Investor Presentaiton

10-year EUR 2.5 Billion EMTN Issue Transaction Summary Issuer: Issuer Ratings: Joint Bookrunners: Size: Coupon: Province of Ontario Aa3/A+/AA-/AAL (all stable) BNP Paribas, HSBC, RBC Capital Markets, TD EUR 2.5 Billion 0.010% November 24, 2020 Issuer Highlights • • This transaction was Ontario's largest ever EUR benchmark issuance, the Province's second EUR benchmark for 2020, (following the EUR 1 billion 7-year bond from April). • Over 130 individual investors participated in the transaction and the final order book was in excess of EUR 4.3 billion. By investor type, banks led the transaction (46%) while by geography, Germany saw the largest allocation (34%). Settlement Date: Maturity Date: Offer Spread: November 25, 2030 Mid-swaps +24 bps / 56.9 bps over DBR 0.00% Aug-30 Distribution by Geography 5% 4% 6% 8% 12% Ontario 13% 18% Germany France ■Benelux 34% UK Austria & Switzerland Other Europe Americas Asia/ME Investor Demand by Type 42% 12% 46% Bank Treasuries/ Corporates Asset Managers/ Insurance/ Pension Funds/other ■Central Banks/Official Institutions* * May include government/public sector pension plans, government/public sector investment agencies/boards, and/or other. 17

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