Investor Presentaiton

(%) 9 8 7 6 5 4 -1 -3NTOT N 2 1 0 -2 2000 2001 Economic structure Unemployment rate gradually eases Alberta Labour Market Indicators 2002 2003 2004 Unemployment Rate -Employment Growth -Labour Force* Growth T 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016f (Q1) Weak labour market anticipated to improve moving forward Source: Statistics Canada and Alberta Treasury Board and Finance, f-forecast, Q1-first quarter update, B-2016 Budget Alberta 2017f (Q1) 2018f (B) 2019f (B) 12

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