo;</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>theirconfidenceandtrustinustranslatedinto </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>new and expanded con</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>tracts last year.</FONT></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>InCivilAviationTraining</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Solutions,weretaineda70%globalmarket </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>shareinfull-flight</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>simulatorsalesandexpandedourleadingshare </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>of the industry&#8217;s train</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>ing market. Our simulators remain best in </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>class and, following an </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>extensive process improvement program, </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>are more cost competitive </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>than ever. We signed comprehensive </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>long-term training </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>agreements with AirAsia, Jazz Aviation, Air </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>TransatandVirginAtlantic</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Airways.Wealsowonlong-termtraining </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>contracts with busin</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>ess aviation customers worldwide, including </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Elit&#8217;Avia and Flexjet.</FONT></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>With our longstanding </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>partner AirAsia, we launched CAE&nbsp; Rise&#8482; </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>(Real-time Insights </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>and Standardized Evaluations), a game- </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>changing, next-generati</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>on pilot training solution. CAE Rise&#8482; puts </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>real-time evidence-</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>based insights in instructors&#8217; hands. It fast- </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>tracks each pilot&#8217;s </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>development and boosts operators&#8217; ability to </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>deliverstandardized</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>training.Italsogivesusonemorewaytohelp </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>keep the world&#8217;s skies </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>safe.</FONT></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Our Defence &amp; Security </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>teams signed $1.4 billion in orders, a </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>record high for the </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>second consecutive year, and generated a </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>$3.9&nbsp;billion backlog. Th</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>e Royal Australian Air Force, the U.S. Navy </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>and the U.K. Ministry </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>of Defence extended their training contracts </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>with us. Signing on to </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>deliver comprehensive helicopter training </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>systems for both the </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Brazilian Navy and the Qatar Emiri Air Force, </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>and an end-to end trai</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>ning centre for remotely piloted aircraft for </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>the UAE Air Force, rei</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>nforces our reputation as a leading training </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>systems integrator.</FONT></P>

   <P><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>In Healthcare, achieving </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>strategic milestones and winning </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>prestigious awards </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>strengthened our position as a leader in </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>innovative simulation</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>-based healthcare education and training. </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>CAE&nbsp; Juno, a purpos</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>e-built, mid-fidelity clinical skills manikin </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>for nurses, the sector&#8217;s </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>largest market, rapidly gained traction. </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>Other innovations lau</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>nched in fiscal 2018 include CAE LucinaAR, </FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>the world&#8217;s first childbir</FONT><FONT size=2 face=OpenSans,Arial,Helvetica,sans-serif>th simulator with augmented reality.</FONT></P>

   <P><FONT size=1 face=OpenSans,Arial,Helvetica,sans-serif>*Adjusted before U.S. tax reform i</FONT><FONT size=1 face=OpenSans,Arial,Helvetica,sans-serif>mpact and net gains on strategic transactions relating to our Asian joint ventures.</FONT></P></TD>

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<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">New partnerships with professional medical </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">associations and institutes increase our reach and </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">ability to help improve patient outcomes worldwide.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Driving our culture and CSR evolution</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">For the past three years, we have taken decisive and significant steps to evolve our culture. You can read </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">more about these steps in our culture change feature </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">story. Suffice it to say that the shift underway in CAE&#8217;s culture is tangible, far reaching and empowering for all.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">Employee feedback is front and centre in these </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">changes, from our new company values to engaging new workspaces, from our streamlined performance management system to short, frequent and fun employee engagement pulse surveys. We are becoming a more agile, open and people-centric company where the employee experience is just as important as that of the customer.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">Corporate social responsibility (CSR) has also been evolving, step by step, along with our culture over the past three years. Last year, we invested in taking our CSR commitment to the next level. We refined our materiality matrix, revisited our CSR pillars, developed a new roadmap and objectives, and empowered our CSR Committee to pursue more challenging goals and objectives.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">Our focus in CSR is now on improving our impact and performance in four areas: Ethics and integrity, People and safety, Innovation and customer experience and Community and environment.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#1a1a1a size=2 face=OpenSans-Bold,Arial,Helvetica,sans-serif>Maintaining our leadership and growth</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">While we have significant headroom in large markets, </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">competition from many corners continues to </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">intensify. We are turning these challenges into growth opportunities as we bring the full weight of our competitive advantages to bear. These advantages include our reputation as a globally credible, </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">innovation thought leader and the industry&#8217;s only </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">pure-play training company. Our independence from </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">all original equipment manufacturers is also a key </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">strength, as is having the highest quality, best-value, end-to-end training solutions.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">Our strategic imperatives&#8212; &#8216;protect&#8217; and &#8216;grow&#8217;&#8212;will </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">continue to guide us in maintaining our leadership </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">and growth momentum. Four strategic priorities will support these imperatives: delighting customers,</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">driving innovation, bolstering talent and optimizing our capital.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">At CAE, we are focused on elevating our customers&#8217; experience to ensure that all touchpoints serve to delight them. Our new digital strategy and roadmap </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">support our ambition to be the go-to training </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">partner of choice worldwide. Digital represents the latest horizon in our long history of innovation. We </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">are seizing its tremendous potential to elevate the </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">customer experience by making it easier to interact with us. It will also help reinforce our service mindset, differentiate our training and create new revenue streams.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">Bolstering our talent means recruiting, developing </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">and retaining not only the best but also very diverse </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">talent. Building a more agile, progressive culture and implementing our new diversity and inclusion </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">initiatives are pivotal to achieving our strategic </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">priorities.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">And finally, we will use our strong financial position to pursue growth opportunities. This includes deploying capital to generate growth by investing in more training centres, accelerating airline outsourcing and securing more long-term defence training contracts. We will also focus on achieving double-digit growth </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">in Healthcare and on improving our overall capital </FONT><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">efficiency.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Open Sans,Arial,Helvetica,sans-serif">As we continue to live our values, all these actions are opening up new horizons in training for CAE. This, in turn, creates new opportunities to act on our noble purpose and make a world of difference for all our stakeholders.</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>1.</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>INTRODUCTION</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>ABOUT CAE</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>3.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Who we are</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>3.4</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Our strategy</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>5</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>3.5</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Our operations</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>6</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>3.6</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Foreign exchange</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>12</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>3.7</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Non-GAAP and other financial measures</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>13</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>4.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>CONSOLIDATED RESULTS</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>15</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>4.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0.5pt 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>Results from operations &#8211; fourth quarter of fiscal 2018</FONT></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0.5pt"><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>15</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>4.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0.5pt 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>Results from operations &#8211; fiscal 2018</FONT></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0.5pt"><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>17</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>4.3</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Consolidated orders and total backlog</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>18</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>5.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>RESULTS BY SEGMENT</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>19</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>5.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Civil Aviation Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>20</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>5.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Defence and Security</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>23</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>5.3</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>25</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>6.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>CONSOLIDATED CASH MOVEMENTS AND LIQUIDITY</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>27</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>6.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Consolidated cash movements</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>27</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>6.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Sources of liquidity</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>28</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>6.3</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Government participation</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>29</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>6.4</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Contractual obligations</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>29</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>7.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>CONSOLIDATED FINANCIAL POSITION</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>30</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>7.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Consolidated capital employed</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>30</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>7.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Off balance sheet arrangements</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>32</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>7.3</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>32</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>8.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>BUSINESS COMBINATIONS</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>35</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>9.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>BUSINESS RISK AND UNCERTAINTY</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>35</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>9.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Risks relating to the industry</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>35</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>9.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Risks relating to the Company</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>37</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>9.3</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Risks relating to the market</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>40</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>10.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>RELATED PARTY TRANSACTIONS</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>42</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>11.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>CHANGES IN ACCOUNTING POLICIES</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>43</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>11.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>New and amended standards not yet adopted</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>43</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>11.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Use of judgements, estimates and assumptions</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>44</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>12.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>CONTROLS AND PROCEDURES</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>46</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>12.1</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Evaluation of disclosure controls and procedures</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>46</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>12.2</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Internal control over financial reporting</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>46</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>13.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>OVERSIGHT ROLE OF AUDIT COMMITTEE AND BOARD OF DIRECTORS</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="16%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>46</FONT></P></TD></TR>

<TR style="HEIGHT: 14pt">

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=top width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>14.</FONT></P></TD>

   <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="78%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>ADDITIONAL INFORMATION</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>SELECTED FINANCIAL INFORMATION</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 9pt" color=black face=helvetica,sans-serif>Consolidated Financial Statements</FONT></B></P></TD>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:16.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis<a name="bm_1__HIGHLIGHTS"></a></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">for the fourth quarter and
year ended March 31, 2018 </font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:9.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">1.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">HIGHLIGHTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FINANCIAL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FOURTH QUARTER OF FISCAL 2018</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue from
continuing operations higher compared to last quarter and the fourth quarter of
fiscal 2017 </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Consolidated
revenue from continuing operations was $780.7 million this quarter, $76.3
million or 11% higher than last quarter and $46.0 million or 6% higher than the
fourth quarter of fiscal 2017.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Total
segment operating income<sup>1</sup>
higher compared to last quarter and the fourth quarter of fiscal 2017 </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income was $141.1 million this quarter, $28.3 million or 25%
higher than last quarter and $20.2 million or 17% higher than the fourth
quarter of fiscal 2017.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></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;line-height:120%;">Net
income attributable to equity holders of the Company from continuing operations
lower compared to last quarter and higher compared to the fourth quarter of
fiscal 2017 </font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
income attributable to equity holders of the Company from continuing operations
was $100.1 million (or $0.37 per share) this quarter compared to $117.9 million
(or $0.44 per share) last quarter, representing a decrease of $17.8 million or
15% and compared to $67.4 million (or $0.25 per share) in the fourth quarter of
last year, representing an increase of $32.7 million or 49%;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">As
there were no restructuring, integration and acquisition costs or one-time tax
items this quarter or last quarter, net income before specific items<sup>1</sup>
was equal to net income attributable to equity holders of the Company from
continuing operations, compared to net income before specific items of
$82.4&nbsp;million (or $0.31 per share) in the fourth quarter of fiscal 2017;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Last
quarter's results include impacts of the income tax recovery resulting from the
enactment of a lower U.S. federal income tax rate and the gain on the
remeasurement of the previously held Asian Aviation Centre of Excellence Sdn.
Bhd. (AACE) investment net of reorganizational costs. Excluding these elements,
earnings per share would have been $0.28.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Positive
free cash flow<sup>1</sup> from continuing operations at $117.3 million this
quarter</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
cash provided by continuing operating activities was $137.8 million this
quarter, compared to $187.6 million last quarter and $197.5&nbsp;million in the
fourth quarter of last year;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Maintenance
capital expenditures<sup>1</sup></font><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">and other asset expenditures were $22.8
million this quarter, $17.7 million last quarter and $26.8&nbsp;million in the
fourth quarter of last year;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Cash
dividends were $22.5 million this quarter, $23.2 million last quarter and $20.5
million in the fourth quarter of last year.</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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FISCAL 2018</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Higher
revenue from continuing operations compared to fiscal 2017 </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Consolidated
revenue from continuing operations was $2,830.0 million, $125.5 million or 5%
higher than last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Total
segment operating income higher compared to fiscal 2017 </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income was $461.0 million, $60.8 million or 15% higher than
last year.</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;line-height:120%;">&nbsp;</font></b></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;line-height:120%;">Higher
net income attributable to equity holders of the Company and diluted earnings
per share from continuing operations</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
income attributable to equity holders of the Company from continuing operations
was $347.0 million (or $1.29 per share) compared to $252.0 million (or $0.93
per share) last year, representing a $95.0 million or 38% increase;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">As
there were no restructuring, integration and acquisition costs or one-time tax
items in fiscal 2018, net income before specific items was equal to net income
attributable to equity holders of the Company from continuing operations,
compared to net income before specific items of $278.4 million (or $1.03 per
share) last year;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Fiscal
2018 results include impacts of the income tax recovery resulting from the
enactment of a lower U.S. federal income tax rate, the gain on the
remeasurement of the previously held AACE investment net of reorganizational
costs and the gain realized from the disposal of our equity interest in the
joint venture Zhuhai Xiang Yi Aviation Technology Company Limited (ZFTC).
Excluding these elements, earnings per share would have been $1.11. </font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Positive
free cash flow from continuing operations at $288.9 million</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
cash provided by continuing operating activities was $403.3 million this year,
compared to $464.3 million last year;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Maintenance
capital expenditures and other asset expenditures were $77.6 million this year,
compared to $68.3 million last year;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Cash
dividends were $89.9 million this year, compared to $80.6 million last year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital
employed<sup>2</sup> increased by $184.3 million or 7% this year, ending at
$3,016.0 million

</font></b><p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Return
on capital employed<sup>2</sup> (ROCE) was 14.4% this year compared to 11.2%
last year. Excluding the impacts of the income tax recovery resulting from the
enactment of a lower U.S. federal income tax rate, the gain on the
remeasurement of the previously held AACE investment net of reorganizational
costs and the gain realized from the disposal of our equity interest in the
joint venture ZFTC, our ROCE would have been 12.3% this year;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Non-cash
working capital<sup>2</sup> decreased by $12.1 million in fiscal 2018, ending
at $180.9 million;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Property,
plant and equipment increased by $221.3 million;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Other
long-term liabilities increased by $26.9 million;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
debt<sup>2 </sup>decreased by $101.3 million this year, ending at $649.4
million.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">ORDERS<sup>2</sup></font></b></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
book-to-sales ratio<sup>2</sup> for the quarter was 1.30x (Civil Aviation
Training Solutions was 1.20x, Defence and Security was 1.50x and Healthcare was
1.00x). The ratio for the last 12 months was 1.36x (Civil Aviation Training
Solutions was 1.44x, Defence and Security was 1.29x and Healthcare was 1.00x);</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
order intake this year was $3,855.0 million, up $661.6 million over last year;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
backlog<sup>2</sup>, including obligated, joint venture and unfunded backlog
was $7,849.1 million at March 31, 2018, $318.9 million higher than last year.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;text-indent:.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Civil
Aviation Training Solutions</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Civil
Aviation Training Solutions obtained contracts with an expected value of
$2,339.5 million, including contracts for 50 full-flight simulators (FFSs).</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Defence
and Security</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Defence
and Security won contracts valued at $1,400.3 million.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;text-indent:.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Healthcare</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Healthcare
order intake was valued at $115.2 million.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">BUSINESS
COMBINATIONS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the second quarter, we acquired a portfolio of training assets in North America
and Europe from a full-flight simulator leasing business for cash consideration
of $24.7 million. With this transaction, we obtained fully operational
full-flight simulators and various customer contracts;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the third quarter, we completed the acquisition of the remaining 50% equity
interest in AACE from AirAsia, for a cash consideration of $114.8&nbsp;million
[US$90 million] and long-term contingent cash consideration payable of up to
US$10 million if certain criteria are met.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">OTHER</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the second quarter, we signed a Memorandum of Understanding with Singapore
Airlines, to establish a joint venture for pilot training in Singapore. The
joint venture will initially focus on primarily providing simulator training
for Boeing aircraft types, supporting Singapore Airlines, its subsidiaries and
other operators' pilot training needs in the region. The closing of the
transaction is subject to customary closing conditions;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the second quarter, we concluded a sale to China Southern Airlines of our 49% equity
interest in the joint venture ZFTC for US$96 million, excluding post-closing
adjustments. As part of the transaction, both companies reached an agreement on
the outsourcing to CAE of third-party airline training conducted at China
Southern Airlines&#8217; ZFTC facility;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the third quarter, we purchased a 45% interest in Pelesys, forming a joint
venture with a global leader in the provision of aviation training solutions
and courseware;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">On
February 9, 2018, we announced the renewal of our normal course issuer bid
(NCIB) to purchase, for cancellation, up to 5,349,804 of our issued and
outstanding common shares over a one year period ending February 22, 2019.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">2 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">2</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
financial measures (see Section 3.7).</font></p><font lang=EN-CA>

</font></div>
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">2.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">INTRODUCTION<a name="bm_2__INTRODUCTION"></a></font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">In
this report, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">we</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">us</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">our</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> and </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Company</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
refer to CAE Inc. and its subsidiaries. Unless we have indicated otherwise:</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font></i><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font></i><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">This
year</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
and</font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> 2018</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> mean the fiscal year ending March&nbsp;31, 2018;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font></i><i><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font></i><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Last
year, prior year</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> and </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">a year ago</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> mean the fiscal year
ended March&nbsp;31, 2017;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">This
report was prepared as of May 25, 2018, and includes our management&#8217;s discussion
and analysis (MD&amp;A) for the year and the three</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">month period ended
March&nbsp;31, 2018 and the consolidated financial statements and notes for the
year ended March&nbsp;31, 2018. We have prepared it to help you understand our
business, performance and financial condition for fiscal 2018. Except as
otherwise indicated, all financial information has been reported in accordance
with International Financial Reporting Standards (IFRS) as issued by the
International Accounting Standards Board. 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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">For
additional information, please refer to our annual consolidated financial
statements for this fiscal year, which you will find in the financial report
for the year ended March&nbsp;31, 2018. 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:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
mission;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
vision;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
strategy;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
operations;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Foreign
exchange;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Non-GAAP
and other financial measures;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Consolidated
results;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results
by segment;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Consolidated
cash movements and liquidity;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Consolidated
financial position;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Business
combinations;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Business
risk and uncertainty;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Related
party transactions;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Changes
in accounting policies;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Controls
and procedures;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">You
will find our most recent financial 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. Holders of CAE&#8217;s securities may also request a printed copy of the
Company&#8217;s consolidated financial statements and MD&amp;A free of charge by
contacting Investor Relations (investor.relations@cae.com).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>


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2018 I 3</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">ABOUT
MATERIAL INFORMATION

</font></b><p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">CAUTION
REGARDING FORWARD-LOOKING STATEMENTS</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;line-height:120%;">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 vision, strategies, market trends and
outlook, future revenues, capital spending, expansions and new initiatives,
financial obligations and expected sales. Forward-looking statements normally
contain words like </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">believe</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">expect</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">anticipate</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">plan,</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
</font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">intend</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">continue</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">estimate</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">may</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">will</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">should,
strategy, future</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> and similar expressions. By their nature, forward</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">looking statements
require us to make assumptions and are subject to inherent risks and
uncertainties associated with our business which may cause actual results in
future periods to differ materially from results indicated in forward-looking
statements. While these statements 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 reasonable and
appropriate in the circumstances, readers are cautioned not to place undue
reliance on these forward-looking statements as there is a risk that they may
not be accurate.</font></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:120%;">&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;line-height:120%;">Important
risks that could cause such differences include, but are not limited to, risks
relating to the industry such as competition, level and timing of defence
spending, government-funded defence and security programs, constraints within
the civil aviation industry, regulatory rules and compliance, risks relating to
CAE such as product evolution, research and development (R&amp;D) activities,
fixed-price and long</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">term
supply contracts, strategic partnerships and long-term contracts, procurement
and original equipment manufacturer (OEM) leverage, warranty or other
product-related claims, product integration and program management, protection
of our intellectual property, third-party intellectual property, loss of key
personnel, labour relations, environmental matters, claims arising from
casualty losses, integration of acquired businesses, our ability to penetrate
new markets, U.S. foreign ownership, control or influence mitigation measures,
length of sales cycle, seasonality, continued returns to shareholders,
information technology systems including cybersecurity risk, data privacy risk
and our reliance on technology and third-party providers, and risks relating to
the market such as foreign exchange, availability of capital, pension plan
funding, doing business in foreign countries including corruption risk,
political instability and income tax laws. Additionally, differences could
arise because of events announced or completed after the date of this report.
You will find more information in the </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Business risk and uncertainty</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
section of the MD&amp;A. We caution readers that the risks described above are
not necessarily the only ones 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Except
as required by law, we disclaim any intention or obligation to update or revise
any forward-looking statements whether as a result of new information, future
events or otherwise. The forward-looking information and statements contained
in this report are expressly qualified by this cautionary statement.</font></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:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">4 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">3.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">ABOUT CAE<a name="bm_3__ABOUT_CAE"></a></font></b></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Who we</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">are<a name="bm_3_1_Who_we_are"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE
is a global leader in training for the civil aviation, defence and security,
and healthcare markets. Backed by a record of more than 70 years of industry
firsts, we continue to help define global training standards with our innovative
virtual-to-live training solutions to make flying safer, maintain defence force
readiness and enhance patient safety. We have the broadest global presence in
the industry, with over 8,500 employees, 160 sites and training locations in
over 35 countries. Each year, we train more than 120,000 civil and defence
crewmembers and thousands of healthcare professionals 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;line-height:120%;">&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;line-height:120%;">CAE&#8217;s
common shares are listed on the Toronto and New York stock exchanges under the
symbol CAE.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Our mission<a name="bm_3_2_Our_mission"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Through
the training we provide, our mission is to make air travel safer, defence
forces mission ready and medical personnel better able to save lives.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Our vision<a name="bm_3_3_Our_vision"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
vision is to be the recognized global training partner of choice to enhance
safety, efficiency and readiness.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Our strategy<a name="bm_3_4_Our_strategy"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
address safety, efficiency and readiness for customers in three core markets:
civil aviation, defence and security, and healthcare.</font></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:120%;">&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;line-height:120%;">We
are a unique, pure-play training company with a proven record, of more than 70
years, of commitment to our customers&#8217; long-term training needs.</font></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:120%;">&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;line-height:120%;">We
offer the most innovative and broadest range of comprehensive training
solutions across a global network by incorporating a combination of live
training on actual platforms, virtual training in simulators and extended
reality applications, and constructive training using computer-generated
simulations. Our strategic imperatives focus on the protection of our
leadership position and growing at a superior rate than the underlying markets.</font></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:120%;">&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;line-height:120%;">Six
pillars of strength</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;line-height:120%;">We
believe there are six fundamental strengths that underpin our strategy and
position us well for sustainable long-term growth:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">High
degree of recurring business;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Strong
competitive moat;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Headroom
in large markets;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Underlying
secular tailwinds;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Potential
for superior returns;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Culture
of innovation.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:12.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">High
degree of recurring business</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;line-height:120%;">Nearly
60% of our business is derived from the provision of services and largely
involves long-term contracts and training demand from customers operating under
regulations that require them to train on a recurrent basis. As well, we have
good visibility owing to a large order backlog and high success rate of
renewing existing customer contracts.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Strong
competitive moat</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;line-height:120%;">We
pride ourselves in building strong customer and partner relationships, which in
many cases span several decades, and we are a market leader across all of our
segments. We focus on providing an excellent end-to-end customer experience and
we offer our customers unique comprehensive solutions with market-leading
global reach and scale.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Headroom
in large markets</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;line-height:120%;">We
provide innovative training solutions to customers in large addressable markets
in civil aviation, defence and security and healthcare with substantial
headroom to grow our market share over the long term.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Underlying
secular tailwinds</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;line-height:120%;">Industry
experts expect long-term commercial passenger traffic to grow at a rate of 3.7%
annually over the next decade. In defence and security, we see renewed defence
investment as a positive catalyst and an increased focus on training for
mission readiness. We also see an increased propensity for customers in both
civil aviation and defence and security to outsource their training
enterprises. In the emerging healthcare market, we also see a rising adoption of
simulation for education and training of healthcare students and
professionals.&nbsp;Each of our three core markets is characterized by a
scarcity of critical personnel for which we are in a prime position to help
customers meet their needs for highly trained professionals.</font></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:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 5</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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


<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Potential for superior returns

</font></i></b><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:120%;">Our
rising proportion of revenue from training services provides potential for
lower amplitude cyclicality as training is largely driven by the training
requirements of the installed fleet. As well, we have potential to grow at a
superior rate to that of our underlying markets by growing market share.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Culture
of innovation</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;line-height:120%;">We
derive significant competitive advantage as an innovative leader in simulation
products and training solutions. Backed by more than 70 years of industry
firsts, we continue to help define global training standards with our
innovative virtual-to-live training solutions to make flying safer, maintain
defence force readiness and enhance patient safety. We design and deliver the
industry's most sophisticated training systems, employing the latest in
simulation, extended reality and digital, including data-enabled technologies.
As well, we have a demonstrated flexibility by engaging customers under a
variety of partnership models.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Our operations<a name="bm_3_5_Our_operations"></a></font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We provide
integrated training solutions to three markets globally:</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
civil aviation market includes major commercial airlines, regional airlines,
business aircraft operators, civil helicopter operators, aircraft
manufacturers, third-party training centres, flight training organizations
(FTOs), maintenance repair and overhaul organizations (MROs) and aircraft
finance leasing companies;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
defence and security market includes defence forces, OEMs, government agencies
and public safety organizations worldwide;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
healthcare market includes hospital and university simulation centres, medical
and nursing schools, paramedic organizations, defence forces, medical societies
and OEMs.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CIVIL AVIATION
MARKET</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
provide comprehensive training solutions for flight, cabin, maintenance and
ground personnel in commercial, business and helicopter aviation, a complete
range of flight simulation training devices, as well as ab initio pilot
training and crew sourcing 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;line-height:120%;">&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;line-height:120%;">We
have the unique capability to address the total lifecycle needs of the
professional pilot, from cadet to captain, with our comprehensive aviation
training solutions. We are the world&#8217;s largest provider of commercial aviation
training services and the second largest in business aviation training
services. Our deep industry experience and thought leadership, large installed
base, strong relationships and reputation as a trusted partner, enable us to
access a broader share of the market than any other company in our industry. We
provide aviation training services in more than 30 countries and through our
broad global network of more than 50 training centres, we serve all sectors of
civil aviation including airlines and other commercial, business and helicopter
aviation operators.</font></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:120%;">&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;line-height:120%;">Among
our thousands of customers, we have long-term training centre operations and
training services agreements and joint ventures with approximately 40 major
airlines and aircraft operators around the world. Our range of training
solutions includes products and services offerings for pilot, cabin crew and
aircraft maintenance technician training, training centre operations,
curriculum development, courseware solutions and consulting services. We
currently operate 255 FFSs, including those operating in our joint ventures. We
offer industry</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">leading
technology, and we are shaping the future of training through innovations such
as our next generation training systems, including CAE&nbsp;Real</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">time&nbsp;Insights
and Standardized Evaluations (CAE&nbsp;Rise<sup>TM</sup>), which will improve
training quality, objectivity and efficiency through the integration of
untapped flight and simulator data</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">driven insights into training. As the
industry leader in training, we continue our strategy to recruit, develop and
retain the best instructors, who represent our second largest employee group
after engineers. In the formation of new pilots, CAE operates the largest ab
initio flight training network in the world. In the area of resource
management, CAE is the global market leader in the provision of flight crew and
technical personnel to airlines, aircraft leasing companies, manufacturers and
MRO companies 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;line-height:120%;">&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;line-height:120%;">Quality,
fidelity, reliability and innovation are hallmarks of the CAE brand in flight
simulation and we are the world leader in the development of civil flight
simulators. We continuously innovate our processes and lead the market in the
design, manufacture and integration of civil FFSs for major and regional commercial
airlines, third-party training centres and OEMs. We have established a wealth
of experience in developing first-to-market simulators for more than 35 types
of aircraft models. Our flight simulation equipment, including FFSs, are
designed to meet the rigorous demands of their long and active service lives,
often spanning a number of decades of continuous use. Our global reach enables
us to provide best-in-class support services such as real-time, remote
monitoring and also enables us to leverage our extensive worldwide network of
spare parts and service teams.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Market</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">drivers</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Demand
for training solutions in the civil aviation market is driven by the following:</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Pilot
training and certification regulations;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Safety
and efficiency imperatives of commercial airline and business aircraft
operators;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Expected
long-term global growth in air travel;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing
active fleet of commercial and business aircraft;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Demand
for trained aviation professionals.</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;line-height:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Pilot
training and certification regulations

</font></i></b><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:120%;">Civil
aviation training is a largely recurring business driven by a highly-regulated
environment through global and national standards for pilot licensing and
certification, amongst other regulatory requirements. These mandatory and
recurring training requirements are regulated by national and international
aviation regulatory authorities such as the International Civil Aviation
Organization (ICAO), European Aviation Safety Agency (EASA), and Federal
Aviation Administration (FAA) in the U.S.</font></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:120%;">&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;line-height:120%;">In
recent years, pilot certification processes and regulatory requirements have
become increasingly stringent. Simulation-based pilot certification training is
taking on a greater role internationally with the Multi-crew Pilot License
(MPL), with the Airline Transport Pilot (ATP) certification requirements in the
U.S. and with Upset Prevention and Recovery Training (UPRT) requirements
mandated by both EASA and the FAA.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Safety and efficiency
imperatives of commercial airline and business aircraft operators</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;line-height:120%;">The
commercial airline industry is competitive, requiring operators to continuously
pursue operational excellence and efficiency initiatives to achieve
satisfactory returns while continuing to maintain the highest safety standards
and the confidence of air travelers. Airlines are finding it increasingly more
effective to seek expertise in training from trusted partners such as CAE to
address growing efficiency gaps, pilot capability gaps, evolving regulatory and
training environments, and on-going aircraft programs. Partnering with a training
provider like CAE gives airlines immediate access to a world-wide fleet of
simulators, courses, programs and instruction capabilities, and allows them
flexibility in pursuing aircraft fleet options that suit their business.</font></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:120%;">&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;line-height:120%;">Our
newest innovation in pilot training systems, CAE Rise&#8482;, is well positioned to
elevate the pilot training experience. Backed by industry</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">leading technology,
this system enables instructors to deliver training in accordance with
airlines&#8217; Standard Operating Procedures and enables instructors to objectively
assess pilot competencies using live data during training sessions.
Furthermore, CAE&nbsp;Rise&#8482; augments instructors&#8217; capability to identify pilot
proficiency gaps and evolve airline training programs to the most advanced aviation
safety standards, including Advanced Qualification Program and Evidence Based
Training methodologies.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Expected
long-term global growth in air travel</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;line-height:120%;">The
secular growth in air travel is resulting in higher demand for flight, cabin,
maintenance and ground personnel, which in turn drives demand for training
solutions.</font></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:120%;">&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;line-height:120%;">In
commercial aviation, the aerospace industry&#8217;s widely held expectation is that
long-term average growth for air travel will continue at 3.7% annually over the
next decade. For calendar 2017, passenger traffic increased by 7.6% compared to
calendar 2016. For the first three months of calendar 2018, passenger traffic
increased by 7.2% compared to the first three months of calendar 2017.
Passenger traffic in Asia and Europe grew by 9.0% and 7.7% respectively, while
Latin America, North America and the Middle East increased by 7.3%, 5.3% and
5.2% 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;line-height:120%;">&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;line-height:120%;">In
business aviation, training demand is closely aligned to business jet travel.
According to the FAA, the total number of business jet flights, which includes
all domestic and international flights, was up with 3.2% growth over the past
12 months. Similarly, according to Eurocontrol, the European Organisation for
the Safety of Air Navigation, the total number of business aviation flights in
Europe has improved by 4.8%.</font></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:120%;">&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;line-height:120%;">In
helicopter aviation, demand is driven mainly by the level of offshore activity
in the oil and gas sector, as helicopter operators catering to this sector make
up the majority of a relatively small training segment.</font></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:120%;">&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;line-height:120%;">Potential
impediments to steady growth in air travel include major disruptions such as
regional political instability, acts of terrorism, pandemics, natural
disasters, prolonged economic recessions, oil price volatility or other major
world events.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing
active fleet of commercial and business aircraft</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;line-height:120%;">As
an integrated training solutions provider, our long-term growth is closely tied
to the active commercial and business aircraft fleet.</font></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:120%;">&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;line-height:120%;">The
global active commercial aircraft fleet has grown by an average of 3.1%
annually over the past 20 years and is widely expected to continue to grow at
an approximate average rate of 3.5% annually over the next two decades because
of increasing emerging markets, low-cost carrier demand and fleet replacement
in established markets. From March 2017 to March 2018, the global commercial
aircraft fleet increased by 6.6%, growing by 9.3% in Asia Pacific, 6.3% in
Europe, the Middle East and Africa (EMEA) and 4.6% in the Americas.</font></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:120%;">&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;line-height:120%;">Major
business jet OEMs are continuing with plans to introduce a variety of new
aircraft models in the upcoming years. Examples include Bombardier&#8217;s Global
7000/8000, Cessna&#8217;s Citation Longitude and Hemisphere, Dassault's Falcon 6X and
Gulfstream&#8217;s 500/600.</font></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:120%;">&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;line-height:120%;">Our
business aviation training network, comprehensive suite of training programs,
key long-term OEM partnerships and ongoing network investments, position us
well to effectively address the training demand arising from the
entry-into-service of these new aircraft 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;line-height:120%;">&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;line-height:120%;">Our
strong competitive moat in the civil aviation market, as defined by our
extensive global training network, best-in-class instructors, comprehensive
training programs and strength in training partnerships with airlines and
business aircraft operators, allows us to effectively address training needs
that arise from a growing active fleet of aircraft.</font></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:120%;">&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;line-height:120%;">We
are well positioned to leverage our technology leadership and expertise,
including CAE 7000XR Series FFSs, CAE 400XR, 500XR, 550XR and 600XR Series
Flight Training Devices (FTD) and CAE Simfinity&#8482; ground school solutions, in
delivering training equipment solutions that address the growing training needs
of airlines, business jet operators, and helicopter operators.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">8 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Demand
for trained aviation professionals</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;line-height:120%;">We
have large headroom in the training services market driven by a sustained
secular demand for trained aviation professionals. Demand for trained aviation
professionals is driven by air traffic growth, pilot retirements and by the
number of aircraft deliveries. The expansion of global economies and airline
fleets have resulted in a shortage of qualified personnel needed to fulfill
this growing 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;line-height:120%;">&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;line-height:120%;">Our
Airline Pilot Demand Outlook, released in June 2017, identifies a global
requirement for 255,000 new pilots over the next 10 years to sustain and grow
the commercial air transport industry. Rapid fleet expansion and high pilot
retirement rates create a further need to develop 180,000 first officers into
new airline captains. These numbers mean that over 50% of the pilots who will
fly the world&#8217;s commercial aircraft in 10 years have not yet started to train.
To support this growth in demand, the aviation industry will require innovative
solutions to match the learning requirements of a new generation of trained
aviation professionals, leading to an increase in demand for simulation</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">based training
services and products.</font></p>

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<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">DEFENCE
AND SECURITY MARKET</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
are a training systems integrator for defence forces across the air, land and
naval domains, and for government organizations responsible for public safety.</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;line-height:120%;">&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;line-height:120%;">We
are a global leader in the development and delivery of integrated live, virtual
and constructive (iLVC) training solutions for defence forces. Most militaries
leverage a combination of live training on actual platforms, virtual training
in simulators, and constructive training using computer-generated simulations.
CAE is skilled and experienced as a training systems integrator capable of
helping defence forces achieve an optimal balance of iLVC training to achieve
mission readiness. Our expertise in training spans a broad variety of aircraft,
including fighters, helicopters, trainer aircraft, maritime patrol,
tanker/transport aircraft and remotely piloted aircraft, also called unmanned
aerial systems. Increasingly, we are leveraging our training systems
integration capabilities in the naval domain to provide naval training
solutions, as evidenced by the program to provide the United Arab Emirates
(UAE) Navy with a comprehensive Naval Training Centre. We offer training
solutions for land forces, including a range of driver, gunnery and maintenance
trainers for tanks and armoured fighting vehicles as well as constructive
simulation for command and staff training. We also offer training solutions to
government organizations for emergency and disaster management.</font></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:120%;">&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;line-height:120%;">Defence
forces seek to increasingly leverage virtual training and balance their
training approach between live, virtual and constructive domains to achieve
maximum readiness and efficiency. As such, we have been increasingly pursuing
programs requiring the integration of live, virtual and constructive training
and these tend to be larger in size than programs involving only a single
component of such a solution. We are a first-tier training systems integrator
and uniquely positioned to offer our customers a comprehensive range of
innovative iLVC solutions, ranging from academic, virtual and live training to
immersive, networked mission rehearsal in a synthetic environment. Our
solutions typically include a combination of training services, products and
software tools designed to cost-effectively maintain and enhance safety,
efficiency, mission readiness and decision-making capabilities. We have a
wealth of experience delivering and operating outsourced training solutions
across different business models, including government-owned
government-operated; government-owned contractor-operated; or contractor-owned
contractor-operated facilities. Our offerings include training needs analysis;
instructional systems design; learning management information systems;
purpose-built facilities; state-of-the-art synthetic training equipment;
curriculum and courseware development; classroom, simulator, and live flying
instruction; maintenance and logistics support; lifecycle support and
technology insertion; and financing alternatives.</font></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:120%;">&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;line-height:120%;">We
have delivered simulation products and training systems to approximately 50
defence forces in over 35 countries. We provide training support services such
as contractor logistics support, maintenance services, classroom instruction
and simulator training at over 80&nbsp;sites around the world, including our
joint venture operations. We continue to increase our support for live flying
training, such as the live training delivered as part of the NATO Flying
Training in Canada and the U.S. Army Fixed-Wing Flight Training programs, as we
help our customers achieve an optimal balance across their training enterprise.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Market
drivers</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Demand
for training solutions in the defence and security markets is driven by the
following:</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing
defence budgets;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Attractiveness
of outsourcing training and maintenance services;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Desire
to integrate training systems to achieve efficiencies and enhanced
preparedness;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Need
for synthetic training to conduct integrated, networked mission training,
including joint and coalition forces training;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Explicit
desire of governments and defence forces to increase the use of synthetic
training;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Installed
base of enduring defence platforms and new customers;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Relationships
with OEMs for simulation and training.</font></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:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 7</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing defence budgets

</font></i></b><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:120%;">In
March 2018, the U.S. Congress finalized the U.S. federal budget for fiscal year
2018, which included the authorization of a defence budget for approximately
USD $700 billion. In addition, the majority of the 29 members of NATO have
expressed plans to increase defence spending in the coming years, and this
includes Canada, which plans to grow annual defence spending from approximately
$19 billion to $33 billion by 2027. NATO and allied nations continue to
confront the immediate challenges posed by the war on terrorism and have been
increasingly renewing and augmenting their strategic defences in view of
emerging and resurgent geopolitical threats. Growing defence budgets in the U.S
and much of NATO, as well as other regions such as Asia and the Middle East,
will create increased opportunities throughout the defence establishment.
Training is fundamental for defence forces to achieve and maintain mission
readiness and growth in defence spending is expected to result in corresponding
opportunities for training systems and solutions.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Attractiveness
of outsourcing training and maintenance services</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;line-height:120%;">Another
driver for CAE&#8217;s expertise and capabilities is the efficiency gained by our
customers from outsourcing training and support services. Defence forces and
governments continue to find ways to reduce costs and increase readiness, while
allowing active-duty personnel to focus on operational requirements. There has
been a growing trend among defence forces to consider outsourcing a variety of
training services and we expect this trend to continue, which aligns directly
with our strategy to grow long-term, recurring services business. We believe
governments will increasingly look to industry for training solutions to
achieve faster delivery, lower capital investment requirements, and for
training support required to meet the demand for producing aircrews and achieve
desired readiness levels. For example, we are delivering fixed-wing flight
training to the U.S. Army at the CAE Dothan Training Center in Dothan, Alabama.
At this training centre, we offer comprehensive classroom, simulator and
live-flying training and we believe this type of training service delivery
program will become increasingly attractive to defence forces globally.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Desire
to integrate training systems to achieve efficiencies and enhanced preparedness</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;line-height:120%;">Increased
operational tempo combined with limited personnel and budget pressures have
prompted defence forces around the world to seek reliable partners who can help
develop, manage and deliver the training systems required to support today&#8217;s
complex platforms and operations. Increasingly, defence forces are considering
a more integrated and holistic approach to training. To help manage the
complexities and challenges, many training programs are calling for an industry
partner to help design and manage the total training system. CAE refers to this
approach as training systems integration and has positioned the Company
globally as a platform-independent training systems integrator. The overall
intent for defence forces is to maximize commonality for increased
efficiencies, cost savings, and most importantly, enhanced capability for
mission preparedness. As a training systems integrator, CAE can address the
overall iLVC domain to deliver comprehensive training, from undergraduate
individual training all the way through to operational, multi-service and joint
mission training.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Need
for synthetic training to conduct integrated, networked mission training,
including joint and coalition forces training</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;line-height:120%;">There
is a growing trend among defence forces to use synthetic training to meet more
of their mission training requirements, and to integrate and network various
training systems so military forces can train in a virtual world.
Simulation-based 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 for mission preparation.
Allies are cooperating and creating joint and coalition forces, which are
driving the demand for networked training and operations. Training devices that
can be networked to train different crews and allow for networked training
across a range of platforms are increasingly important as the desire to conduct
mission rehearsal exercises in a synthetic environment increases. For example,
the U.S., U.K., Australia, Canada and others all have plans and strategies to
leverage iLVC domains within a networked common synthetic environment.
According to the U.K. Ministry of Defence, they will be establishing and
acquiring a simulation architecture designed to better enable networked
training while shifting more training from the live to the synthetic
environment. We are actively teaming with other industry partners, as evidenced
by our November 2017 announcement of a collaborative agreement to develop iLVC
training solutions. We are also promoting open, standard simulation
architectures, such as the Open Geospatial Consortium Common Database (OGC
CDB), to better enable integrated and networked mission training.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Explicit
desire of governments and defence forces to increase the use of synthetic
training</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;line-height:120%;">One
of the underlying drivers for CAE&#8217;s expertise and capabilities is the
increasing use of synthetic training throughout the defence community. More
defence forces and governments are increasingly adopting synthetic training for
a greater percentage of their overall approach because it improves training
effectiveness, reduces operational demands on aircraft, lowers risk compared to
operating actual weapon system platforms and significantly lowers costs.
Synthetic training offers defence forces a cost-effective way to provide
realistic training for a wide variety of scenarios while ensuring they maintain
a high state of readiness. The higher cost of live training, the desire to save
aircraft for operational use, and the advanced simulation technologies
delivering more realism are several factors prompting a greater adoption of
synthetic training. The nature of mission-focused training demands at least
some live training; however, the shift to more synthetic training is advancing.
An example of this shift is the U.S. Navy P-8A program, which is replacing the
P-3C Orion. CAE has been contracted to design and manufacture a total of 18
P-8A operational flight trainers for the Navy. The training curriculum for the
P-3C was made up of approximately 30 percent synthetic training, while the P-8A
training program leverages synthetic training for approximately 70 percent of
the training curriculum. This level of rebalancing of live and virtual training
is representative of the desire of governments and defence forces around the
world to increase the use of synthetic training.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">10 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Installed
base of enduring defence platforms and new customers

</font></i></b><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:120%;">CAE
generates a high degree of recurring business from its strong position on
enduring platforms, including long-term services contracts. Most defence forces
in mature markets such as the U.S. have slowed down production of new platforms
and delayed new acquisition programs, which has required military forces to
maximize use of their existing platforms. Upgrades, updates, and life extension
programs allow defence forces to leverage existing assets while creating a
range of opportunities for simulator upgrades and training support services.
Enduring platforms, such as the C-130 Hercules transport aircraft that is
operated by more than 60&nbsp;nations, provide a solid installed base from
which to generate business. Because of our extensive installed base of
simulators worldwide, our prime contractor position on programs such as the
U.S. Air Force (USAF) KC-135 Aircrew Training System and MQ-9 Reaper aircrew
training, and our experience on key enduring platforms, CAE is well-positioned
for recurring product upgrades/updates as well as maintenance and support
services. In addition, there is strong demand for enduring platforms such as
the C-130, P-8, C295, MH-60R and MQ-9 in global defence markets, thus creating
opportunities to provide new training systems and services for platforms where
CAE has significant 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Relationships
with OEMs for simulation and training</font></i></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
are an important partner to OEMs because of our experience, global presence,
and innovative technologies. We partner with manufacturers in the defence and
security market to strengthen relationships and position for future
opportunities. OEMs have introduced new platforms and continue to upgrade and
extend the life of existing platforms, which drives worldwide demand for
training systems. For example, Boeing has developed the P-8 maritime patrol
aircraft and has subcontracted CAE to design and develop P-8 operational flight
trainers for the U.S. Navy and other international customers. Boeing continues
to market the P-8 internationally, which will create further opportunities for
CAE. Other examples of CAE&#8217;s relationships with OEMs on specific platforms
creating opportunities for training systems include Airbus Defence &amp; Space
on the C295, which was selected by Canada for the Fixed-Wing Search and Rescue
program; Leonardo on the M-346 lead-in fighter trainer; Lockheed Martin on the
C-130J Super Hercules transport aircraft, which is being acquired by several
branches of the USAF as well international militaries; and General Atomics on
the Predator family of remotely piloted aircraft. We are also part of Team
Seahawk in partnership with the U.S. Navy and companies such as Lockheed
Martin/Sikorsky which is offering the MH-60R helicopter under the foreign
military sales program to international customers.</font></p>

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<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">HEALTHCARE
MARKET</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
design and manufacture simulators, audiovisual and simulation centre management
solutions, develop courseware and offer services for training of medical,
nursing and allied healthcare students as well as medical practitioners
worldwide.</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;line-height:120%;">&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;line-height:120%;">Simulation-based
training is one of the most effective approaches to prepare healthcare
practitioners to care for patients and respond to critical situations while
reducing medical errors. We are leveraging our experience and best practices in
simulation</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">based
aviation training to deliver innovative solutions to improve the safety and
efficiency in the delivery of patient care. The healthcare simulation market is
expanding, with simulation centres becoming increasingly more prevalent in
nursing and medical schools.</font></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:120%;">&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;line-height:120%;">We offer
the broadest range of medical simulation products and services in the market
today, including patient, ultrasound and interventional (surgical) simulators,
audiovisual and simulation centre management solutions as well as courseware
for simulation-based healthcare education and training. We have sold simulators
to customers in approximately 90 countries that are currently supported by our
global network. We are a leader in high-fidelity patient simulators that are
uniquely powered by advanced models of human physiology to realistically mimic
human responses to clinical interventions. For example, our high-fidelity
childbirth simulator, Lucina, was designed to offer exceptional realism for
simulated scenarios of both normal deliveries and rare maternal emergencies. In
June 2017, we introduced CAE Juno, the first contemporary clinical skills
manikin that meets requirements for fundamental nurse training, currently the
largest segment of the healthcare education market. Juno allows nursing
programs to adapt to new realities of more complex conditions of hospital
patients, liability concerns in healthcare, and thus, decreased access to live
patients for learners.</font></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:120%;">&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;line-height:120%;">Through
our Healthcare Academy, we deliver peer-to-peer training at customer sites as
well as in our training centres in the U.S., U.K., Germany and Canada. Our
Healthcare Academy includes more than 50 adjunct faculty consisting of nurses,
physicians, paramedics and sonographers who, in collaboration with leading
healthcare institutions, have developed more than 500 Simulated Clinical
Experience courseware packages for our customers. Our Academy partnered with
the International Nursing Association for Clinical Simulation and Learning
(INACSL) to develop a fellowship program based on international best practices
in healthcare simulation with cohorts in the U.S., U.K. and UAE.</font></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:120%;">&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;line-height:120%;">We
offer turnkey solutions, project management and professional services for
healthcare simulation programs. We also collaborate with medical device
companies and scientific societies to develop innovative and custom training
solutions. In September 2017, in collaboration with the American Society of
Anesthesiologists (ASA), we released Anesthesia SimSTAT, a virtual healthcare
training environment for practicing physicians. This new platform provides
continuing medical education for Maintenance of Certification in Anesthesiology
(MOCA) and has allowed us to expand access to simulation-based clinical
training among the anesthesia community. Furthermore, through an industry
partnership with a medical device company, we developed a specialized
interventional simulator to train physicians to implant a new generation of
pacemakers. In January 2018, we announced that in collaboration with the
American Heart Association (AHA), we will establish a network of International
Training Sites to deliver lifesaving AHA courses in countries that are
currently underserved. The first authorized site operated by CAE Healthcare has
opened within the CAE Brunei Multi-Purpose Training Centre in Brunei Darussalam.</font></p>

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2018 I 9</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Market drivers

</font></b><p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Demand for our simulation
products and services in the healthcare market is driven by the following:</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Limited
access to live patients during training;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Medical
technology revolution;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Broader
adoption of simulation, with a demand for innovative and custom training
approaches;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing
emphasis on patient safety and outcomes.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:12.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Limited access to live
patients during training</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;line-height:120%;">Traditionally,
medical education has been an apprenticeship model in which the student cares
for patients under the supervision of more experienced staff. In this model,
students have a limited role and access to high-risk procedures, rare
complications and critical decision</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">making skills. The use of simulation in
professional training programs complements traditional learning and allows
students to hone their clinical and critical thinking skills for high risk, low
frequency events. In 2014, the U.S. National Council of State Boards of Nursing
(NCSBN) released a ground-breaking study on the effectiveness of simulation training
in pre-licensure nursing programs. Among the findings, nursing students who
spent up to 50 percent of clinical hours in high-quality simulation were as
well-prepared for professional practice as those whose experiences were drawn
from traditional clinical practice. In the U.K., the Nursing and Midwifery
Council announced in April 2018 that it has lifted the cap on the number of
hours nursing students can spend in simulation-based training in place of
clinical hours.</font></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:120%;">&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;line-height:120%;">Simulation
provides consistent, repeatable training and exposure to a broader range of
patients and scenarios than one may experience in normal clinical practice. As
an example, our Vimedix ultrasound simulator offers more than 200 patient
pathologies for cardiac, emergency and obstetrics and gynaecology medicine. The
training and education model is evolving, as evidenced by 22 NATO countries
prohibiting the use of live animals in military medical training. CAE
Healthcare simulators provide a low-risk alternative for practicing life-saving
procedures, interprofessional team training and major disaster response.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Medical technology
revolution</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;line-height:120%;">Advancements
in medical technology are driving the use of simulation. New medical devices
and advanced procedures, such as intra</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">cardiac echocardiography, cardiac assist
devices, and mechanical ventilation enhancements, require advanced training
solutions, such as simulation, for internal product development and customer
training. Regulatory and certification agencies are increasingly stringent in
requesting that clinicians be trained before adopting new disruptive
technologies, an undertaking for which simulation is well suited. As a training
partner of choice with leading OEMs, we continue to collaborate to deliver
innovative and custom training for the introduction of new interventional
procedures. We were the first to bring a commercial Microsoft HoloLens mixed
reality application to the medical simulation market with the release of the
CAE VimedixAR ultrasound simulator. In January 2018, we launched a new mixed
reality application, LucinaAR, the world's first childbirth simulator that
integrates modeled physiology and augmented reality.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Broader
adoption of simulation, with a demand for innovative and custom training
approaches</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;line-height:120%;">The
majority of product and service sales in healthcare simulation involve
healthcare education. We estimate the total healthcare simulation market at
approximately USD $1.1 billion. North America is the largest market for
healthcare simulation, followed by Europe and Asia. Together with our more than
55 distributors worldwide, we are reaching new and emerging markets and
addressing the international demand potential for simulation-based training.
CAE segments the healthcare simulation market by virtual, augmented and mixed
reality simulators, high-fidelity patient simulators, interventional
simulators, mid/low fidelity task trainers, ultrasound simulators, audiovisual
and simulation centre management solutions, simulated clinical environments and
training services. There is a growing body of evidence demonstrating that
medical simulation improves clinical competency, patient outcomes and reduces
medical errors, which can help mitigate the rate of increase in healthcare
costs.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Growing emphasis on
patient safety and outcomes</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;line-height:120%;">CAE
expects increased adoption of simulation-based training and certification of
healthcare professionals as a means to improve patient safety and outcomes. We
believe this would result in a significantly larger addressable market than the
current market which is primarily education-based. According to a study by
patient-safety researchers published in the British Medical Journal in
May&nbsp;2016, medical errors are the third-leading cause of death in U.S.
hospitals. Training using simulation can help clinicians gain confidence,
knowledge and expertise for improving patient safety in a risk-free
environment. As the Medicare and Medicaid reimbursement structure in U.S.
hospitals shifts from being based solely on quantity of services to the quality
of services, including safety and patient outcomes, CAE expects more hospitals
to implement simulation-based training to improve performance and reduce the
risk of medical errors.</font></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:120%;">&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;line-height:120%;">Simulation
is a required or recommended element in a growing movement towards High Stakes
Assessment and Certification. Examples in the U.S. include MOCA, Fundamentals
of Laparoscopic Surgery and Advanced Trauma Life Support. Moreover, the
Accreditation Council for Graduate Medical Education is evolving towards
outcome-based assessment with specific benchmarks to measure and compare
performance which favours the adoption of simulation products and training.</font></p>









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

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


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Foreign exchange<a name="bm_3_6_Foreign_exchange"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:1009.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=49% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:11.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=49% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.33</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%)</font></i></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=49% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Euro (&#8364; or EUR)</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.59</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.42</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12</font></i></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">British pound (&#163; or GBP)</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.81</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.67</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8</font></i></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 </tr>
<tr height=0>
  <td width=49%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=13%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">We used the average foreign exchange rates
below to value our revenues and expenses:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:1009.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=49% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=4% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:11.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=49% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.28</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%)</font></i></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=49% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Euro (&#8364; or EUR)</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.50</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.44</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></i></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">British pound (&#163; or GBP)</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=18% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.85pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.70</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.71</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1</font></i></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%)</font></i></p>
  </td>
 </tr>
<tr height=0>
  <td width=49%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=14%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=13%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=1%>&nbsp;</td>
 <td width=12%>&nbsp;</td>
 <td width=3%>&nbsp;</td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">For
fiscal 2018, the effect of translating the results of our foreign operations
into Canadian dollars resulted in a decrease in revenue of $3.8 million and a
decrease in net income of $0.5 million, when compared to fiscal 2017. We
calculated this by translating the current year&#8217;s foreign currency revenue and
net income using the average monthly exchange rates from the previous year and
comparing these adjusted amounts to our current year reported results.&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;line-height:120%;">&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;line-height:120%;">You
will find more details about our foreign exchange exposure and hedging
strategies in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Business Risks and Uncertainties.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Sensitivity
analysis</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
conducted a sensitivity analysis to determine the current impact of variations
in the value of foreign currencies. For the purposes of this sensitivity
analysis, 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="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Foreign
currency revenues and expenses in Canada for our manufacturing activities &#8211; we
hedge a portion of these exposures;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Translation
of foreign currency of operations in foreign countries. Our exposure is mainly
in our operating profit.</font></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:120%;">&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;line-height:120%;">First
we calculated the revenue and expenses per currency from our Canadian
operations 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="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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 expected impact of this change on our annual revenue and
operating profit, after taxes, as well as our net exposure:</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:526.000000pt;">
 <tr style="height:14.0pt;">
  <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating</font></p>
  </td>
 <td valign=bottom width=6% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Exposure</font></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=6% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Profit</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Hedging</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Exposure</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td colspan=2 valign=bottom width=36% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=6% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td colspan=2 valign=bottom width=36% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Euro (&#8364; or EUR)</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td colspan=2 valign=bottom width=36% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">British pound (&#163; or GBP)</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.1</font></p>
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">A possible strengthening
of one cent in the Canadian dollar would have the opposite impact.</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Non-GAAP and other financial measures<a name="bm_3_7_Non_GAAP_and_other_financial_meas"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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. These measures should not be confused with, or used as an
alternative for, performance measures calculated according to GAAP.
Furthermore, these non-GAAP measures should not be compared with similarly
titled measures provided or used by other companies.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Capital employed</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;line-height:120%;">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="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital
used:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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 benefit obligations and other
non-operating 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;line-height:120%;">&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;line-height:120%;">Source
of capital:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">In
order to understand our source of capital, we add net debt to total equity.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Capital expenditures
(maintenance and growth) from 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;line-height:120%;">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="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Earnings per share
(EPS) before specific items</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Earnings
per share before specific items is a non-GAAP measure calculated by excluding
the effect of restructuring, integration and acquisition costs and one-time tax
items from the diluted earnings per share from continuing operations
attributable to equity holders of the Company. The effect per share is obtained
by dividing the restructuring, integration and acquisition costs, net of tax,
and one-time tax items by the average number of diluted shares. We track it
because we believe it provides a better indication of our operating performance
on a per share basis and makes it easier to compare across reporting periods.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Free
cash flow</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;line-height:120%;">Free
cash flow is a non-GAAP measure that shows us how much cash we have available
to invest in growth opportunities, 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, investment in other
assets not related to growth and dividends paid and adding proceeds from the
disposal of property, plant and equipment, dividends received from equity
accounted investees and proceeds, net of payments, from equity accounted
investees.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Gross
profit</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;line-height:120%;">Gross
profit is a non-GAAP measure equivalent to the operating profit excluding
research and development expenses, selling, general and administrative
expenses, other (gains) losses &#8211; net, after tax share in profit of equity
accounted investees and restructuring, integration and acquisition costs. We
believe it is useful to management and investors in evaluating our ongoing
operational performance.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Net 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;line-height:120%;">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 of long-term debt, and
subtracting cash and cash equivalents.</font></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:120%;">&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;line-height:120%;">Net
debt-to-capital is calculated as net debt divided by the sum of total equity
plus net debt.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Net income before
specific items</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;line-height:120%;">Net
income before specific items is a non-GAAP measure we use as an alternate view
of our operating results. We calculate it by taking our net income attributable
to equity holders of the Company from continuing operations and adding back
restructuring, integration and acquisition costs, net of tax, and one-time tax
items. We track it because we believe it provides a better indication of our
operating performance and makes it easier to compare across reporting periods.</font></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:120%;">&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;line-height:120%;">Non-cash
working 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;line-height:120%;">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 and assets held
for sale) and subtracting current liabilities (not including the current
portion of long-term debt and liabilities held for sale).</font></p>


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2018 I 13</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Operating profit

</font></b><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:120%;">Operating
profit is an additional GAAP measure that shows us how we have performed before
the effects of certain financing decisions, tax structures and discontinued
operations. We track it 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>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Order intake and
Backlog</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Order
intake</font></i></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;line-height:120%;">Order
intake is a non-GAAP measure that represents the expected value of orders we
have received:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">For
the Civil Aviation Training Solutions segment, we consider an item part of our
order intake 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 and includes the value of expected future revenues. Expected
future revenues from customers under short-term and long-term training
contracts are included when these customers commit to pay us training fees, or
when we reasonably expect the revenue to be generated;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">For
the Defence and Security segment, we consider an item part of our order intake
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.
Defence and Security contracts are usually executed over a long-term period but
some of them must be renewed each year. For this segment, we only include a
contract item in order intake when the customer has authorized the contract
item and has received funding for it;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">For
the Healthcare segment, order intake is typically converted into revenue within
one year, therefore we assume that order intake is equal to revenue.</font></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:120%;">&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;line-height:120%;">The
book-to-sales ratio is the total orders divided by total revenue in a given
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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Backlog</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;line-height:120%;">Obligated
backlog is a non-GAAP measure that represents the value of our order intake not
yet executed and is calculated by adding the order intake of the current period
to the balance of the obligated backlog at the end of the previous fiscal year,
subtracting the revenue recognized in the current period and adding or
subtracting backlog adjustments. If the amount of an order already recognized
in a previous fiscal year is modified, the backlog is revised through
adjustments.</font></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:120%;">&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;line-height:120%;">Joint
venture backlog is obligated backlog that represents the expected value of our
share of orders that our joint ventures have received but have not yet
executed. Joint venture backlog is determined on the same basis as obligated
backlog described 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;line-height:120%;">&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;line-height:120%;">Unfunded
backlog is a non-GAAP measure that represents firm Defence and Security orders
we have received but have not yet executed and for which funding authorization
has not yet been obtained. We include unexercised negotiated options which we
view as having a high probability of being exercised, but exclude
indefinite-delivery/indefinite-quantity (IDIQ) contracts. When an option is
exercised, it is removed from the unfunded backlog and is considered order
intake in the period that it is exercised.</font></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:120%;">&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;line-height:120%;">Total
backlog includes obligated backlog, joint venture backlog and unfunded backlog.</font></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:120%;">&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;line-height:120%;">Research
and development expenses</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;line-height:120%;">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="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Return on capital
employed</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;line-height:120%;">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 net income attributable to equity holders of the
Company excluding net finance expense, after tax, divided by the average
capital employed.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Simulator equivalent
unit</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;line-height:120%;">Simulator
equivalent unit (SEU) is an operating measure we use to show the total average
number of FFSs available to generate earnings 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 a SEU. If a FFS is being
powered down and relocated, it will not be included as a SEU until the FFS is
re-installed and available to generate earnings.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Total segment
operating income</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;line-height:120%;">Total
segment operating income is a non-GAAP measure and is the sum of our key
indicator of each segment&#8217;s financial performance. Segment operating income
gives us an 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 total segment operating income by taking the
operating profit and excluding the impact of restructuring, integration and
acquisition costs.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Utilization rate</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;line-height:120%;">Utilization
rate is one of the operating measures we use to assess the performance of our
Civil simulator training network. While utilization rate does not directly
correlate to revenue recognized, we track it, together with other measures,
because we believe it is an indicator of our operating performance. We
calculate it by taking the number of training hours sold on our simulators
during the period divided by the practical training capacity available for the
same 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;line-height:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">14 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">4.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">CONSOLIDATED RESULTS<a name="bm_4__CONSOLIDATED_RESULTS"></a></font></b></p>








<p style="margin:0in;margin-bottom:7.0pt;page-break-after:avoid;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Results from operations &#8211; fourth quarter of fiscal 2018</font></b><sup><b><font color=white face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">3</font></b></sup></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">780.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">704.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">646.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">698.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">734.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">520.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">488.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">458.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">486.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">499.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Gross profit<sup>3</sup></font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">260.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">215.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">188.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">212.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">235.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.4</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.6</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">29.1</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.4</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Research and development expenses<sup>3</sup></font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">29.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">31.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">112.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">98.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">75.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">94.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">109.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other (gains) losses &#8211; net</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(15.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(18.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(12.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=45% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">After tax share in profit of
  equity accounted investees</font></p>
  </td>
 <td valign=bottom width=5% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(11.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(10.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(8.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(12.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(14.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Restructuring, integration
  and acquisition costs</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit<sup>3</sup></font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">141.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">112.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">109.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">97.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.1</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.9</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.7</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=45% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings before income taxes
  and discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">91.8</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">80.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">84.6</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Income tax expense (recovery)</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(24.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">24.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of earnings
  before income taxes and</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">discontinued operations
  (income tax rate)</font></i></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(25</font></i></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings from continuing
  operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">103.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">119.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Loss from discontinued
  operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">103.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">119.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.1</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Continuing operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">63.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.7</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=45% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.2</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">63.8</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">66.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">103.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">119.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.1</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td colspan=4 valign=bottom width=60% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">EPS attributable to equity
  holders of the Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic and diluted</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.37</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.44</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.24</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.24</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;</font></p>

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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">3</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
from continuing operations was 11% higher than last quarter and 6% higher
compared to the fourth quarter of fiscal&nbsp;2017

</font></b><p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
from continuing operations was $76.3&nbsp;million higher than last quarter.
Increases in revenue were $41.5 million, $27.6 million and $7.2&nbsp;million
for Civil Aviation Training Solutions, Defence and Security and Healthcare
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;line-height:120%;">&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;line-height:120%;">Revenue
from continuing operations was $46.0&nbsp;million higher than the same period
last year. Increases in revenue were $37.4 million, $7.7 million and $0.9
million for Civil Aviation Training Solutions, Defence and Security and
Healthcare respectively.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">You
will find more details in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results by segment</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">.</font></p>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">segment
operating income<sup>4</sup>
was $28.3 million higher than last quarter and $20.2&nbsp;million higher
compared to the fourth quarter of fiscal 2017</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;line-height:120%;">Operating
profit this quarter was $141.1 million or 18.1% of revenue, compared to $112.8
million or 16.0% of revenue last quarter and $100.9 million or 13.7% of revenue
in the fourth quarter of fiscal 2017. There were no restructuring, integration
and acquisition costs recorded this quarter or last quarter compared to $20.0
million in the fourth quarter of last year. Total segment operating income was
$141.1 million this quarter compared to $112.8 million last quarter and $120.9
million in the fourth quarter of fiscal 2017.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income was $28.3 million or 25% higher compared to last quarter.
Increases in segment operating income were $17.1 million, $6.0 million and $5.2
million for Civil Aviation Training Solutions, Defence and Security and
Healthcare respectively.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income increased by $20.2 million or 17% over the fourth
quarter of fiscal 2017. Increases in segment operating income were $11.9
million, $5.7&nbsp;million and $2.6 million for Civil Aviation Training
Solutions, Defence and Security and Healthcare respectively.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">You
will find more details in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results by segment</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">.</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;line-height:120%;">Net
finance expense was $7.1 million higher than last quarter and $7.7 million
higher than the fourth quarter of fiscal 2017</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;line-height:120%;">Net
finance expense was higher this quarter compared to last quarter. The increase
was mainly due to higher other finance expense resulting from a change in
presentation of the classification of certain cumulative finance costs
previously accounted within income taxes, following clarification issued by the
IFRS interpretation committee during fiscal 2018, as well as higher interest on
long-term provisions. The increase was also due to higher finance expense on
royalty obligations and higher interest on long-term 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;line-height:120%;">&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;line-height:120%;">Net
finance expense this quarter was higher compared to the fourth quarter of
fiscal 2017. The increase was mainly due to higher other finance expense, as
mentioned above, lower finance income and higher finance expense on royalty
obligations.</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;line-height:120%;">&nbsp;</font></b></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;line-height:120%;">Income
tax rate was 12% this quarter</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;line-height:120%;">Income
taxes this quarter were $13.7 million, representing an effective tax rate of
12%, compared to a negative effective tax rate of 25% last quarter and an
effective tax rate of 17% for the fourth quarter of fiscal 2017.</font></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:120%;">&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;line-height:120%;">The
increase in the tax rate over last quarter was mainly due to the third
quarter's adjustment resulting from the enactment of a lower U.S. federal
corporate income tax rate and the non-taxable portion of the net gain on the
remeasurement of the previously held AACE investment. The increase was
partially offset by a change in the mix of income from various jurisdictions mainly
from the recognition, this quarter, of deferred tax assets not previously
recognized in Europe. Excluding the effect of these deferred tax assets, the
income tax rate would have been 23% this quarter.</font></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:120%;">&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;line-height:120%;">The
decrease in the tax rate from the fourth quarter of fiscal year 2017 was mainly
due to a change in the mix of income from various jurisdictions from the
recognition, this quarter, of deferred tax assets not previously recognized in
Europe, partially offset by an audit settlement in Canada last year.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">4</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Results from operations &#8211; fiscal 2018</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;page-break-after:avoid;"><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;margin-left:3.0pt;width:516.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,830.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,704.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Cost of sales</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,953.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,893.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">876.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">811.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:13.5pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a %
  of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">31.0</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">114.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">111.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">380.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">364.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other gains &#8211; net</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(37.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(12.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">After tax share in profit of
  equity accounted investees</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(42.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(51.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Restructuring, integration
  and acquisition costs</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">364.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:13.5pt;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a %
  of revenue</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.3</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.5</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">72.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings before income taxes
  and discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">384.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">292.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">29.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">As a % of earnings
  before income taxes and</font></i></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">discontinued operations
  (income tax rate)</font></i></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings from continuing
  operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">257.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Loss from discontinued
  operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net income</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=71% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=71% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Continuing operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">347.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">252.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=71% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">347.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">251.5</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td colspan=4 valign=bottom width=88% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">EPS attributable to equity
  holders of the Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Basic - continuing and
  discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted - continuing and discontinued operations</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.93</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
from continuing operations was $125.5 million or 5% higher than last year</font></b></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
from continuing operations was higher than last year. Increases in revenue were
$72.8 million, $48.2 million and $4.5 million for Civil Aviation Training
Solutions, Defence and Security and Healthcare respectively.&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;line-height:120%;">You
will find more details in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results by segment.</font></i></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Gross
profit was $65.7 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-CA style="font-size:8.5pt;line-height:120%;">Gross
profit was $876.9 million this year, or 31.0% of revenue compared to
$811.2&nbsp;million, or 30.0% of revenue last year. As a percentage of revenue,
gross profit was higher when compared to last year.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income was $60.8 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-CA style="font-size:8.5pt;line-height:120%;">Operating
profit for the year was $461.0 million or 16.3% of revenue, compared to $364.7
million or 13.5% of revenue last year. Restructuring, integration and
acquisition costs of nil were recorded this year compared to $35.5 million last
year and total segment operating income was $461.0 million this year compared
to $400.2 million last year.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Total
segment operating income was $60.8 million or 15% higher compared to last year.
Increases in segment operating income were $51.3 million, $7.3 million and $2.2
million for Civil Aviation Training Solutions, Defence and Security and
Healthcare respectively.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">You
will find more details in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results by segment</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Net
finance expense was $3.8 million higher than last year

</font></b><div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:509.000000pt;">
 <tr style="height:14.0pt;">
  <td valign=bottom width=85% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017
  to</font></b></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=15% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net finance expense, prior
  period</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">72.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=85% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Change in finance expense
  from the prior period:</font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Decrease in finance expense
  on long-term debt (other than finance leases)</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:9.0pt;"><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 colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=85% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.9</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=85% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Change in finance income from
  the prior period:</font></p>
  </td>
 <td colspan=3 valign=bottom width=15% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in interest income
  on loans and finance lease contracts</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=85% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Increase in other finance
  income</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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:13.0pt;">
  <td valign=bottom width=85% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></b></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=85% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net finance expense, current period</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Net
finance expense was $76.2 million this year, $3.8 million or 5% higher than
last year. The increase was mainly due to higher other finance expense
resulting from higher interest on long-term provisions and higher interest from
a change in presentation of the classification of certain cumulative finance
costs previously accounted within income taxes, following clarification issued
by the IFRS interpretation committee during fiscal 2018. The increase was also
due to higher finance expense on royalty obligations, partially offset by
higher finance income.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Income
tax rate was 8% this year</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;line-height:120%;">This
fiscal year, income taxes were $29.1 million, representing an effective tax
rate of 8%, compared to 12% for the same period last year.</font></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:120%;">&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;line-height:120%;">The
decrease in the tax rate compared to last year was mainly due to an adjustment
resulting from the enactment of a lower U.S. federal corporate income tax rate,
the non-taxable portion of the net gain on the remeasurement of the previously
held AACE investment and a change in the mix of income from various
jurisdictions mainly from the recognition of previously unrecognized deferred
tax assets in Europe. The decrease was partially offset by the impact of audits
in Canada, last year's recognition of deferred tax assets in Brazil and the
sale of our equity interest in the joint venture ZFTC during the year.</font></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:120%;">&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;line-height:120%;">Excluding
the effect of the adjustment resulting from the enactment of a lower U.S.
federal corporate income tax rate, the recognition of deferred tax assets this
year, the remeasurement of our previously held AACE investment and the sale of
our interest in ZFTC, the income tax rate would have been 21% this year.</font></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:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:3.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Consolidated orders and total backlog<a name="bm_4_3_Consolidated_orders_and_total_bac"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Total backlog up 4% over last year</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, beginning
  of period</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5,530.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5,064.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,855.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,193.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2,830.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2,704.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(23.8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6,622.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5,530.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Joint venture backlog (all
  obligated)</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">366.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">543.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Unfunded backlog</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">860.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,456.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=71% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total backlog</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7,849.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7,530.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">The
book-to-sales ratio for the quarter was 1.30x. The ratio for the last 12 months
was 1.36x.</font></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:120%;">&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;line-height:120%;">You
will find more details in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Results by segment.</font></i></p>









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<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">5.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">RESULTS BY SEGMENT<a name="bm_5__RESULTS_BY_SEGMENT"></a></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;line-height:120%;">We
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</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Civil
Aviation Training Solutions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Defence
and Security;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Healthcare.</font></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:120%;">&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;line-height:120%;">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;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Unless
otherwise indicated, elements within our segment revenue and segment operating
income analysis are presented in order of magnitude.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">KEY
PERFORMANCE INDICATORS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Segment operating
income</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:516.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Civil Aviation Training
  Solutions</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">324.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">273.2</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">77.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">73.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.9</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.0</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.8</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.1</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Defence and Security</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">127.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.4</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">38.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.8</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.6</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.3</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.4</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.2</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">10.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.7</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Healthcare</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.6</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.6</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.1</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.4</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.8</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">400.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #777777 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">141.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">112.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">109.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">97.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Restructuring, integration
  and acquisition costs</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(35.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(20.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">364.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-right:solid #777777 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">141.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">112.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">109.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">97.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Capital employed<sup>5</sup></font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:514.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=29% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">March
  31</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">December
  31</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">September
  30</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">June
  30</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">March
  31</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=29% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:23.0pt;">
  <td valign=bottom width=29% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Civil Aviation Training
  Solutions</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,096.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,998.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,850.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,073.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,985.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:23.0pt;">
  <td valign=bottom width=29% style="height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Defence and Security</font></p>
  </td>
 <td valign=bottom width=3% style="height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=13% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">982.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">955.5</font></p>
  </td>
 <td valign=top width=1% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">965.5</font></p>
  </td>
 <td valign=top width=1% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">924.6</font></p>
  </td>
 <td valign=top width=1% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">881.2</font></p>
  </td>
 <td valign=top width=1% style="height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:23.0pt;">
  <td valign=bottom width=29% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Healthcare</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">211.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">205.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">206.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">213.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">224.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:23.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=29% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,290.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,159.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,022.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,211.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,090.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>










<hr align=left size=1 width="33%">
<div id=ftn5><font lang=EN-CA>

</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">5</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
financial measures (see Section 3.7).</font></p><font lang=EN-CA>

</font></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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Civil Aviation Training Solutions<a name="bm_5_1_Civil_Aviation_Training_Solutions"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FISCAL
2018 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Acquisitions and
Divestitures</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
concluded a sale to China Southern Airlines of our 49% equity interest in the
joint venture ZFTC. As part of the transaction, both companies reached an
agreement on the outsourcing to CAE of third-party airline training conducted
at China Southern Airlines&#8217; ZFTC facility;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
acquired a portfolio of training assets in North America and Europe from a
full-flight simulator leasing business for cash consideration of $24.7 million,
where we obtained fully operational FFSs and various customer contracts;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
completed the acquisition of the remaining 50% equity interest in AACE from
AirAsia, for a cash consideration of $114.8&nbsp;million [US$90 million] and
long-term contingent cash consideration payable of up to US$10 million if
certain criteria are met;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
purchased a 45% interest in Pelesys, forming a joint venture with a global
leader in the provision of aviation training solutions and courseware.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Expansions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
signed a Memorandum of Understanding with Singapore Airlines, to establish a
joint venture for pilot training in Singapore. The joint venture will initially
focus on primarily providing simulator training for Boeing aircraft types,
supporting Singapore Airlines, its subsidiaries and other operators&#8217; pilot
training needs in the region. The closing of the transaction is subject to
customary closing conditions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
announced the extension of our North American training footprint in
Minneapolis-Saint Paul, U.S. Through this centre, we have extended our ability
to support regional airline customers and have the capacity to train more than
20,000 pilots every year;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We,
together with Korea Airports Corporation, inaugurated a new training facility
at Gimpo Airport, Seoul, Korea, to support the growing pilot training needs of
Korean carriers;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
announced the expansion of our North American pilot training capacity with the
addition of a new CAE-built Bombardier CRJ900 FFS and an Embraer ERJ-145 in
Phoenix, U.S., and the deployment of one Airbus A320 FFS in Montreal, one
Airbus A320 FFS in Mexico and one Bombardier Q400 FFS in Vancouver to be
delivered throughout the year;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
inaugurated an ATR 72-600 FFS at our training centre in Madrid, Spain;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
announced, together with Abu Dhabi Aviation Training Center (ADA), a new
Embraer ERJ-145 pilot training program with Falcon Aviation. Training will be
delivered to Falcon Aviation's pilots and other regional operators at ADA's
brand-new training facility in Abu&nbsp;Dhabi, UAE.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">New
programs and products</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
achieved Level D qualification for the world&#8217;s first CAE-built Bombardier C
Series FFS, located at the Bombardier Training Centre in Montreal, Canada and
Interim Level C qualification for the world&#8217;s first airline operated Boeing
737MAX FFS, located at Air Canada&#8217;s training centre in Toronto, Canada;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
launched the CAE Master Pilot Training Program, a badge of honor dedicated to
further elevate the experience of business aviation pilots throughout their
career, raising pilot levels of platform knowledge, safety awareness and
situational response capabilities;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
launched our newest pilot training innovation, the CAE Rise<sup>TM</sup>
training system, with longstanding partner AirAsia;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
launched the CAE 600XR Series FTD, the latest addition to CAE's innovative XR
Series training equipment suite. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">FISCAL
2018 ORDERS</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;line-height:120%;">Civil
Aviation Training Solutions obtained contracts this quarter expected to
generate future revenues of $544.5 million, including contracts for 5 FFSs sold
to customers in all regions. This brings the total civil order intake to
$2,339.5 million and 50 FFSs for the year.</font></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:120%;">&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;line-height:120%;">Notable
contract awards for fiscal 2018 included:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive 10-year long-term training contract with Virgin Atlantic Airways;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive long-term training contract extension to 2036 with AirAsia;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive 12-year long-term training contract with Air Transat;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive 8-year long-term training contract extension with Jazz Aviation LP;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive long-term pilot training contract extension with Flexjet;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">An
exclusive long-term contract renewal with Elit'Avia for business aviation pilot
training to include UPRT.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">22 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">FINANCIAL
RESULTS</font></b><sup><b><font color=white face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">6</font></b></sup>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:37.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions, except
  operating margins, SEU, FFSs deployed and utilization rate)</font></i></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #777777 1.0pt;height:37.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,629.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,556.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">455.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">413.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">349.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">411.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">417.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">324.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">273.2</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">77.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">73.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.9</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.0</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.8</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.1</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">136.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">140.2</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">31.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:-9.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property,
  plant and equipment</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">143.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">124.8</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">50.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">38.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">52.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:-9.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible
  assets and other</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.5</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,096.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,985.3</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,096.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,998.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,850.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,073.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,985.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total backlog</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,975.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,288.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,975.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,822.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,106.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,225.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,288.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">SEU<sup>6</sup></font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">206</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">210</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">212</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">205</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">199</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">209</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">210</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FFSs deployed</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">255</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">255</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">252</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">249</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Utilization
  rate<sup>6</sup></font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">82</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">75</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">70</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">77</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
up 10% over last quarter and up 9% over the fourth quarter of fiscal 2017 </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;line-height:120%;">The
increase over last quarter was mainly due to higher FFS utilization in the
Americas and Europe, higher revenue from our manufacturing facility due to the
timing of production milestones and the integration into our results of the
revenues from AACE following the acquisition last quarter of the remaining 50%
equity interest. The increase was also due to a favourable foreign exchange
impact on the translation of foreign 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;line-height:120%;">&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;line-height:120%;">The
increase over the fourth quarter of fiscal 2017 was due to higher FFS
utilization in the Americas and the contribution of newly deployed simulators
in our network in Europe and in the Americas, the integration into our results
of the revenues from AACE, as mentioned above, a favourable foreign exchange
impact on the translation of foreign operations and higher revenue recognized
from simulator sales due to higher deliveries.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
was $1,629.7 million this year, 5% or $72.8 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-CA style="font-size:8.5pt;line-height:120%;">The
increase over last year was mainly due to higher FFS utilization in the
Americas and the contribution of newly deployed simulators in our network in
Europe and in the Americas, the integration into our results of the revenues
from AACE, as mentioned above, a favourable foreign exchange impact on the
translation of foreign operations and an increase in demand for our crew
sourcing business. The increase was also due to higher revenue recognized from
simulator sales due to higher level of deliveries.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Segment operating
income up 22% over last quarter and up 14% over the fourth quarter of fiscal
2017 </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;line-height:120%;">Segment
operating income was $95.7 million (21.0% of revenue) this quarter, compared to
$78.6 million (19.0% of revenue) last quarter and $83.8 million (20.1% of
revenue) in the fourth quarter of fiscal 2017.</font></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:120%;">&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;line-height:120%;">Segment
operating income increased by $17.1 million, or 22%, over last quarter. The
increase was mainly due to higher FFS utilization mainly in the Americas and in
Europe, higher revenue from our manufacturing facility, as mentioned above, and
gains on the sale of existing simulators from our network to our customers. The
increase was partially offset by higher selling, general and administrative
expenses and a gain, recorded in the previous quarter, on the remeasurement of
the previously held AACE investment net of reorganizational 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;line-height:120%;">&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;line-height:120%;">Segment
operating income increased by $11.9 million, or 14%, over the fourth quarter of
fiscal 2017. The increase was mainly due to higher FFS utilization and newly
deployed simulators, as mentioned above, and higher revenue from our
manufacturing facility. The increase was partially offset by higher selling,
general and administrative expenses and an unfavourable foreign exchange impact
from the revaluation of non-cash working capital accounts.</font></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:120%;">&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;line-height:120%;">Segment
operating income was $324.5&nbsp;million, 19% or $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-CA style="font-size:8.5pt;line-height:120%;">Segment
operating income was $324.5&nbsp;million (19.9% of revenue) this year, compared
to $273.2&nbsp;million (17.5% of revenue) last year.</font></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:120%;">&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;line-height:120%;">The
increase was mainly due to higher FFS utilization and newly deployed
simulators, as mentioned above, gains realized in the second quarter from the
disposal of our equity interest in the joint venture ZFTC, a favourable foreign
exchange impact from operations and the net gain on the remeasurement of the
previously held AACE investment following the acquisition in the third quarter.
The increase was partially offset by higher selling, general and administrative
expenses.</font></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:120%;">&nbsp;</font></p>


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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">6</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
financial measures (see Section 3.7).</font></p><font lang=EN-CA>

</font></div>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Property, plant and equipment expenditures
at $50.2 million this quarter and $143.7 million for the year

</font></b><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:120%;">Maintenance
capital expenditures were $20.9 million for the quarter and $54.7 million for
the year. Growth capital expenditures were $29.3&nbsp;million for the quarter
and $89.0 million for the year.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital
employed increased $97.5 million over last quarter and $111.1 million over last
year</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;line-height:120%;">The
increase in capital employed over last quarter was mainly due to higher
property, plant and equipment and intangible assets mainly as a result of
movements in foreign exchange rates, a higher investment in equity accounted
investees and higher non-cash working capital.</font></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:120%;">&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;line-height:120%;">The
increase in capital employed over last year was mainly due to higher property,
plant and equipment and intangible assets and a lower investment in equity
accounted investees resulting from the acquisition of AACE. This increase was
partially offset by a lower investment in non-cash working capital, mainly due
to higher deferred revenue and lower inventory, partially offset by higher
accounts receivable.</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;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Total backlog was at
$3,975.9 million at the end of the year</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:509.000000pt;">
 <tr style="height:14.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=12% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, beginning
  of period</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,823.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,623.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,339.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,698.8</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,629.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,556.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">148.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">58.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,681.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,823.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Joint venture backlog (all
  obligated)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">294.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">465.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total backlog</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,975.9</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,288.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&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;line-height:120%;">Fiscal
2018 adjustments includes $224.1 million added as a result of the acquisition
of AACE, positive foreign exchange movements and the revaluation of prior year
contracts. An adjustment was made to the joint venture backlog to reflect the
removal of the AACE contracts that were transferred to obligated backlog.</font></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:120%;">&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;line-height:120%;">Fiscal
2017 adjustments includes $117.8 million added as a result of the acquisition
of Lockheed Martin Commercial Flight Training, the revaluation of prior year
contracts and the cancellation of an order from a previous year.</font></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:120%;">&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;line-height:120%;">This
quarter's book-to-sales ratio was 1.20x. The ratio for the last 12 months was
1.44x.</font></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:120%;">&nbsp;</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Defence and Security<a name="bm_5_2_Defence_and_Security"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FISCAL
2018 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Expansions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">During
the year, we began offering the new Initial Entry Fixed-Wing course at CAE's
Dothan Training Center. A total of 56 U.S. Army students have since graduated
from the program to become Army fixed-wing aviators.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">New
programs and products</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
upgraded the C-130 Aeromedical Evacuation Training System for the USAF at
Dobbins Air Reserve Base with a motion platform, a first-of-its-kind in the
world for an aeromedical fuselage trainer;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
supported the Royal Australian Air Force&#8217;s (RAAF) participation in the Diamond
Thunder distributed mission training exercise, which saw the RAAF network
various simulation assets across the country as part of its inaugural Air
Warfare Instructor Course;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
CAE 7000 Series C295 FFS and CAE 3000 Series SW-4 FFS were accepted into
service by the Polish Air Force at the 8th Air Base Krakow-Balice and 41st Air
Base School in Deblin, Poland respectively, where they will play a key role in
the training of Polish Air Force aircrews and cadets;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
Predator Mission Trainer was accepted into service by the Italian Air Force at
Amendola Air Force Base in Italy.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FISCAL 2018 ORDERS&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;line-height:120%;">Defence
and Security was awarded $434.5 million in orders this quarter and $1,400.3
million in total for fiscal 2018, including notable contract awards from:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Leonardo
Helicopters to provide the Qatar Emiri Air Force with a comprehensive NH90
helicopter training solution that includes simulators, training devices and
long-term training services;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
U.S. Navy under a U.S. foreign military sale program to provide the Brazilian
Navy with a comprehensive S-70B Seahawk helicopter training system;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
Royal Australian Air Force to continue providing King Air 350 simulator
services through 2024;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
U.S. Navy exercising contract options as part of the MH-60R/S Tech Refresh and
Procurement of Simulators program;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
U.K. Ministry of Defence to continue providing aircrew training services at
CAE's Medium Support Helicopter Aircrew Training Facility (MSHATF);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
General Headquarters of the UAE to provide the UAE Air Force with a
comprehensive training solution for the RQ-1E&nbsp;Predator&nbsp;remotely
piloted aircraft.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">FINANCIAL RESULTS</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:514.000000pt;">
 <tr style="height:20.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=3% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:20.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,085.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,036.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">290.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">262.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">263.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">282.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">127.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.4</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">38.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.8</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.6</font></i></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.3</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.4</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.2</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">10.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.7</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">49.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">57.8</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">10.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">10.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.8</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible assets and other</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">9.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">982.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">881.2</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">982.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">955.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">965.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">924.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">881.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=23% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total backlog</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,873.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,241.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,873.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,546.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,607.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,101.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,241.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
up 11% over last quarter and up 3% over the fourth quarter of fiscal 2017 </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;line-height:120%;">The
increase over last quarter was mainly due to higher revenue from North American
programs partially offset by lower revenue from Middle Eastern and 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;line-height:120%;">&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;line-height:120%;">The
increase over the fourth quarter of fiscal 2017 was mainly due to higher
revenue from North American programs partially offset by lower revenue from
European, Australian and Asian programs resulting from a higher level of
activity in the prior year and an unfavourable foreign exchange impact on the
translation of foreign 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
was $1,085.1&nbsp;million this year, 5% or $48.2&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-CA style="font-size:8.5pt;line-height:120%;">The
increase was mainly due to higher revenue from North American and Middle
Eastern programs partially offset by lower revenue from European and Australian
programs and an unfavourable foreign exchange impact on the translation of
foreign operations.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>


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2018 I 23</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Segment
operating income up 18% over last quarter and up 17% over the fourth quarter of
fiscal 2017

</font></b><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:120%;">Segment
operating income was $38.7 million (13.3% of revenue) this quarter, compared to
$32.7 million (12.4% of revenue) last quarter and $33.0 million (11.7% of
revenue) in the fourth quarter of fiscal 2017.</font></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:120%;">&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;line-height:120%;">The
increase over last quarter was mainly due to higher volume on North American
programs, higher margins on Australian programs and lower net research and
development expenses, partially offset by higher selling, general and
administrative expenses.</font></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:120%;">&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;line-height:120%;">The
increase over the fourth quarter of fiscal 2017 was mainly due to higher
margins on European programs and lower net research and development expenses,
partially offset by lower margins on Asian 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Segment
operating income was $127.7&nbsp;million this year, 6% or $7.3 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-CA style="font-size:8.5pt;line-height:120%;">Segment
operating income was $127.7 million (11.8% of revenue) this year, compared to
$120.4 million (11.6% of revenue) last year.</font></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:120%;">&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;line-height:120%;">The
increase over last year was mainly due to higher margins on European programs,
lower selling, general and administrative expenses and higher volume on North
American and Middle Eastern programs. The increase was partially offset by
lower margins on Australian 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital
employed increased $26.9 million over last quarter and increased $101.2 million
over last year</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;line-height:120%;">The
increase over last quarter was mainly due to movements in foreign exchange
rates and a higher profitability in our joint ventures, partially offset by a
lower investment in non-cash working capital.</font></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:120%;">&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;line-height:120%;">The
increase over last year was mainly due to a higher investment in non-cash
working capital as a result of higher contracts in progress assets and lower
accounts payable and accrued liabilities, partially offset by a decrease in
prepayments. The increase was also due to a higher profitability in our joint
ventures.</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;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Total backlog down
9% compared to last year</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:509.000000pt;">
 <tr style="height:14.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=12% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, beginning
  of period</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,706.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,441.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ orders</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,400.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,383.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">- revenue</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,085.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,036.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">+ / - adjustments</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(81.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(82.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Obligated backlog, end of
  period</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,940.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,706.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Joint venture backlog (all
  obligated)</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">72.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Unfunded backlog</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">860.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,456.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=76% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total backlog</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,873.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,241.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Fiscal
2018 adjustments include the removal of the Initial Entry Rotary-Wing
Instructor Support Services contract following a protest which resulted in the
client's decision to award the contract to the incumbent and the revaluation of
prior year contracts.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Fiscal
2017 adjustments include the cancellation of two orders and the revaluation of
prior year contracts, partially offset by a contract amendment related to the
acquisition of Bombardier's Military Aviation Training, acquired in fiscal
2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">This quarter's
book-to-sales ratio was 1.50x. The ratio for the last 12 months was 1.29x.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">In
fiscal 2018, $283.3 million of unfunded backlog was transferred to obligated
backlog and $262.1 million was added to the unfunded backlog. An adjustment was
made to the unfunded backlog to reflect the removal of the Initial Entry
Rotary-Wing Instructor Support Services contract.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Healthcare<a name="bm_5_3_Healthcare"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">FISCAL
2018 EXPANSIONS AND NEW INITIATIVES</font></b></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:5.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Expansions</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
hosted our first expanded Human Patient Simulation Network (HPSN) U.K. conference,
expanding&#160; our potential customer base and simulation market to include
specialties outside of nursing;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
formed a partnership with the AHA to establish a network of International
Training Sites to deliver lifesaving AHA courses in countries that are
currently underserved. We began delivering courses in the fourth quarter for
clinicians at our first training site, the CAE Brunei Multi-Purpose Training
Centre.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:12.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">New
programs and products</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
launched CAE Juno, a new clinical skills manikin for nursing programs designed
to help bridge the gap between classroom and hospital settings, in the first
quarter of fiscal 2018 at the INACSL annual conference;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We,
together with ASA, launched the Anesthesia SimSTAT - Trauma, the first in a
series of interactive screen-based anesthesia simulation modules, which has
been approved by the American Board of Anesthesiology for MOCA credits;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
delivered a Microsoft Hololens augmented reality training solution for the Abiomed
Impella, a heart pump system;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
developed a physics-driven simulator for the Medtronic Micra<sup>TM</sup>
Transcatheter Pacing System, that offers an augmented reality training solution
for up to 12 simultaneous learners;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
developed the LucinaAR, the world's first augmented reality childbirth
simulator, which was launched at the International Meeting on Simulation in
Healthcare. This high-fidelity patient manikin allows clinical teams and
learners to practice emergency labour and delivery manoeuvers while guided by
3D holograms;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
signed a distributor contract with WorldPoint to sell CAE Juno manikins to
simulation centres in the U.S., which will give us access to WorldPoint's
unique network of customers. </font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Innovation
Awards</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Evidencing
our thought leadership in healthcare simulation, Anesthesia SimSTAT earned the
..orgCommunity Innovation 2017 Award;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
received the Unity Impact Award for our CAE VimedixAR ultrasound simulator,
which integrates real-time interactive holograms of the human anatomy.</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;line-height:120%;">&nbsp;</font></b></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;line-height:120%;">FISCAL
2018 ORDERS</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;line-height:120%;">CAE
Healthcare sales this year included large orders for patient and ultrasound
simulators and centre management solutions sold to customers in North America
directly and internationally, through distributors, as well as patient and
interventional simulators sold to military customers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">FINANCIAL RESULTS</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:520.000000pt;">
 <tr style="height:21.0pt;">
  <td valign=bottom width=24% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1-2018</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">115.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">110.7</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">28.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">23.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.6</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.6</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.1</font></i></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.4</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.8</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.0</font></i></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Depreciation and amortization</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and equipment</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">expenditures</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Intangible assets and other</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.7</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">assets expenditures</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=11% style="border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=24% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capital employed</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">211.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">224.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-right:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">211.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">205.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">206.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">213.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">224.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
up 26% over last quarter and up 3% over the fourth quarter of fiscal 2017 </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;line-height:120%;">The
increase over last quarter and the fourth quarter of fiscal 2017 was mainly due
to higher revenue from centre management solutions and patient simulators,
primarily driven by higher sales to North American and military customers. The
increase was partially offset by lower revenue from interventional simulators.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Revenue was $115.2
million this year, 4% or $4.5 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-CA style="font-size:8.5pt;line-height:120%;">The
increase was due to higher revenue from centre management solutions as a result
of higher sales to North American customers and higher revenue from
interventional simulators sold to military customers. The increase was
partially offset by lower revenue from key partnerships with OEMs.</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 25</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Segment operating income higher over last
quarter and the fourth quarter of fiscal 2017

</font></b><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:120%;">Segment
operating income was $6.7 million this quarter (19.1% of revenue), compared to
$1.5 million last quarter (5.4% of revenue) and $4.1 million (12.0% of revenue)
in the fourth quarter of fiscal 2017.</font></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:120%;">&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;line-height:120%;">The
increase over last quarter was mainly due to higher revenue, as mentioned
above, the benefit recognized this quarter from a remeasurement of long-term
royalty obligations and a more favourable product mix. The increase was
partially offset by higher selling, general and administrative expenses.</font></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:120%;">&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;line-height:120%;">The
increase over the fourth quarter of fiscal 2017 was mainly due to the benefit
from a remeasurement of long-term royalty obligations and lower research and
development expenses.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Segment operating
income was $8.8&nbsp;million this year, $2.2&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-CA style="font-size:8.5pt;line-height:120%;">Segment
operating income was $8.8 million (7.6% of revenue) this year, compared to $6.6
million (6.0% of revenue) last year.</font></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:120%;">&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;line-height:120%;">The
increase over last year was mainly due to higher revenues, as mentioned above,
and the net benefit from a remeasurement of long</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">term royalty obligations less
non-recurring selling, general and administrative expenses for investments to
support product launches, an expansion to the sales force and marketing. The
increase was also due to lower research and development expenses.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Capital employed
increased by $6.5 million over last quarter and decreased by $12.8 million from
last year</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;line-height:120%;">The
increase over last quarter was mainly due to higher intangible assets as a
result of movements in foreign exchange rates. The increase was also due to
higher non-cash working capital, resulting primarily from an increase in
accounts receivable from higher revenues.</font></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:120%;">&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;line-height:120%;">The
decrease from last year was primarily due to lower intangible assets as a
result of amortization and lower non-cash working capital.</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">26 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">6.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">CONSOLIDATED CASH
MOVEMENTS AND LIQUIDITY<a name="bm_6__CONSOLIDATED_CASH_MOVEMENTS_AND_LI"></a></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;line-height:120%;">&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;line-height:120%;">We
manage liquidity and regularly monitor the factors that could affect it,
including:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Cash
generated from operations, including timing of milestone payments and
management of working capital;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital
expenditure requirements;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Scheduled
repayments of long-term debt obligations, our credit capacity and expected
future debt market conditions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:11.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:7.0pt;page-break-after:avoid;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">Consolidated cash movements</font></b><sup><b><font color=white face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;">7</font></b></sup><a name="bm_6_1_Consolidated_cash_movements"></a></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:521.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=43% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3-2018</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Cash provided by continuing
  operating activities*</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">446.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">435.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">130.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">116.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Changes in non-cash working
  capital</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(43.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">29.1</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">70.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">80.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net cash provided by
  continuing operating activities</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">403.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">464.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">137.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">187.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">197.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Maintenance capital expenditures<sup>7</sup></font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(68.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(62.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(25.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(13.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(24.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other assets</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(9.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(5.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Proceeds from the disposal of
  property, plant and equipment</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">10.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net (payments to) proceeds
  from equity accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(11.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(10.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(7.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Dividends received from
  equity accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">37.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Dividends paid</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(89.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(80.6</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(22.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(23.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(20.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Free cash flow from continuing operations<sup>7</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">288.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">327.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">146.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">160.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Growth capital expenditures<sup>7</sup></font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(105.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(160.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(31.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(29.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(49.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Capitalized development costs</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(32.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(37.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(13.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(6.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(14.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Common shares repurchased</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(44.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(41.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(21.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(3.0</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other cash movements, net</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Business combinations, net of
  cash and cash</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">equivalents acquired</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(124.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(5.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(99.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Net proceeds from disposal of
  interest in investment</font></p>
  <p style="margin:0in;margin-bottom:.5pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Effect of foreign exchange
  rate changes on&nbsp;cash</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">and cash equivalents</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(4.9</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.1</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Net increase (decrease) in
  cash before proceeds and</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">repayment of long-term debt</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">127.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">91.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;border-left:solid #777777 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">89.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2.3</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 <td valign=bottom width=3% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">96.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=43% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">* before changes in non-cash working capital</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Free cash flow from continuing
operations was $117.3&nbsp;million for the quarter</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;line-height:120%;">Free
cash flow was $28.7 million lower than last quarter and $43.1 million lower
compared to the fourth quarter of fiscal 2017.</font></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:120%;">&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;line-height:120%;">Free
cash flow was lower compared to last quarter and the fourth quarter of fiscal
2017 mainly due to a higher investment in non-cash working capital, partially
offset by an increase in cash provided by continuing operating activities,
higher proceeds from the disposal of property, plant and equipment and higher
dividends received from equity accounted investees.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Free cash flow from continuing
operations was $288.9&nbsp;million this year</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;line-height:120%;">Free
cash flow decreased by $39.0 million, or 12%, compared to last year.</font></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:120%;">&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;line-height:120%;">Free
cash flow was lower compared to last year mainly due to a higher investment in
non-cash working capital, partially offset by higher dividends received from
equity accounted investees and higher proceeds from the disposal of property,
plant and equipment.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital expenditures were $57.4
million this quarter and $173.9 million for the year</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;line-height:120%;">Growth
capital expenditures were $31.5 million this quarter and $105.4 million for the
year including strategic purchases of existing FFSs in the market. Our growth
capital allocation decisions are market-driven in nature and are intended to
keep pace with the demand of our existing and new customers. Maintenance
capital expenditures were $25.9 million this quarter and $68.5 million for the
year.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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2018 I 27</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">7</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
financial measures (see Section 3.7).</font></p><font lang=EN-CA>

</font></div>
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Sources of liquidity<a name="bm_6_2_Sources_of_liquidity"></a></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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
have a committed line of credit at floating rates, provided by a syndicate of
lenders. We and some of our subsidiaries can borrow funds directly from this
credit facility to cover operating and general corporate expenses and to issue
letters of credit and bank guarantees.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
total amount available through this committed bank line at March 31, 2018 was
US$550.0 million (2017 &#8211; US$550.0 million) with the option, subject to lender&#8217;s
consent, to increase to a total amount of US$850.0 million. There was no amount
drawn under the facility as at March 31, 2018 (2017 &#8211; nil) and US$46.4 million
was used for letters of credit (2017&nbsp;&#8211; US$92.0 million). The applicable
interest rate on this revolving credit facility is variable, 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.
During the year, the maturity date of our revolving unsecured term credit
facility was extended to September 30, 2022.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
have an unsecured Export Development Canada (EDC) Performance Security Guarantee
(PSG) account for US$225.0 million&#160;&#160;&#160;&#160;&#160; (2017&nbsp;&#8211;&nbsp;US$125.0 million).
This is an uncommitted revolving facility for performance bonds, advance
payment guarantees or similar instruments. As at March&nbsp;31,&nbsp;2018 the
total outstanding for these instruments was $163.6 million (2017 &#8211; $115.9
million).</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
manage a program in which we sell interests in certain of our accounts
receivable (current financial assets program) to a third party for cash
consideration for amounts up to US$300.0 million (2017 &#8211; US$150.0 million) with
limited recourse to CAE. As at March&nbsp;31, 2018, the Canadian dollar
equivalent of $168.3 million (2017 &#8211;&nbsp;$141.6 million) of specific accounts
receivable were sold to a third party. </font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">As
at March 31, 2018, we are compliant with all our financial covenants.</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
believe that our cash and cash equivalents, access to credit facilities and
expected free cash flow will provide sufficient flexibility for our business,
repurchase of common shares and 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:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following table summarizes the
long-term debt:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:509.000000pt;">
 <tr style="height:23.0pt;">
  <td valign=bottom width=72% style="height:23.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:23.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=3 valign=bottom width=14% style="height:23.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=14% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,260.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,255.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less:</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">31.2</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=72% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><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=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,208.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,203.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">As
part of our acquisition, in fiscal 2018, of a portfolio of training assets from
a full-flight simulator leasing business, we acquired a term loan for the
financing of a simulator. This represents a loan obligation of $5.3 million as
at March 31, 2018.</font></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:120%;">&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;line-height:120%;">As
part of the acquisition of the remaining 50% equity interest in AACE, we
acquired loans in the amount of $28.9 million as at March&nbsp;31,&nbsp;2018.</font></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:120%;">&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;line-height:120%;">&nbsp;</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Government participation<a name="bm_6_3_Government_participation"></a></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;line-height:120%;">We
have agreements with various governments whereby the latter contribute a
portion of the cost, based on expenditures incurred by CAE, of certain R&amp;D
programs for modeling, simulation and training services technology.</font></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:120%;">&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;line-height:120%;">During
fiscal 2014, we announced Project Innovate, an R&amp;D program extending over
five and a half years. The goal of Project Innovate is to expand our modeling
and simulation technologies, develop new ones and continue to differentiate our
service offering. Concurrently, the Government of Canada agreed to participate
in Project Innovate through a repayable loan of up to $250 million made through
the Strategic Aerospace and Defence Initiative (SADI).</font></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:120%;">&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;line-height:120%;">During
fiscal 2016, we amended and extended our Project New Core Markets, an R&amp;D
program, for an additional four years. The aim is to leverage our modeling,
simulation and training services expertise in healthcare. The Quebec
government, through Investissement Qu&#233;bec, agreed to participate up to $70
million in contributions related to costs incurred before the end of fiscal
2020.</font></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:120%;">&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;line-height:120%;">During
fiscal 2017, we announced our participation in Project Sim&#201;co 4.0, an R&amp;D
project under the SA<sup>2</sup>GE program. The aim of this project is the
development of new products or processes which will further contribute to
greenhouse gas emissions reductions. The government of Quebec, through the
Ministry of Economy, Science and Innovation, and SA<sup>2</sup>GE have
committed to contribute amounts up to 50% of eligible costs incurred by CAE to
fiscal 2020.</font></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:120%;">&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;line-height:120%;">You
will find more details in Note 1 and Note 13 of our 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;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Contractual obligations<a name="bm_6_4_Contractual_obligations"></a></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;line-height:120%;">We
enter into contractual obligations and commercial commitments in the normal
course of our business. The table below represents our contractual obligations
and commitments for the next five years and thereafter:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:3.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Contractual obligations</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:509.000000pt;">
 <tr style="height:15.0pt;">
  <td valign=bottom width=30% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2019</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2020</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2021</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2022</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2023</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:15.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=30% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.6</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">195.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.1</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">176.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">43.5</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">631.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,117.5</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=30% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Finance leases (excluding
  interest)</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">30.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">47.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">145.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=30% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-cancellable operating
  leases</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">44.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">32.5</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.1</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">22.4</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">76.7</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">240.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=30% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Purchase commitments</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">132.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">70.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">223.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=30% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">229.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">335.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">113.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">214.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">78.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">756.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,726.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">We
also had total availability under the committed credit facility of US$503.6
million as at March&nbsp;31,&nbsp;2018 compared to US$458.0 million at
March&nbsp;31,&nbsp;2017.</font></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:120%;">&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;line-height:120%;">We
have purchase commitments 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 various points in time.</font></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:120%;">&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;line-height:120%;">As
at March&nbsp;31, 2018, 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. CAE&#8217;s cash obligation in respect of the accrued employee pension liability
depends on various elements including market returns, actuarial gains and
losses and interest rates. 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>

<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:120%;">&nbsp;</font></p>









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2018 I 29</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">7.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">CONSOLIDATED FINANCIAL
POSITION<a name="bm_7__CONSOLIDATED_FINANCIAL_POSITION"></a></font></b></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Consolidated capital employed<a name="bm_7_1_Consolidated_capital_employed"></a></font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:513.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:justify;"><font face=helvetica,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=14% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=68% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Use of capital:</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current assets</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,060.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,919.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(611.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(504.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Current liabilities</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,320.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(1,273.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Less: current portion of
  long-term debt</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">52.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">51.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Non-cash working capital<sup>8</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">180.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">193.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Property, plant and equipment</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,803.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,582.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other long-term assets</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,854.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,852.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other long-term liabilities</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(823.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(796.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total capital employed</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,016.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,831.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=68% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Source of capital:</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">52.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">51.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Long-term debt</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,208.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,203.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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 colspan=2 valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(611.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(504.7</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Net debt<sup>8</sup></font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">649.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">750.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Equity attributable to equity
  holders of the Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,298.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,020.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Non-controlling interests</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">68.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=13% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">60.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=68% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Source of capital</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3,016.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,831.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;page-break-after:avoid;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Capital employed increased $184.3 million,
or 7%, over last year</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;line-height:120%;">The
increase over last year was mainly due to higher property, plant and equipment,
partially offset by an increase in other long-term liabilities and lower
non-cash working capital.</font></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:120%;">&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;line-height:120%;">Our
return on capital employed<sup>8</sup>
(ROCE) was 14.4% this year compared to 11.2% last year. Our ROCE this year was
impacted by the income tax recovery resulting from the enactment of a lower
U.S. federal income tax rate, the gain on the remeasurement of the previously
held AACE investment net of reorganizational costs and the gain realized from
the disposal of our equity interest in the joint venture ZFTC. Excluding these
impacts, our ROCE would have been 12.3% this year.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Non-cash working
capital decreased by $12.1 million</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;line-height:120%;">The
decrease was mainly due to higher deferred revenue and lower inventories,
partially offset by higher contracts in progress assets, lower contract in
progress liabilities and accounts payable and accrued liabilities.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Net property, plant
and equipment up $221.3 million</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;line-height:120%;">The
increase was mainly due to capital expenditures and the integration into our
operations of the fixed assets acquired from AACE, partially offset by
depreciation.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Other long-term
liabilities up $26.9 million</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;line-height:120%;">The
increase was mainly due to higher employee benefit obligations resulting
primarily from a decrease in the discount rate used to determine our defined
benefit pension plan obligations and higher deferred gains and other
non-current liabilities, partially offset by lower deferred tax liabilities.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Net debt lower than
last year</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;line-height:120%;">The
decrease was mainly due to the impact of cash movements during the year,
partially offset by the addition of loans obtained as part of the acquisition
of AACE.</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">8</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other financial
measures (see Section 3.7).</font></p><font lang=EN-CA>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Change
in net debt</font></b><sup><b><font color=white face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">9</font></b></sup>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:518.000000pt;">
 <tr style="height:14.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="border-bottom:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">750.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">787.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=64% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=14% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=64% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:9.0pt;margin-right:0in;margin-top:2.0pt;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=4% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(127.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(91.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=64% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(22.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.0</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=64% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Impact from business
  combinations</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">37.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25.8</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=64% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.9</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Decrease in net debt during
  the period</font></p>
  </td>
 <td valign=bottom width=4% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(101.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=4% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(36.6</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=4% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">649.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">750.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Net
  debt-to-capital<sup>9</sup></font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p align=center style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:center;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></b></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.5</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">%</font></p>
  </td>
 <td valign=bottom width=13% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Total
equity increased by $285.6 million this year</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;line-height:120%;">The
increase in equity was mainly due to net income of $355.7 million and a
favourable foreign currency translation of $80.5 million, partially offset by
cash dividends of $89.9 million, common shares repurchased and cancelled of
$44.8 million and defined benefit plan remeasurements of $24.1 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Outstanding
share data</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;line-height:120%;">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 267,738,530 common shares issued and outstanding as at March 31, 2018
with total share capital of $633.2 million. In addition, we had 6,155,525
options outstanding under the Employee Stock Option Plan (ESOP).</font></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:120%;">&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;line-height:120%;">As
at April 30, 2018, we had a total of 267,604,005 common shares issued and
outstanding and 6,137,450 options outstanding under the ESOP.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Repurchase
and cancellation of shares</font></i></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">On
February 9, 2018, we announced the renewal of the normal course issuer bid
(NCIB) to purchase up to 5,349,804 of our common shares. The NCIB began on
February&nbsp;23, 2018 and will end on February 22, 2019 or on such earlier
date when the Company completes its purchases or elects to terminate the NCIB.
These purchases will be made on the open market plus brokerage fees through the
facilities of the TSX and/or alternative trading systems at the prevailing
market price at the time of the transaction, in accordance with the TSX&#8217;s
applicable policies. All common shares purchased pursuant to the NCIB will be
cancelled.</font></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:120%;">In
fiscal 2018, we repurchased and cancelled a total of 2,081,200 common shares
under the previous and current NCIB (2017 &#8211; 2,490,900), at a weighted average
price of $21.53 per common share (2017 &#8211; $16.73), for a total consideration of
$44.8 million (2017 &#8211; $41.7 million). An excess of $39.9 million (2017 &#8211; $36.1
million) of the shares&#8217; repurchase value over their carrying amount was charged
to retained earnings as share repurchase premiums. Included in the above amount
were 600,000 common shares that were repurchased under a private agreement with
a third-party seller at a discount to the prevailing market price of the
Company's common shares at the time of purchase.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Dividends</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;line-height:120%;">We
paid a dividend of $0.08 per share in the first quarter and $0.09 per share in
the second, third and fourth quarter of fiscal 2018. These dividends were
eligible under the Income Tax Act </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">(Canada)</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> and its provincial
equivalents.</font></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:120%;">&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;line-height:120%;">Our
Board of Directors has the discretion to set the amount and timing of any
dividend. The Board reviews the dividend policy annually based on the cash
requirements of our operating activities, liquidity requirements and projected
financial position. We expect to declare dividends of approximately $96.4
million in fiscal 2019 based on our current dividend and the number of common
shares outstanding as at March 31, 2018.</font></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:120%;">&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;line-height:120%;">Guarantees</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;line-height:120%;">As
at March 31, 2018, we have a total of $223.4 million outstanding letters of
credit and performance guarantees which are not recognized in the consolidated
statement of financial position, compared to $238.2 million last fiscal year.</font></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:120%;">&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;line-height:120%;">Pension
obligations</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;line-height:120%;">We
maintain defined benefit and defined contribution pension plans. Subsequent to
recent legislative changes, the defined benefit pension plans are considered
sufficiently funded. We expect to contribute $23.7 million in fiscal 2019.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>










<hr align=left size=1 width="33%">
<div id=ftn9><font lang=EN-CA>

</font><p style="margin:0in;margin-bottom:.0001pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">9</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Non-GAAP and other
financial measures (see Section 3.7).</font></p><font lang=EN-CA>

</font></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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader38"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Off balance sheet arrangements<a name="bm_7_2_Off_balance_sheet_arrangements"></a></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;line-height:120%;">In
the normal course of operations, we use off-balance sheet activities through
operating leases for building, land, simulators, aircrafts and other equipment.
These leases are non-recourse to us.</font></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:120%;">&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;line-height:120%;">You
can find more details about operating lease commitments in Notes 1 and 26 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;line-height:120%;">&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;line-height:120%;">In
the normal course of business we also manage a program in which we sell
interests in certain of our accounts receivable (current financial assets
program) to a third party for cash consideration with limited recourse to CAE.</font></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:120%;">&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;line-height:120%;">You
will find more details about our financial assets program in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Sources of
Liquidity.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></i></p>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Financial instruments<a name="bm_7_3_Financial_instruments"></a></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;line-height:120%;">We
are exposed to various financial risks in the normal course of business. We
enter into forward contracts and swap agreements to manage our exposure to
fluctuations in foreign exchange rates, interest rates and share price which
have an effect on our share</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">based payments costs. We formally assess, both at
inception of the hedge relationship and on an ongoing basis, whether the
derivatives we use in hedging transactions are highly effective in offsetting
changes in cash flows of hedged items in relation to the hedged risk. We enter
into these transactions to reduce our exposure to risk and volatility, and not
for trading or speculative purposes. We only enter into contracts with
counterparties that are of high credit quality.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Classification
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;line-height:120%;">We
have made the following classifications for our financial instruments:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Cash
and cash equivalents, restricted cash and all derivative instruments, except
for derivatives designated as effective hedging instruments, are classified at
fair value through profit and loss (FVTPL);</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Accounts
receivable, 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 at FVTPL;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Portfolio
investments are classified as available-for-sale;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Accounts
payable and accrued liabilities and long-term debt, including interest payable,
as well as finance lease obligations and royalty obligations are classified as
other financial liabilities, all of which are carried at amortized cost using
the effective interest method.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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. Counterparty
credit risk and our own credit risk are taken into account in estimating the
fair value of all financial assets and financial liabilities.</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;line-height:120%;">&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;line-height:120%;">The
following assumptions and valuation methodologies have been used to measure the
fair value of financial instruments:</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of cash and cash equivalents, 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:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of derivative instruments, which include forward contracts, swap
agreements and embedded derivatives accounted for separately and is calculated
as the present value of the estimated future cash flows using an appropriate
interest rate yield curve and foreign exchange rate. Assumptions are based on
market conditions prevailing at each reporting date. The fair value of
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:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of the available-for-sale investment, which does not have a readily available
market value, is estimated using a discounted cash flow model, which includes
some assumptions that are not based on observable market prices or rates;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of non-current receivables is estimated based on discounted cash
flows using current interest rates for instruments with similar risks and
remaining maturities;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of long-term debts and non-current liabilities, including finance
lease obligations and royalty obligations, are estimated based on discounted
cash flows using current interest rates for instruments with similar risks and
remaining maturities;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;margin-left:13.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
fair value of the contingent consideration arising on a business combination is
based on the estimated amount and timing of projected cash flows, the
probability of the achievement of the criteria on which the contingency is
based and the risk-adjusted discount rate used to present value the
probability-weighted cash flows.</font></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:120%;">&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;line-height:120%;">A
description of the fair value hierarchy is discussed in Note 28 of our
consolidated financial statements.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">32 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Financial risk management

</font></b><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:120%;">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 documented in corporate policies. These risk management parameters
remain unchanged since the previous period, unless otherwise indicated.</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;line-height:120%;">&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:8.5pt;line-height:120%;">Credit
risk</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;line-height:120%;">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 CAE. 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. Credit risks arising from our
normal commercial activities are managed in regards to customer credit risk.</font></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:120%;">&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;line-height:120%;">Our
customers are mainly established companies, some of which have publicly
available credit ratings, as well as government agencies, which facilitates
risk assessment and monitoring. In addition, we typically receive substantial
non-refundable advance payments for construction contracts. We closely monitor
our exposure to major airline companies in order to mitigate our risk to the
extent possible. Furthermore, our trade receivables are not concentrated with
specific customers but are held with 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 to third-party financial institutions for
cash consideration on a limited 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 mainly in place
with a diverse group of major 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;line-height:120%;">&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;line-height:120%;">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. We signed </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">International Swaps &amp; Derivatives Association,
Inc</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">. </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">(ISDA)</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> Master Agreements with the majority of counterparties
with whom we trade derivative financial instruments. These agreements make it
possible to offset 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 CAE 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">The
carrying amounts presented in Note 4 and Note 28 of our 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:0in;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-CA style="font-size:8.5pt;line-height:120%;">Liquidity
risk</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;line-height:120%;">Liquidity
risk is defined as the potential risk 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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 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 and agreements to sell
certain of our accounts receivable. We also regularly monitor any financing
opportunities to optimize our capital structure and maintain appropriate financial
flexibility.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Market
risk</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;line-height:120%;">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:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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. Our policy is not to
utilize any derivative financial instruments for trading or speculative
purposes.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">34 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Foreign currency risk

</font></i><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:120%;">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 exchange rate variability primarily in
relation to certain sale commitments, expected purchase transactions and debt
denominated in a foreign currency, as well as on our net investment from our
foreign operations which have functional currencies other than the Canadian
dollar (in particular the U.S. dollar, Euro and British pound). In addition,
these operations have exposure to foreign exchange rates primarily through cash
and cash equivalents and other working capital accounts denominated in
currencies other than their functional currencies.</font></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:120%;">&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;line-height:120%;">We
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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">We
use forward foreign currency contracts and foreign currency swap agreements to
manage our exposure from transactions in foreign currencies. These transactions
include forecasted transactions and firm commitments denominated in foreign
currencies. Our foreign currency hedging programs are typically unaffected by
changes in market conditions, as related derivative financial instruments are
generally held until their 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;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Interest rate risk</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;line-height:120%;">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</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">term debt. We mainly manage interest rate
risk by fixing project-specific floating rate debt in order to reduce cash flow
variability. We have a floating rate debt through our revolving unsecured
credit facility and other asset-specific floating rate debts. 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 manage
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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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 88% fixed-rate and 12% floating-rate at the end of this year (2017
&#8211; 90% fixed rate and 10% floating rate).</font></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:120%;">&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;line-height:120%;">Our
interest rate hedging programs are typically unaffected by changes in market
conditions, as related derivative financial instruments are generally held
until their maturity to establish asset and liability management matching,
consistent with the objective to reduce risks arising from interest rate movements.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Hedge of share-based
payments cost</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;line-height:120%;">We
have entered into equity swap agreements with four (2017 &#8211; two) major Canadian
financial institutions to reduce our income exposure to fluctuations in our
share price relating to the Deferred Share Unit (DSU), Long-Term Incentive
Deferred Share Unit (LTI</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">DSU)
and Long-Term Incentive Time Based Restricted Share Unit (LTI-TB RSU) programs.
Pursuant to the agreement, we receive the economic benefit of dividends and
share price appreciation while providing payments to the financial institutions
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, LTI-DSU and LTI-TB RSU programs and is reset quarterly.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">As
at March 31, 2018, we have designated a portion of our senior notes and a
portion of the obligations under finance lease as a hedge of our net
investments in U.S. entities. 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
those U.S. entities.</font></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:120%;">&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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Refer
to the consolidated statement 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&nbsp;28 of our consolidated financial statements
for the classification of financial instruments.</font></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:120%;">&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;line-height:120%;">A
sensitivity analysis for foreign currency risk and interest rate risk is
included in Note 29 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;line-height:120%;">&nbsp;</font></p>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 33</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">8.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">BUSINESS COMBINATIONS<a name="bm_8__BUSINESS_COMBINATIONS"></a></font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Acquisition
of a portfolio of training 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;line-height:120%;">During
the second quarter of fiscal 2018, we acquired a portfolio of training assets
in North America and Europe from a full-flight simulator leasing business for
cash consideration of $24.7 million. With this acquisition, we obtained fully
operational full-flight simulators and various customer contracts.</font></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:120%;">&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;line-height:120%;">The
determination of the fair value of the identifiable assets acquired and liabilities
assumed are as follows: $24.7 million of property plant and equipment, $4.6
million of goodwill, $1.4 million of non-current assets and $6.0 million of
non-current liabilities.</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;line-height:120%;">&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:9.0pt;line-height:120%;">Asian
Aviation Centre of Excellence Sdn. Bhd.</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;line-height:120%;">During
the third quarter of fiscal 2018, we completed the acquisition of the remaining
50% equity interest in Asian Aviation Centre of Excellence Sdn. Bhd. (AACE)
from AirAsia, for a cash consideration of $114.8 million [US$90 million] and
long-term contingent cash consideration payable of up to US$10 million if
certain criteria are met. </font></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:120%;">&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;line-height:120%;">As
a result, our interest in AACE increased from 50% to 100%, obtaining control
over AACE&#8217;s three training centres located in Malaysia, Singapore and Vietnam,
as well as its 50% joint control of Philippine Academy of Aviation Training, a
joint venture training centre between AACE and Cebu Pacific, located in the
Philippines. With this acquisition, we own a customer installed base of
commercial flight simulators and own assets including full-flight simulators,
simulator parts and equipment, facilities and a talented workforce. </font></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:120%;">&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;line-height:120%;">Before
the transaction, our 50% ownership interest in AACE was accounted for using the
equity method. The net gain resulting from the remeasurement to fair value of
the previously held interest in AACE was included in Other gains &#8211; Net in the
consolidated income statement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">The
goodwill arising from both acquisitions is attributable to the expansion of our
customer installed base of commercial flight simulators, market capacity and
expected synergies from combining 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;line-height:120%;">&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;line-height:120%;">The
net assets acquired, including intangibles, are included in the Civil Aviation
Training Solutions segment.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">You will find more details
in Note 3 and 21 of our consolidated financial statements.</font></p>








<p style="margin:0in;margin-bottom:3.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">9.&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">BUSINESS
RISK AND UNCERTAINTY<a name="bm_9__BUSINESS_RISK_AND_UNCERTAINTY"></a></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;line-height:120%;">We
operate in several industry segments that have various risks and uncertainties.
Management and the Board of Directors (the Board) discuss quarterly the
principal risks facing our business, as well as annually during the 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">In
order to mitigate the risks that may impact our future performance, management
has established an enterprise risk management process to identify, assess and
prioritize these risks. Management develops and deploys risk mitigation
strategies that align with our strategic objectives and business processes.
Management reviews the evolution of the principal risks facing our business on
a quarterly basis and the Board oversees the risk management process and
validates it through procedures performed by our internal auditors when it
deems necessary. One should carefully consider the following risk factors, in
addition to the other information contained herein, before deciding to purchase
CAE common stock.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Risks relating to the industry<a name="bm_9_1_Risks_relating_to_the_industry"></a></font></b></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Competition</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;line-height:120%;">We
sell our simulation products and training services in highly competitive
markets. New participants have emerged in recent years and the competitive
environment is intense, with aerospace and defence companies positioning
themselves to try to take greater market share by consolidating existing
commercial aircraft simulation companies and by developing their own internal
capabilities. Most of our competitors in the simulation and training markets
are also involved in other major segments of the aerospace and defence industry
beyond simulation and training. As such, some of them are larger than we are,
and may have greater financial, technical, marketing, manufacturing and
distribution resources. In addition, our main competitors are either aircraft
manufacturers, or have well-established relationships with aircraft
manufacturers, airlines and governments, which may give them an advantage when
competing for projects with these organizations.</font></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:120%;">&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;line-height:120%;">OEMs
like Airbus and Boeing 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 specific
to that OEM&#8217;s aircraft, which in turn is a critical capital cost for any
simulation-based training service provider. OEMs may be in a position to demand
licence fees or 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 an independent training provider and
simulator manufacturer, having the ability to replicate certain 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 OEMs. In addition, we work with some OEMs on
business opportunities related to equipment and training services.</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 35</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<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:120%;">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. A
significant portion of our revenue is dependent on obtaining new orders and
continuously replenishing our backlog. 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. The presence of new market participants as noted
above, and their efforts to gain market share, creates heightened competition
in bidding which may negatively impact pricing and margins.</font></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:120%;">&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;line-height:120%;">Economic
growth underlies the demand for all of our products and services. Periods of
economic recession, constrained credit, government austerity and/or
international commercial sanctions generally lead to heightened competition for
each available order. This in turn typically 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;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">A
significant portion of our revenues is generated by sales to defence and
security customers around the world. We provide products and services for
numerous programs to U.S., Canadian, European, Australian, and other foreign
governments as both the prime and/or subcontractor. As defence spending comes
from public funds and is always competing with other public interests for
funding, there is a risk associated with the level of spending a particular
country may devote to defence as well as the timing of defence contract awards.
Significant reductions to defence spending by mature markets such as the U.S.,
Canada, Germany, U.K. and Australia or a significant delay in the timing of
defence procurement could have a material negative impact on our future
revenue, earnings and operations. In order to mitigate the level and timing of
defence procurements, we have established a diversified global business and a
strong position on enduring platforms.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Government-funded
defence and security programs</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;line-height:120%;">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:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Civil aviation
industry</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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Lower
jet fuel prices generally have a positive impact on airlines&#8217; profitability;
however, the long-term ramifications on the commercial aviation industry are
more complex. If jet fuel prices attain high levels for a sustained period,
there could be a greater impetus for airlines to replace older, less fuel</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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 economically
unviable. 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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
certain customers and regularly 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:1.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Regulations imposed
by aviation authorities</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;line-height:120%;">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. FAA, could
mean that 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 present opportunities or, to the contrary, have a materially negative
effect on our results of operations or financial condition.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">The
sale or licence of many of our products is subject to regulatory controls.
These can prevent us from selling to certain countries, or to certain entities
or people in or from a country, and require us to obtain from one or more
governments an export licence or other approvals to sell certain technology
such as defence and security simulators or other training equipment, including
data or parts. These regulations change often and we cannot be certain that we
will be permitted to sell or licence 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">If
we fail to comply with government laws and regulations related to export
controls and national security requirements, we could be fined and/or 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>









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2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Risks relating to the Company<a name="bm_9_2_Risks_relating_to_the_Company"></a></font></b></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Product evolution</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;line-height:120%;">The
civil aviation and defence and security 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 and service enhancements
that address evolving standards and technologies, we may lose current customers
and be unable to attract new customers. This could reduce our revenue. The
evolution of technology could also have a negative impact on the value of our
fleet of FFSs.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Research and
development activities</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;line-height:120%;">We
carry out some of our R&amp;D initiatives with the financial contribution of
governments, including the Government of Quebec through Investissement Qu&#233;bec
(IQ) and the SA<sup>2</sup>GE program, and the Government of Canada through its
Strategic Aerospace and Defence Initiative (SADI). The level of government
financial participation reflects government policy, fiscal policy and other
political and economic factors. We may not, in the future, be able to replace
these existing programs with other government funding and/or risk</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">We
receive investment tax credits from federal and provincial governments in
Canada and from the federal government in the U.S. on eligible R&amp;D
activities that we undertake. The credits we receive are based on 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:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">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 can 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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Strategic
partnerships and long-term 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;line-height:120%;">We
have long-term strategic partnerships and contracts with major airlines,
aircraft operators and defence forces around the world. These long-term
contracts are included in our backlog at the awarded amount but could be
subject to unexpected adjustments or cancellations and therefore do not
represent a guarantee of our future revenues. Additionally, we cannot be
certain that these partnerships and contracts will be renewed on similar terms,
or at all, when they expire.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Procurement
and OEM leverage</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;line-height:120%;">We
secure data, parts, equipment and many other inputs from a wide variety of
OEMs, subcontractors and other sources. We are not always able to find two or
more sources for inputs that we require 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. This could lead to onerous
licencing terms, high licence fees or even refusal to licence to us the data,
parts and equipment packages that are often required to manufacture and operate
a simulator based on an OEM&#8217;s aircraft.</font></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:120%;">&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;line-height:120%;">Where
CAE uses an internally produced simulation model for an aircraft, or develops
courseware without using OEM-sourced and licenced data, parts and equipment,
the OEM in question may attempt retaliatory or obstructive actions against CAE
to block the provision of training services or manufacturing, sale and/or
deployment for training of a simulator for such aircraft, claiming breach of
its intellectual property rights or other legal basis. Such actions may cause
CAE to incur material legal fees and/or may delay or prevent completion of the
simulator development project or provision of training services, which may
negatively impact our financial results.</font></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:120%;">&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;line-height:120%;">Similarly,
where CAE uses open source software, freeware or commercial off-the-shelf
software from a third party, the third party in question or other persons may
attempt retaliatory or obstructive actions against CAE to block the use of such
software or freeware, claiming breach of licence rights or other legal basis.
Such actions may cause CAE to incur material legal fees and/or may delay or
prevent completion of the simulator development project or provision of
training services, which may negatively impact our financial results.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">We
manufacture simulators that are highly complex and sophisticated. Additionally,
we may purchase simulators or obtain simulators in a business acquisition.
These simulators may contain defects that are difficult to detect and correct
and if they 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>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">37</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Product integration and program
management risk

</font></b><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:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></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;line-height:120%;">Protection
of our intellectual property</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;line-height:120%;">We
rely, in part, on trade secrets, copyrights and contractual restrictions, such
as confidentiality agreements, patents and licences 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. 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:0in;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-CA style="font-size:8.5pt;line-height:120%;">Third-party
intellectual property</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;line-height:120%;">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. Our training systems may also involve the
collection and analysis of customer performance data in connection with the use
of our training systems. We may not be able to obtain access to these multiple
data sets 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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
licences 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">The
markets in which we operate are subject to extensive patenting by third
parties. Our ability to modify existing products or to develop new products and
services may be constrained by third-party patents such that we incur
incremental costs to licence the use of the patent or design around the claims
made therein.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Key
personnel</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;line-height:120%;">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. We also have succession plans in
place to help identify and develop an internal pipeline of leadership talent
pertaining to the technical, pilot instructor and general management domains.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Labour
relations</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;line-height:120%;">Approximately
1,700 of our employees are represented by unions and are covered by 42
collective agreements. These differing collective bargaining agreements have
various expiration dates, including that of an employee group in Montreal,
Canada which is expiring in June&nbsp;2018 and is currently in the process of
being renewed. While we maintain positive relationships with our respective
unions, the re</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">negotiations
of the collective bargaining agreements could result in work disruption
including work stoppages or work slowdowns. Should a work stoppage occur, it
could interrupt our manufacturing or service operations at the impacted locations
which could adversely affect service to our customers and our financial
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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Environmental
matters</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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Additionally,
the potential impacts of continued climate change are unpredictable. The
occurrence of one or more natural disasters or weather-related events could
result in a disruption of operations, property damage and adverse effects to
the cost or availability of materials and resources. We cannot be certain that
our insurance coverage will be sufficient to cover one or more substantial
claims, though to date our insurance coverage has been adequate to meet claims.</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;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">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:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Accidents
or disasters involving training equipment that we have sold or aircraft for
which we have provided training equipment or services;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
pilot provisioning;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
live flight training 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;line-height:120%;">&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;line-height:120%;">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, though to date our insurance coverage has been adequate to
meet claims.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">38</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Integration of acquired businesses</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;line-height:120%;">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>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">We
are leveraging our knowledge, experience and best practices in simulation-based
aviation training and optimization to penetrate the simulation-based training
market in healthcare.</font></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:120%;">&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;line-height:120%;">As
we operate in this market, unforeseen difficulties and expenditures could
arise, which may have an adverse effect on our operations, profitability and
reputation. Penetrating a new market is inherently more difficult than managing
within our already established markets.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">U.S. foreign
ownership, control or influence mitigation measures</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;line-height:120%;">CAE
and certain of its subsidiaries are parties to agreements with various
departments and agencies of the U.S. government, including the U.S. Department
of Defense, which require that these subsidiaries be issued facility security
clearances under the U.S. Government National Industrial Security Program. This
program requires that any corporation that maintains a facility security
clearance be insulated from foreign ownership, control or influence (FOCI) via
a mitigation agreement. As a Canadian company, CAE has entered into FOCI
mitigation agreements with U.S. Department of Defense that enable these U.S.
subsidiaries to obtain and maintain the requisite facility security clearances
to enter into and perform on classified contracts with the U.S. Government.
Specifically, these mitigation agreements are a special security agreement
(SSA) for CAE USA Inc. and a proxy agreement (Proxy Agreement) for CAE USA
Inc.&#8217;s wholly owned subsidiary, CAE USA Mission Solutions Inc. (Proxy Company).
If CAE fails to maintain compliance with either of these FOCI mitigation
agreements, the facility security clearances for each entity may be terminated.
If this occurred, CAE&#8217;s U.S. subsidiaries would no longer be eligible to enter
into new contracts requiring a facility security clearance and would lose the
right to perform its existing contracts with the U.S. government to completion.</font></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:120%;">&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;line-height:120%;">A
separate board of directors has been established to oversee the management and
operations of the Proxy Company. Under the Proxy Agreement, CAE and its board
of directors are restricted in their oversight over the Proxy Company&#8217;s
separate board of directors and its management. In addition, under U.S.
Department of Defense rules and procedures, subject to a limited number of
restricted matters (such as the sale or disposal of the Proxy Company&#8217;s assets;
corporate mergers, consolidations, or reorganizations relating to the Proxy
Company; pledges, mortgages or other encumbrances on the capital stock of the
Proxy Company for purposes other than obtaining working capital; the
dissolution of the Proxy Company; and the filing of a bankruptcy petition with
respect to the Proxy Company) the Proxy Company board of directors acts
independently and has sole authority to make all decisions regarding the
management of the proxy company and its business. The actions taken or not taken
by the management or the Proxy Company board of directors could have an impact
on CAE&#8217;s growth, reputation and profitability.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Length of sales cycle</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;line-height:120%;">The
sales cycle for our products and services can be long and unpredictable,
ranging from 6 to 18 months for civil aviation applications and from 6 to 24
months or longer for defence and security applications. During the time when
customers are evaluating our products and services, we may incur expenses and
management time. Making these expenditures in a period 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:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Government
procurement policies often allow unsuccessful bidders to protest a contract
award. The protest of a contract awarded to CAE may result in the cancellation
of our award, extend the period before which we can start recognizing revenue
or cause us to incur material legal fees.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Seasonality</font></b></p>

<p style="margin:0in;margin-bottom:10.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our
business, revenues and cash flows are affected by certain seasonal trends. In
the Civil segment, the utilization rate is driven by the availability of pilots
to train, which tends to be lower in the second quarter as pilots are flying
more and training less and thus resulting in lower revenues. In the Defence
segment, revenue and cash collection tend to be higher in the second half of
the year as contract awards and availability of funding are influenced by the
federal government&#8217;s budget cycle, which in the U.S. is based on a September year-end.
We expect these trends to continue in fiscal 2019.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Returns
to shareholders</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;line-height:120%;">Payment
of dividends, the repurchase of shares under our NCIB and other cash or capital
returns to our shareholders depend on various factors, including our operating
cash flows, sources of capital, the satisfaction of solvency tests and other
financial requirements, our operations and financial results, as well as CAE&#8217;s
dividend and other policies which may be reviewed from time to time.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">39</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Information
technology systems

</font></b><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:120%;">An
information technology system failure or non-availability, cyber-attack or
breach of systems security could disrupt our operations, cause the loss of,
corruption of, or unauthorized access to business information and data,
compromise confidential or classified information belonging to CAE, our
employees, or our business partners, including aircraft OEMs and Defence and
Security customers, expose us to regulatory investigation, litigation or
contractual penalties or cause reputational harm. We depend on information
technology infrastructure and systems, hosted internally or outsourced, 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. These information technology
networks and systems are essential to our ability to perform day-to-day
operations and to the effective operation of our business. If the systems do
not operate as expected or when expected, this may have a negative effect on
our operations, reporting capabilities, profitability and reputation. A series
of governance processes are in place to mitigate this risk.</font></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:120%;">&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;line-height:120%;">We
may, from time to time, replace or update our information technology networks
and systems. The implementation of, and transition to, new networks and systems
can temporarily disrupt our business activities and result in productivity
disruptions.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Reliance on
third-party providers for information technology systems and infrastructure
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;line-height:120%;">We
have outsourced certain information technology systems maintenance and support
services and infrastructure management functions, to third-party service
providers. If these service providers are disrupted or do not perform
effectively, it may have a material adverse impact on our operations and/or we
may not be able to achieve the expected cost savings and may have to incur
additional costs to correct errors made by such service providers. Depending on
the function involved, such errors may also lead to business disruption,
processing inefficiencies and/or security vulnerability.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Cybersecurity</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;line-height:120%;">The
cyber threat landscape is becoming more complex and prevalent and represents a
rapidly evolving risk to our information technology infrastructure and systems
and to our proprietary or sensitive information. Our dependence on information
technology infrastructure and systems and our business relationships with
aircraft OEMs and defence and security customers may increase the risk of such
threats. Our customers, suppliers, subcontractors and joint venture partners
may face similar security threats, as well as customer sites that we operate or
manage. We must rely on our own safeguards as well as the safeguards put in
place by our partners to mitigate the threats. Our partners have varying levels
of cybersecurity expertise and safeguards, and their relationships with
government contractors, such as CAE, may increase the likelihood that they are
targeted by the same cyber threats we face.</font></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:120%;">&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;line-height:120%;">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. Our customers or governmental authorities may question
the adequacy of our threat mitigation and detection processes and procedures
and this could have a negative impact on existing business or future
opportunities. Furthermore, given the highly evolving nature of cyber or other
security threats or disruptions and their increased frequency, the impact of
any future incident cannot be easily predicted or mitigated, and the costs
related to such threats or disruptions may not be fully insured or indemnified
by other means. To address the challenges of the evolving cyber threat
landscape, we continuously review our security measures. We have implemented
and enhanced security controls, policy enforcement mechanisms, management
oversight and monitoring systems in order to prevent, detect and address
potential threats, though we may find it necessary to make further investments
to protect our data and infrastructure. The Audit Committee of our Board of
Directors is responsible for the oversight of our cybersecurity risk mitigation
strategy. Any prior cyber-attacks directed at us have not had a material impact
on our financial results and we believe our threat detection and mitigation
processes and procedures are adequate.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Data privacy</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;line-height:120%;">If
we fail to comply with applicable domestic and foreign laws regarding privacy
and security of employee, customer and other data (including the recently
enacted European Union General Data Protection Regulation), or as a result of a
cyber-attack or other security breach, we could be subject to regulatory
penalties, experience damage to our reputation or a loss of confidence in our
products and services. We may also incur additional costs for remediation and
modification or enhancement of our information systems to prevent future
occurrences, all of which could adversely affect our business, operations or
financial results.</font></p>








<p style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Risks relating to the market<a name="bm_9_3_Risks_relating_to_the_market"></a></font></b></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Foreign exchange</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;line-height:120%;">Our
operations are global with approximately 90% of our revenue generated from
worldwide exports and international activities generally denominated in foreign
currencies, mainly the U.S. dollar, the Euro and the British pound. Our revenue
is generated approximately one</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Three
areas of our business are exposed to fluctuations of foreign exchange rates;
our network of foreign training and services operations, our production
operations outside of Canada (Australia, Germany, India, U.K. and U.S.) and our
production operations in Canada. A significant portion of the revenue generated
in Canada is in foreign currencies, while a large portion of our operating
costs is in Canadian dollars. When the Canadian dollar increases in value, it
negatively affects our foreign currency-denominated revenue and hence our
financial results. 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 foreign currencies.
The hedges are intended to cover a portion of the revenue to allow the unhedged
portion to match the foreign cost component of the contract. Since not all 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 may
impact our financial results. This residual exposure may be higher when
currencies experience significant short term volatility. When the Canadian
dollar decreases in value, it negatively affects our foreign
currency-denominated costs. In order to minimize the impact foreign exchange
market fluctuations may have, we also hedge some of the foreign currency costs
incurred in our manufacturing process.</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">40</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></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;line-height:120%;">Business conducted through our foreign operations are
substantially based in local currencies. A natural hedge exists by virtue of
revenues and operating expenses being in like currencies. However, changes in
the value of foreign currencies relative to the Canadian dollar creates
unhedged currency translation exposure since results are consolidated in
Canadian dollars for financial reporting purposes. Appreciation of foreign
currencies against the Canadian dollar would have a positive translation impact
and a devaluation of foreign currencies against the Canadian dollar would have
the opposite effect. We generally hedge the milestone payments of sales
contracts denominated in foreign currencies to mitigate some of the foreign
exchange exposure.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Availability of
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;line-height:120%;">We
have various debt facilities with maturities ranging between April 2018 and
October 2036, and we cannot provide assurance that these facilities will be
refinanced at the same cost, for the same duration and on similar terms as were
previously available.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">Economic
and capital market fluctuations can negatively affect the investment
performance, funding and expense associated with our defined benefit pension
plans. Pension funding for these plans is based on actuarial estimates and is
subject to limitations under applicable regulations. Actuarial estimates
prepared during the year were based on, amongst others, assumptions regarding
the performance of financial markets, discount rates, inflation rates, future salary
increases, estimated retirement ages and mortality rates. The actuarial funding
valuation reports determine the amount of cash contributions that we are
required to make into registered retirement plans. There can be no assurance
that our pension expense and the funding of these plans will not increase in
the future, negatively impacting our earnings and cash flow. We seek to
mitigate this risk by implementing policies and procedures designed to control
investment risk and through ongoing monitoring of our funding 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;line-height:120%;">&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;line-height:120%;">Additional
cash contributions, if required, to fund our defined benefit and defined
contribution pension plans may have a negative effect on our operations,
financial results and reputation.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:1.0pt;text-align:justify;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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-CA style="font-size:8.5pt;line-height:120%;">We
have operations in over 35 countries including our joint venture operations and
sell our products and services to customers around the world. Sales to
customers outside Canada made up approximately 90% of revenue in fiscal 2018.
We expect sales outside Canada 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, including geopolitical instability.</font></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:120%;">&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;line-height:120%;">These
are the main risks we are facing:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Change
in laws and regulations;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Tariffs,
embargoes, controls, sanctions and other restrictions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">General
changes in economic and geopolitical conditions;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-indent:-13.5pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Complexity
and corruption risks of using foreign representatives and consultants.</font></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:120%;">&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;line-height:120%;">Sales
to foreign customers are subject to Canadian and foreign laws and regulations,
including, without limitation, the </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Corruption of Foreign Public Officials
Act</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> (Canada), the </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Foreign Corrupt Practices Act</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> (United States) and
other anti-corruption laws. While we have stringent policies in place to comply
with such laws, failure by CAE, our employees, foreign representatives and
consultants or others working on our behalf to comply with it could result in
administrative, civil, or criminal liabilities, including suspension, debarment
from bidding for or performing government contracts, which could have a
material adverse effect on us. We frequently team with international
subcontractors and suppliers who are also exposed to similar risks.</font></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:120%;">&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;line-height:120%;">Changes
to the political and regulatory environment in countries in which we do
business may lead to higher tariffs or stricter trade policies that may have a
negative impact on our sales, financial results and business model.</font></p>

<p style="margin:0in;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-CA style="font-size:8.5pt;line-height:120%;">Political
instability</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;line-height:120%;">Political
instability in certain regions of the world may be prolonged and unpredictable.
A prolongation of political instability could lead to delays or cancellation of
orders, deliveries or projects, or the expropriation of assets, in which we
have invested significant resources, particularly when the customers are
state-owned or state-controlled entities. Geopolitical risks will change over
time and CAE must respect any applicable sanctions and controls applied in the
countries in which we carry on business. It is possible that in the markets we
serve</font><font color=#1f497d face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">,</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> unanticipated political instability
could impact our operating results and financial position.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;text-indent:.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Income
tax laws</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;line-height:120%;">A
substantial portion of our business is conducted in foreign countries and is
thereby subject to numerous countries&#8217; tax laws and fiscal policies. A change
in applicable tax laws, treaties or regulations or their interpretation could
result in a higher effective tax rate on our earnings which could significantly
impact our financial results.</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">10.&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">
</font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">RELATED PARTY TRANSACTIONS<a name="bm_10__RELATED_PARTY_TRANSACTIONS"></a></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;line-height:120%;">&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;line-height:120%;">A
list of principal investments which, in aggregate, significantly impact our
results or assets is presented in Note 31 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following table presents our
outstanding balances with joint ventures:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:22.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=2% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Accounts receivable</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">39.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">54.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Contracts in progress: assets</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other assets</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">27.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Accounts payable and accrued
  liabilities</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">9.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">15.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Contracts in progress: liabilities</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.9</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Other
assets include a finance lease receivable of $9.3 million (2017 &#8211; $12.4
million) maturing in October 2022 and carrying an interest rate of 5.14% per
annum, a loan receivable of $8.9 million (2017 &#8211; $8.4 million) maturing June
2026 and carrying a fixed interest rate of ten years Euro swap rate plus a
spread of 2.50% and a long-term interest-free account receivable of $7.2
million (2017 &#8211; $6.6 million) with no repayment term. As at
March&nbsp;31,&nbsp;2018 and 2017 there are no provisions held against the
receivables from related parties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following table
presents our transactions with joint ventures:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:22.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=2% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">71.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Purchases</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=64% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Other income</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">In
addition, during fiscal 2018, transactions amounting to $0.8 million (2017 &#8211;
$1.4 million) were made, at normal market prices, with organizations for which
some of our directors are officers.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Compensation
of key management personnel</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">K</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">ey
management personnel have the ability and responsibility to make major
operational, financial and strategic decisions for CAE and include certain
executive officers. The compensation of key management for employee services is
shown below:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:512.000000pt;">
 <tr style="height:22.0pt;">
  <td valign=bottom width=66% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:22.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=66% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Salaries and other
  short-term employee benefits</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=14% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.1</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=66% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Post-employment benefits &#8211; defined
  benefit plans<sup>(1)</sup></font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.3</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=66% style="height:14.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Share-based payments</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=15% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.8</font></p>
  </td>
 <td valign=top width=1% style="height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:14.0pt;">
  <td valign=bottom width=66% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">26.6</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">25.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:14.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">(1)</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">Includes
net interest on employee benefits obligations.</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">42 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Management&#8217;s Discussion and Analysis</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>11.&nbsp;</FONT></B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>&nbsp;CHANGES IN ACCOUNTING POLICIES<A name="bm_11__CHANGES_IN_ACCOUNTING_POLICIES"></A></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>11.1&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>New and amended standards not yet adopted<A name="bm_11_1_New_and_amended_standards_not_ye"></A></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 9 - Financial Instruments</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In July 2014, the IASB released the final version of IFRS&nbsp;9 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial Instruments</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> replacing IAS 39 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial Instruments: Recognition and Measurement</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 9 introduces a revised approach for the classification of financial assets based on how an entity manages financial assets and the characteristics of the contractual cash flows of the financial assets replacing the multiple rules in IAS 39. Most of the requirements in IAS&nbsp;39 for classification and measurement of financial liabilities have been carried forward in IFRS 9. IFRS 9 also introduces a new hedge accounting model that is more closely aligned with risk-management objectives as well as a new expected credit loss model for calculating impairment on financial assets replacing the incurred loss model in IAS 39.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 9 is effective for the fiscal period beginning on April 1, 2018 for CAE. We have completed our assessment and have concluded that the adoption of this standard has no impact on our consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 15 - Revenue from contracts with customers</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In May 2014, the IASB released IFRS 15 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Revenue from Contracts with Customers, </FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>which supersedes IAS 11 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Construction Contracts</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> and IAS 18 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Revenue</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> and related interpretations. The core principle of the new standard is to recognize revenue to depict fulfillment of performance obligations to customers in amounts that reflect the consideration to which we expect to be entitled in exchange for those goods or services. Revenue is recognized when, or as, the customer obtains control of the goods or services. The new standard also provides guidance for transactions that were not previously addressed comprehensively, improves guidance for multiple-element arrangements and enhances revenue related disclosures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 15 is effective for the fiscal period beginning on April 1,&nbsp;2018 for CAE. We have elected to apply IFRS 15 retrospectively and thus will restate our 2018 results, with an opening adjustment to equity as at April 1, 2017. We have elected to use the following practical expedients:</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211; </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>No restatement for contracts that were completed as at, or prior to April 1, 2017; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211; </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Reflecting the aggregate effect of modifications to contracts that occurred prior to April 1, 2017 in identifying the satisfied and unsatisfied performance obligations and in determining the transaction prices to be allocated thereto. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>We have reviewed our revenue contracts to evaluate the effect of the new standard on our revenue recognition practices. Based on our assessment, the adoption of the new standard will have the following impacts:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211; </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Revenue recognition for certain performance obligations currently accounted for using the percentage-of-completion method will no longer meet the requirements for revenue recognition over time. Revenue for these performance obligations will instead be recognized&nbsp; upon completion. As the performance obligations for these devices are met and manufacturing advances, the costs to build will be recognized as inventory.&nbsp; Payments received from customers that were previously applied as a reduction of the contracts in progress: assets will now need to be presented as contract liabilities;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211; </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Contracts in which we receive significant payment in advance now require a portion of the contract consideration to be allocated to a significant financing component, when certain criteria are met;</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211; </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>A change in the identification of performance obligations for certain multiple-element arrangements. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The following table presents the impact of IFRS 15 on our consolidated statement of financial position as at April 1, 2017 and March&nbsp;31,&nbsp;2018:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="32%" colSpan=5>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>As previously reported</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>IFRS 15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>As restated</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>As currently reported</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>IFRS 15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>As restated</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 8pt" color=#000000 face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>April 1, 2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>Adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>April 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>March 31, 2018</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>Adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>March 31, 2018</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=#000000 face=helvetica,sans-serif>Assets</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="15%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total current assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,919.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>45.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,965.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,060.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>62.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,123.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total long-term assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,435.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,432.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="14%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,658.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,656.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5,354.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>42.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5,397.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5,719.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>61.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>5,780.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="15%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,273.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>137.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,411.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,320.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>153.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,474.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Total long-term liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,999.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(25.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,974.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="14%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,032.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(23.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,008.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,273.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>111.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,385.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,352.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>130.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>3,482.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="20%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Shareholders' Equity</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="15%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 20pt">

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Equity attributable to equity holders of the Company</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,020.8</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(68.7</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>1,952.1</FONT></B></P></TD>

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   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,298.2</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(69.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,229.1</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>Non-controlling interests</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>60.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>60.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="14%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>68.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>68.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="20%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,081.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(68.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,012.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,366.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>(69.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 8.5pt" color=black face=helvetica,sans-serif>2,297.5</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 2pt" face="Times New Roman"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial Report 2018 I 43</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">For fiscal 2018, the impact of adopting
IFRS 15 is a decrease to revenue of $6.5 million, an increase to operating
profit of $1.8&nbsp;million and an increase to finance expense - net of $1.0
million.

</font><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:120%;">&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;line-height:120%;">While
these changes will impact the timing of contract revenue and profit
recognition, there will be no change to cash flows from 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;line-height:120%;">&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;line-height:120%;">We
have updated and are finalizing the implementation of revised procedures and
controls in order to meet the requirements of IFRS 15, as well as expanding
disclosures which will be required under the new standard in fiscal 2019.</font></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:120%;">&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:8.5pt;line-height:120%;">IFRS
16 - Leases</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;line-height:120%;">In
January 2016, the IASB released IFRS 16 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Leases</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, which will replace IAS
17 -</font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> Leases </font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">and related interpretations. The new standard introduces a
single lessee accounting model and eliminates the classification of leases as
either operating or finance leases. It requires the lessee to recognize a
right-of-use asset and a lease obligation for all leases. Lessors will continue
to classify leases as operating leases or finance leases as IFRS 16
substantially carries forward the current lessor accounting requirements.</font></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:120%;">&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;line-height:120%;">IFRS
16 will be effective for the fiscal period beginning on April 1,&nbsp;2019 for
CAE. We are currently evaluating the impact of the new standard on our
consolidated financial statements. Where we are the lessee, for leases that are
considered operating leases under IAS 17, the adoption of IFRS 16 is expected
to result in the recognition of assets and liabilities on the consolidated
statement of financial position. The change to the recognition, measurement and
presentation requirements from the adoption of this standard is expected to
result in a decrease of our operating lease expense and an increase of our
finance and depreciation expenses.</font></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:120%;">&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:8.5pt;line-height:120%;">IFRIC
23 - Uncertainty over income tax treatments</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;line-height:120%;">In
June 2017, the IASB released IFRIC 23 </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">- Uncertainty over Income Tax
Treatments</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">, which addresses how to determine the taxable profit (loss), tax
bases, unused tax losses, unused tax credits and tax rates, when there is
uncertainty over income tax treatments under&#160;&#160;&#160; IAS&nbsp;12&nbsp;-&nbsp;</font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Income
taxes</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">. It specifically considers whether tax treatments should be
considered independently or collectively and assumptions for taxation
authorities&#8217; examinations in regards to taxable profit (loss), tax bases,
unused tax losses, unused tax credits or tax rates.</font></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:120%;">&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;line-height:120%;">IFRIC
23 is effective for the fiscal period beginning on April 1, 2019 for CAE. We
have completed our assessment and have concluded that the interpretation has no
impact on 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;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">11.2&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Use of judgements, estimates and assumptions<a name="bm_11_2_Use_of_judgements__estimates_and"></a></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;line-height:120%;">The
preparation of the consolidated financial statements requires management to
make judgements, estimates and assumptions that affect the application of
accounting policies, the reported amounts of assets and liabilities and disclosures
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 accounting policies. The areas
involving a high degree of judgement or complexity, or areas where assumptions
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:0in;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;line-height:120%;">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;line-height:120%;">Business
combinations are accounted for in accordance with the acquisition method. The
consideration transferred and 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 the discount rate. Contingent consideration is measured at fair
value using a discounted cash flow model.</font></p>

<p style="margin:0in;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;line-height:120%;">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;line-height:120%;">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:2.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">Our
impairment test for goodwill is based on internal estimates of fair value less
costs of disposal calculations and uses valuation models such as the discounted
cash flows model (level 3). Key assumptions which management has based its
determination of fair value less costs of disposal include estimated growth
rates, post-tax discount rates and tax rates. 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;line-height:120%;">&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;line-height:120%;">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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">See
Note 20 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;line-height:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I </font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
recognition

</font></b><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:120%;">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 revenue and margins recognized, on a contract-by-contract basis.
The impact of any revisions in cost and revenue 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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">The
cost of defined benefit pension plans and the present value of the employee
benefit obligations are determined using actuarial valuations. Actuarial
valuations involve, amongst others, making assumptions about discount rates,
future salary increases and mortality rates. All assumptions are reviewed at
each reporting date. Any changes in these assumptions will impact the carrying
amount of the employee benefit obligations and the cost of the defined benefit
pension plans. In determining the appropriate discount rate, management
considers the interest rates of high quality corporate bonds that are
denominated in the currency in which the benefits will be paid, 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. Individual discount rates are
derived from the yield curve and are used to determine the service cost and
interest cost of the Canadian defined benefit pension plans at the beginning of
the year. The present value of the employee benefit obligations for these
Canadian plans is determined based on the individual discount rates derived
from the yield curve at the end of the year.</font></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:120%;">&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;line-height:120%;">Other
key assumptions for pension obligations are based, in part, on current market
conditions. See Note 14 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;line-height:120%;">&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;line-height:120%;">Government
royalty 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;line-height:120%;">In
determining the amount of repayable government royalties, assumptions and
estimates are made in relation to discount rates, expected revenues and the
expected timing of revenues. 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, ranging
from 6% to 15%, over the period of repayments. The estimated repayments are
discounted using average rates ranging from 6% to 10% 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 participation. A
1% increase to the growth rates would increase the royalty obligation at
March&nbsp;31,&nbsp;2018 by approximately $4.0 million (2017 &#8722; $4.4
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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">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 depends 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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">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 involves uncertainties in the interpretation of
complex tax regulations. We provide for potential tax liabilities based on the
weighted average probability 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;line-height:120%;">&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;line-height:120%;">Deferred
tax assets are recognized to the extent that it is probable that taxable profit
will be available against the losses that can be utilized. 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 our ability to utilize future tax benefits.</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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">The
classification as either finance or operating lease is based on management&#8217;s
judgement of the application of criteria provided in IAS&nbsp;17 &#8211; </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Leases</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
and on the substance of the lease arrangement. Most of our arrangements
accounted for as operating leases are in relation to buildings and flight
simulators. With regards to certain aircraft used in our live training
operations, management has concluded that the undiscounted lease rental
payments associated with the lease convention to these aircraft should be
accounted for as an off balance sheet arrangement as it is offset by a
reciprocal arrangement with a third party and is non-recourse to CAE.</font></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:120%;">&nbsp;</font></p>









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<a name="_bclHeader52"></a><DIV>


<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">12.&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">
</font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">&nbsp;CONTROLS AND PROCEDURES<a name="bm_12__CONTROLS_AND_PROCEDURES"></a></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;line-height:120%;">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>

<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:120%;">&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;line-height:120%;">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:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">12.1&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Evaluation of disclosure controls and procedures<a name="bm_12_1_Evaluation_of_disclosure_control"></a></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;line-height:120%;">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 and ensure that information is recorded, processed,
summarized and reported within the time periods specified under Canadian and
U.S. securities laws.</font></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:120%;">&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;line-height:120%;">Under
the supervision of the President and CEO and the CFO, management evaluated the
effectiveness of our disclosure controls and procedures as of March&nbsp;31,
2018. 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;2018.</font></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:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">12.2&nbsp;&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&#160;&#160; </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Internal control over financial reporting<a name="bm_12_2_Internal_control_over_financial_"></a></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;line-height:120%;">Management
is responsible for establishing and maintaining adequate internal controls over
financial reporting. 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;2018, based on the framework and criteria established by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO) on
Internal Control &#8211; Integrated Framework (2013 Framework), 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-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">There
were no changes in our internal controls over financial reporting that occurred
during fiscal year 2018 that have materially affected, or are reasonably likely
to materially affect, our internal controls over financial reporting.&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;line-height:120%;">&nbsp;</font></p>








<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">13.&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&nbsp;OVERSIGHT
ROLE OF AUDIT COMMITTEE AND BOARD OF DIRECTORS<a name="bm_13__OVERSIGHT_ROLE_OF_AUDIT_COMMITTEE"></a></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;line-height:120%;">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:3.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">14.&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;"> </font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&nbsp;ADDITIONAL INFORMATION<a name="bm_14__ADDITIONAL_INFORMATION"></a></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;line-height:120%;">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>

<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:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">46 I CAE Financial Report 2018</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Management&#8217;s
Discussion and Analysis</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:3.0pt;text-align:justify;"><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">15.&nbsp;</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">
</font><b><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">&nbsp;SELECTED FINANCIAL INFORMATION<a name="bm_15__SELECTED_FINANCIAL_INFORMATION"></a></font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The following table
provides selected quarterly financial information for the years 2016 through to
2018.&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:508.000000pt;">
 <tr style="height:12.0pt;">
  <td valign=bottom width=55% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.0pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions, except per
  share amounts and exchange rates)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q1</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q2</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q3</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Total</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Fiscal 2018</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">698.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">646.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">704.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">780.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,830.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Net income</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">119.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">103.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">63.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">65.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">117.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">347.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">3.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Basic and diluted EPS
  attributable to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.24</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.24</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.44</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.37</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (basic)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">267.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (diluted)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  U.S. dollar to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.35</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.26</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.27</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.26</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.28</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  Euro to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.48</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.47</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.49</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.55</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.50</font></b></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  British pound to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.72</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.64</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.68</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.75</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.70</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Fiscal 2017</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">651.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">635.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">682.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">734.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,704.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Net income</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">48.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.1</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; Equity
  holders of the Company</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">68.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">48.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">67.4</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">252.0</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.1</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.2</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.4</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.1</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Basic EPS attributable
  to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Diluted EPS attributable to
  equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.93</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.25</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.93</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Earnings per share
  before specific items</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.26</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.21</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.26</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.31</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.03</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (basic)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (diluted)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  U.S. dollar to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.30</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.33</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.32</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  Euro to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.46</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.46</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.44</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.41</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.44</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  British pound to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.85</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.71</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.66</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.64</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.71</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Fiscal 2016</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">557.0</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">616.8</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">616.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">722.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,512.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Net income</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">44.5</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">69.2</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">56.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">59.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">230.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Equity holders of the Company</font></p>
  </td>
 <td colspan=3 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:12.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">44.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">75.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">57.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">61.2</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">239.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(6.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(2.4</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(9.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.1</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.4</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Basic and diluted EPS
  attributable to equity holders of the Company</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.17</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.26</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.21</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.22</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.85</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.17</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.28</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.21</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.23</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.89</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.02</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.01</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.04</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Earnings per share
  before specific items</font></p>
  </td>
 <td valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.19</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.18</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.22</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.27</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.86</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (basic)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">267.4</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.6</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.3</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.8</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average number of
  shares outstanding (diluted)</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">267.8</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">268.9</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.7</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">270.2</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">269.2</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  U.S. dollar to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.23</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.33</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.38</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  Euro to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.36</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.46</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.46</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.52</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.45</font></p>
  </td>
 <td valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=55% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate, British pound to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.88</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.03</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.02</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.97</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.98</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
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segment information

</font></b><div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:521.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions, except
  operating margins)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Q4-2017</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2017</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">FY2016</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Civil Aviation Training
  Solutions</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">455.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">417.8</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,629.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,556.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,429.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Segment operating
  income</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">95.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">83.8</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">324.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">273.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">237.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">21.0</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">20.1</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.9</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">17.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.6</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Defence and Security</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">290.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">282.7</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,085.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,036.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">970.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Segment operating
  income</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">38.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">33.0</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">127.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">119.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">13.3</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.7</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.8</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">11.6</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.3</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Healthcare</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">35.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">34.2</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">115.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">110.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">113.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Segment operating
  income</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4.1</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">19.1</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">12.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">7.6</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.0</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">6.3</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Total</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">780.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">734.7</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,830.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,704.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,512.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Segment operating
  income</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">141.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">120.9</font></p>
  </td>
 <td valign=top width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">400.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">364.4</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating margins (%)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">18.1</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">16.3</font></i></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.8</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><i><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">14.5</font></i></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Restructuring,
  integration and acquisition costs</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(20.0</font></p>
  </td>
 <td valign=bottom width=1% style="border-right:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(35.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(28.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;</font><b><font face=helvetica,sans-serif style="font-size:8.5pt;">Operating profit</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">141.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">100.9</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-right:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">364.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">335.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Selected annual information for the past
five years</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:521.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;</font><i><font face=helvetica,sans-serif style="font-size:8.0pt;">(amounts in millions, except per
  share amounts)</font></i></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2017</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2016</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2015</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2014</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Revenue</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,830.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,704.5</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,512.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,246.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2,077.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Net income</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">230.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">204.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">191.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Equity holders of the Company</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">347.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">252.0</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">239.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">201.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">188.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(9.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;
  Non-controlling interests</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">8.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.1</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  U.S. dollar to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.28</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.31</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.14</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.05</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  Euro to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.50</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.44</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.45</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.44</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.41</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Average exchange rate,
  British pound to Canadian dollar</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.70</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.71</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.98</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.83</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.68</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Financial position:</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Total assets</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5,719.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">5,354.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,996.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,656.9</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">4,236.7</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif lang=FR style="font-size:8.5pt;">&nbsp;Total non-current financial
  liabilities<sup>(1)</sup></font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,380.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,370.8</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,318.6</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,427.3</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1,340.2</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Total net debt</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">649.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">750.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">787.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">949.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">856.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Per share:</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Basic EPS attributable
  to equity holders of the Company</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.89</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">$</font></p>
  </td>
 <td valign=bottom width=8% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.76</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.72</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.04</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.01</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Diluted EPS
  attributable to equity holders of the Company</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=10% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Continuing operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.93</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.89</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.76</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.72</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Discontinued operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">(0.04</font></p>
  </td>
 <td valign=bottom width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.01</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Earnings per share before
  specific items</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">1.03</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.86</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.76</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.72</font></p>
  </td>
 <td valign=top width=1% style="height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=42% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">&nbsp;Dividends declared</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.35</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.315</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.295</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.27</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=9% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">0.22</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:13.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">(1)</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">
Includes long-term debt, long-term derivative liabilities and other long-term
liabilities meeting the definition of a financial liability.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&#160;&nbsp;</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">CAE Financial Report
2018 I 47</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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</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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:11.0pt;line-height:120%;">CAE INC.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:11.0pt;line-height:120%;">CONSOLIDATED
FINANCIAL STATEMENTS</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:520.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Management_s_Report_on_Internal_Control_"><b><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Management&#8217;s Report on Internal Control Over Financial Reporting</font></b></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">50</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Report_of_Independent_Registered_Public_"><b><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Report of Independent Registered Public Accounting Firm</font></b></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">51</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Financial_Statements"><b><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Financial Statements</font></b></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Statement_of_Financial_Posi"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Statement of Financial Position</font></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">53</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Income_Statement"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Income Statement</font></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">54</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Statement_of_Comprehensive_"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Statement of Comprehensive Income</font></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">55</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Statement_of_Changes_in_Equ"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Statement of Changes in Equity</font></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">56</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Consolidated_Statement_of_Cash_Flows"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Consolidated
  Statement of Cash Flows</font></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">57</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><a href="#Notes_to_the_Consolidated_Financial_Stat"><b><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Notes to the Consolidated Financial Statements</font></b></a></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  1 &#8211; Nature of Operations and Summary of Significant Accounting Policies</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">58</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  2 &#8211; Changes in Accounting Policies</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">70</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  3 &#8211; Business Combinations</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">72</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 4 &#8211;
  Accounts Receivable</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">73</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 5 &#8211; Inventories</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">73</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  6 &#8211; Property, Plant and Equipment</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">74</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 7 &#8211;
  Intangible Assets</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">75</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 8 &#8211; Other Assets</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">76</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  9 &#8211; Accounts Payable and Accrued Liabilities</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">76</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  10 &#8211; Contracts in Progress</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">76</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 11 &#8211; Provisions</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">77</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 12 &#8211; Debt
  Facilities</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">77</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  13 &#8211; Government Participation</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">79</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  14 &#8211; Employee Benefits Obligations</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">80</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  15 &#8211; Deferred Gains and Other Non-Current Liabilities</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">83</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 16 &#8211; Income Taxes</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">84</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  17 &#8211; Share Capital, Earnings per Share and Dividends</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">86</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  18 &#8211; Accumulated Other Comprehensive Income</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">87</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  19 &#8211; Employee Compensation</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">87</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note
  20 &#8211; Impairment of Non-Financial Assets</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">87</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=windowtext face=helvetica,sans-serif style="font-size:9.0pt;text-decoration:none;">Note 21 &#8211; Other
  Gains &#8211; Net</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">88</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 22 &#8211; Finance Expense &#8211;
  Net</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">88</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 23 &#8211; Share-Based
  Payments</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">89</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 24 &#8211; Supplementary Cash
  Flows Information</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">93</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 25 &#8211; Contingencies</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">93</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 26 &#8211; Commitments</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">93</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 27 &#8211; Capital Risk
  Management</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">94</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 28 &#8211; Fair Value of
  Financial Instruments</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">94</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 29 &#8211; Financial Risk
  Management</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">96</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 30 &#8211; Operating Segments
  and Geographic Information</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">100</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 31 &#8211; Related Party
  Relationships</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:9.0pt;">102</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=67% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:9.0pt;">Note 32 &#8211; Related Party Transactions</font></p>
  </td>
 <td valign=bottom width=33% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <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 style="font-size:9.0pt;">104</font></p>
  </td>
 </tr>
</table></div>

<p align=right style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>









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2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| 49</font></font><font face=helvetica,sans-serif style=""></font></p>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 15pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Management&#8217;s Report on Internal Control Over Financial Reporting<A name="Management_s_Report_on_Internal_Control_"></A></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" 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 consolidated financial statements for external reporting purposes in accordance with IFRS, as issued by the International Accounting Standards Board (IASB).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As of March&nbsp;31,&nbsp;2018, 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 by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) on Internal Control &#8211; Integrated Framework (2013 Framework). Based on this assessment, management concluded that the Company&#8217;s internal control over financial reporting as of March&nbsp;31,&nbsp;2018 was effective.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">
<IMG id=Image-Image1.gif border=0 src="x18062711052200.jpg" width=167 height=37><B><FONT lang=EN-CA style="FONT-SIZE: 11pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<IMG id=Image-Image2.gif border=0 src="x18062711052201.jpg" width=187 height=79></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" 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;S. Branco</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" 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; Vice-president, Finance and Chief Financial Officer</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Montreal (Canada)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>May&nbsp;25,&nbsp;2018</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 16pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;</FONT></FONT><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>50 | </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;line-height:120%;">Report of Independent
Registered Public Accounting Firm<a name="Report_of_Independent_Registered_Public_"></a></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">To the Shareholders of CAE
Inc.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;page-break-after:avoid;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Opinions on the consolidated financial
statements and internal control over financial reporting</font></i></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
have audited the accompanying consolidated statement of financial position of
CAE Inc. and its subsidiaries, (together, the company) as of
March&nbsp;31,&nbsp;2018 and March&nbsp;31,&nbsp;2017, and the related
consolidated income statement, consolidated statement of comprehensive income,
changes in equity and cash flows for the years then ended, including the
related notes (collectively referred to as the consolidated financial
statements). We also have audited the company's internal control over financial
reporting as of March&nbsp;31,&nbsp;2018, based on criteria established in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Internal
Control - Integrated Framework</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> (2013) issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO).</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">In
our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of the
company as of March&nbsp;31,&nbsp;2018 and March&nbsp;31,&nbsp;2017, and its
consolidated financial performance and its consolidated cash flows for the
years then ended in conformity with International Financial Reporting Standards
as issued by the International Accounting Standards Board (IFRS). Also in our
opinion, the company maintained, in all material respects, effective internal
control over financial reporting as of March&nbsp;31,&nbsp;2018, based on
criteria established in </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Internal Control - Integrated Framework</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> (2013)
issued by the COSO.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;page-break-after:avoid;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Basis
for opinions</font></i></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
company's management is responsible for these consolidated financial
statements, 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. Our responsibility is to express opinions on the
company&#8217;s consolidated financial statements and on the company's internal
control over financial reporting based on our audits. We are a public
accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the
company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">We
conducted our audits in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audits to obtain reasonable
assurance about whether the consolidated financial statements are free of
material misstatement, whether due to error or fraud, and whether effective
internal control over financial reporting was maintained in all material
respects.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;page-break-after:avoid;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Our audits of the consolidated financial
statements included performing procedures to assess the risks of material
misstatement of the consolidated financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and
disclosures in the consolidated financial statements. Our audits also included
evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the consolidated
financial statements. Our audit of internal control over financial reporting
included obtaining an understanding of internal control over financial
reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on
the assessed risk. Our audits also included performing such other procedures as
we considered necessary in the circumstances. We believe that our audits
provide a reasonable basis for our opinions.</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| 51</font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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</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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Definition
and limitations of internal control over financial reporting

</font></i></b><p style="margin:0in;margin-bottom:12.0pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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 consolidated 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) 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) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of consolidated 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)
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 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;line-height:120%;">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>

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<p style="margin:0in;margin-bottom:.0001pt;"><img border=0 height=57 id="Image-Image3.jpeg" src="x18062711052202.jpg" width=415>&nbsp;</p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-CA style="font-size:10.0pt;line-height:120%;">Montr&#233;al, Canada</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-CA style="font-size:10.0pt;line-height:120%;">May 25, 2018</font></p>

<p style="margin:0in;margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.25in;"><font face="Times New Roman" lang=EN-CA style="font-size:10.0pt;line-height:120%;">We have served as the company's auditor since
1991.</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">_____________________________________________________________________________________________</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">1</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">CPA
auditor, CA, public accountancy Permit No. A119714</font></p>








<p style="margin:0in;margin-bottom:.0001pt;"><a name="Consolidated_Financial_Statements"></a></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">52 | </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report 2018 </font></font><font face=helvetica,sans-serif style=""></font></p>


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Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;line-height:120%;">Consolidated Statement of
Financial Position<a name="Consolidated_Statement_of_Financial_Posi"></a></font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:518.000000pt;">
 <tr style="height:11.0pt;">
  <td colspan=12 valign=bottom width=100% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">As at March&nbsp;31</font></i></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of
  Canadian dollars)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">611.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">504.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accounts receivable</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">568.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">548.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">10</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">401.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">337.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Inventories</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">375.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">416.3</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Prepayments</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">63.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes recoverable</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">40.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">25.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">28</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current assets</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,060.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,919.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,803.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,582.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Intangible assets</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,055.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">944.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment in equity
  accounted investees</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">31</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">244.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">378.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax assets</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">60.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">42.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">28</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other assets</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">482.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">471.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5,719.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5,354.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Liabilities and equity</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">669.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">695.2</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">32.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">43.2</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes payable</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred revenue</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">371.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">266.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">10</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">161.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">191.9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">52.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">51.9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial
  liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">28</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total current liabilities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,320.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,273.9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">39.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">39.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Long-term debt</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,208.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,203.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Royalty obligations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">140.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">138.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Employee benefits obligations</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">200.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">157.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">229.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">217.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred tax liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">208.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">238.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial
  liabilities</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">28</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3,352.6</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3,273.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">633.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">615.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Contributed surplus</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accumulated other
  comprehensive income</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">262.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">193.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Retained earnings</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,381.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,192.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity attributable to equity
  holders of the Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,298.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,020.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">68.4</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">60.2</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total equity</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,366.6</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,081.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total liabilities and equity</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5,719.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5,354.8</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The accompanying notes
form an integral part of these 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;line-height:120%;">&nbsp;</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| 53</font></font><font face=helvetica,sans-serif style=""></font></p>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Consolidated
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;">Consolidated Income
Statement<a name="Consolidated_Income_Statement"></a></font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:524.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March&nbsp;31</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=7 valign=bottom width=21% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars,
  except per share amounts)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Continuing operations</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Revenue</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">30</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,830.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2,704.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Cost of sales</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,953.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1,893.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Gross profit</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">876.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">811.2</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Research and development
  expenses</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">114.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">111.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Selling, general and
  administrative expenses</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">380.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">364.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other gains &#8211; net</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(37.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(12.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">After tax share in profit of
  equity accounted investees</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">30</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(42.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(51.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Restructuring, integration
  and acquisition costs</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">35.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Operating profit</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">461.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">364.7</font></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">22</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">76.2</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">72.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Earnings before income taxes</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">384.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">292.3</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">35.2</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Earnings from continuing operations</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">257.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Loss from discontinued
  operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Attributable to:</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Equity holders of the Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">347.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">251.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Non-controlling interests</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Earnings per share from continuing
  operations</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">attributable to equity holders of the
  Company</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Basic</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.94</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=45% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Diluted</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.29</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.93</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=right style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The accompanying notes
form an integral part of these Consolidated Financial Statements.</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font></font><font face=helvetica,sans-serif style=""></font></p>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Consolidated
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;line-height:120%;">Consolidated
Statement of Comprehensive Income<a name="Consolidated_Statement_of_Comprehensive_"></a></font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:535.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Years ended March&nbsp;31</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=7 valign=bottom width=20% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net income</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">256.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Items that may be reclassified to net
  income</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Foreign currency translation</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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 colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">statements of foreign
  operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">75.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net gain (loss) on certain
  long-term debts denominated in foreign</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">currency designated as hedges
  of net investments in foreign operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(12.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Reclassification to income</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(4.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">80.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(31.8</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net change in cash flow hedges</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Effective portion of changes
  in fair value of derivatives</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">designated as cash flow
  hedges</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:7.5pt;">Reclassification to income<sup> (1)(2)</sup></font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(4.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">11.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net change in available-for-sale
  financial instruments</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net change in fair value of
  available-for-sale financial asset</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">28</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Share in the other comprehensive income
  of equity accounted investees</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share in the other comprehensive
  income of equity accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(6.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Reclassification to income</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(15.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(12.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(6.7</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Items that are never reclassified to net
  income</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan remeasurements</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Defined benefit plan
  remeasurements</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(33.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">18.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">8.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(5.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(24.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.5</font></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Other comprehensive income (loss)</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">43.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(13.9</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">399.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">242.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;Attributable to:</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;Equity holders of the
  Company</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">391.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">238.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;Non-controlling
  interests</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">4.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">399.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">242.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td colspan=3 valign=bottom width=59% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Total comprehensive income (loss)
  attributable to equity holders of the Company:</font></b></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;Continuing operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">391.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">238.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;Discontinued operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(0.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=52% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">391.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">238.0</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;margin-right:0in;margin-top:2.0pt;text-align:justify;text-indent:-13.5pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">(1)</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#160; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">Fiscal
2018 includes net gain of $1.0 million reclassified to revenue (2017 &#8211; net
losses of $17.9 million), net gain of $2.6 million reclassified to finance
expense&nbsp;&#8211; net (2017 &#8211; net gain of $3.0 million) and net losses of $2.5
million reclassified to other gains - net (2017 - net gain of $1.3 million).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:13.5pt;text-align:justify;text-indent:-13.5pt;"><sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">(2)</font></sup><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#160; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:7.0pt;line-height:120%;">An
estimated net amount of $5.0 million of losses is expected to be reclassified
from other comprehensive income during the next&nbsp;12 months. Future
fluctuation in market rate (foreign exchange rate or interest rate) will impact
the amount expected to be reclassified.</font></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:120%;">&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;line-height:120%;">The
accompanying notes form an integral part of these Consolidated Financial
Statements.</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| 55</font></font><font face=helvetica,sans-serif style=""></font></p>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

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<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 15pt" face=helvetica,sans-serif>Consolidated Statement of Changes in Equity<A name="Consolidated_Statement_of_Changes_in_Equ"></A></FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 710pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 13pt">

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   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="55%" colSpan=22>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Attributable to equity holders of the Company</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=6>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Common shares</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated other</FONT></P></TD>

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   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(amounts in millions of Canadian dollars,</FONT></I></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Number of</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Stated</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contributed</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>comprehensive</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Retained</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>controlling</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>except number of shares)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Notes</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>shares</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>value</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>surplus</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>income (Note 18)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>earnings</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>interests</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>equity</FONT></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balances at April 1, 2016</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>269,634,816</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>601.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>220.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,048.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,888.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,940.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net income</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>251.5</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>251.5</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.1</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>256.6</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other comprehensive (loss) income:</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign currency translation</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.4</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.4</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.8</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net change in cash flow hedges</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.3</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net change in available-for-sale financial instruments</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(6.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Defined benefit plan remeasurements</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>13.5</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>13.5</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>13.5</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total comprehensive (loss) income</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(27.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>265.0</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>238.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>4.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>242.7</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Stock options exercised</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,029,725</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.6</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Optional cash purchase</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,563</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Common shares repurchased and cancelled</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(36.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(41.7</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.7</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions to non-controlling interests</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Stock dividends</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(80.6</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balances at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>268,397,224</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>615.4</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.4</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>193.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,192.3</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,020.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.2</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1.5pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,081.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net income</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>347.0</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>347.0</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.7</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>355.7</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other comprehensive income (loss):</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

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<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign currency translation</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>81.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>81.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.5</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net change in cash flow hedges</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defined benefit plan remeasurements</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(24.1</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>322.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>399.0</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23</FONT></P></TD>

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,246,575</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.7</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Optional cash purchase</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,967</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="23%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Common shares repurchased and cancelled</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2,081,200</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.9</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(39.9</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(44.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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<TR style="HEIGHT: 10pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Dividends to non-controlling interests</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Stock dividends</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash dividends</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(89.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(89.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(89.9</FONT></P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balances at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>267,738,530</FONT></B></P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>633.2</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.3</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>262.3</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,381.4</FONT></B></P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,298.2</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.4</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

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   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,366.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The accompanying notes form an integral part of these Consolidated Financial Statements.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;</FONT></FONT><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>56 | </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Consolidated
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:15.0pt;line-height:120%;">Consolidated
Statement of Cash Flows<a name="Consolidated_Statement_of_Cash_Flows"></a></font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><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;margin-left:3.0pt;width:530.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font color=black face=helvetica,sans-serif style="font-size:8.0pt;">Years ended March&nbsp;31</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><i><font face=helvetica,sans-serif style="font-size:7.5pt;">(amounts in millions of Canadian dollars)</font></i></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Notes</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Operating activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Earnings from continuing
  operations</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">355.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">257.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Adjustments for:</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">120.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">122.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization of intangible
  and other assets</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">78.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">89.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">After tax share in profit of
  equity accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(42.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(51.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Deferred income taxes</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(35.7</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">26.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Investment tax credits</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(18.2</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Share-based compensation</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">23.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29.2</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">9.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amortization of other
  non-current liabilities</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(67.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Derivative financial assets
  and liabilities &#8211; net</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Gain on disposal of interest
  in investment</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(14.3</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Remeasurement of investment,
  net of reorganization and other costs</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">24.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">24</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(43.1</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">29.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net cash provided by operating activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">403.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">464.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Investing activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">3</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(124.4</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(5.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net proceeds from disposal of
  interests in investment</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">21</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">117.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">&#8212;</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(173.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(222.9</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from disposal of
  property, plant and equipment</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">27.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Capitalized development costs</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(32.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(37.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(14.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(13.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Net payments to equity
  accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(11.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(10.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends received from
  equity accounted investees</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">16.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">7.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net cash used in investing activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(169.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(259.2</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Financing activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from borrowing under
  revolving unsecured credit facilities</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">106.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">667.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Repayment of borrowing under
  revolving unsecured credit facilities</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(106.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(667.5</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Proceeds from long-term debt</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">37.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">50.9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(98.8</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><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="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(25.0</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(24.3</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Dividends paid</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(89.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(80.6</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Common stock issuance</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">12.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Repurchase of common shares</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=top width=2% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(44.8</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(41.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(2.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net cash used in financing activities</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(142.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(181.1</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Effect of foreign exchange rate
  changes on cash</font></b></p>
  <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-indent:4.5pt;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">and cash
  equivalents</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.0</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(4.9</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Net increase in cash and cash equivalents</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">106.8</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">19.1</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents, beginning of
  period</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">504.7</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">485.6</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif style="font-size:7.5pt;">Cash and cash equivalents, end of period</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">611.5</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">504.7</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Supplemental information:</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest paid</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">56.0</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">58.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=48% style="height:11.0pt;padding:0in 2.0pt 0in 9.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Interest received</font></p>
  </td>
 <td colspan=2 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The accompanying notes
form an integral part of these Consolidated Financial Statements.</font></p>








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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| 57</font></font><font face=helvetica,sans-serif style=""></font></p>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 15pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Notes to the Consolidated Financial Statements<A name="Notes_to_the_Consolidated_Financial_Stat"></A></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(Unless otherwise stated, all tabular amounts are in millions of Canadian dollars)</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The consolidated financial statements were authorized for issue by the board of directors on May 25, 2018.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 1 &#8211; NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Nature of operations</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Inc. and its subsidiaries (or the Company) design, manufacture and supply simulation equipment, provide training, and develop integrated training solutions for defence and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers and for healthcare education and service providers. 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 a database of airports, other landing areas, flying environments, mission-specific environments, and motion and sound cues. 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 with locations around the world.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s operations are managed through three segments:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)&nbsp;&nbsp;&nbsp; Civil Aviation Training Solutions &#8211; Provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(ii)&nbsp;&nbsp; Defence and Security &#8211; Is a training systems integrator for defence forces across the air, land and naval domains, and for government organizations responsible for public safety;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(iii) &nbsp; Healthcare &#8211; Designs and manufactures simulators, audiovisual and simulation centre management solutions, develops courseware and offers services for training of medical, nursing and allied healthcare students as well as medical practitioners worldwide.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE is a limited liability company incorporated and domiciled in Canada. The address of the main office is 8585 C&#244;te-de-Liesse,&nbsp;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: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Basis of preparation</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The consolidated financial statements have been prepared in accordance with Part I of the CPA Canada Handbook &#8211; Accounting and International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The consolidated financial statements have been prepared under the historical cost convention, except for the following items measured at fair value: contingent consideration, derivative financial instruments, financial instruments at fair value through profit and loss,&nbsp;available-for-sale financial assets and liabilities for cash-settled share-based arrangements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The functional and presentation currency of CAE Inc. is the Canadian dollar.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Basis of consolidation</FONT></B></P>

<P style="MARGIN: 0in 0in 3pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Subsidiaries</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Subsidiaries are all entities over which the Company has control. Control exists when the Company is exposed to, or has the rights to, variable returns from its involvement with the entity and has the ability to affect those returns through the power over the entity. Subsidiaries are fully consolidated from the date control is obtained and they are no longer consolidated on the date control ceases. All intercompany accounts and transactions have been eliminated.</FONT></P>

<P style="MARGIN: 0in 0in 1pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Joint arrangements</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Joint arrangements are arrangements in which the Company exercises joint control as established by contracts requiring unanimous consent for decisions about the activities that significantly affect the arrangement&#8217;s returns. When the Company has the rights to the net assets of the arrangement, the arrangement is classified as a joint venture and is accounted for using the equity method. When the Company has rights to the assets and obligations for the liabilities relating to an arrangement, the arrangement is classified as a joint operation and the Company accounts for each of its assets, liabilities and transactions, including its share of those held or incurred jointly, in relation to the joint operation.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Under the equity method of accounting, interests in joint ventures are initially recognized at cost and adjusted thereafter to recognize the Company&#8217;s share of the profits or losses and movements in other comprehensive income (loss) (OCI) of the investee. When the Company&#8217;s share of losses in a joint venture equals or exceeds its interests in the joint ventures, the Company does not recognize further losses, unless it will incur obligations or make payments on behalf of the joint ventures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>57</FONT></FONT><FONT face=helvetica,sans-serif><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Unrealized gains resulting from transactions with joint ventures are eliminated, to the extent of the Company&#8217;s share in the joint venture. For sales of products or services from the Company to its joint ventures, the elimination of unrealized profits is considered in the carrying value of the investment in equity accounted investees in the consolidated statement of financial position and in the share in profit or loss of equity accounted investees in the consolidated income statement.</FONT></P>

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<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Business combinations</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Contingent consideration classified as a long-term liability 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>New information obtained during the measurement period, up to 12 months following the acquisition date, about facts and circumstances existing at the acquisition date affect the acquisition accounting.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Non-controlling interests</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 0in 3pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial instruments and hedging relationships</FONT></B></P>

<P style="MARGIN: 0in 0in 3pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial instruments</FONT></I></B></P>

<P style="MARGIN: 0in 0in 3pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial assets and financial liabilities</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 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. 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.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Subsequent measurement of the financial instruments is based on their classification as described below. 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 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Financial instruments at fair value through profit and loss</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Is a derivative, including embedded derivatives accounted for separately from the host contract, but excluding those derivatives&nbsp;designated as effective hedging instruments;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Has been acquired or incurred principally for the purpose of selling or repurchasing in the near future;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Is part of a portfolio of financial instruments that are managed together and for which there is evidence of a recent actual pattern of&nbsp;short-term profit-taking; or</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Has been irrevocably designated as such by the Company (fair value option).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Cash and cash equivalents, restricted cash, contingent consideration assumed in a business combination and all derivative instruments, except for derivatives designated as effective hedging instruments, are classified at FVTPL.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Embedded derivatives are recorded at FVTPL separately from the host contract when their economic characteristics and risks are not clearly and closely related to those of the host contract.</FONT></P>

<P style="MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="DISPLAY: none" face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>58</FONT></FONT><FONT face=helvetica,sans-serif><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> | </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes
to the Consolidated Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Loans and receivables</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;line-height:120%;">Loans
and receivables are carried at amortized cost using the effective interest
method. Interest income or expense is included in income in the period as
incurred. Accounts receivable, 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
at FVTPL.</font></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:120%;">&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;line-height:120%;">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 amortized 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:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Available-for-sale</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;line-height:120%;">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. The portfolio investments are classified as available-for-sale.</font></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:120%;">&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;line-height:120%;">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 for non-monetary financial assets, are recognized in OCI in the
period in which the changes arise and are transferred to income when the assets
are derecognized or impairment occurs. Objective evidence of impairment of an
equity investment includes a significant or prolonged decline in the fair value
of the security below its cost. 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:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Other
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;line-height:120%;">Other
financial liabilities are carried at amortized cost using the effective
interest method. Accounts payable and accrued liabilities and long-term debt,
including interest payable, as well as finance lease obligations and royalty
obligations are classified as other financial liabilities.</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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">Transaction
costs that are directly related to the acquisition or issuance of financial
assets and financial liabilities (other than those classified at FVTPL) are
included in the fair value initially recognized for those financial instruments.
These costs are amortized to income 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Fair
value hierarchy transfers</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;line-height:120%;">For
financial instruments that are recognized at fair value on a recurring basis,
the Company determines whether transfers have occurred between levels in the
fair value hierarchy. The assessment is based on the lowest level input that is
significant to the fair value measurement as a whole at the end of each period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Derivative
financial instruments and hedge accounting</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;line-height:120%;">Derivative
financial instruments offering economic hedging without being eligible for
hedge accounting are accounted for at FVTPL.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">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>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">59</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes to the Consolidated
Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


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<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">The
Company has designated certain long-term debts as a hedging item 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 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;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Derecognition</font></i></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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:0in;margin-bottom:2.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
rights to receive cash flows from the asset have expired;</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;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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: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;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">The
Company is involved in a program in which it sells interests in certain of its
accounts receivable. The Company continues to act as a collection agent. Under
the program the Company transfers some significant risks and rewards of the
accounts receivable it sells and retains others. The accounts receivable are
derecognized up to an amount corresponding to the extent of the Company's
continuing involvement, which represents its maximum retained exposure.</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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">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:3.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Foreign
currency translation</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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:9.0pt;line-height:120%;">A</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">ssets
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. Revenue and expenses
are translated at the average exchange rates. The resulting translation
adjustments are included in OCI.</font></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:120%;">&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;line-height:120%;">When
a Company has a long-term intercompany balance receivable from or payable to a
foreign operation for which settlement is not planned in the foreseeable
future, such item is considered, in substance, a part of the Company&#8217;s net
investment in that foreign operation. Gains or losses arising from the
translation of those intercompany balances denominated in foreign currencies
are also included in OCI.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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,
except when deferred in OCI as qualifying cash flow hedges and qualifying net
investment hedges.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:3.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">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 generate revenue. 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:3.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">60</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"> | </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report 2018 </font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


</DIV>
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<a name="_bclHeader68"></a><DIV>


<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes
to the Consolidated Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Property, plant and equipment

</font></b><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:120%;">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, such as updates on training devices, are included
in the asset&#8217;s carrying amount or recognized as a separate asset only when it
is probable that future economic benefits will flow to the Company and the cost
of the item can be reliably measured; otherwise, they are expensed.</font></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:120%;">&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;line-height:120%;">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. The costs of day-to-day servicing of
property, plant and equipment are recognized in income as incurred. 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;line-height:120%;">&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;line-height:120%;">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:7.0pt;"><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;margin-left:3.0pt;width:515.000000pt;">
 <tr style="height:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Method</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid #5a5a5a 1.0pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Amortization
  rate/period</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Buildings and improvements</font></p>
  </td>
 <td valign=bottom width=35% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Straight-line</font></p>
  </td>
 <td valign=bottom width=26% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">2.5 to
  10%/3 to 40 years</font></p>
  </td>
 </tr>
<tr style="height:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Simulators</font></p>
  </td>
 <td valign=bottom width=35% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Straight-line (10%
  residual)</font></p>
  </td>
 <td valign=bottom width=26% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Machinery and equipment</font></p>
  </td>
 <td valign=bottom width=35% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Declining
  balance/Straight-line</font></p>
  </td>
 <td valign=bottom width=26% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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:13.0pt;">
  <td valign=bottom width=39% style="height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Aircraft</font></p>
  </td>
 <td valign=bottom width=35% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Straight-line
  (residual not exceeding 15%)</font></p>
  </td>
 <td valign=bottom width=26% style="height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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:13.0pt;">
  <td valign=bottom width=39% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Aircraft engines</font></p>
  </td>
 <td valign=bottom width=35% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <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 style="font-size:8.5pt;">Based on utilization</font></p>
  </td>
 <td valign=bottom width=26% style="border-bottom:solid #777777 2.25pt;height:13.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:8.5pt;">Not exceeding 3,500
  hours</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Depreciation
methods, useful lives and residual values are reviewed and adjusted, if
appropriate, on a prospective basis at each reporting date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">The
Company leases certain property, plant and equipment from and to others. Leases
in which substantially all the risks and rewards of ownership are transferred
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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">With
regards to finance leases, the asset is derecognized at the commencement of the
lease. The net present value of the minimum lease payments and any discounted
unguaranteed residual value are recognized as non</font><font face="Times New Roman" lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8209;</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">current receivables. Finance income is
recognized over the term of the lease based on the effective interest method.
Income from operating leases is recognized on a straight-line basis over the
term of the corresponding 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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. Finance
expense is recognized over the term of the lease based on the effective
interest method. Payments made under operating leases are charged to income on
a straight-line basis over the term 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">The
Company engages in sales and leaseback transactions as part of the Company&#8217;s
financing strategy to support investment in the Civil Aviation training
Solutions and Defence and Security segments. 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 in
income. If the sales price is below fair value, the shortfall is recognized in
income immediately except 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 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:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">61</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes to the Consolidated
Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Intangible assets

</font></b><p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Goodwill</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Goodwill is measured at
cost less accumulated impairment losses, if any.</font></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:120%;">&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;line-height:120%;">Goodwill
arises on the acquisition of subsidiaries. Goodwill represents the excess of
the aggregate of the cost of an acquisition, including the Company&#8217;s best
estimate of the fair value of contingent consideration and the acquisition-date
fair value of any previous held equity interest in the acquiree, over the fair
value of the net identifiable assets of the acquiree 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;line-height:120%;">&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;line-height:120%;">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:9.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">Intangible Assets</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">. 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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.</font></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:120%;">&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;line-height:120%;">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.</font></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:120%;">&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;line-height:120%;">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=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Amortization</font></i></b></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;">Amortization is calculated using the straight-line
method for all intangible assets over their estimated useful lives as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:512.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=73% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Amortization
  period</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">(in years)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Capitalized development costs</font></p>
  </td>
 <td valign=bottom width=27% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">5 to 10</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Customer relationships</font></p>
  </td>
 <td valign=bottom width=27% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">3 to 20</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">ERP and other software</font></p>
  </td>
 <td valign=bottom width=27% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">3 to 10</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Technology</font></p>
  </td>
 <td valign=bottom width=27% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">3 to 10</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=73% style="border-bottom:solid #777777 2.25pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:1.5pt;"><font face=helvetica,sans-serif style="font-size:8.5pt;">Other
  intangible assets</font></p>
  </td>
 <td valign=bottom width=27% style="border-bottom:solid #777777 2.25pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:1.5pt;text-align:right;"><font face=helvetica,sans-serif style="font-size:8.5pt;">2 to 40</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Amortization methods and
useful lives are reviewed and adjusted, if appropriate, on a prospective basis
at each reporting date.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;page-break-after:avoid;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">The
carrying amounts of the Company&#8217;s non-financial assets subject to amortization
are tested for impairment whenever events or changes in circumstances indicate
that the carrying amount may not be recoverable. Goodwill and assets 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;line-height:120%;">&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;line-height:120%;">The
recoverable amount of an asset or a cash-generating unit (CGU) is the greater
of its value in use and its fair value less costs of disposal. 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;line-height:120%;">&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;line-height:120%;">For
the purposes of impairment testing, the goodwill acquired in a business
combination is allocated to CGUs or groups of 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;line-height:120%;">&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;line-height:120%;">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.</font></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:120%;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">62</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"> | </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report 2018 </font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></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="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes
to the Consolidated Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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 style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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 takes a substantial period of time to get ready for its
intended use. Capitalization of borrowing costs ceases when the asset is
completed and ready for its intended use. All other borrowing costs are
recognized as finance expense in income, as incurred.</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">Other
assets</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">Provisions
are recognized when the Company has a present 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:9.0pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">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
drawdown 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">When
share capital recognized as equity is repurchased, the amount of the
consideration paid, which includes directly attributable costs, net of tax, is
recognized as a deduction from 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">Revenue
is measured at the fair value of the consideration received or receivable.
Revenue is recognized when the amount can be reliably measured, when it is
probable that future economic benefits will flow to the Company and when
specific criteria have been met for each of the categories, as described below.</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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">The
Company sometimes enters into multiple component revenue arrangements, which
may include a combination of design, engineering and manufacturing of flight
simulators and other products, as well as the provision of training services,
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 reliably measured.</font></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:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">63</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes to the Consolidated
Financial Statements</font></font><font face=helvetica,sans-serif style=""></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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">The
Company's revenues can be divided into two main accounting categories:
construction contracts and sales of goods 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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">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 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;line-height:120%;">&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;line-height:120%;">Revenue
from&nbsp;construction contracts for the design, engineering and manufacturing
of specifically designed&nbsp;training devices&nbsp;is recognized using the
percentage-of-completion method when it is probable that the economic benefits
associated with the contract will flow to the Company, the revenue, contract
costs to complete and the stage of contract completion at the end of the
reporting period can be reliably measured and when the contract costs can be
clearly identified and reliably measured so that actual contract costs incurred
can be compared with prior estimates. The stage of completion is measured by
reference to the contract costs incurred up to the end of the reporting period
as a percentage of total estimated costs for each contract. When the criteria
to use the percentage-of-completion method are not met, construction contract
revenue is recognized to the extent of the contract costs incurred that are
likely to be recoverable.</font></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:120%;">&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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">The
cumulative amount of costs incurred and profit recognized, reduced by losses
and progress billing, is determined on a contract-by-contract basis.&nbsp;If
this amount is positive it is classified in contracts in progress:
assets.&nbsp;If this amount is&nbsp;negative&nbsp;it is classified in 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;line-height:120%;">&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;line-height:120%;">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;line-height:120%;">&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;line-height:120%;">Sales
of goods and services</font></i></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Standardized
training devices</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;line-height:120%;">Revenue
from contracts for the construction of standardized training devices is
recognized primarily on the training devices&#8217; date of completion when the
significant risks and rewards of ownership associated to the training devices
are transferred to the customer and the Company retains neither continuing
managerial involvement to the degree usually associated with ownership nor
effective control over the training devices sold.</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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Software
arrangements</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;line-height:120%;">Revenue
from off-the-shelf&nbsp;software&nbsp;sales&nbsp;is recognized when delivery
has occurred. Revenue from fixed-price software arrangements and software
customization contracts that require significant production, modification, or
customization of software&nbsp;is recognized using the percentage-of-completion
method.</font></p>

<p style="margin:0in;margin-bottom:1.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">Revenue
from the sale of spare parts is primarily recognized upon shipment to the
customer. Upon shipment, the significant risks and rewards of ownership of the
goods are transferred and the Company retains neither continuing managerial
involvement to the degree usually associated with ownership nor effective control
over the goods 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">Revenue
from maintenance contracts is generally recognized on the basis of the
percentage-of-completion of the transaction.</font></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:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">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;line-height:120%;">Revenue
from training and consulting services is recognized as the services are
rendered.</font></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:120%;">&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;line-height:120%;">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 flight hours.</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;line-height:120%;">&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;line-height:120%;">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:8.5pt;line-height:120%;">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;line-height:120%;">The
Company may provide sales incentives in the form of discounts and volume
rebates, these incentives are recorded as a reduction of revenues.</font></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:120%;">&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:8.5pt;line-height:120%;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:2.0pt;text-align:justify;"><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></i></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">64</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"> | </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report 2018 </font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Non-monetary transactions</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Deferred revenue</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Cash payments received or advances currently due pursuant to contractual arrangements, with the exception of those related to construction contracts, are recorded as deferred revenue until all of the foregoing conditions of revenue recognition have been met.</FONT></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Employee benefits</FONT></B></P>

<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Defined benefit pension plans</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company maintains defined benefit pension plans that provide benefits based on length of service and final average earnings.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The defined benefit asset or liability comprises the present value of the defined benefit obligation at the reporting date less the fair value of plan assets out of which the obligations are to be settled. The defined benefit obligations are actuarially determined for each plan using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using the interest rate of high-quality corporate bonds that are denominated in the currency in which the benefit will be paid and that have terms to maturity approximating the terms of the related pension obligation. In countries where there is no deep market in such bonds, the market rates on government bonds are used.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The value of any employee benefit asset recognized is restricted to 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 that they require paying contributions to cover an existing shortfall. Plan assets can only be used to fund employee benefits, 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.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company determines the net pension cost of its Canadian defined benefit plans utilizing individual discount rates derived from the yield curve. For the other defined benefit plans, the Company utilises a single weighted average discount rate derived from the yield curve.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 as incurred at the earlier of when the plan amendment or curtailment occurs and when the entity recognizes related termination benefits.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Defined contribution pension plans</FONT></I></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. The Company has no legal or constructive obligation to pay further amounts if the fund does not hold sufficient assets to pay the benefits to all employees. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in income as the services are provided.</FONT></P>

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<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Termination benefits</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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>

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<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Share-based payment transactions</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>T</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>he Company&#8217;s share-based payment plans consist of two categories: an equity-settled share-based payment plan comprised of the Employee Stock Option Plan (ESOP); and cash-settled share-based payments plans that include the Employee Stock Purchase Plan (ESPP), the Executive Deferred Share Unit (EDSU) plan, the Deferred Share Unit (DSU) plan, the Long-Term Incentive Time Based plans and the Long-Term Incentive Performance Based plans. The Long-Term Incentive &#8211; Deferred Share Unit (LTI-DSU) plan and the&nbsp;Long-Term Incentive &#8211; Time Based Restricted Share Unit (LTI-TB RSU) plan are time based plans while the Long-Term Incentive &#8211; Restricted Share Unit (LTI-RSU) plan and the Long-Term Incentive &#8211; Performance Share Unit (LTI-PSU) plan are performance based plans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the equity-settled plan, 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 contributed surplus. 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. When the options are exercised, the Company issues new shares and the proceeds received net of any directly attributable transaction costs are credited to share capital.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>65</FONT></FONT><FONT face=helvetica,sans-serif><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 two major Canadian financial institutions in order to reduce its earnings exposure related to the fluctuation in the Company&#8217;s share price relating to the EDSU, DSU, LTI-DSU and&nbsp;LTI-TB&nbsp;RSU programs. </FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Current and deferred income tax</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Income tax expense comprises current and deferred tax. An income tax expense is recognized in income except to the extent that it relates to items recognized in OCI or directly in equity, in which case it is recognized in OCI or directly in equity, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Current tax is the amount expected to be paid or recovered from taxation authorities on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date in the countries where the Company and its subsidiaries operate and generate taxable income, and any adjustment to tax payable or receivable in respect of previous years.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 amounts in the consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 probable to be realized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that a recognized deferred tax asset will be realized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that an unrecognized deferred tax asset will be realized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 if their tax assets and liabilities will be realized simultaneously.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Taxes on income in the interim periods are accrued by jurisdiction using the effective tax rate that would be applicable to expected total annual profit or loss of the jurisdiction.</FONT></P>

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<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Investment tax credits</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. Investment tax credits expected to be recovered beyond 12 months are classified in Other assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Earnings per share</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. Only the Company&#8217;s stock options have a dilutive potential on common shares.</FONT></P>

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<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Government participation</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Government contributions are recognized when there is reasonable assurance that the contributions will be received and all attached conditions will be complied with by the Company. Government participation related to the acquisition of intangible assets is recorded as a reduction of the cost of the related asset while government participation related to current expenses is recorded as a reduction of the related expenses.</FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="DISPLAY: none" face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>66</FONT></FONT><FONT face=helvetica,sans-serif><FONT style="DISPLAY: none"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> | </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes
to the Consolidated Financial Statements</font></font><font face=helvetica,sans-serif style=""></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;line-height:120%;">The Company benefits from investment tax credits that
are deemed to be equivalent to government contributions. 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.</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">Project
New Core Markets and Project Phoenix require the Company to pay royalties. The
obligation to pay royalties, recognized as royalty obligations, 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 current portion is included as part of accrued liabilities. The
difference between government contributions and the discounted value of royalty
obligations is accounted for as a government participation which is recognized
as a reduction of related expenses or as a reduction of the cost of the related
asset.</font></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:120%;">&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;line-height:120%;">The
Company recognizes the Government of Canada&#8217;s participation in Project Falcon
and Project Innovate as interest-bearing long-term debt. The initial
measurement of the accounting liability 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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.5pt;line-height:120%;">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;line-height:120%;">The
preparation of the consolidated financial statements requires the Company&#8217;s
management (management) to make judgements, estimates and assumptions that
affect the application of accounting policies, the reported amounts of assets
and liabilities and disclosures 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 high degree
of judgement or complexity, or areas where assumptions 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>

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<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">Business
combinations are accounted for in accordance with the acquisition method. The
consideration transferred and 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 the discount rate. Contingent consideration is measured at
fair value using a discounted cash flow model.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">The
Company&#8217;s impairment test for goodwill is based on internal estimates of fair
value less costs of disposal calculations and uses valuation models such as the
discounted cash flows model (level 3). Key assumptions which management has
based its determination of fair value less costs of disposal include estimated
growth rates, post-tax discount rates and tax rates. 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;line-height:120%;">&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;line-height:120%;">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:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">See
Note 20 for further details regarding assumptions used.</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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 revenue and margins recognized, on a
contract-by-contract basis. The impact of any revisions in cost and revenue
estimates is reflected in the period in which the need for a revision becomes
known.</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;line-height:120%;">&nbsp;</font></p>


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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report
2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">67</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes to the Consolidated
Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Defined
benefit pension plans

</font></i></b><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:120%;">The
cost of defined benefit pension plans and the present value of the employee
benefit obligations are determined using actuarial valuations. Actuarial
valuations involve, amongst others, making assumptions about discount rates,
future salary increases and mortality rates. All assumptions are reviewed at
each reporting date. Any changes in these assumptions will impact the carrying
amount of the employee benefit obligations and the cost of the defined benefit
pension plans. In determining the appropriate discount rate, management
considers the interest rates of high quality corporate bonds that are
denominated in the currency in which the benefits will be paid, 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. Individual discount rates are
derived from the yield curve and are used to determine the service cost and
interest cost of the Canadian defined benefit pension plans at the beginning of
the year. The present value of the employee benefit obligations for these
Canadian plans is determined based on the individual discount rates derived
from the yield curve at the end of the year.</font></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:120%;">&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;line-height:120%;">Other
key assumptions for pension obligations are based, in part, on current market conditions.
See Note 14 for further details regarding assumptions 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Government
royalty 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;line-height:120%;">In
determining the amount of repayable government royalties, assumptions and
estimates are made in relation to discount rates, expected revenues and the expected
timing of revenues. 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, ranging from 6%
to 15%, over the period of repayments. The estimated repayments are discounted
using average rates ranging from 6% to 10% 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 participation.&#160; A 1%
increase to the growth rates would increase the royalty obligation at
March&nbsp;31,&nbsp;2018 by approximately $4.0 million (2017 &#8722; $4.4
million).</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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
depends 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:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">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;line-height:120%;">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 involves uncertainties in the
interpretation of complex tax regulations. The Company provides for potential
tax liabilities based on the weighted average probability 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;line-height:120%;">&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;line-height:120%;">Deferred
tax assets are recognized to the extent that it is probable that taxable profit
will be available against the losses that can be utilized. 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 utilize 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;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Leases</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;line-height:120%;">The
classification as either finance or operating lease is based on management&#8217;s
judgement of the application of criteria provided in IAS&nbsp;17 &#8211; </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Leases</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
and on the substance of the lease arrangement. Most of the Company&#8217;s
arrangements accounted for as operating leases are in relation to buildings and
flight simulators. With regards to certain aircraft used in the Company&#8217;s live
training operations, management has concluded that the undiscounted lease
rental payments in the amount of $119.4 million (2017 - $192.3 million)
associated with the lease convention to these aircraft should be accounted for
as an off balance sheet arrangement as it is offset by a reciprocal arrangement
with a third party and is non-recourse to CAE. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">68</font></font><font face=helvetica,sans-serif style=""><font style="display:none;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"></font></font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;"> | </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">CAE Financial report 2018 </font></font><font face=helvetica,sans-serif style=""></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">&nbsp;</font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes to the Consolidated
Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#5f5f5f face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">NOTE 2 &#8211; CHANGES IN ACCOUNTING POLICIES</font></b></p>

<p style="margin:0in;margin-bottom:2.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">New
and amended standards not yet</font></b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;"> </font><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">adopted by the Company</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:9.0pt;line-height:120%;">IFRS
9 - 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;line-height:120%;">In
July 2014, the IASB released the final version of IFRS 9 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Financial
Instruments </font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">replacing IAS 39 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Financial Instruments: Recognition and
Measurement</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">.</font></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:120%;">&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;line-height:120%;">IFRS
9 introduces a revised approach for the classification of financial assets
based on how an entity manages financial assets and the characteristics of the
contractual cash flows of the financial assets replacing the multiple rules in
IAS 39. Most of the requirements in IAS&nbsp;39 for classification and
measurement of financial liabilities have been carried forward in IFRS 9. IFRS
9 also introduces a new hedge accounting model that is more closely aligned with
risk-management objectives as well as a new expected credit loss model for
calculating impairment on financial assets replacing the incurred loss model in
IAS 39.</font></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:120%;">&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;line-height:120%;">For
the Company, IFRS 9 is effective for the fiscal period beginning on April 1,
2018. The Company has completed its assessment and has concluded that the
adoption of this standard has no impact 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:9.0pt;line-height:120%;">&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:9.0pt;line-height:120%;">IFRS
15 - Revenue from contracts with customers</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;line-height:120%;">In
May 2014, the IASB released IFRS 15 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue from Contracts with Customers</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">,
which supersedes IAS 11 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Construction Contracts</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;"> and IAS 18 - </font><i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue</font></i><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">
and related interpretations. The core principle of the new standard is to
recognize revenue to depict fulfillment of performance obligations to customers
in amounts that reflect the consideration to which the Company expects to be
entitled in exchange for those goods or services. Revenue is recognized when,
or as, the customer obtains control of the goods or services. The new standard
also provides guidance for transactions that were not previously addressed
comprehensively, improves guidance for multiple-element arrangements and
enhances revenue related disclosures.</font></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:120%;">&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;line-height:120%;">For
the Company, IFRS 15 is effective for the fiscal period beginning on April
1,&nbsp;2018. The Company has elected to apply IFRS 15 retrospectively and thus
will restate its 2018 results, with an opening adjustment to equity as at April
1, 2017. The Company has elected to use the following practical expedients:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">No
restatement for contracts that were completed as at, or prior to April 1, 2017;
and</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;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Reflecting
the aggregate effect of modifications to contracts that occurred prior to April
1, 2017 in identifying the satisfied and unsatisfied performance obligations
and in determining the transaction prices to be allocated thereto.</font></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:120%;">&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;line-height:120%;">The
Company has reviewed its revenue contracts to evaluate the effect of the new
standard on its revenue recognition practices. Based on its assessment, the
adoption of the new standard will have the following impacts:</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;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Revenue
recognition for certain performance obligations currently accounted for using
the percentage-of-completion method will no longer meet the requirements for
revenue recognition over time. Revenue for these performance obligations will
instead be recognized&#160; upon completion. As the performance obligations for
these devices are met and manufacturing advances, the costs to build will be
recognized as inventory.&#160; Payments received from customers that were previously
applied as a reduction of the contracts in progress: assets will now need to be
presented as contract liabilities;</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;line-height:120%;">&#8211; </font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">Contracts
in which the Company receives significant payment in advance now require a
portion of the contract consideration to be allocated to a significant
financing component, when certain criteria are met;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&#8211;
</font><font face="times new roman" lang=EN-CA style="font-size:7.0pt;line-height:120%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">A
change in the identification of performance obligations for certain
multiple-element arrangements. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&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;line-height:120%;">&nbsp;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV>
&nbsp; <A name="page_77"></A>

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<a name="_bclHeader77"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following table presents the impact of IFRS 15 on the Company&#8217;s consolidated statement of financial position as at April 1, 2017 and March 31, 2018:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="13%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="31%" colSpan=5>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>As previously reported</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>IFRS 15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>As restated</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>As currently reported</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>IFRS 15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>As restated</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>April 1, 2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>April 1, 2017</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>March 31, 2018</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>March 31, 2018</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Assets</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="13%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total current assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,919.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,965.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="11%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,060.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>62.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,123.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total long-term assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,435.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,432.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,658.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,656.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,354.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>42.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,397.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="11%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,719.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,780.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="13%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total current liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,273.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>137.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,411.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="11%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,320.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>153.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,474.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total long-term liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,999.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(25.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,974.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,032.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(23.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,008.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,273.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>111.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,385.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="11%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,352.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>130.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,482.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Shareholders' Equity</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="13%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 20pt">

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="21%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Equity attributable to equity holders of the Company</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,020.8</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(68.7</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,952.1</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="11%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,298.2</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(69.1</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,229.1</FONT></B></P></TD>

   <TD style="HEIGHT: 20pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-controlling interests</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="12%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="18%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,081.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(68.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,012.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,366.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(69.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,297.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For fiscal 2018, the impact of adopting IFRS 15 is a decrease to revenue of $6.5 million, an increase to operating profit of $1.8 million and an increase to finance expense - net of $1.0 million.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>While these changes will impact the timing of contract revenue and profit recognition, there will be no change to cash flows from the contract.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has updated and is finalizing the implementation of revised procedures and controls in order to meet the requirements of IFRS 15, as well as expanding disclosures which will be required under the new standard in fiscal 2019.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRS 16 - Leases</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In January 2016, the IASB released IFRS 16 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Leases, </FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>which will replace</FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IAS 17 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Leases</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> and related interpretations. The new standard introduces a single lessee accounting model and eliminates the classification of leases as either operating or finance leases. It requires the lessee to recognize a right-of-use asset and a lease obligation for all leases. Lessors will continue to classify leases as operating leases or finance leases as IFRS 16 substantially carries forward the current lessor accounting requirements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the Company, IFRS 16 will be effective for the fiscal period beginning on April 1,&nbsp;2019. The Company is currently evaluating the impact of the new standard on its consolidated financial statements. Where the Company is the lessee for leases that are considered operating leases under IAS 17, the adoption of IFRS 16 is expected to result in the recognition of assets and liabilities on the consolidated statement of financial position.&nbsp; The change to the recognition, measurement and presentation requirements from the adoption of this standard is expected to result in a decrease of the Company&#8217;s operating lease expense and an increase of its finance and depreciation expenses.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>IFRIC 23 - Uncertainty over Income Tax Treatments</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In June 2017, the IASB released IFRIC 23 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Uncertainty over Income Tax Treatments</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>, which addresses how to determine the taxable profit (loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is uncertainty over income tax treatments under&nbsp;IAS&nbsp;12 - </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Income Taxes</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>. It specifically considers whether tax treatments should be considered independently or collectively and assumptions for taxation authorities&#8217; examinations in regards to taxable profit (loss), tax bases, unused tax losses, unused tax credits or tax rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the Company, IFRIC 23 is effective for the fiscal period beginning on April 1, 2019. The Company has completed its assessment and has concluded that the interpretation has no impact on its consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 3 &#8211; BUSINESS COMBINATIONS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Acquisition of a portfolio of training assets</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During the second quarter of fiscal 2018, the Company acquired a portfolio of training assets in North America and Europe from a&nbsp;full-flight simulator leasing business for cash consideration of $24.7 million. With this acquisition, the Company obtained fully operational full-flight simulators and various customer contracts.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The determination of the fair value of the identifiable assets acquired and liabilities assumed are as follows: $24.7 million of property plant and equipment, $4.6 million of goodwill, $1.4 million of non-current assets and $6.0 million of non-current liabilities. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Asian Aviation Centre of Excellence Sdn. Bhd.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>On November 17, 2017, the Company completed the acquisition of the remaining 50% equity interest in Asian Aviation Centre of Excellence Sdn. Bhd. (AACE) from AirAsia, for a cash consideration of $114.8 million [US$90 million] and long-term contingent cash consideration payable of up to US$10 million if certain criteria are met (Note15). </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As a result, the Company&#8217;s interest in AACE increased from 50% to 100%, obtaining control over AACE&#8217;s three training centres located in Malaysia, Singapore and Vietnam, as well as its 50% joint control of Philippine Academy of Aviation Training, a joint venture training centre between AACE and Cebu Pacific, located in the Philippines. With this acquisition, the Company owns a customer installed base of commercial flight simulators and owns assets including full-flight simulators, simulator parts and equipment, facilities and a talented&nbsp; workforce. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Before the transaction, the Company's 50% ownership interest in AACE was accounted for using the equity method. The net gain resulting from the remeasurement to fair value of the previously held interest in AACE was included in Other gains &#8211; Net in the consolidated income statement (Note 21).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The preliminary determination of the fair value of the net assets acquired and liabilities assumed arising from the acquisition are as follows:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>Total</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Current assets<SUP>(1)</SUP></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.2</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current liabilities</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21.3</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>103.0</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Investment in equity accounted investee</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.4</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Intangible assets</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>114.9</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred tax</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.3</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-current liabilities</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.8</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Fair value of net assets acquired, excluding cash and cash equivalents</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>199.1</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash and cash equivalents acquired</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.1</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total purchase consideration</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>214.2</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Fair value of long-term contingent cash consideration payable</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.7</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Settlement of pre-existing relationship</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.9</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Fair value of previously held interest in AACE</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(87.8</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="92%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total cash consideration</FONT></B></P></TD>

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>114.8</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Excluding cash on hand.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of the acquired identifiable intangible assets amount to $114.9 million and mainly consists of customer relationships of $61.6 million and goodwill of $53.0 million (non deductible for tax purposes). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value and the gross contractual amount of the acquired accounts receivable were $14.0 million.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Total acquisition costs incurred during fiscal 2018 relating to AACE were included in Other gains - Net in the consolidated income statement (Note 21).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The goodwill arising from both acquisitions is attributable to the expansion of CAE's customer installed base of commercial flight simulators, market capacity and expected synergies from combining operations.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The net assets acquired, including intangibles, are included in the Civil Aviation Training Solutions segment.</FONT></P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=#777777 face=helvetica,sans-serif style=""><font color=#777777 face=helvetica,sans-serif lang=EN-CA style="font-size:9.0pt;line-height:120%;">Notes
to the Consolidated Financial Statements</font></font><font face=helvetica,sans-serif style=""></font></p>


</DIV>
<p style="margin:0in;margin-bottom:6.0pt;"><b><font color=#5f5f5f face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">NOTE 4 &#8211; 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;line-height:120%;">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;margin-bottom:.0001pt;text-align:justify;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Details of accounts receivable are as
follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:527.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Current trade receivables</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">187.9</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">207.5</font></p>
  </td>
 <td valign=top width=1% style="border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Past due trade receivables</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1-30 days</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">52.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">56.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">31-60 days</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">40.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">14.5</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">61-90 days</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">15.6</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">13.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 15.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Greater than 90 days</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">69.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">56.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Allowance for doubtful
  accounts</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(20.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(14.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total trade receivables</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">345.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">333.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Accrued receivables</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">116.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">105.8</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Receivables from related
  parties (Note 32)</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">39.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">54.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Other receivables</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">67.3</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">54.9</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Total accounts receivable</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">568.4</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">548.4</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">Changes in the allowance for doubtful
accounts are as follows:</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:515.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Allowance for doubtful
  accounts, beginning of year</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(14.5</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(15.7</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Additions</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(13.6</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(6.1</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Amounts charged off</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">6.7</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">5.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Unused amounts reversed</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.5</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">1.4</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Exchange differences</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;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=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;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=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">0.5</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Allowance for doubtful accounts, end of year</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(20.9</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">(14.5</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">)</font></p>
  </td>
 </tr>
</table>

</div>








<p style="margin:0in;margin-bottom:6.0pt;"><b><font face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:120%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:13.0pt;"><b><font color=#5f5f5f face=helvetica,sans-serif lang=EN-CA style="font-size:10.0pt;">NOTE 5 &#8211; INVENTORIES</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:3.0pt;width:516.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Work in progress</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">226.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">270.0</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Raw materials, supplies and
  manufactured products</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">149.1</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">146.3</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">375.3</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">416.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:7.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;">The amount of inventories recognized as
cost of sales is as follows:</font></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:515.000000pt;">
 <tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=8% style="border-bottom:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">2017</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Work in progress</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">204.2</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">141.6</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="height:11.0pt;padding:0in 2.0pt 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">Raw materials, supplies and
  manufactured products</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">106.9</font></b></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=7% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;page-break-after:avoid;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">131.7</font></p>
  </td>
 <td valign=top width=1% style="height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.0pt;">
  <td valign=bottom width=74% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 3.0pt;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><b><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">311.1</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 3.0pt 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">$</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:2.0pt;margin-left:0in;margin-right:0in;margin-top:2.0pt;text-align:right;"><font color=black face=helvetica,sans-serif style="font-size:7.5pt;">273.3</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid #777777 1.5pt;border-top:solid #5a5a5a 1.0pt;height:11.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in;margin-bottom:.0001pt;margin-top:2.0pt;"><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.5pt;line-height:120%;">&nbsp;</font></p>









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2018 </font></font><font face=helvetica,sans-serif style=""><font face=helvetica,sans-serif lang=EN-CA style="font-size:8.0pt;line-height:120%;">| </font></font><font face=helvetica,sans-serif style=""></font></p>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 6 &#8211; PROPERTY, PLANT AND EQUIPMENT</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 533pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Buildings</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Machinery</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Aircraft and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>under</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>aircraft</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>finance</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>under</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 7.5pt" color=white face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Land</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>improvements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Simulators</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>engines</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>lease</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>construction</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31, 2016</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>199.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>925.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>153.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>97.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,473.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>116.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>222.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>38.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposals</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(15.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(68.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(122.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Transfers and others</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>113.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(118.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>196.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,012.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>150.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>96.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,582.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>110.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries (Note 3)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>87.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>127.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposals</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(18.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(20.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(15.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(66.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(18.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(120.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Transfers and others</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>114.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(78.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="25%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>202.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,185.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>121.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>164.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,803.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 533pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Buildings</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Machinery</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Aircraft and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>under</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>aircraft</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>finance</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>under</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Land</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>improvements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Simulators</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>engines</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>lease</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>construction</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>23.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>375.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>1,427.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>218.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>62.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>291.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>96.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,495.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(179.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(414.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(170.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(141.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(912.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>196.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,012.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>150.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>96.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,582.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>401.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,683.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>223.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>64.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>276.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>164.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,837.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="25%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(198.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(498.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(173.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(154.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,033.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="25%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>202.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,185.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>121.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>164.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,803.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the average remaining amortization period for full-flight simulators is 10.6 years (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211; 10.8 years</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, bank borrowings are collateralized by property, plant and equipment for a value of $121.3 million&nbsp;(2017</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $82.2 million).</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company leases some of its property, plant and equipment to third parties, the future minimum lease payments receivable under these non-cancellable operating leases are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>98.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="78%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>153.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>89.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the net book value of simulators leased out to third parties is $114.8 million (2017 &#8211; $56.5 million).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Assets under finance lease, by category, with lease terms ending between April 2018 and October 2036, are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 516pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Simulators</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>207.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>222.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(127.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(117.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>104.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Buildings</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>69.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated depreciation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(23.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="78%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total net book value</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>121.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>150.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 7 &#8211; INTANGIBLE ASSETS</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 530pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Capitalized</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>ERP and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&nbsp;Goodwill</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>development</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Customer</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>intangible</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 7.5pt" color=#ffffff face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;(Note 20)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>relationships</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>software</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Technology</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31, 2016</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>556.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>157.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>70.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>929.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions &#8211; internal development</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions &#8211; acquired separately</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(24.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(69.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Transfers and others</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>560.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>168.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>65.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>944.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions &#8211; internal development</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries (Note 3)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>57.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>61.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>119.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposal and remeasurement of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt 9pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>interest in investment (Note 21)</FONT></P>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.9</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(25.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(20.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(68.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Transfers and others</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="28%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>625.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>154.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>64.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,055.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 530pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Capitalized</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>ERP and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>development</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Customer</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>intangible</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Goodwill</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>relationships</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>software</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Technology</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>560.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>276.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>202.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>171.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,316.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(107.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(96.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(105.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(38.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(23.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(372.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>560.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>168.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>65.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>944.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>625.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>306.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>273.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>186.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>54.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,496.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="28%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accumulated amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(133.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(119.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(121.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(40.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(26.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(440.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" width="28%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>625.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>154.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>64.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,055.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: right; MARGIN: 2pt 0in 0pt" align=right><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the year ended March&nbsp;31,&nbsp;2018, amortization of $41.8 million (2017 &#8211; $44.5 million) has been recorded in cost of sales, $25.0 million (2017 &#8211; $23.2 million) in research and development expenses and $1.5 million (2017 &#8211; $1.4 million) in selling, general and administrative expenses.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the average remaining amortization period for the capitalized development costs is 5.1 years (2017&nbsp;&#8211;&nbsp;5.5 years).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The categories of capitalized development costs and ERP and other software both primarily consist of internally generated intangible assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has no indefinite life intangible assets other than goodwill.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 8 &#8211; OTHER ASSETS</FONT></B></P>

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<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Restricted cash (Note 28)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Prepaid rent to a portfolio investment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>28.5</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Advances to a portfolio investment (Note 28)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>38.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.7</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-current receivables</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>131.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>134.8</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Investment tax credits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>225.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>223.1</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>482.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>471.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The present value of future minimum lease payment receivables, included in the current and non-current receivables is as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross investment in finance lease contracts</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>182.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>185.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: unearned finance income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>71.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: discounted unguaranteed residual values of leased assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of future minimum lease payment receivables</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>104.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>102.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 2pt 0in 0pt" align=center><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Future minimum lease payments from investments in finance lease contracts to be received are as follows:</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 7pt" align=center><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 521pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>future&nbsp;minimum</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>future minimum</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Investment</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>lease payments</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Investment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>lease payments</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>120.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>70.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>127.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>72.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>182.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>104.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>185.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>102.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 9 &#8211; ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 516pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts payable trade</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>306.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>317.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accrued liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>344.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>353.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amount due to related parties (Note 32)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current portion of royalty obligations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>669.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>695.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: right; MARGIN: 2pt 0in 0pt" align=right><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 10 &#8211; CONTRACTS IN PROGRESS</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>401.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>337.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(161.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(191.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: net assets</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>239.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Details of contracts in progress are as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Aggregate amount of costs incurred plus recognized</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>profits (less recognized losses) to date</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,694.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,800.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: progress billings</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,454.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,654.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: net assets</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>239.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Advances received from customers on construction contracts related to work not yet commenced amounts to $15.1 million at March&nbsp;31,&nbsp;2018 (2017 &#8211; $20.2 million). Construction contracts revenue recognized in fiscal 2018 amounts to $851.7 million&nbsp;(2017 &#8211; $983.6 million ).</FONT></P></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclPageBorder83"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader83"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 11 &#8211; PROVISIONS</FONT></B></P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Restoration and</FONT></B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>simulator</FONT></B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>removal</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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, these restoration costs are also capitalized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Restructuring</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Restructuring costs consist mainly of severances and other related costs.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Legal claims</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The amount represents a provision for certain legal claims brought against the Company.&nbsp;The corresponding charge is recognized in income within selling, general and administrative expenses or other gains &#8211; net.&nbsp;Management&#8217;s best estimate is that the outcome of these legal claims will not give rise to any significant loss beyond the amounts provided at March&nbsp;31,&nbsp;2018.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Warranties</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>A provision is recognized for expected warranty claims on products sold based on past experience of the level of repairs and returns.&nbsp;It is expected that most of these costs will be incurred between 1 to 10 years.&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 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Changes in provisions are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Restoration</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>and removal</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Restructuring</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Legal</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Warranties</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total provisions, beginning of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>7.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>21.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>41.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>9.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>82.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amounts used</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(15.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(33.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unused amounts reversed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total provisions, end of year</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>71.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Less: current portion</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Long-term portion</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 12 &#8211; DEBT FACILITIES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 9pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Long-term debt, net of transaction costs is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 7.5pt" color=white face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total recourse debt</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,174.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,192.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total non-recourse debt <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>86.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>62.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total long-term debt</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,260.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,255.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: current portion of long-term debt</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>35.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: current portion of finance leases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,208.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,203.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="100%" colSpan=9>

   <P style="MARGIN: 2pt 0in"><SUP><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>(1)</FONT></SUP><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif> </FONT><FONT style="FONT-SIZE: 7pt" face=helvetica,sans-serif>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></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Details of the recourse debt are as follows:&nbsp; </FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 33pt">

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unsecured senior notes ($125.0 and US$225.0 maturing between December 2019 and December 2027), floating interest rates based on bankers&#8217; acceptances rate plus a spread on $50.0 million and interest rates ranging from 3.59% and 4.15% for remaining $75.0 and US$225.0</FONT></P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>415.0</FONT></B></P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>424.0</FONT></P></TD>

   <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unsecured senior notes of US$60.0 maturing in June 2019 (2017 - US$60.0), interest rate of 7.66% payable semi-annually in June and December</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>75.7</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>77.9</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unsecured 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 style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>193.4</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>199.3</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Obligations under finance lease, with various maturities from April 2018 to October 2036, interest rates from 3.49% to 10.68%</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.4</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.3</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Term loan maturing in June 2018 of US$2.9 and &#163;0.6 (2017 &#8211; US$14.6 and &#163;2.8), combined coupon rate of post-swap debt of 8.01% (2017 &#8211; 7.97%)</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.1</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.6</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>R&amp;D obligation from a government agency maturing in July 2029 (i)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>167.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>160.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>R&amp;D obligation from a government agency maturing in July 2035 (ii)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>132.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>92.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Term loan maturing in January 2020 of &#8364;1.3 (2017 &#8211; &#8364;2.0), floating interest rate of EURIBOR plus a spread</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Term loans, with maturities between October 2020 and December 2021, of US$14.5 (2017 &#8211; US$18.7), average blended rate of 3.31%</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.7</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.9</FONT></P></TD>

   <TD style="HEIGHT: 22pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other debt of US$11.0 maturing March 2024, floating interest of 0.80%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="71%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Term loan maturing in December 2021 of US$4.1, average blended rate of 3.28%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="71%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total recourse debt, net amount</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,174.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,192.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)&nbsp;&nbsp;&nbsp;&nbsp;Represents an interest-bearing long-term obligation with the Government of Canada relative to Project Falcon, an R&amp;D program that ended in fiscal 2014, for a maximum amount of $250.0 million. The discounted value of the debt recognized amounted to&nbsp;$167.7 million as at March&nbsp;31,&nbsp;2018 (2017 &#8211; $160.5 million);</FONT></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(ii)&nbsp;&nbsp;&nbsp;Represents an interest-bearing long-term obligation with the Government of Canada relative to Project Innovate, an R&amp;D program&nbsp; announced in fiscal 2014 and extending over five and a half years, for a maximum amount of $250.0 million. The aggregate amount recognized in fiscal 2018 was $226.5 million (2017 &#8211; $169.9 million). The discounted value of the debt recognized amounted to&nbsp;$132.6 million as at March&nbsp;31,&nbsp;2018 (2017 &#8211; $92.0 million).</FONT></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Revolving credit facility</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has access to a revolving unsecured term credit facility maturing in September 2022. The available facility amount is US&nbsp;$550.0&nbsp;million with an option, subject to the lender&#8217;s consent, to increase to a total amount of up to US $850.0 million. The facility has covenants requiring a minimum fixed charge coverage and a maximum debt coverage. The applicable interest rate on this revolving credit facility is variable, 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. As at March&nbsp;31,&nbsp;2018 and 2017, the Company had no outstanding borrowings under its revolving credit facility.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Details of the non-recourse debt are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Term loan maturing in April 2018 of &#163;0.7 (2017 &#8211; &#163;0.2), interest rate of 13.50%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Term loan maturing in March 2028 of US$43.5 (2017 &#8211; US$47.1), interest rate of LIBOR plus 2.50% (i)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>62.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Term loans, with maturities between June 2021 and December 2025, of US $22.3, floating interest rate of LIBOR plus a fixed spread</FONT></P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>28.9</FONT></B></P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 22pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total non-recourse debt, net amount</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>86.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>62.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)&nbsp;&nbsp;&nbsp;&nbsp; Represents collateralized non-recourse financing for a term loan to finance a training centre in Brunei. The subsidiary may also avail an additional amount of up to US $12.0 million in the form of letters of credit.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Payments required to meet the retirement provisions of the long-term debt are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>35.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>450.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>414.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>631.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>638.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total payments required</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,117.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,084.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: transaction costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,115.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,082.1</FONT></P></TD>

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<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Information on the change in liabilities for which cash flows have been classified as financing activities in the statement of cash flows is presented below.</FONT></P>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Revolving</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unsecured Credit</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Long-term</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Facilities</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>debt</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Leases</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance at beginning of year</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,082.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.3</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,255.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Changes from financing cash flows</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Proceeds, net of transaction costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>143.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Repayments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(106.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(33.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(25.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(164.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total changes from financing cash flows</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(25.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(20.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Additions through a business combination (Note 3)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-cash changes:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Effect of foreign currency exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(22.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Others</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interests</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total non-cash changes</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance at end of year</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,115.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,260.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5f5f5f 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The present value of the obligations under finance lease are as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross future minimum lease payments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>201.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>240.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: future finance charges on finance leases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>58.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: discounted guaranteed residual values of leased assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of future minimum lease payments</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The future minimum lease payments of the obligations under finance lease are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 521pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross future</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gross future</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Present value of</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>minimum lease</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>future minimum</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>minimum lease</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>future minimum</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>payments</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>lease payments</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>payments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>lease payments</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>25.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>17.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>30.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>20.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>105.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>81.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>123.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>92.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>70.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>87.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>201.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>240.4</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>173.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the Company is in compliance with all of its financial covenants.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 13 &#8211; GOVERNMENT PARTICIPATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has agreements with various governments whereby the latter contribute a portion of the cost, based on expenditures incurred by the Company, of certain R&amp;D programs for modeling, simulation and training services technology.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During fiscal 2014, the Company announced Project Innovate, an R&amp;D program extending over five and a half years. The goal of Project Innovate is to expand the Company&#8217;s modeling and simulation technologies, develop new ones and continue to differentiate its service offering. Concurrently, the Government of Canada agreed to participate in Project Innovate through a repayable loan of up to $250 million made through the Strategic Aerospace and Defence Initiative (SADI).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During fiscal 2016, the Company amended and extended its Project New Core Markets, an R&amp;D program, for an additional four years. The aim is to leverage the Company&#8217;s modeling, simulation and training services expertise in healthcare. The Quebec government, through Investissement Qu&#233;bec, agreed to participate up to $70 million in contributions related to costs incurred before the end of fiscal 2020.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During fiscal 2017, the Company announced its participation in project Sim&#201;co 4.0, an R&amp;D project under the SA<SUP>2</SUP>GE program. The aim of this project is the development of new products or processes which will further contribute to greenhouse gas emissions reductions. The government of Quebec, through the Ministry of Economy, Science and Innovation, and SA<SUP>2</SUP>GE have committed to contribute amounts up to 50% of eligible costs incurred by the Company to fiscal 2020.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>See Notes 1 and 12 for explanations of the royalty obligations and debt.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclHeader86"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following table provides aggregate information regarding net contributions recognized and amounts not yet received for the projects New Core Markets, Innovate and Sim&#201;co 4.0: </FONT>

<DIV align=left>

<TABLE style="WIDTH: 516pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net outstanding contribution receivable, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contributions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Payments received</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(29.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(34.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net outstanding contribution receivable, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The aggregate contributions recognized for all programs are as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contributions credited to capitalized expenditures:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project New Core Markets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Innovate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Sim&#201;co 4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contributions credited to income:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project New Core Markets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Innovate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Sim&#201;co 4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total contributions:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project New Core Markets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Innovate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Project Sim&#201;co 4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>There are no unfulfilled conditions or unfulfilled contingencies attached to these government contributions.&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 14 &#8211; EMPLOYEE BENEFITS OBLIGATIONS</FONT></B></P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Defined benefit plans</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has three registered funded defined benefit pension plans in Canada (two for employees and one for designated executives) that provide benefits based on length of service and final average earnings. The Company also maintains funded pension plans for employees in the Netherlands and United Kingdom that provide benefits based on similar provisions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s annual contributions, to fund both benefits accruing in the year and deficits accumulated over prior years, and the plans&#8217; financial position are determined based on actuarial valuations. Applicable pension legislations prescribe minimum funding requirements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In addition, the Company maintains unfunded plans in Canada, Germany and Norway that provide defined benefits based on length of service and final average earnings. These unfunded 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;2018, the unfunded defined benefit pension obligations are $85.8 million (2017&nbsp;&#8211;&nbsp;$79.1 million) and the Company has issued letters of credit totalling $60.3 million&nbsp;(2017&nbsp;&#8211;&nbsp;$59.1 million) to collateralize the obligations under the Canadian plan.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The funded plans are trustee administered funds. Plan assets held in trusts are governed by local regulations and practices in each country, as is the nature of the relationship between the Company and the trustees and their composition. Responsibility for governance of the plans, including investment decisions and contribution schedules, lies jointly with the Company and the board of trustees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The employee benefits obligations are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Funded defined benefit pension obligations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>612.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>541.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Fair value of plan assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>497.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>462.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Funded defined benefit pension obligations &#8211; net</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>114.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>78.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unfunded defined benefit pension obligations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>85.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>79.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employee benefits obligations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>200.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>157.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 2pt" face="Times New Roman"></FONT>&nbsp;</P>

<a name="_bclFooter86"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></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_87"></A>

<a name="_bclPageBorder87"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader87"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The changes in the funded defined benefit pension obligations and the fair value of plan assets are as follows: </FONT>

<DIV align=left>

<TABLE style="WIDTH: 542pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="41%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pension obligations, beginning of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>487.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>53.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>541.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>468.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>52.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>521.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current service cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Actuarial loss (gain) arising from:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Experience adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Economic assumptions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Demographic assumptions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(18.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employee contributions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Pension benefits paid</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(17.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(19.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(21.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(22.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>6.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>6.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(2.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(2.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Pension obligations, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>546.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>65.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>612.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>487.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>53.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>541.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Fair value of plan assets, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>415.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>462.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>382.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>429.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Return on plan assets, excluding amounts</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>included in interest income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employer contributions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employee contributions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pension benefits paid</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(22.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Administrative costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Fair value of plan assets, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>440.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>56.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>497.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>415.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>462.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The changes in the unfunded defined benefit pension obligations are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 542pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="41%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;Canadian</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Pension obligations, beginning of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>66.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>12.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>79.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>62.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>13.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>76.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current service cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Past service cost, settlements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and curtailments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Actuarial loss (gain) arising from:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Experience adjustments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Economic assumptions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Demographic assumptions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pension benefits paid</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pension obligations, end of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>72.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>85.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>66.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>79.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The net pension cost is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 542pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="41%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;Canadian</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Funded plans</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current service cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(14.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(15.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(13.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(14.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Administrative cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net pension cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unfunded plans</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current service cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Past service cost, settlements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and curtailments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net pension cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total net pension cost</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.9</FONT></P></TD>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_88"></A>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the year ended March&nbsp;31,&nbsp;2018, pension costs of $15.6 million (2017 &#8211; $12.5 million) have been charged in cost of sales, $5.9 million (2017 &#8211; $4.9 million) in research and development expenses, $4.7 million (2017 &#8211; $8.2 million) in selling, general and administrative expenses, $4.9 million (2017 &#8211; $5.2 million) in finance expense and $1.3 million (2017 &#8211; $1.1 million) were capitalized. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>&nbsp;The fair value of the plan assets, by major categories, are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 542pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 7.5pt" color=#ffffff face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Quoted</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Unquoted</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Quoted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Unquoted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian plans</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Equity funds</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>52.2</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>52.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>110.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>110.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>191.8</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>191.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>122.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>122.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Bond funds</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Government</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>116.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>116.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Corporate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>66.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>66.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total Canadian plans</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>440.9</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>440.9</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>415.9</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>415.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign plans</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Insured annuities</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.1</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.1</FONT></B></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.3</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Equity instruments</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Debt instruments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Corporate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in; TEXT-INDENT: -4.5pt"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total Foreign plans</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>56.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="34%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total plans</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>491.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>497.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>457.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>462.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018 and March&nbsp;31,&nbsp;2017, there were no ordinary shares of the Company in the pension plan assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Significant assumptions (weighted average):</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 524pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pension obligations as at March 31:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Discount rate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.48</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.78</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.88</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.05</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Compensation rate increases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.66</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.50</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.86</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.82</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net pension cost for years ended March 31:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Discount rate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.78</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.96</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.05</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.26</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Compensation rate increases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.50</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.50</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.82</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.86</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Assumptions regarding future mortality are based on actuarial advice in accordance with published statistics and mortality tables and experience in each territory. The mortality tables and the average life expectancy in years for a member age 45 and 65 are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 526pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="43%" colSpan=11>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Life expectancy over 65 for a member</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>(in years)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Male</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Female</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Country</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Mortality table</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 65</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;at age 45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 65</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>CPM private tables MI 2017 (employees)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>23.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>21.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>25.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>24.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CPM private tables MI 2017 (designated executives)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CPM private tables MI 2017 (CMAT)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>AG2016</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Heubeck RT2005G</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Norway</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>K2013</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>S1PA</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<DIV align=left>

<TABLE style="WIDTH: 526pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="43%" colSpan=11>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Life expectancy over 65 for a member</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>(in years)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Male</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Female</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Country</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Mortality table</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 65</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>at age 65</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>CPM private tables (employees)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>22.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>21.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>24.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>23.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CPM private tables (designated executives)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CPM private tables (CMAT)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>AG2016</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Heubeck RT2005G</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Norway</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>K2013</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="16%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>S1PA</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The weighted average duration of the defined benefit obligation is 19.15 years.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following table summarizes the impact on the defined benefit obligation as a result of a 0.25% change in the significant assumptions as at March&nbsp;31,&nbsp;2018:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 536pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="12%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Funded plans</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="21%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Unfunded plans</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="49%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Discount rate:</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Increase</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(24.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(30.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Decrease</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Compensation rate:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Increase</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="42%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Decrease</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Through its defined benefit plans, the Company is exposed to a number of risks, the most significant being the exposure to asset volatility, to changes in bond yields and to changes in life expectancy. The plan liabilities are calculated using a discount rate set with reference to corporate bond yields, if plan assets underperform against this yield, this will create a deficit. A decrease in corporate bond yields will increase plan liabilities, although this will be partially offset by an increase in the value of the plans&#8217; bond holdings. The plans&#8217; obligations are to provide benefits for the duration of the life of its members, therefore, increases in life expectancy will result in an increase in the plans&#8217; liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 9pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Contributions reflect actuarial assumptions of future investment returns, salary projections and future service benefits. The expected employer contributions and expected benefits paid for the next fiscal year are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="51%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Canadian</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Funded plans - Expected contributions in fiscal 2019</FONT></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Unfunded plans - Expected benefits paid in fiscal 2019</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" color=#5f5f5f face=helvetica,sans-serif>&nbsp;</FONT></B><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 15 &#8211; DEFERRED GAINS AND OTHER NON-CURRENT LIABILITIES</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Deferred gains on sale and leasebacks <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>116.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Share-based compensation obligations (Note 23)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>75.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>62.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contingent consideration arising on business combinations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Interest payable</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Purchase options</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>229.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>217.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 3pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The related amortization for the year amounted to $3.7 million (2017 &#8211; $3.7 million). </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 16 &#8211; INCOME TAXES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Income tax expense</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>A reconciliation of income taxes at Canadian statutory rates with the reported income taxes is as follows:</FONT></P>

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<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Earnings before income taxes</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>384.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>292.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canadian statutory income tax rates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.85</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.95</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income taxes at Canadian statutory rates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>103.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>78.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Difference between Canadian and Foreign statutory rates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(14.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unrecognized tax benefits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><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="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-taxable capital gain</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Tax impact on equity accounted investees</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-deductible items</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Prior years' tax adjustments and assessments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(13.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><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="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(32.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-taxable research and development tax credits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Gain resulting from the remeasurement to fair value of the previously held interest in AACE</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other tax benefits not previously recognized</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income tax expense</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.1</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>35.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The applicable statutory tax rate is 26.85% in fiscal 2018 (2017 &#8211; 26.95%). The Company's applicable tax rate is the Canadian combined rates applicable in the jurisdictions in which the Company operates. The decrease is due to a change in the jurisdictions it operates.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The US tax reform introduces other important changes to US corporate income tax laws that may significantly affect CAE in future years.&nbsp; Under the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, the U.S. statutory federal income tax rate was reduced to 21% from the previous rate of 35%. The impact of the change in tax rate resulted in a reduction of $33.1 million of the net deferred tax liability position at the time of enactment.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Significant components of the provision for the income tax expense are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current income tax expense (recovery):</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Current period</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>53.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>21.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Adjustment for prior years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred income tax (recovery) expense:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><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="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(18.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><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="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(32.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Origination and reversal of temporary differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>43.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income tax expense</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.1</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>35.2</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Income tax recognized in OCI</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 3pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During fiscal 2018, a deferred tax recovery of $11.7 million (2017 &#8211; deferred tax expense of $7.7 million) and current income tax expense of $0.6 million (2017 &#8211; nil) was recorded in OCI.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Deferred tax assets and liabilities </FONT></B>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Movements in temporary differences during fiscal year 2018 are as follows:</FONT></P>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Recognized in</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>discontinued</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>operation and</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>transferred</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="34%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>beginning</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Recognized</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Recognized</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>from assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>in income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>in OCI</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>held for sale</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>end of year</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Non-capital loss carryforwards</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>50.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(5.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.6</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(84.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(14.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(87.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amounts not currently deductible</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.4</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.9</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.6</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred revenue</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.8</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.3</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Tax benefit carryover</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unclaimed research and</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>development expenditures</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.2</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.2</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.4</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Investment tax credits</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(60.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.6</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(64.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(148.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.1</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(104.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unrealized (gains) losses</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>on foreign exchange</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.0</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(13.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Government participation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.4</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.3</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.6</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Percentage-of-completion versus</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>completed contract</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(45.4</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(52.6</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(1.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Net deferred income tax (liabilities) assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(195.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>35.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>11.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(3.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>5.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(147.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>&nbsp;Movements in temporary differences during fiscal year 2017 are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 539pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Recognized in</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>discontinued</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>operation and</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>transferred</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="34%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>beginning</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Recognized</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Recognized</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>from assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Acquisition of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Exchange</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Balance</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&nbsp;of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>in income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>in OCI</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>held for sale</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>end of year</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Non-capital loss carryforwards</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>49.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>50.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Intangible assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(74.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(84.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amounts not currently deductible</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>34.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.5</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Tax benefit carryover</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unclaimed research and</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>development expenditures</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>24.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.9</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Investment tax credits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(56.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(60.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(131.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(17.5</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(148.9</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Unrealized gains</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>on foreign exchange</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.1</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Government participation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(24.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.5</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employee benefit plans</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.6</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Percentage-of-completion versus</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>completed contract</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(40.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(45.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net deferred income tax (liabilities) assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(166.3</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(26.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(195.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31, 2018, taxable temporary differences of $2,113.6 million (2017 &#8211; $1,990.4 million) related to investments in 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></DIV>

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&nbsp; <A name="page_92"></A>

<a name="_bclPageBorder92"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader92"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The non-capital losses incurred in various jurisdictions expire as follows: </FONT>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Expiry date</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Unrecognized</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Recognized</FONT></P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2019</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2020</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.4</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.5</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2021</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.8</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2022</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.1</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2023</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.2</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2024</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2025 - 2038</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.4</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>41.5</FONT></P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No expiry date</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>67.1</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>144.6</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 13pt">

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>129.4</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>194.6</FONT></P></TD>

   <TD style="HEIGHT: 13pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the Company has $243.5 million (2017 &#8211; $292.6 million) of deductible temporary differences for which deferred tax assets have not been recognized. These amounts will reverse during a period of up to 30 years. The Company also has $0.9 million&nbsp;(2017 &#8211; $0.9 million) of accumulated capital losses carried forward for which deferred tax assets have not been recognized. These capital losses can be carried forward indefinitely.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 17 &#8211; SHARE CAPITAL, EARNINGS PER SHARE AND DIVIDENDS</FONT></B></P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Share capital</FONT></B></P>

<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Authorized shares</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Repurchase and cancellation of common</FONT></I></B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>shares</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>On February 9, 2018, the Company announced the renewal of the normal course issuer bid (NCIB) to purchase up to 5,349,804 of its common shares. The NCIB began on February&nbsp;23, 2018 and will end on February 22, 2019 or on such earlier date when the Company completes its purchases or elects to terminate the NCIB. These purchases will be made on the open market plus brokerage fees through the facilities of the TSX and/or alternative trading systems at the prevailing market price at the time of the transaction, in accordance with the TSX&#8217;s applicable policies. All common shares purchased pursuant to the NCIB will be cancelled.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In fiscal 2018, the Company repurchased and cancelled a total of 2,081,200 common shares under the previous and current NCIB&nbsp;(2017 &#8211; 2,490,900), at a weighted average price of $21.53 per common share (2017 &#8211; $16.73), for a total consideration of $44.8 million (2017 &#8211; $41.7 million). An excess of $39.9 million (2017 &#8211; $36.1 million) of the shares&#8217; repurchase value over their carrying amount was charged to retained earnings as share repurchase premiums. Included in the above amount were 600,000 common shares that were repurchased under a private agreement with a third-party seller at a discount to the prevailing market price of the Company's common shares at the time of purchase.</FONT></P>

<P style="MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Issued shares</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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&nbsp;31, 2018, the number of shares issued and that are fully paid amount to 267,738,530 (2017 &#8211; 268,397,224).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Earnings per share computation</FONT></B></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The denominators for the basic and diluted earnings per share computations are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted average number of common shares outstanding</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>268,235,077</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>268,693,589</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Effect of dilutive stock options</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,219,713</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>903,690</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Weighted average number of common shares outstanding for diluted earnings per share calculation</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>269,454,790</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>269,597,279</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31, 2018, options to acquire 1,941,200 common shares (2017 &#8211; 46,700) have been excluded from the above calculation since their inclusion would have had an anti-dilutive effect.</FONT></P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Dividends</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The dividends declared for fiscal 2018 were $93.9 million or $0.35 per share (2017 &#8211; $84.6 million or $0.315 per share).</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 18 &#8211; ACCUMULATED OTHER COMPREHENSIVE INCOME</FONT></B></P>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Share in the other</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net changes in</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>comprehensive</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign currency</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net changes in</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>available-for-sale</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>income of equity</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>translation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>cash flow hedges</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>financial instruments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>accounted investees</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balances, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>148.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>180.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(15.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>193.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>220.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="15%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>OCI</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>81.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>68.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="15%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balances, end of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>230.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>148.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>36.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>48.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>262.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>193.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 19 &#8211; EMPLOYEE COMPENSATION</FONT></B></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The total employee compensation expense recognized in the determination of net income is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 7.5pt" color=white face=helvetica,sans-serif>(amounts in millions)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Salaries and other short-term employee benefits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>908.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>838.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Share-based payments, net of equity swap (Note 23)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>46.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Post-employment benefits &#8211; defined benefit plans (Note 14)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Post-employment benefits &#8211; defined contribution plans</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Termination benefits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total employee compensation expense<SUP>(1)</SUP></FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,004.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>933.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1) </FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Certain members of key management may have employment agreements with clauses for payment in case of termination without cause and payment in case of termination of employment following a change in control. All such employment agreements are for an indeterminate term.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 20 &#8211; IMPAIRMENT OF NON-FINANCIAL ASSETS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The carrying amount of goodwill allocated to the Company's CGUs per operating segment is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 518pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="62%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Civil Aviation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defence</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="62%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&nbsp;Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and&nbsp;Security</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="13%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31, 2016</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>197.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>216.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>142.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>556.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31, 2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>194.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>220.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>560.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Acquisition of subsidiaries (Note 3)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>57.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>57.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposal and remeasurement of interest in investment (Note 21)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exchange differences</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="54%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net book value at March&nbsp;31,&nbsp;2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>266.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>217.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>141.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>625.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Goodwill is allocated to CGUs or a group of CGUs, which generally corresponds to the Company&#8217;s operating segments or one level below.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company performed the annual impairment review for goodwill during fiscal 2018 and the estimated recoverable exceeded the carrying amounts of the CGUs. As a result, there was no impairment identified during the year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company determined the recoverable amount of the Civil Aviation Training Solutions, Defense and Security and Healthcare CGU's based on value-in-use calculations.The value-in-use is calculated using estimated cash flows derived from the Company's five year strategic plan approved by the Board of Directors. Cash flows subsequent to the five-year period were extrapolated using a constant growth rate of 2% to 3%. The post-tax discount rates used to calculate the recoverable amounts reflect each CGUs&#8217; specific risks and range from 6.5% to 9%.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 13pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 21 &#8211; OTHER GAINS </FONT></B><I><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>&#8211;</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 10pt" face=helvetica,sans-serif> </FONT><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NET</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposal of property, plant and equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net foreign exchange gains</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net loss on litigation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Disposal of interest in investment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Remeasurement of investment, net of reorganization and others costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other gains &#8211; net</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Disposal of interest in investment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During the second quarter of fiscal 2018, the Company disposed of its 49% interest in Zhuhai Xiang Yi Aviation Technology Company Limited, an equity accounted investee, for a net cash proceeds of $114.0 million. Upon disposal of this investment, $6.3 million of goodwill was derecognized and an impairment of $7.0 million was recognized with respect to a related investment in an equity account investee. The Company realized a net gain on disposal of $14.3 million.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Remeasurement of investment and reorganization costs</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During the third quarter, the Company&#8217;s interest in AACE increased from 50% to 100%, obtaining control of AACE (Note 3). Before the transaction, the Company&#8217;s 50% ownership interest in AACE was accounted for using the equity method. The remeasurement to fair value of the previously held interest in AACE generated a gain of $34.7 million. In addition, $4.6 million of goodwill was derecognized, costs of&nbsp;$8.5 million, including acquisition costs of $1.5 million and a write-down of assets for $9.4 million were incurred. Accordingly, the Company recognized a net gain upon remeasurement of $12.2 million. Also in the quarter, reorganization and other costs of $8.2 million were incurred resulting in a gain upon remeasurement net of overall costs incurred in the amount of $4.0 million.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt" color=#5f5f5f face=helvetica,sans-serif>NOTE 22 &#8211; FINANCE EXPENSE &#8211; NET</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 527pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance expense:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Long-term debt (other than finance leases)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>53.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>53.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance leases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Royalty obligations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Employee benefits obligations (Note 14)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financing cost amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Borrowing costs capitalized <SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance expense</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>89.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>84.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance income:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Loans and finance lease contracts</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance income</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(13.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Finance expense &#8211; net</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>72.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 3pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The average capitalization rate used during fiscal 2018 to determine the amount of borrowing costs eligible for capitalization was 4.33% (2017 &#8211; 4.37%).</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 23 &#8211; SHARE-BASED PAYMENTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s share-based payment plans consist of two categories: an equity-settled share-based payment plan comprised of the Employee Stock Option Plan (ESOP); and cash-settled share-based payments plans that include the Employee Stock Purchase Plan (ESPP), the Executive Deferred Share Unit (EDSU) plan, the Deferred Share Unit (DSU) plan, the Long-Term Incentive Time Based plans and the Long-Term Incentive Performance Based plans. The Long-Term Incentive &#8211; Deferred Share Unit (LTI-DSU) plan and the&nbsp;Long-Term Incentive &#8211; Time Based Restricted Share Unit (LTI-TB RSU) plan are time based plans while the Long-Term Incentive &#8211; Restricted Share Unit (LTI-RSU) plan and the Long-Term Incentive &#8211; Performance Share Unit (LTI-PSU) plan are performance based plans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The effect 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&nbsp;31:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Compensation</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Recognized in the consolidated</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>cost</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>statement of financial position</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash-settled share-based compensation:</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>ESPP</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.4</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>DSU</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.4</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.5</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.2</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-DSU</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.2</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(27.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(23.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-TB RSU</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-PSU</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>23.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(40.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total cash-settled share-based compensation</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(94.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(77.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Equity-settled share-based compensation:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>ESOP</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total equity-settled share-based compensation</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21.3</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.4</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total share-based compensation cost</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(115.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(96.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the year ended March&nbsp;31,&nbsp;2018, share-based compensation costs of $0.4 million (2017 &#8211; $0.3 million) were capitalized.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company entered into equity swap agreements with four major Canadian financial institutions in order to reduce its earnings exposure related to the fluctuation in the Company&#8217;s share price relating to the DSU and Long-Term Incentive Time Based plans (see Note 28 and Note 29). The recovery recognized in fiscal 2018 amounts to $8.0 million (2017 &#8211; $10.5 million).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The share-based payment plans are described below. There have been no plan cancellations during fiscal 2018 and fiscal 2017.</FONT></P>

<P style="MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Employee Stock Option Plan</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Under the Company&#8217;s long-term incentive program, options may be granted to key employees 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 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, a total of 14,677,714 common shares (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> 15,924,289) 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, 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>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Outstanding options are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 518pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Weighted</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Number</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>average exercise</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Number</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>average exercise</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>of options</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>price (CAD$)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>of options</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>price (CAD$)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Options outstanding, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>5,541,625</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>14.51</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>4,834,725</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>13.30</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Granted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,044,900</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.15</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,073,600</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.19</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exercised</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,246,575</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.58</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,029,725</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.25</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Forfeited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(184,425</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.52</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(336,975</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.50</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Options outstanding, end of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6,155,525</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.31</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,541,625</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.51</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Options exercisable, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,744,125</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.12</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,483,450</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.57</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_96"></A>

<a name="_bclPageBorder96"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader96"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Summarized information about the Company's ESOP as at March&nbsp;31,&nbsp;2018 is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 521pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="30%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Options Outstanding</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Options Exercisable</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Range of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Number of</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Number of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>exercise prices</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>options</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>average remaining</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>average exercise</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>options</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>average exercise</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>(CAD$)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>outstanding</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>contractual life (years)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="14%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>price (CAD$)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>exercisable</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>price (CAD$)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$9.60 to $11.02</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>415,900</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>1.87</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>10.76</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>415,900</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>10.76</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$12.65 to $14.66</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>813,625</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.06</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.60</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>529,525</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.58</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$15.00 to $16.15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,947,000</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.78</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.74</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>798,700</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.58</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$20.86 to $22.26</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,979,000</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.20</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.15</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="30%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6,155,525</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.81</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.31</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,744,125</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.12</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The weighted average market share price for share options exercised in 2018 was $22.15 (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $17.14).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>For the year ended March&nbsp;31,&nbsp;2018, compensation cost for CAE&#8217;s stock options of $4.9 million (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $3.7 million) was recognized with a corresponding credit to contributed surplus using the fair value method of accounting for awards that were granted since fiscal 2012.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The assumptions used for the purpose of the option calculations outlined in this note are presented below:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 524pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted average assumptions used in the Black-Scholes options pricing model:</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted average share price</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.14</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.43</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Exercise price</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22.15</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.19</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Dividend yield</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.45</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.83</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Expected volatility</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.39</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.65</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Risk-free interest rate</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.86</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.75</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Expected option term</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4 years</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4 years</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Weighted average fair value option granted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.75</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.20</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Expected volatility is estimated by considering historical average share price volatility over the option's expected term.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Employee Stock Purchase Plan</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 contribute $1 for every $2 of employee contributions, up to a maximum of 3% of the employee&#8217;s base salary.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Deferred Share Unit Plans</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In fiscal 2017, CAE adopted an Executive Deferred Share Unit (EDSU) plan. The purpose of the plan is to attract and retain talented individuals to serve as officers and executives of the Company and to promote a greater alignment of interests between the executives and shareholders of CAE. Under this plan, Canadian and U.S.-based executives can elect to defer a portion or entire short-term incentive payment to the EDSU plan on an annual basis. Such deferred short-term incentive amount is converted to EDSUs based on the volume weighted average price of the common shares on the TSX during the last five trading days prior to the date on which such incentive compensation becomes payable to the executive. The EDSU is equal in value to one common share of CAE. The units also accrue dividend equivalents payable in additional units in an amount equal to dividends paid on CAE common shares. EDSUs mature upon termination of employment, whereupon holders are entitled to receive a lump sum cash payment equal to the number of EDSUs credited to their account as of that date multiplied the volume weighted average price of the common shares on the TSX during the last five trading days prior to the settlement date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company also maintains a Deferred Share Unit (DSU) plan for executives, under which units are no longer granted, whereby an executive elected to receive cash incentive compensation in the form of deferred share units. A DSU is equal in value to one common share of the Company. The units were 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, determined as 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 settlement date, of the equivalent number of common shares, net of withholdings.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<a name="_bclFooter96"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclPageBorder97"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader97"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company also maintains a DSU plan for non-employee directors. A non-employee director holding less than the minimum required holdings of common shares of the Company receives the Board retainer and attendance fees in the form of deferred share units. Minimum required 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 required 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 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 style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company records the cost of the DSU plans as a compensation expense and accrues its non-current liability in deferred gains and other non-current liabilities.</FONT></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>DSUs outstanding are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>DSUs outstanding, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>691,698</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>701,205</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units granted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99,632</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>86,599</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units redeemed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(143,560</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(107,524</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Dividends paid in units</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27,327</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11,418</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>DSUs outstanding, end of year</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>675,097</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>691,698</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="76%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>DSUs vested, end of the year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>675,097</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>691,698</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive Time Based Plans</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company maintains two Long-Term Incentive Time Based plans. The plans are intended for executives and senior management to promote a greater alignment of interests between executives and shareholders of the Company. A unit under these plans is equal in value to one common share at a specific date. One of these plans is no longer granted.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive &#8211; Deferred Share Unit Plan (LTI-DSU)</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The LTI-DSUs are 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&nbsp;November 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. Effective fiscal 2015, this plan was replaced by the LTI-TB RSU plan.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The plan stipulates that granted units vest equally over five years and that following a change of control, all unvested units vest immediately.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive &#8211; Time Based Restricted Share Unit Plan (LTI-TB RSU)</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The LTI-TB RSU plan under which units are currently granted. Eligible participants are entitled to receive a cash payment equivalent to the fair market value of the number of vested LTI-TB RSUs held at the end of the vesting period. For participants subject to loss of employment other than voluntarily or for cause, a portion of the unvested LTI-TB RSUs will vest by one third for each full year of employment completed during the period from the grant date to the date of termination. If termination of a participant is due to resignation or for cause, all unvested units are forfeited. Upon termination of employment at retirement, unvested grants continue to vest in accordance to their vesting date. For certain participants in the United States, vesting of unvested units takes place at the time of retirement.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>LTI-TB RSUs granted pursuant to the plan vest after three years from their grant date and following a change of control, all unvested units vest immediately.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive Time Based units outstanding under all plans are as follows:</FONT></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 518pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-DSU</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-TB RSU</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="11%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units outstanding, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,193,723</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,342,075</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>551,210</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>385,880</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units granted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>179,440</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>211,030</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units cancelled</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,768</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(13,246</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21,640</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(42,090</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units redeemed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(74,783</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(156,072</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(155,087</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3,610</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Dividends paid in units</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17,569</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20,966</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units outstanding, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,134,741</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,193,723</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>553,923</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>551,210</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units vested, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,128,464</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,177,529</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>420,247</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>400,183</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive Performance Based Plans</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company maintains two Long-Term Incentive Performance Based plans, one of which is no longer granted. The plans are intended 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.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive &#8211; Restricted Share Unit Plan (LTI-RSU)</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>LTI-RSUs granted pursuant to this plan vest over three years from their grant date as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)&nbsp;&nbsp;&nbsp;&nbsp;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 to March 31, immediately preceding each of the first, second, and third anniversary of the grant date, according to the following rule:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Annual TSR relative performance</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Factor</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>First quartile (0 &#8211; 25 percentile)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Second quartile (26 &#8211; 50 percentile)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>50% &#8211; 98%</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Third quartile (51 &#8211; 75 percentile)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>100% &#8211; 148%</FONT></P></TD></TR>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Fourth quartile (76 &#8211; 100 percentile)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>150%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(ii)&nbsp;&nbsp;&nbsp; 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-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, immediately preceding the grant date, to March 31, immediately preceding the third anniversary of the grant date, according to the same rule described in the table above.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Participants subject to loss of employment, other than voluntarily or for cause, are entitled to the units vested. Effective fiscal 2015 this plan was replaced by the LTI-PSU plan.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>All award under the LTI-RSU plan were paid out and there are no awards outstanding.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive &#8211; Performance Share Unit Plan (LTI-PSU)</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Eligible participants of the LTI-PSU are entitled to receive a cash payment equivalent to the fair market value of the number of vested LTI-PSUs held at the end of the vesting period multiplied by a factor which ranges from 0% to 200% based on the attainment of performance criteria set out pursuant to the plan. In relation to participants subject to loss of employment other than voluntarily or for cause, a portion of the unvested LTI-PSUs will vest by one third for each full year of employment completed during the period from the grant date to the date of termination for incentives issued in fiscal years 2016, and will vest by one-sixth after year one, one-third after year two and one-half after year three for incentives issued in fiscal 2017 and 2018 If termination of a participant is due to resignation or for cause, all unvested units are forfeited. Upon termination of employment at retirement, unvested grants continue to vest in accordance to their vesting date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>LTI-PSUs granted pursuant to the plan vest after three years from their grant date and following a change of control, all unvested units vest immediately.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Long-Term Incentive Performance Based units outstanding under all plans are as follows:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-RSU</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>LTI-PSU</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units outstanding, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>378,920</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,308,063</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>934,500</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units granted</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>82,731</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>819,566</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>490,270</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units cancelled</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(5,698</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(50,376</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(108,727</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units redeemed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(455,953</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(846,537</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(7,980</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="50%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units outstanding, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,230,716</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,308,063</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="50%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Units vested, end of year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>933,977</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>956,057</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 24 &#8211; SUPPLEMENTARY CASH FLOWS INFORMATION</FONT></B></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Changes in non-cash working capital are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 539pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash provided by (used in) non-cash working capital:</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts receivable</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(35.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(58.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Inventories</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(55.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Prepayments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income taxes recoverable</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts payable and accrued liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(58.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Provisions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(21.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Income taxes payable</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Deferred revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>79.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(31.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="72%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Changes in non-cash working capital</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(43.1</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>29.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 25 &#8211; CONTINGENCIES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company is subject to audits from various government and regulatory agencies on an ongoing basis. As a result, from time to time, authorities may disagree with positions and conclusions taken by the Company in its filings.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>During fiscal 2015, the Company received a reassessment from the Canada Revenue Agency challenging the Company&#8217;s characterization of the amounts received under the SADI program. No amount has been recognized in the Company&#8217;s financial statements, since the Company believes that there are strong grounds for defence and will vigorously defend its position. Such matters cannot be predicted with certainty, however, the Company believes that the resolution of these proceedings will not have a material adverse effect on its financial position.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#595959 face=helvetica,sans-serif>NOTE 26 &#8211; COMMITMENTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The future aggregate minimum lease payments under non-cancellable operating leases are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>44.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>55.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>118.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>125.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>82.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>240.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>262.9</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Rental expenses recognized in fiscal 2018 amounts to $68.2 million (2017 &#8211; $72.5 million).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Contractual purchase commitments</FONT></B></P>

<P style="MARGIN: 0in 0in 10pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The total contractual purchase commitments are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>No later than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>132.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>118.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 1 year and no later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>90.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>119.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Later than 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>223.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>239.1</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<a name="_bclFooter99"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></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_100"></A>

<a name="_bclPageBorder100"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader100"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 27 &#8211; CAPITAL RISK MANAGEMENT</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s objectives when managing capital are threefold:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)&nbsp;&nbsp;&nbsp;&nbsp;Optimize the Company&#8217;s cost of capital;</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(ii)&nbsp;&nbsp;&nbsp; Maintain the Company&#8217;s financial strength and credit quality;</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(iii)&nbsp;&nbsp; Provide the Company&#8217;s shareholders with an appropriate rate of return on their investment.</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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, issue new shares or debt, use cash to reduce debt or repurchase shares.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>To accomplish its objectives stated above, the Company monitors its capital on the basis of the net debt to capital. 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 share capital, contributed surplus, accumulated other comprehensive income, retained earnings and non-controlling interests.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The level of debt versus equity in the capital structure is monitored, and the ratios are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 515pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total debt (Note 12)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,260.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,255.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less: cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(611.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(504.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net debt</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>649.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>750.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Equity</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,366.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,081.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total net debt plus equity</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,016.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,831.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="74%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Net debt: equity</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>22:78</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27:73</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has certain debt agreements which require the maintenance of a certain level of capital.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 28 &#8211; FAIR VALUE OF FINANCIAL INSTRUMENTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. Counterparty credit risk and the Company&#8217;s own credit risk are taken into account in estimating the fair value of financial assets and financial liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following assumptions and valuation methodologies have been used to measure the fair value of financial instruments:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(i)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of cash and cash equivalents, accounts receivable, contracts in progress, accounts payable and accrued liabilities approximate their carrying values due to their short-term maturities;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(ii)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of derivative instruments, which include forward contracts, swap agreements and embedded derivatives accounted for separately and is calculated as the present value of the estimated future cash flows using an appropriate interest rate yield curve and forward foreign exchange rate. Assumptions are based on market conditions prevailing at each reporting date. The fair value of 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(iii)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of the available-for-sale investment, which does not have a readily available market value, is estimated using a discounted cash flow model, which includes some assumptions that are not based on observable market prices or rates;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(iv)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of non-current receivables is estimated based on discounted cash flows using current interest rates for instruments with similar risks and remaining maturities;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(v)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of long-term debts and non-current liabilities, including finance lease obligations and royalty obligations, are estimated based on discounted cash flows using current interest rates for instruments with similar risks and remaining maturities;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(vi)</FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face="times new roman">&nbsp;&nbsp; </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value of the contingent considerations arising on business combinations are based on the estimated amount and timing of projected cash flows, the probability of the achievement of the criteria on which the contingency is based and the risk-adjusted discount rate used to present value the probability-weighted cash flows.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Fair value hierarchy </FONT></B>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The fair value hierarchy reflects the significance of the inputs used in making the measurements and has the following levels:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Level 1: &nbsp; Quoted prices (unadjusted) in active markets for identical assets or liabilities;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Level 2: &nbsp; Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e. as prices in markets that are not active) or indirectly (i.e. quoted prices for similar assets or liabilities);</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Level 3: &nbsp; Inputs for the asset or liability that are not based on observable market data (unobservable inputs).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The carrying values and fair values of financial instruments, by class, are as follows at March&nbsp;31,&nbsp;2018 and 2017:</FONT></P>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Level</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Carrying Value</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Fair value</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Carrying Value</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Fair value</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Financial assets (liabilities) carried at FVTPL<SUP>(1)</SUP></FONT></B></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>611.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>611.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>504.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>504.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Restricted cash</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Embedded foreign currency derivatives</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Equity swap agreements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Forward foreign currency contracts</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contingent consideration arising on business combinations</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(11.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Derivatives assets (liabilities) designated in a hedge relationship</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Foreign currency swap agreements</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Forward foreign currency contracts</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Interest Rate Swap Agreements</FONT></P>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financial assets classified as loans and receivables</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Accounts receivable<SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>532.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>532.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>526.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>526.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>401.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>401.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>337.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>337.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Investment in finance leases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>93.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>101.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>95.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>109.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Advances to a portfolio investment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>38.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>38.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Other assets<SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>32.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Financial assets available-for-sale<SUP>(4)</SUP></FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financial liabilities carried at amortized cost</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Accounts payable and accrued liabilities<SUP>(5)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(588.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(588.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(615.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(615.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total long-term debt<SUP>(6)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,262.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,322.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,258.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,340.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="44%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Other non-current liabilities<SUP>(7)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="7%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Level 2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(156.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(177.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(146.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(169.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="44%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(274.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(347.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(437.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(525.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>FVTPL: Fair value through profit and loss.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(2)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes trade receivables, accrued receivables and certain other receivables.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(3)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes non-current receivables and certain other non-current assets.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(4)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Represent the Company's portfolio investment.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(5)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes trade accounts payable, accrued liabilities, interest payable, certain payroll-related liabilities and current royalty obligations.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(6)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The carrying value excludes transaction costs.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(7)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes non-current royalty obligations and other non-current liabilities.</FONT></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>Change in level 3 financial instruments are as follows:</FONT></P>

<DIV align=center>

<TABLE style="WIDTH: 530pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance, beginning of year</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total realized and unrealized (losses) gain:</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="10%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Included in income</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Included in other comprehensive income</FONT></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Issued and settled</FONT></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="9%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.6</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 10pt">

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="36%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Balance, end of year</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="19%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="26%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="9%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 1.5pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(9.5</FONT></B></P></TD>

   <TD style="HEIGHT: 10pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 1.5pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 29 &#8211; FINANCIAL RISK MANAGEMENT</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Due to 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 documented in corporate policies. These risk management parameters remain unchanged since the previous period, unless otherwise indicated.</FONT></P>

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<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Credit risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. Credit risks arising from the Company&#8217;s normal commercial activities are managed in regards to customer credit risk.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s customers are mainly established companies, some of which have publicly available credit ratings, as well as government agencies, which facilitates risk assessment and monitoring. In addition, the Company typically receives substantial non-refundable advance payments for construction contracts. The Company closely monitors its exposure to major airline companies in order to mitigate its risk to the extent possible. Furthermore, the Company&#8217;s trade receivables are not concentrated with specific customers but are held with 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 to third-party financial institutions for cash consideration on a limited 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 mainly in place with a diverse group of major North American and European financial institutions.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. The Company signed </FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>International Swaps &amp; Derivatives Association, Inc. (ISDA)</FONT></I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> Master Agreements with the majority of counterparties with whom it trades derivative financial instruments. These agreements make it possible to offset 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The carrying amounts presented in Note 4 and Note 28 represent the maximum exposure to credit risk for each respective financial asset as at the relevant dates.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Liquidity risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Liquidity risk is defined as the potential risk that the Company cannot meet its cash obligations as they become due.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 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$550.0 million&nbsp;(2017 &#8211; US$ 550.0 million), with an option, subject to the lender&#8217;s consent, to increase to a total amount of up to US$850.0 million. As well, the Company has agreements to sell interests in certain of its accounts receivable for an amount of up to US$300.0 million&nbsp;(2017 &#8211; US$150.0 million) (current financial assets program). As at March&nbsp;31,&nbsp;2018, the Canadian dollar equivalent of $168.3 million&nbsp;(2017 &#8211;&nbsp;$141.6 million) of specific accounts receivable were sold to a financial institution pursuant to these agreements. Proceeds were net of $2.4 million in fees (2017 &#8211; $1.2 million). The Company also regularly monitors any financing opportunities to optimize its capital structure and maintain appropriate financial flexibility.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following tables present a maturity analysis based on 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 are presented in Canadian dollar equivalent amounts using the period-end spot rate except as otherwise stated:</FONT></P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total long-term debt <SUP>(2)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,262.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,643.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>88.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>262.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>91.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>212.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>75.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>913.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Other non-current liabilities <SUP>(3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>167.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>422.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>43.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>311.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,018.8</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,654.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>676.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>280.9</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>110.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>255.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>106.7</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,224.9</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Derivative financial</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>instruments</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Forward foreign</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.8</FONT></B></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Outflow</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,136.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(160.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(22.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Swap derivatives on total</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>long-term debt <SUP>(5)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(10.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(12.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Embedded foreign currency</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.7</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.4</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(3.5</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,016.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,651.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>681.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>280.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>108.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>253.7</FONT></B></P></TD>

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>105.3</FONT></B></P></TD>

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   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,221.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 9pt" face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 563pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Carrying</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contractual</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0-12</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>13-24</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25-36</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37-48</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49-60</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>As at March&nbsp;31, 2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Amount</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="10%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Cash Flows</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Months</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Months</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Months</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Months</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Months</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #000000 2px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="9%" colSpan=4>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=#000000 face=helvetica,sans-serif>Thereafter</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Non-derivative financial</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 9pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>liabilities</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts payable and</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>accrued liabilities <SUP>(1)</SUP></FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Total long-term debt<SUP> (2)</SUP></FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,258.2</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,683.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.3</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>79.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>258.2</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>85.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>215.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>944.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Other non-current liabilities<SUP> (3)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>146.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>393.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>18.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>310.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,019.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,691.4</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>714.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>276.4</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>103.6</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>242.0</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 33pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Outflow</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,380.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,140.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>167.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>63.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 33pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Inflow</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,375.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1,139.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(165.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(62.2</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(8.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.5</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Swap derivatives on total</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; BORDER-RIGHT: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 21pt; PADDING-RIGHT: 2pt" vAlign=bottom width="27%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>long-term debt <SUP>(5)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(16.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(19.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(4.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.6</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(2.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Embedded foreign currency</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>derivatives<SUP> (6)</SUP></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.8</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.5</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(1.9</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(6.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,000.6</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,672.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>706.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>98.0</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>276.0</FONT></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>101.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>240.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,249.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes trade accounts payable, accrued liabilities, interest payable and certain payroll-related liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(2)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Contractual cash flows include contractual interest and principal payments related to debt obligations and excludes transaction costs.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(3)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes non-current royalty obligations and other non-current liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(4)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Outflows and inflows are presented in CDN equivalent using the contractual forward foreign currency rate and include forward foreign currency contracts either</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 9pt"><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>presented as derivative liabilities or derivative assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(5)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes interest rate swap and cross currency swap contracts either presented as derivative liabilities or derivative assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(6)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes embedded foreign currency derivatives either presented as derivative liabilities or derivative assets.</FONT></P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Market risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. The Company&#8217;s policy is not to utilize any derivative financial instruments for trading or speculative purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></I></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Foreign currency risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 exchange rate variability primarily in relation to certain sale commitments, expected purchase transactions and debt denominated in a foreign currency, as well as on the net investment from its foreign operations which have functional currencies other than the Canadian dollar (in particular the U.S. dollar (USD), Euro (&#8364;) and British pound (GBP or &#163;). In addition, these operations have exposure to foreign exchange rates primarily through cash and cash equivalents and other working capital accounts denominated in currencies other than their functional currencies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company uses forward foreign currency contracts and foreign currency swap agreements to manage the Company&#8217;s exposure from transactions in foreign currencies. These transactions include forecasted transactions and firm commitments denominated in foreign currencies.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The consolidated forward foreign currency contracts outstanding are as follows:</FONT></P>

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<TABLE style="WIDTH: 533pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 9pt" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT style="FONT-SIZE: 8pt" color=white face=helvetica,sans-serif>(amounts in millions, except average rate)</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 1pt 0in"><FONT style="FONT-SIZE: 11pt" face=helvetica,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Notional</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Average</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Notional</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 5pt" color=black face=helvetica,sans-serif>(1)</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Average</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Currencies (sold/bought)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Amount</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Rate</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Amount</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=top width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Rate</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>USD/CDN</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>572.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.79</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>567.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.74</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>131.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.78</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>158.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.77</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 3 and 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.80</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.77</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>CDN/EUR</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.57</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.45</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>EUR/CDN</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>125.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.65</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>79.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.69</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.63</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.67</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 3 and 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.59</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>GBP/CDN</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>72.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.56</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>116.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.58</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.57</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.55</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 3 and 5 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.51</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>CDN/GBP</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>33.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.80</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.73</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.74</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>CDN/USD</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>132.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.28</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>130.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.32</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.29</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.33</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>GBP/USD</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.71</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.76</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.76</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.69</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><I><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Other currencies</FONT></I></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Less than 1 year</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>139.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>111.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Between 1 and 3 years</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="3%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="61%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,351.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,380.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=2>

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Exchange rates as at the end of the respective fiscal years were used to translate amounts in foreign currencies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has entered into foreign currency swap agreements related to its June 2007 senior collateralized financing, 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 one (2017 &#8211; one) USD to GBP foreign currency swap agreement as cash flow hedge. The currency swap agreement has an outstanding notional amount of US$1.1 million (&#163;0.6 million) (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> US$5.7 million (&#163;2.8 million)) and is amortized in accordance with the repayment schedule of the debt until June&nbsp;2018.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In fiscal 2013, the Company entered into interest-only cross currency swap agreements related to its multi-tranche private placement debt issued in December 2012, to effectively fix the USD-denominated interest cash flows in CDN equivalent. The Company designated two</FONT><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>USD to CDN interest-only currency swap agreements as cash flow hedges with outstanding notional amounts of US$127.0 million ($130.5&nbsp;million) (2017 &#8211; US$127.0 million ($130.5 million)) and US$98.0 million ($100.7 million) (2017&nbsp;&#8211;&nbsp;US$98.0 million ($100.7 million)) corresponding to the two tranches of the private placement until December 2024 and December 2027 respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company&#8217;s foreign currency hedging programs are typically unaffected by changes in market conditions, as related derivative financial instruments are generally held until their maturity, consistent with the objective to fix currency rates on the hedged item.</FONT></P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;</FONT><I><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Foreign currency risk sensitivity analysis</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 13pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following table presents the Company&#8217;s exposure to foreign currency 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&nbsp;March&nbsp;31. This analysis assumes all other variables remain constant.</FONT></P>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 2pt 0in" align=center><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>USD</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 2pt 0in" align=center><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>&#8364;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 3pt" vAlign=bottom width="24%" colSpan=8>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 2pt 0in" align=center><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>GBP</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Net</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Net</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Net</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Income</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>OCI</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>OCI</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; BORDER-LEFT: #5a5a5a 1pt solid; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>Income</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" face=helvetica,sans-serif>OCI</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>4.6</FONT></B></P></TD>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(17.3</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>0.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(1.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(0.3</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(1.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(3.3</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(10.6</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>0.2</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(0.8</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(0.5</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>(1.7</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 8pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>A reasonably 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Interest rate risk</FONT></I></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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 has a floating rate debt through its revolving unsecured credit facility and other asset-specific floating rate debts. 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 manage interest rate exposures are mainly interest rate swap agreements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the Company has entered into two (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> two) interest rate swap agreements with one (2017 &#8211; one) financial institution for a total notional value of $2.2 million (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $10.7 million). After considering these swap agreements, as at March&nbsp;31,&nbsp;2018, 88% (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> 90%) of the long-term debt bears fixed interest rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" 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 until their maturity to establish asset and liability management matching, consistent with the objective to reduce risks arising from interest rate movements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><I><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Interest rate risk sensitivity analysis</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In fiscal 2018, a 1% increase in interest rates would decrease the Company&#8217;s net income by $1.2 million (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $1.3 million) and decrease the Company&#8217;s OCI by $0.3 million (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> $0.5 million) assuming all other variables remained constant. A 1% decrease in interest rates would have an opposite impact on net income and OCI.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Hedge of share-based payments cost</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company has entered into equity swap agreements with four (2017 &#8211; two) major Canadian financial institutions to reduce its income exposure to fluctuations in its share price relating to the DSU, LTI-DSU and LTI-TB RSU programs. Pursuant to the agreement, the Company receives the economic benefit of dividends and share price appreciation while providing payments to the financial institutions 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, LTI-DSU and LTI-TB RSU programs and is reset quarterly. As at March&nbsp;31,&nbsp;2018, the equity swap agreements covered 2,150,000 common shares (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> 1,850,000) of the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Hedge of net investments in foreign operations</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the Company has designated a portion of its senior notes totalling US$372.8 million (2017&nbsp;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;US$372.8 million) and a portion of the obligations under finance lease totalling US$8.6 million (2017 </FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> US$9.9 million) as a hedge of its net investments in U.S. entities. 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 those U.S. entities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Letters of credit and guarantees</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>As at March&nbsp;31,&nbsp;2018, the Company had outstanding letters of credit and performance guarantees in the amount of $223.4 million&nbsp;(2017&nbsp;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;$238.2 million) issued in the normal course of business. These guarantees are issued under the Revolving Credit Facility and the Performance Securities Guarantee (PSG)&nbsp; provided by Export Development Corporation (EDC).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" 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. 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 on a sale and leaseback transaction and varies according to the payment schedule of the lease agreement.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Advance payment</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>56.7</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>64.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contract performance</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.6</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.7</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Lease obligations</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>36.2</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>35.3</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Financial obligations</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>88.7</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>88.1</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.2</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.8</FONT></P></TD>

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   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>223.4</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>238.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Sale and leaseback transactions</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" 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 $11.2 million (2017&nbsp;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>&nbsp;$11.6 million), of which $7.2 million matures in fiscal year 2020 and $4.0 million in fiscal year 2023. Of this amount, as at March&nbsp;31,&nbsp;2018, $9.2 million is recorded as a deferred gain (2017&nbsp;</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=arial,sans-serif>&#8211; $10.0 million</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Indemnifications</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" 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>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 30 &#8211; OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company elected to organize its operating segments principally on the basis of its customer markets. The Company manages its operations through its three segments. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Results by segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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. 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 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 544pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Civil Aviation</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defence</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="16%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>and Security</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="15%" colSpan=7>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>External revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,629.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,556.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,085.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,036.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>115.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>110.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,830.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,704.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Depreciation and amortization</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Property, plant and equipment</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>102.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>19.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>120.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>122.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Intangible and other assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>37.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>30.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>78.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>89.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Write-downs of inventories &#8211; net</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Write-downs (reversals of write-downs)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>of accounts receivable &#8211; net</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(0.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>After tax share in profit of</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="7%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="6%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>equity accounted investees</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>31.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>11.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>12.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>42.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="31%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Segment operating income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>324.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>273.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>127.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>120.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>8.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>461.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="2%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="5%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>400.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_107"></A>

<a name="_bclPageBorder107"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader107"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Civil Aviation Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>162.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>145.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defence and Security</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>122.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>10.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>6.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total capital expenditures</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>221.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>274.0</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Operating profit</FONT></B></P>

<P style="MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The following table provides a reconciliation between total segment operating income and operating profit:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total segment operating income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>461.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>400.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Restructuring, integration and acquisition costs</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>(35.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Operating profit</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>461.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>364.7</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Assets and liabilities employed by segment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>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, investment in equity accounted investees, 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="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Assets and liabilities employed by segment are reconciled to total assets and liabilities as follows:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Assets employed</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Civil Aviation Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,988.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,821.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defence and Security</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,437.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,363.6</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>253.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>264.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Assets not included in assets employed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,039.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>906.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total assets</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,719.2</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>5,354.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Liabilities employed</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Civil Aviation Training Solutions</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>891.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>835.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Defence and Security</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>455.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>482.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Healthcare</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>42.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Liabilities not included in liabilities employed</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,963.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,915.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Total liabilities</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,352.6</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,273.8</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 3pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Products and services information</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The Company's revenue from external customers for its products and services are as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Simulation products</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,281.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,208.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in 2pt 9pt"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Training and services</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,548.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,495.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,830.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,704.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<a name="_bclFooter107"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></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_108"></A>

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<a name="_bclHeader108"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Geographic information</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company markets its products and services globally. Sales are attributed to countries based on the location of customers.&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; Non-current assets other than financial instruments and deferred tax assets are attributed to countries based on the location of the assets.</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 524pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Revenue from external customers</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>253.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>269.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,049.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>981.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>232.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>270.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>95.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>83.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>95.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>88.7</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other European countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>337.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>320.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Arab Emirates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>102.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>70.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>China</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>220.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>158.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other Asian countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>289.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>321.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Australia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>52.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>65.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>99.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>75.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,830.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2,704.5</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Non-current assets other than financial instruments and deferred tax assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>904.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1,051.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>946.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>988.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Brazil</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>118.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>124.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>250.3</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>218.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Luxembourg</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>194.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>182.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>223.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>159.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other European countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>324.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>274.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Malaysia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>197.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>0.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other Asian countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>149.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>109.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 15pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other countries</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>82.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>74.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,390.0</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3,181.3</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 31 &#8211; RELATED PARTY RELATIONSHIPS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following tables include principal investments which, in aggregate, significantly impact the results or assets of the Company:</FONT></P>

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<P style="MARGIN: 0in 0in 7pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt" face=helvetica,sans-serif>Investments in subsidiaries consolidated in the Company&#8217;s financial statements:</FONT></B></P>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>interest</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>interest</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Name</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Country of incorporation</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>AACE Vietnam Limited Liability Company<SUP>(1)</SUP></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Vietnam</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>CAE Kuala Lumpur Sdn Bhd<SUP>(1)</SUP></FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Malaysia</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Asian Aviation Centre of Excellence (Singapore) Pte Ltd<SUP>(1)</SUP></FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Singapore</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE (UK) plc</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE (US) Inc.</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Aircrew Training Services plc</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>76.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Australia Pty Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Australia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Aviation Services Pte Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Singapore</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Aviation Training B.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Aviation Training Chile Limitada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Chile</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Aviation Training Peru S.A.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Peru</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Brunei Multi Purpose Training Centre Sdn Bhd</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Brunei</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>60.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Center Amsterdam B.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Center Brussels N.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Belgium</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Centre Copenhagen A/S</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Denmark</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Centre Hong Kong Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Hong Kong</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Centre Oslo AS</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Norway</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Centre Stockholm AB</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Sweden</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE CFT B.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><B><FONT lang=EN-CA style="FONT-SIZE: 9pt" face=helvetica,sans-serif>Investments in subsidiaries consolidated in the Company&#8217;s financial statements (continued): </FONT></B>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>interest</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>interest</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Name</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Country of incorporation</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE CFT Korea Ltd.</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Korea</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Civil Aviation Training Solutions, Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Electronik GmbH</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Euroco S.&#224; r.l.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Luxembourg</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Flight &amp; Simulator Services Sdn. Bhd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Malaysia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Flight Training Center Mexico, S.A. de C.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Mexico</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Global Academy &#201;vora, SA</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Portugal</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Healthcare Canada Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Healthcare, Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Holdings Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE India Private Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>India</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Integrated Enterprise Solutions Australia Pty Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Australia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE International Holdings Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Luxembourg Acquisition S.&#224; r.l.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Luxembourg</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Luxembourg Financing S.&#224; r.l.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Luxembourg</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Maritime Middle East LLC</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Arab Emirates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Middle East L.L.C.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Arab Emirates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Military Aviation Training Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE New Zealand Pty Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>New Zealand</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE North East Training Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Oxford Aviation Academy Amsterdam B.V.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Oxford Aviation Academy Phoenix Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Services Italia S.r.l.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE SimuFlite Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

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<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Training Norway AS</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Norway</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE USA Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Verwaltungsgesellschaft mbH</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Flight Simulator-Capital L.P.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Oxford Aviation Academy (Oxford) Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Parc Aviation Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Ireland</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Ireland</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Parc Aviation UK Ltd</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Kingdom</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Parc Interim Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Ireland</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Presagis Canada Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Presagis Europe (S.A.)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>France</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Presagis USA Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Servicios de Instrucci&#243;n de Vuelo, S.L.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Spain</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>SIM-Industries Brasil Administracao de Centros de Treinamento Ltda.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT lang=FR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Brazil</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>100.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>SIV Ops Training, S.L.</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Spain</FONT></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>80.0</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>These entities became subsidiaries during the third quarter of fiscal 2018 (Note 3). </FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>CAE Financial report 2018 </FONT></FONT><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>| </FONT></FONT><FONT face=helvetica,sans-serif></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><B><FONT lang=EN-CA style="FONT-SIZE: 9pt" face=helvetica,sans-serif>Investments in joint ventures accounted for under the equity method: </FONT></B>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>% equity</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>interest</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>interest</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Name</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Country of incorporation</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Aviation Training Northeast Asia B.V.</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Netherlands</FONT></P></TD>

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Flight and Simulator Services Korea, Ltd.</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Korea</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Flight Training (India) Private Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>India</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

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   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

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   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Brazil</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>CAE Melbourne Flight Training Pty Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Australia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>China Southern West Australia Flying College Pty Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Australia</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.1</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>47.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Embraer CAE Training Services, LLC</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Emirates-CAE Flight Training LLC</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United Arab Emirates</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Flight Training Alliance GmbH (JV)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>HATSOFF Helicopter Training Private Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>India</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>HFTS Helicopter Flight Training Services GmbH</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Germany</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>JAL CAE Flight Training Co. Ltd.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Japan</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>National Flying Training Institute Private Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>India</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>51.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pegasus Ucus Egitim Merkezi A.S.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Turkey</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Pelesys Learning Systems Inc.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Canada</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>45.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Philippine Academy for Aviation Training Inc</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Philippines</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>40.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>20.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Rotorsim s.r.l.</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Italy</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Rotorsim USA LLC</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>United States</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>50.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Zhuhai Free Trade Zone Xiang Yi Aviation Technology Company Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>China</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="51%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Zhuhai Xiang Yi Aviation Technology Company Limited</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>China</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>&#8212;</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="2%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>49.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Acquisition of 45% interest in Pelesys</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The Company purchased 45% of the shares of Pelesys, a global leader in the provision of aviation training solutions and courseware, for a cash consideration of $7.7 million. This joint venture investment is accounted under the equity method. The transaction includes a series of put and call options over the remaining 55% equity interest. The options are exercisable on pre-determined dates, at fair value subject to a pre-defined cap and floor.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In fiscal 2018, the unrecognized share of losses of joint ventures for which the Company ceased to recognize when applying the equity method was $7.0 million (2017&nbsp;&#8211;&nbsp;$1.7 million (profits)). As at March&nbsp;31,&nbsp;2018, the cumulative unrecognized share of losses for these entities was $15.9 million (2017&nbsp;&#8211;&nbsp;$8.9 million) and the cumulative unrecognized share of comprehensive loss of joint ventures was $17.1 million (2017&nbsp;&#8211; $10.5 million).</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></B>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 6pt"><B><FONT lang=EN-CA style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=#5f5f5f face=helvetica,sans-serif>NOTE 32 &#8211; RELATED PARTY TRANSACTIONS</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>The following table presents the Company&#8217;s outstanding balances with its joint ventures:</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts receivable (Note 4)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>39.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>54.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>14.2</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other assets</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.4</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>27.4</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Accounts payable and accrued liabilities (Note 9)</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>9.7</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>15.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Contracts in progress: liabilities</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>3.9</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.9</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Other assets include a finance lease receivable of $9.3 million (2017 &#8211; $12.4 million) maturing in October 2022 and carrying an interest rate of 5.14% per annum, a loan receivable of $8.9 million (2017 &#8211; $8.4 million) maturing June 2026 and carrying a fixed interest rate of ten years Euro swap rate plus a spread of 2.50%, and a long-term interest-free account receivable of $7.2 million (2017 &#8211; $6.6 million) with no repayment term. As at March&nbsp;31,&nbsp;2018 and 2017 there are no provisions held against the receivables from related parties.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT color=#777777 face=helvetica,sans-serif><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#777777 face=helvetica,sans-serif>Notes to the Consolidated Financial Statements</FONT></FONT><FONT face=helvetica,sans-serif></FONT></P></DIV><FONT lang=EN-CA style="FONT-SIZE: 8.5pt" face=helvetica,sans-serif>The following table presents the Company&#8217;s transactions with its joint ventures: </FONT>

<DIV align=left>

<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

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   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Revenue</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>65.2</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>71.5</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Purchases</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2.6</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>4.0</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Other income</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.5</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="5%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #777777 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 2pt 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>In addition, during fiscal 2018, transactions amounting to $0.8 million (2017 &#8211; $1.4 million) were made, at normal market prices, with organizations for which some of the Company&#8217;s directors are officers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 2pt"><B><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Compensation of key management personnel</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-CA style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>K</FONT><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>ey 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 of key management for employee services is shown below:</FONT></P>

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<TABLE style="WIDTH: 512pt; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 3pt" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2018</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; BORDER-BOTTOM: #5a5a5a 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="8%" colSpan=3>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>2017</FONT></P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Salaries and other short-term employee benefits</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.0</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>7.1</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" face=helvetica,sans-serif>Post-employment benefits &#8211; defined benefit plans<SUP>(1)</SUP></FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>1.3</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 2pt" vAlign=bottom width="79%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>Share-based payments</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>17.8</FONT></B></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 3pt" vAlign=bottom width="5%">

   <P style="PAGE-BREAK-AFTER: avoid; MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="7%" colSpan=2>

   <P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>16.8</FONT></P></TD>

   <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11pt">

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3pt; PADDING-RIGHT: 0in" vAlign=bottom width="79%">

   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 2pt 0in"><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></B></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><B><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>26.6</FONT></B></P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

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   <P style="MARGIN: 2pt 0in"><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>$</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0in" align=right><FONT style="FONT-SIZE: 7.5pt" color=black face=helvetica,sans-serif>25.2</FONT></P></TD>

   <TD style="BORDER-TOP: #5a5a5a 1pt solid; HEIGHT: 11pt; BORDER-BOTTOM: #777777 1.5pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" vAlign=top width="1%">

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<P style="MARGIN: 2pt 0in 0pt"><SUP><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>(1)</FONT></SUP><SUP><FONT lang=EN-CA style="FONT-SIZE: 8.5pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif> </FONT></SUP><FONT lang=EN-CA style="FONT-SIZE: 7pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif>Includes net interest on employee benefits obligations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-CA style="FONT-SIZE: 8pt; LINE-HEIGHT: 120%" face=helvetica,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: left"><FONT size=5 face=Arial,Arial,Helvetica,sans-serif>Board of Directors and Officers</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>BOARD OF DIRECTORS</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>James F. Hankinson</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chair of the Board CAE Inc. Toronto, Ontario</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Margaret S. (Peg) Billson </FONT></B><SUP><FONT color=#010101 size=2 face=Arial,Arial,Helvetica,sans-serif>2 </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Albuquerque, New Mexico</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>The Honourable Michael M. Fortier, P.C.</FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1* </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Vice Chair RBC Capital Markets Town of Mount Royal, Qu&#233;bec</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Alan N. MacGibbon </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1, 2* </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Toronto, Ontario</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>The Honourable John Manley,</FONT></B></P>

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   <TD align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>P.C., O.C.</FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1, </FONT></SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3</FONT></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>President and Chief Executive Officer Business Council of Canada Ottawa, Ontario</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Fran&#231;ois Olivier </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2 </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>President and Chief Executive Officer Transcontinental Inc. Montr&#233;al, Qu&#233;bec</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Marc Parent</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>President and Chief Executive Officer CAE Inc. Montr&#233;al, Qu&#233;bec</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Michael E. Roach </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2 </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Montreal, Qu&#233;bec</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Gen. Peter J. Schoomaker U.S.A. (Ret.) </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1, 3 </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Tampa, Florida</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Andrew J. Stevens </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>1, 3* </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Gloucestershire, UK</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Katharine B. Stevenson </FONT></B><SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>2, 3 </FONT></SUP><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Director Toronto, Ontario</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>OFFICERS</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>James F. Hankinson</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chair of the Board</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Marc Parent</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>President and</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chief Executive Officer</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Nick Leontidis</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Group President</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Civil Aviation Training Solutions</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT color=#010101 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Gene Colabatistto</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Group President Defence &amp; Security</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Sonya Branco</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Vice President, Finance and Chief Financial Officer</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Mark Hounsell</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>General Counsel,</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chief Compliance Officer and Corporate Secretary</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Constantino Malatesta</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Vice President and Corporate Controller</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Mario Pizzolongo</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Treasurer</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>1 </FONT></SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Member of the Human Resources Committee </FONT><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>2 </FONT></SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Member of the Audit Committee </FONT><SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>3 </FONT></SUP><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>Member of the Governance Committee</FONT></P>

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   <P align=justify><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>indicates Chair of the Committee</FONT></P></TD></TR>

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   <TD vAlign=top width="2%" noWrap><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>106</FONT>&nbsp; &nbsp; &nbsp; </TD>

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   <P align=justify><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>| CAE Financial Report 2018</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><FONT size=6 face=Arial,Arial,Helvetica,sans-serif>Shareholder and Investor Information</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>CAE SHARES</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>CAE&#8217;s shares are traded on the Toronto Stock Exchange (TSX) and on the New York Stock Exchange (NYSE) under the symbol &#8220;CAE&#8221;.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>TRANSFER AGENT AND REGISTRAR</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Computershare Trust Company of Canada 100 University Avenue, 8th Floor Toronto, Ontario M5J 2Y1 Tel. 514-982-7555 or 1-800-564-6253 (toll free in Canada and the U.S.) www.computershare.com</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>DIVIDEND REINVESTMENT PLAN</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Registered shareholders of CAE Inc. who are resident in Canada or the United Kingdom and who wish to receive dividends in the form of CAE Inc. common shares rather than a cash payment, may participate in CAE's dividend reinvestment plan. In order to obtain the dividend reinvestment plan form, please contact Computershare Trust Company of Canada or go to www.cae.com/dividend.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>DIRECT DEPOSIT DIVIDEND</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Canadian resident registered shareholders of CAE Inc. who receive cash dividends may elect to have the dividend payment deposited directly to their bank accounts instead of receiving a cheque. In order to obtain the direct deposit dividend form, please contact Computershare Trust Company of Canada.</FONT></P>

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   <TD vAlign=top width="2%" noWrap><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>www.</FONT>&nbsp; &nbsp; &nbsp; </TD>

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   <P align=justify><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>cae.com/dividend</FONT></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>DUPLICATE MAILINGS</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>To eliminate duplicate mailings by consolidating accounts, registered shareholders must contact Computershare Trust Company of Canada; non-registered shareholders must contact their investment brokers.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>INVESTOR RELATIONS</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Quarterly and annual reports as well as other corporate documents are available on our website at www.cae.com. These documents can also be obtained from our Investor Relations department.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Investor Relations</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>CAE Inc.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>8585 C&#244;te-de-Liesse Saint-Laurent, Qu&#233;bec H4T 1G6 Tel. : 1-866-999-6223 investor.relations@cae.com</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Version fran&#231;aise</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Pour obtenir la version fran&#231;aise du rapport financier, s&#8217;adresser &#224; investisseurs@cae.com.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2018 ANNUAL MEETING</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>The Annual Shareholders Meeting will be held at 11 a.m. (Eastern Time), Tuesday, August 14, 2018 at the CAE Head Office (Entrance 4 - Auditorium), 8585 C&#244;te-de-Liesse, Saint-Laurent, Qu&#233;bec, Canada. The meeting will also be webcast live on CAE&#8217;s website, www.cae.com.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>AUDITORS</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>PricewaterhouseCoopers LLP</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chartered Professional Accountants Montreal, Qu&#233;bec</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>TRADEMARKS</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Trademarks and/or registered trademarks of CAE Inc. and/or its affiliates include but are not limited to CAE, CAE Medallion 6000, CAE Simfinity, CAE Fidelis Lucina, CAE VimedixAR, CAE Juno, CAE Lucina AR, CAE Rise, CAE V&#239;vo, Dynamic Synthetic Environment (DSE), CAE 7000XR Series, CAE 3000 Series, CAE 600XR Series FTD. All other brands and product names are trademarks or registered trademarks of their respective owners. All logos, tradenames and trademarks referred to and used herein remain the property of their respective owners and may not be used, changed, copied, altered, or quoted without the written consent of the respective owner. All rights reserved.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>CORPORATE GOVERNANCE</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>The following documents pertaining to CAE&#8217;s corporate governance practices may be accessed either from CAE&#8217;s website (www.cae.com) or by request from the Corporate Secretary:</FONT></P>

<UL>

<LI>

<P align=justify><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Board and Board Committee</FONT> <FONT size=2 face=Arial,Arial,Helvetica,sans-serif>charters</FONT></P>

<LI>

<P align=justify><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Position descriptions for the Board</FONT> <FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Chair, the Committee Chairs and</FONT> <FONT size=2 face=Arial,Arial,Helvetica,sans-serif>the Chief Executive Officer</FONT></P>

<LI>

<P align=justify><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>CAE&#8217;s Code of Business Conduct</FONT></P>

<LI>

<P align=justify><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Corporate Governance Guidelines</FONT></P></LI></UL>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>Most of the New York Exchange&#8217;s (NYSE) corporate governance listing standards are not mandatory for CAE. Significant differences between CAE&#8217;s practices and the requirements applicable to U.S. companies listed on the NYSE are summarized on CAE&#8217;s website. CAE is otherwise in compliance with the NYSE requirements in all significant respects.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=1 face=Arial,Arial,Helvetica,sans-serif>CAE Financial Report 2018 | 107</FONT></P></DIV>

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<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">FORWARD-LOOKING STATEMENTS</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">This annual 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 vision, strategies, market trends and outlook, future revenues, capital spending, expansions and new initiatives, financial obligations and expected sales. Forward-looking statements normally contain words like </FONT><I><FONT size=2 face="Arial-ItalicMT,Arial,Helvetica,sans-serif">believe, expect, anticipate, plan, intend, continue, estimate, may, will, should, strategy, future </FONT></I><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">and similar expressions. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties associated with our business which may cause actual results in future periods to differ materially from results indicated in forward-looking statements. While these statements are based on management&#146;s expectations and assumptions regarding historical trends, current conditions and expected future developments, as well as other factors that we believe are reasonable and appropriate in the circumstances, readers are cautioned not to place undue reliance on these forward-looking statements as there is a risk that they may not be accurate.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Important risks that could cause such differences include, but are not limited to, risks relating to the industry such as competition, level and timing of defence spending, government-funded defence and security programs, constraints within the civil aviation industry, regulatory rules and compliance, risks relating to CAE such as product evolution, research and development (R&amp;D) activities, fixed-price and long term supply contracts, strategic partnerships and long-term contracts, procurement and original equipment manufacturer (OEM) leverage, warranty or other product-related claims, product integration and program management, protection of our intellectual property, third-party intellectual property, loss of key personnel, labour relations, environmental matters, claims arising from casualty losses, integration of acquired businesses, our ability to penetrate new markets, U.S. foreign ownership, control or influence mitigation measures, length of sales cycle, seasonality, continued returns to shareholders, information technology systems including cybersecurity risk, data privacy risk and our reliance on technology and third-party providers, and risks relating to the market such as foreign exchange, availability of capital, pension plan funding, doing business in foreign countries including corruption risk, political instability and income tax laws. Additionally, differences could arise because of events announced or completed after the date of this report. You will find more information in the </FONT><I><FONT size=2 face="Arial-ItalicMT,Arial,Helvetica,sans-serif">Business risk and uncertainty </FONT></I><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">subsection of the Management&#146;s Discussion and Analysis section of this annual report. We caution readers that the risks described above are not necessarily the only ones 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="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Except as required by law, we disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The forward-looking information and statements contained in this annual report are expressly qualified by this cautionary statement.</FONT></P>
<P style="text-align: left;">
<FONT size=1 face="Arial,Arial,Helvetica,sans-serif">108 | CAE Financial Report 2018</FONT></P>
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<FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">As an eTree member, CAE Inc. is committed to meeting shareholder needs</FONT><BR>
<FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">while being environmentally friendly. For each shareholder that receives</FONT><BR>
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<FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">through Tree Canada, the leader in Canadian urban reforestation. To date</FONT><BR>
<FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">CAE has helped plant 5,267 trees.</FONT></P>
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<FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">FSC</FONT><SUP><FONT size=1 face="Open Sans,Arial,Helvetica,sans-serif">&#174; </FONT></SUP><FONT size=1 face="OpenSan1,Arial,Helvetica,sans-serif">Mix certified paper containing 30% post-consumer and 70% virgin fibre</FONT><BR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
