Investor Presentation

Double-Digit Total Shareholder Returns 32.7% 1 17.2% 16.0% 14.4% 14.9% 11.5% 1 -Year 5-Years 10-Years 15-Years 20-Years 25-Years (1) Compound annual growth rate for a stock, which includes share price appreciation and re-invested dividends. Calculated in Canadian dollars. Source: Bloomberg, as at July 31, 2014. 18

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