Investor Presentaiton

. Financial management Borrowing platform continued Foreign currency borrowing US$ Global Issues in 3, 5, 7, and 10 years - - Expect more frequent issuance as SEC Registered program comes online in late 2016. US$ CP program online with SEC Registration Continued Euro placements in longer terms with potential for larger benchmark issues ⚫ MTN and structured issues in other currencies, including under the new AUD program as opportunities arise Successful international issuances support growth in international borrowing program Alberta 26

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