Investor Presentaiton

35 35 Government of Canada & related issuers Back Canada *EDC CANADA HOUSING TRUST CPP BOARD INVESTMENT PSP Issuer Government of Canada Export Development Canada Canada Housing Trust CPPIB Capital PSP Capital Ownership 100% Owned by the Government of Canada 100% Owned by the Government of Canada 100% Owned by the Government of Canada Legal Status Sovereign Agent of the Crown Support Credit Rating (Moody's/S&P/DBRS/ Fitch Ratings) Sovereign Risk Aaa/AAA/AAA / AA+ Agent of the Crown 100% Owned by the Government of Canada 100% Owned by the Government of Canada Non-Agent Crown Non-Agent Crown Irrevocable, full faith and credit obligation of the sovereign Irrevocable, full faith and credit obligation of the sovereign No sovereign risk; transfers from CPPIB are not permitted unless asset values exceed liabilities No sovereign risk; Government of Canada is responsible for pension liabilities Aaa/AAA/AAA / N/A Aaa/AAA/AAA / N/A Aaa/AAA/AAA / N/A Aaa/AAA/AAA / AAA PSP

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