Investor Presentaiton

• Despite oil price drop, Alberta's economic strength & solid fundamentals remain - - Alberta's (AB) economy hit hard by drop in oil prices Real GDP recovery starting in 2017, after declines in 2015 and 2016 Economy has softened, but core strength remains Broad-based economic growth Economy is very capital intensive - Highest GDP per capita of any province - Unemployment rate at 20-yr high - - - However, AB still has the highest employment rate and average incomes of any province Continue to have solid fundamentals. Demonstrated resiliency to commodity price shocks Skilled workforce, with young population - Largest fiscal capacity among provinces. Alberta 0 84 3

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