Investor Presentaiton

($ Thousands) Economic structure Long-standing economic prosperity Nominal GDP per capita 100 90 80 70 60 50 40 30 20 10 0 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017f Alberta -Ontario -BC -Rest of Canada Average AB has proven to be resilient in the face of tough economic times Sources: Statistics Canada, Alberta Treasury Board and Finance and TD Economics (Sept 29, 2016) Alberta 9

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