Investor Presentaiton

ATCO CORPORATE: COMMERCIAL REAL ESTATE ATCO Investments Ltd. (AIL), a subsidiary of ATCO Ltd., currently owns 15 commercial real estate properties throughout Alberta • 417,000 Square footage of saleable or leasable office space 90,000 square footage of saleable or leasable industrial space 431 acres of land In Q3 2018, ATCO Investments concluded two commercial real estate sale transactions for a net gain of approximately $13M. INVESTOR PRESENTATION FEBRUARY 2019 45 Calgary office space ATCO Edmonton industrial space Ft. McMurray office space Heartland industrial land CLS 63 NORTH F ATCO

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