Investor Presentaiton

MOVING MANITOBA FORWARD Last 5 Years Avg. Funding Sources CAD MTN, 8% CAD FRN, CAD Public Debentures, 56% 2% USD Global, 16% AUD ✓ CHF EUR ✓ CAD Debentures, GBP ✔ Other Int'l Markets, 18% Private Placements 41% HKD JPY ✓ NZD ✓ SEK ✓ 9 Post-Budget CAD MTN Private Placements 17% CAD Debentures, Public Placements 19% CHF✓ International 14% EUR ✓ T-Bills 9% Manitoba

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