Investor Presentaiton

5-year 3.5 Billion USD Global Benchmark Issue Transaction Summary Issuer: Issuer Ratings: Joint Bookrunners: Size: Coupon: Settlement date: Maturity date: Offer spread: Province of Ontario Aa3/A+/AA-/AAL (all stable) BofA Securities, Citi, RBC Capital Markets, and TD Securities USD 3.5 Billion 0.625% (semi-annual) January 21, 2021 January 21, 2026 +17 bps over mid-swaps +24.6 bps over US Treasury Yield Distribution by Geography . Issuer Highlights • The $3.5 billion 5-year USD issue was Ontario's third USD benchmark transaction in fiscal year 2020-21. • The final orderbook closed in excess of USD 7.3 billion, with over 140 orders, representing the largest orderbook for any Ontario USD benchmark in history. • The deal saw broad participation from investors by geography and investor type. Investors from the EMEA region accounted for the largest share of the allocation at 54%. Investor Demand by Type 3% Bank Treasuries 11% EMEA Americas 23% 54% 35% Ontario Asia 7% 33% 34% Central Banks and Official Institutions* Asset Managers ■Pensions, Insurance Companies, Corporates Others May include government/public sector pension plans, government/public sector investment agencies/boards. 15

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