Investor Presentaiton

Fiscal management AB's fiscal capacity AB's Tax Advantage estimated at $7.5B(1) SK BC NL ON NB MB PE NS $7.5 QC $0 $4 $8 (billions of dollars) Sales Tax $8.9 $11.3 $12.1 $16.1 $12 $16 $16.4 $17.6 $18.5 $19.4 $20 ■Other Taxes / Carbon Charges (1) Reflects total additional provincial tax and carbon charges that individuals and businesses would pay if Alberta had the same tax system and carbon charges as other provinces (Mar 24/16). Includes personal income, corporate income, sales, fuel, tobacco, payroll, liquor, land transfer and other minor taxes, as well as health premiums, liquor markups and full implementation of announced provincial carbon charge. Alberta 18

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