Investor Presentaiton

• • Financial management Heritage Fund & Endowments Book Value ($ billions) $16 $12 $8 $4 $0 LLL 2015-16 ■ Heritage Fund 2016-17 Endowments Heritage Fund assets remain untouched 2017-18 ■Contingency Contingency Account exhausted in late 2016-17 Alberta 22 22

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