Notices

CSA Staff Notice 54-302 Update on CSA Consultation Paper 54-401 Review of the Proxy Voting Infrastructure October 31, 2013 On August 15, 2013, the Canadian Securities Administrators (CSA) published for comment CSA Consultation Paper 54-401 Review of the Proxy Voting Infrastructure (the Consultation Paper). The comment period closes on November 13, 2013, and we encourage all interested parties to provide comments. This notice provides an update to market participants about the expected next steps in the consultation process. The purpose of the Consultation Paper is to seek feedback from market participants on a proposed approach to address concerns regarding the integrity and reliability of the proxy voting infrastructure. The Consultation Paper identifies a number of areas for discussion that the CSA has determined may impact the accuracy of the proxy voting infrastructure, including: • whether the current infrastructure adequately supports accurate and reliable vote counting, and • what type of vote confirmation system will allow shareholders to be confident that their votes have been properly transmitted, received and counted at a shareholder meeting. As indicated in the Consultation Paper, the CSA intends to engage in further consultations targeted at specific topics with market participants in order to inform the CSA’s next steps. Certain jurisdictions intend to hold further consultations in early 2014. We will identify the specific topics to be addressed in these consultations from our review of the written comments that we receive, as well as from our on-going consideration of the issues identified in the Consultation Paper. Questions Please refer your questions to any of:

Michel Bourque Marie-Josée Heisler Senior Policy Advisor Senior Policy Advisor Autorité des marchés financiers Autorité des marchés financiers 514-395-0337, ext 4466 514-395-0337, ext 4464 michel.bourque@lautorite.qc.ca marie-josee.normand- heisler@lautorite.qc.ca Naizam Kanji Winnie Sanjoto Deputy Director, Mergers & Acquisitions, Senior Legal Counsel, Corporate Finance Corporate Finance Ontario Securities Commission Ontario Securities Commission 416-593-8119 416-593-8060 wsanjoto@osc.gov.on.ca nkanji@osc.gov.on.ca Laura Lam Jennifer Jeffrey Legal Counsel, Mergers & Acquisitions, Law Student, Corporate Finance Corporate Finance Ontario Securities Commission Ontario Securities Commission 416-595-8934 416-593-8302 jjeffrey@osc.gov.on.ca llam@osc.gov.on.ca Sophia Mapara Eric Pau Legal Counsel, Corporate Finance Senior Legal Counsel, Corporate Finance Alberta Securities Commission British Columbia Securities Commission 403-297-2520 604-899-6764 sophia.mapara@asc.ca epau@bcsc.bc.ca Administering the Canadian Securities Regulatory System 2 Les autorités qui réglementent le marché des valeurs mobilières au Canada