Investor Presentaiton

Economic structure Long-standing economic prosperity Nominal GDP per capita ($ Thousands) 100 90 80 70 60 50 40 30 20 10 Rest of Canada Range Rest of Canada Average -Alberta 0 1984 1987 Alberta 1990 1993 1996 1999 2002 AB has strong fundamentals with highest Nominal GDP per capita in Canada Sources: Statistics Canada, Alberta Treasury Board and Finance and TD Economics (July 6, 2016) 2005 2008 2011 2014 2017f 9

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