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Timing of Filings

Acquisitions under either an ESOP or a DRIP can be reported on or before March 31 of the next calendar year.

If shares were disposed of or transferred under the ESOP or DRIP during the year, both the acquisition and the disposition/transfer of those securities must be reported within five calendar days of the disposition or transfer (until October 31, 2010, you need to report within 10 calendar days).

Filing Process For Acquisitions of Shares

Recording transactions:

1.        Report the total number of securities of the same type acquired under all automatic share purchase plans for the calendar year as a single transaction

2.        Use Nature Code 30 – Acquisition or disposition under a purchase/ownership plan

3.        Use December 31st of the relevant year as the date of the transaction

4.        Provide an average unit price (if available)

Instructions for Filing an Insider Report

Instructions to file an insider report for an acquisition or disposition for an ESOP or DRIP are similar to filing a common share transaction.

See Insider Report for Common Shares

Exemption

Part 5 of NI 55-104 provides an exemption to the five calendar day filing requirement (until October 31, 2010, the requirement is 10 calendar days) for acquisitions under an automatic securities purchase plan such as an Employee Share Ownership Plan (ESOP) or Dividend Reinvestment Plan (DRIP). The PDF version of NI 55-104 is available in Additional Information on the SEDI Help welcome page. The effective date of NI 55-104 is April 30, 2010.