1. 1 A Capital Opportunity A GROWTH MARKET FOR RENEWABLE ENERGY AND CLEAN TECHNOLOGY COMPANIES

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3. 3 #7 exchange in the world by market value #4 weighting in the MSCI World Index #3 exchange in the world for equity capital raised #2 exchange in the world for total listings #1 exchange in the world for new listings Source: World Federation of Exchanges, December 2012 Canada and TSX: Overview

4. Canada and TSX: Strong Fundamentals Economically stable Canada is the fourth largest equity market by float capitalization in the MSCI World Index Worlds soundest banking system* Lowest debt-to-GDP among G7 Strong equity culture The global exchange leader for new listings in 2012, 2011, 2010 and 2009 ~$2.2 trillion in market cap Resource rich Poised to be a leader in driving the global clean economy 4 * World Economic Forum, September 2012, five years in a row

5. 198719921997200220072012 2.5% 2.3% 2.2% 3.7% 4.9% 5 Canada and TSX: Strong Growth Canadas Country Weight in the MSCI World Index Source: MSCI Barra

6. Global Exchange Leader for New Listings in 2012 6 TSX/TSXV LSE/ AIM NYSE/MKT Euronext (US) NasdaqASX Hong Kong Exchanges Number of Issuers Listed 3,8272,7672,3392,5772,0561,547 Quoted Market Value (US$ Billions) 2,058.83,396.514,085.94,582.41,386.92,831.9 New Listings International New Listings 372 31 115 33 146 32 N/A 73 12 64 2 Equity Capital Raised (US$ Billions) 56.335.7124.223.8*43.839.2 Value Traded (US$ Billions) 1,357.32,194.313,422.79,784.2936.01,106.1 Source: World Federation of Exchanges, December 2012 * NASDAQ information does not include secondary financings

7. Access to Capital 7 Toronto Stock Exchange and TSX Venture Exchange Total Financings (C$ Billions) 1999 – 2012 * TSX Venture Exchange commenced operations on November 29, 1999 Average Financing Size: TSX: $70M TSXV: $3M

8. Large and Diverse Issuer Base Number of Issuers by Sector 8 Mining 1,638 Oil & Gas & Energy Services 461 Diversified Industrials 249 Structured Products 219 Life Sciences 108 ETPs 296 Financial Services 124 CPC 135 Renewable Energy/Clean Technology 119 Real Estate 101 Technology 175 Utilities & Pipelines 29 Comm & Media 53 Forest Products 24 * As at August 31, 2013, includes issuers on Toronto Stock Exchange and TSX Venture Exchange (100% = 3,731)

9. Service at All Stages of Growth Serving all Market CapsA Unique Market Structure with Strong Feeder System 569 graduates +136 M&A* * Market Capitalization, June 30, 2013 9 576 Issuers 2,089 Issuers 449 Issuers 110 534 Issuers 11 *From January 1, 2000 – June 30, 2013

10. The World Lists on TSX and TSXV 10 TSX and TSXV International Listings by Country/Region Total international listings as at August 31, 2013= 324 TSX = 173 listings QMV=$152.2 B TSXV = 151 listings QMV= $2.8 B

11. The World Trades on TSX and TSXV ~40 % of daily trading originates from international brokers 11 TSX and TSX Venture Exchange Volume & Transactions (2004-2012)

12. Leading a Growing Renewable Energy and Clean Technology Sector 12

13. Overview 13 $ 19B #1#1 in listed renewable energy and clean technology companies globally 119 companies listed Issuers from Canada, US, Europe and Asia Diverse end-markets and service offerings 4 out of 5 13 in total market capitalization At/near highest ever market value Average market cap for TSX issuers is $432M Average market cap for TSXV issuers is $10M $ 2.1B in equity capital raised since 2012 Over $1B raised in each of last 4 years Average offering size for TSX issuers is $66M* Average offering size for TSXV issuers is $1M* TSX renewable energy and clean technology issuers get analyst coverage 140 research analysts cover the sector Average of 3 analysts per company Analysts based in Canada, US and Europe Analyst coverage as at December 31, 2012; all other data as at August 31, 2013 *January 1, 2012 – August 31, 2013

14. Why the World Lists on TSX and TSXV 1.LARGE AND DIVERSE ISSUER BASE 2.SECTOR GROWTH AND PERFORMANCE 3.ACCESS TO CAPITAL 4.GLOBAL RESEARCH FOLLOWING 5.SERVICE AT ALL STAGES OF GROWTH 14

15. Large and Diverse Issuer Base: Overview 15 By Market Capitalization Breakdown of TSX and TSXV Renewable Energy and Clean Technology Issuers By Sub Sector * Market Capitalization, August 31, 2013 14 Issuers 74 Issuers 14 Issuers 15 Issuers 2

16. Large and Diverse Issuer Base: Largest TSX Issuers 16 ExchangeCompany Name Market Capitalization ($M) 31-Aug-13Subsector Analyst Coverage Share Performance (YTD 31-Aug-13) TSXBrookfield Renewable Energy Partners L.P. 3,623Renewable Energy Production and Distribution 12(7.8%) TSXNorthland Power Inc. 2,134Renewable Energy Production and Distribution 12(24.2%) TSXWestport Innovations Inc. 1,633Energy Efficiency 173.2% TSXAlgonquin Power & Utilities Corp 1,496Renewable Energy Production and Distribution 11(4.9%) TSXTransAlta Renewables Inc. 1,158Renewable Energy Production and Distribution 31.2% TSXInnergex Renewable Energy Inc. 997Renewable Energy Production and Distribution 10(16.6%) TSXNewalta Corporation 842Waste Reduction and Water Management 11(5.9%) TSXNew Flyer Industries Inc. 681Energy Efficiency 624.9% TSXBoralex Inc. 657Renewable Energy Production and Distribution 714.1% TSXSunOpta Inc.629Low Impact Material & Products 965.5% 43 issuers | Average market cap: $432M | 13 graduates from TSXV

17. Large and Diverse Issuer Base: Largest TSXV Issuers 17 ExchangeCompany Name Market Capitalization ($M) 31-Aug-13Subsector Analyst Coverage Share Performance (YTD 31-Aug-13) TSXVEnWave Corporation 125Low Impact Material and Products1 15.9% TSXVRDX Technologies Corporation 41Waste Reduction and Water Management5 (41.7%) TSXVTitanium Corporation Inc. 38Low Impact Material and Products3 (14.5%) TSXVCrailar Technologies Inc. 38Low Impact Material and Products2 (59.5%) TSXVZenn Motor Company Inc 34Energy Efficiency4 30.8% TSXVNatcore Technology Inc 25Renewable Energy Equipment Manufacturing and Tech- (30.1%) TSXVAqua-Pure Ventures Inc. 25Waste Reduction and Water Management1 128.0% TSXVWavefront Technology Solutions Inc 23Waste Reduction and Water Management- (32.5%) TSXVDynaCERT Inc. 23Energy Efficiency- (11.8%) TSXVQuestor Technology Inc. 22Low Impact Material and Products- 117.3% 76 issuers | Average market cap: $10M | 33 former CPCs

18. Sector Growth and Performance Growth of Sector: Year-End Market Capitalization (C$M) 18 Performance of S&P/TSX Renewable Energy and Clean Technology Index

19. Access to Capital: Overview 19 $ 6.3B in equity capital raised since 2009 19 2012 Equity Capital Raised by Sub Sector 2012 Equity Capital Raised by Issuer Size * C$ Millions Run rate of >$1bn for 5 th consecutive year

20. Access to Capital: Largest TSX Financings (2012-13) 20 ExchangeCompany NameSubsector Financing Date (Month/Year) Amount Raised (C$M) TSXWestport Innovations Inc.Energy EfficiencyFebruary 2012 275 TSXBrookfield Renewable PowerRenewable Energy Production and DistributionOctober 2012 250 TSXTransAlta Renewables Inc.Renewable Energy Production and DistributionAugust 2013 221 TSXBrookfield Renewable PowerRenewable Energy Production and DistributionJanuary 2013 175 TSXBrookfield Renewable PowerRenewable Energy Production and DistributionMay 2013 175 TSXInnergex Renewable Energy Inc.Renewable Energy Production and DistributionAugust 2012 134 TSXAlgonquin Power & Utilities CorpRenewable Energy Production and DistributionNovember 2012 120 TSXNorthland Power Inc.Renewable Energy Production and DistributionMay 2012 120 TSXNew Flyer Industries Inc.Energy EfficiencyFebruary 2013 116 TSXNewalta CorporationWaste Reduction and Water ManagementOctober 2012 77 30 financings | Equity capital raised: $2B | Average offering size: $68M *From January 2012 – August 2013

21. Access to Capital: Largest TSXV Financings (2012-13) 21 61 financings Equity capital raised: $117M Average offering size: $2M ExchangeCompany NameSubsector Financing Date (Month/Year) Amount Raised (C$M) TSXVNesscap Energy IncEnergy EfficiencyJanuary 2012 20 TSXVInnovative Composites International IncLow Impact Material and ProductsJanuary 2012 10 TSXVCRS Electronics IncEnergy EfficiencyJune 2012 9 TSXVNesscap Energy IncEnergy EfficiencyAugust 2012 9 TSXVAgriMarine Holdings IncLow Impact Material and ProductsMarch 2012 5 TSXVInnovente IncRenewable Energy Equipment Manufacturing and TechJanuary 2012 5 TSXVPyroGenesis Canada Inc.Waste Reduction and Water ManagementApril 2012 4 TSXVLignol Energy CorporationRenewable Energy Equipment Manufacturing and TechDecember 2012 3 TSXVNatcore Technology Inc.Renewable Energy Equipment Manufacturing and TechAugust 2013 3 TSXVCatch The Wind LtdRenewable Energy Equipment Manufacturing and TechSeptember 2012 3 100 financings | Equity capital raised: $143M | Average offering size: $1M *From January 2012 – August 2013

22. Global Research Following Average Analyst Coverage by Market Capitalization 22 Market Capitalization (C$ Millions) Companies of all sizes receive analyst coverage 140 research analysts from Canada, the US and Europe cover the sector Average of 3 analysts per company 22 *Source Capital IQ, December 31, 2012

23. Service at All Stages of Growth: TSX Venture 50 Supporting Emerging Stars TSX Venture 50 ® - Clean Technology Top 10 23 66 % Average One Year Market Cap Growth 20 % Average Share Price Growth in 2012 180M Volume of Shares Traded in 2012 Sector RankingTickerCompany NameListing Date Share price ($) 31-Dec-11 Share Price ($) 31-Dec-12 Share Price Change (%) 2012 52 Week High/Low Market Cap ($) 31-Dec-11 Market Cap ($) 31-Dec-12 Market Cap Change (%) Number of Shares O/S 31-Dec-12 2012 Trading Volume Analyst Coverage 1 OPLOPEL Technologies Inc.05-Dec-07 0.35 0.5868%0.70/0.20 32,093,770 68,166,597112% 117,528,615 66,900,530- 2 NXTNatcore Technology Inc.°19-May-09 0.56 0.7941%1.55/0.37 13,580,527 30,478,871124% 38,580,849 32,570,721- 3 WNDWestern Wind Energy Corp.18-Feb-02 2.01 2.8039%2.81/1.14 118,495,423 196,665,86566% 70,237,809 41,178,8314 4 IGEInnovente Inc.02-Dec-10 0.40 0.5025%0.86/0.40 4,784,450 15,741,855229% 31,483,709 1,909,708- 5 QSTQuestor Technology Inc.03-Mar-98 0.28 0.4147%0.49/0.28 6,835,777 10,127,98548% 25,007,370 3,999,691- 6 WMTWest Mountain Capital Corp.°27-Dec-07 0.19 0.2847%0.30/0.13 7,199,353 10,609,57347% 37,891,332 1,682,3301 7 ENWEnWave Corporation09-Aug-99 1.58 1.40-11%1.75/1.16 113,070,472 107,795,486-5% 76,996,776 11,802,6281 8 ACUACT Aurora Control Technologies Corp.°07-Nov-11 0.37 0.33-10%0.39/0.27 3,095,548 5,171,75367% 15,671,980 1,669,502- 9 CLCrailar Technologies Inc.08-Jul-08 2.24 2.15-4%3.55/1.84 90,081,096 95,092,7766% 44,229,198 5,568,8653 10 ZNNZenn Motor Company Inc.°06-Feb-06 1.14 0.67-41%1.87/0.61 42,559,521 26,738,302-37% 39,907,913 12,781,3814

24. Service at All Stages of Growth: The Renewable Energy and Clean Technology Benchmark Index for TSX Issuers Launched in March 2010 The S&P/TSX Renewable Energy and Clean Technology Index measures performance of companies listed on the TSX whose core business is the development of green technologies and sustainable infrastructure solutions. Constituents are screened by Sustainalytics, one of the world's leading providers of environmental, social, and governance research and analysis. EcoSynthetix Inc. (ECO) GLV Inc. (GLV.A) Innergex Renewable Energy Inc. (INE) KP Tissue Inc. (KPT) New Flyer Industries Inc. (NFI) Newalta Corporation (NAL) Northland Power Inc. (NPI) 5N Plus Inc. (VNP) Algonquin Power & Utilities Corp. (AQN) Ballard Power Systems Inc. (BLD) Boralex Inc. (BLX) Brookfield Renewable Energy Partners LP (BEP.UN) Capstone Infrastructure Corporation (CSE) Cascades Inc. (CAS) S&P/TSX Renewable Energy and Clean Technology Index Primary Energy Recycling Corporation (PRI) Pure Technologies Ltd. (PUR) SunOpta, Inc. (SOY) Tembec Inc. (TMB) WaterFurnace Renewable Energy Inc. (WFI) Westport Innovations Inc. (WPT) 24

25. How to List on TSX and TSXV 25

26. Multiple Pathways to Listing 26 CPC Capital Pool Company SPAC Special Purpose Acquisition Corp. RTO Reverse Takeover/ Reverse Merger QT Qualifying Transaction/ Acquisition IPO Initial Public Offering Dual or Interlisting

27. Capital Pool Company (CPC) Program has a Strong Track Record Anatomy of a Qualifying Transaction (QT) Since inception 2,391 CPCs were created 83% have completed their QT 1,993 companies Currently 347 graduates now trade on TSX 95 of the grads were CPCs 105 QTs since 2012 CPCPrivate Company Qualifying Transaction Coinciding Private Placement New TSX Venture Company 27 A new clean CPC shell has none of the hidden costs of a shell with previous operating history As at August 31, 2013

28. Specific Listing Criteria Technical Listing Requirements 28

29. Mining Orlee Wertheim 416 947-4477 orlee.wertheim@tsx.com Mining Americas Carlos Espinosa 416 814-8861 carlos.espinosa@tsx.com Oil & Gas Monica Rovers 403 218-2805 monica.rovers@tsx.com Diversified Industries Justin Canivet 416 947-4710 justin.canivet@tsx.com Asia George Gao (8610) 6505 5811 george.gao@tsx.com Europe · 44 20 3194 2529 China · (+86 10) 6505-8011 North America · 1 888 873 8392 Renewable Energy and Clean Technology Michael Kousaie 416 947-6626 michael.kousaie@tsx.com A Capital Opportunity A GROWTH MARKET FOR RENEWABLE ENERGY AND CLEAN TECHNOLOGY COMPANIES Contact our Business Development Team to learn more about your Capital Opportunity