1. A Capital Opportunity A Global Market for Companies

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3. 3 Canada and TSX: Strong Fundamentals Economically stable Canada is the fifth largest equity market by float capitalization in the MSCI World Index World’s soundest banking system Lowest debt-to-GDP among G7 Strong equity culture ~$2.4 trillion in market cap $270 billion in equity capital raised in last 5 years A dynamic marketplace Robust marketplace Access to capital History of innovation Committed to growth

4. Canadian Markets… Global Leaders 4 1 st In Listed Mining Companies Worldwide In Listed Oil and Gas Companies Worldwide In Market CapitalizationIn Equity Financing In Global Mining and Global Gold S&P/TSX Indices In Exchange-Traded Funds (ETFs) Originator of the World’s First ETF 1 st In Listed Clean Technology Companies Worldwide 1 st 2 nd 7 th In the World by Number of New Listings In the World by Number of Listed Companies 2 nd Source: World Federation of Exchanges, December 2013, TSX and TSXV Market Intelligence Group 4

5. 5 Global Exchange Leader in 2013 5 TSX/TSXV LSE/ AIM NYSE/MKT Euronext Nasdaq OMXASX Hong Kong Exchanges Number of Issuers Listed 3,6732,7363,4333,3922,0551,643 Quoted Market Value (US$ Trillions) 2.14.421.57.41.43.1 New Listings International New Listings 266 25 170 32 325 35 144 N/A 84 19 110 4 Equity Capital Raised (US$ Billions) 42.047.5202.877.549.048.3 Value Traded (US$ Trillions) 1.42.215.410.20.91.3 Source: Capital IQ and World Federation of Exchanges, December 2013

6. Access to Capital 6 Toronto Stock Exchange and TSX Venture Exchange Total Financings (C$ Billions) 1999 – 2013 * TSX Venture Exchange commenced operations on November 29, 1999 Average Financing Size: TSX: $67M TSXV: $2M Toronto Stock Exchange TSX Venture Exchange

7. Diverse Issuer Base 7 Mining 1,618 Oil & Gas & Energy Services 449 ETPs 296 Structured Products 214 Life Sciences 110 Diversified Industrials 254 Financial Services 122 CPC 115 Clean Technology 116 Real Estate 106 Technology 169 Utilities & Pipelines 29 Comm & Media 52 Forest Products 23 *As at December 31, 2013, Includes issuers on TSX and TSXV (100% = 3,673) Number of Issuers by Sector

8. 8 583 graduates +147 M&A* Market Capitalization, December 31, 2013 Service at All Stages of Growth * From January 1, 2000 – December 31, 2013 535 Issuers 2,015 Issuers 442 Issuers 114 555 Issuers 12 Serving all Market Caps A Unique Market Structure with a Strong Feeder System

9. The World Lists on TSX and TSXV 9 TSX and TSXV International Listings by Country/Region Total International Listings as at December 31, 2013= 314 TSX = 164 Listings | QMV=$151 B TSXV = 150 Listings | QMV= $2.8 B

10. The World Trades on TSX and TSXV 10 ~40% of daily trading originates from international brokers 7 th in the world in value traded

11. TSX and TSXV by the Numbers $ 66.5M Average Financing on TSX 266 Going public events * As of or YTD December 31 2013 $ 43.6B Equity raised 3673 Issuers $ 2.4M Average Financing on TSXV 11

12. The Ideal Equity Marketplace Total Corporate IPOs in Canada and U.S.* Average IPO Size on TSX: $100 M Average IPO Size in USA: $262 M Top 10 Corporate IPOs on TSX in 2013 12 *Source: Hoovers IPO Central Company Equity Raised (C$) 1 Choice Properties Real Estate Investment Trust $460 M 2 Pattern Energy Group Inc. $418 M 3 CT Real Estate Investment Trust $264 M 4 BRP Inc. $262 M 5 Oryx Petroleum Corporation Limited $251 M 6 Cardinal Energy Ltd. $247 M 7 Milestone Apartments Real Estate Investment Trust $229 M 8 TransAlta Renewables Inc. $221 M 9 Information Services Corporation $169 M 10 Agellan Commercial Real Estate Investment Trust $135 M Top 10 Corporate IPOs on Toronto Stock Exchange in 2013 as measured by Gross Proceeds (C$)

13. Support for Companies of all Sectors and Sizes New Listings by Sector Equity Financings by Sector $ 43.6B Value of Financings by Sector TSX and TSXV 2013 13

14. TSX and TSXV International New Listings by Region TSX and TSXV International New Listings by Sector 314 Total International Listings 25 2013 New Listings Support for International Companies of all Sectors and Sizes 71 55 40 49 36 31 25 14

15. Multiple Pathways to Listing 15 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

16. Capital Pool Company™ (CPC) Program has a Strong Track Record 16 Anatomy of a Qualifying Transaction (QT) Since inception – 2,401 CPCs were created – 84% have completed their QT (2,015 companies) Currently – 339 graduates now trade on TSX – 92 of the grads were CPCs – 66 QTs in 2013 CPCPrivate Company Qualifying Transaction Coinciding Private Placement New TSX Venture Company A new clean CPC shell has none of the hidden costs of a shell with previous operating history

17. Specific Listing Criteria for Mining, Oil & Gas and Industrial Sectors Technical Listing Requirements 17

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