Our objective is to present readers with a view of the pension plan through the eyes of management by interpreting the material trends and uncertainties affecting the results and financial condition of the plan.

As well as historical information, this MD&A contains forward-looking statements regarding management’s objectives, outlook and expectations. These statements involve risks and uncertainties and the plan’s actual results will likely differ from those anticipated. Key elements of the plan’s consolidated financial statements are explained and should be read in conjunction with these forward-looking statements.