Michael Grandin

IPSCO, Inc. produces steel mill products (coil and discrete plate) and fabricated products that include energy tubulars and cut-to-length products (tube, hollow structural, hot-rolled coil, plate, sheet and slab steel). The company has manufacturing and scrap-processing facilities in Canada and the US (mostly in western Canada and the midwestern US). The company's plants produce around 3.5 million tons of steel annually. Its markets include the oil and natural gas, manufacturing, agricultural and transportation industries in Canada and the US. The company was incorporated in 1956 under the name of Prairie Pipe Ltd. and in 1984, the company changed its name to IPSCO, Inc. The company is located in Regina, Canada

Ovintiv Canada ULC engages in the production of natural gas, oil and natural gas liquids. It operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of and production of natural gas, oil and natural gas liquids and other related activities within Canada. The USA Operations segment involves in the exploration, development and production of natural gas, oil, and natural gas liquids and other related activities within the U.S. The Market Optimization segment is responsible for the sale of the company's proprietary production to third party customers and the associated netback price. The company was founded in 1881 and is headquartered in Calgary, Canada.

The Group's principal activity is that of an open-ended Investment trust. It operates through its wholly-owned subsidiary, Fording Inc, through which it holds 60% interest in the Elk Valley Coal Corporation. It alsoinvests in metallurgical coal and industrial minerals mining and processing operations. The Metallurgical coal provides mining and processing activities, primarily metallurgical coal, from three mines, Fording River, Greenhills and Coal Mountain. The Industrial Minerals Operations provides mining and processing of wollastonite and other industrial minerals from two operations in the United States and one operation in Mexico. The Group operates in Canada, the United States and Mexico and sells it products to customers around the world. During the year the Group sold NYCO.

HSBC Bank Canada engages in the provision of banking and financial services. It operates as an international bank in Canada, which offers products and services to targeted segments of the financial services market, through four major customer groups: retail banking and wealth management, commercial banking, global banking and markets, and consumer finance. The firm's services include deposit, treasury, cash management, electronic banking, asset management, term and operating credits, import and export finance, equipment leasing and investment capital financing. Its products include consumer financial services including consumer loans, private-label credit cards, mortgages, auto finance, and credit insurance. The company was founded on July 1, 1981 and is headquartered in Vancouver, Canada.

BNS Split Corp. is a closed-end investment fund/investment trust. It is a mutual fund corporation whose principal undertaking was to invest in common shares of The Bank of Nova Scotia. The company was founded on June 14, 2002 and is headquartered in Toronto, Canada.

BNS Split Corp. II is closed-end investment trust, which invests in common shares of The Bank of Nova Scotia. The company was founded on June 29, 2004 and is headquartered in Toronto, Canada.

Fording, Inc. produces metallurgical and thermal coal. The company offers wollastonite, tripoli, and other industrial minerals. The company is located in Alberta, Canada.