Investor Presentaiton

Fiscal management Low debt burden Debt to GDP 60% 50% 40% 30% 20% 18% 10% 8% 6% 36% 40% 52% 35% 34% 41% 17% 0% BC AB SK MB ON QC NB NS PE NL (1) Debt to GDP calculated by Alberta Treasury Board and Finance. Ratios are based upon available public accounts; include public debt and P3 liabilities, but exclude unfunded pension liability and excludes debt of government business enterprises. (2) AB, BC, SK and NS ratios based on fiscal year 2015-2016. MB, ON, QC, NB, PE and NL ratios are based on 2014-2015 fiscal year. Alberta 19

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