Albertan Canada Economic and Pipeline Update

YTD Borrowing activity Diversification YTD 74% 20% 3% 3% • Domestic Benchmarks - 3.05% Dec 1/48 - $4.1 B - 2.55% June 1/27 - $2.0B • Domestic Re-openings • · ■CAD ■ GBP ■ USD . ■ AUD - 1.60% Sep 1/22 - $0.75B ($1.8 B outstanding) Sterling Re-opening - 1.00% Nov 15/21 - £0.15B GBP (£0.8B outstanding) US SEC Registered Benchmark - 2.2% July 26/22 - $1.5B USD AUD Issuance - 3.6% Apr 11/28 - $0.25B AUD - 3.1% Dec 14/26 -$0.05B AUD ($0.25B outstanding) $9.3B borrowed YTD or 58% of 2017-18 requirement 15 Albertan Canada

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