Management Shareholdings from AIF on SEDAR"As of the date hereof, the directors and executive officers of Valeura, as a group, beneficially own, directly or indirectly, 1,701,124 Common Shares representing approximately 1.96% of the issued and outstanding Common Shares. As of the date hereof, the directors and executive officers of Valeura, as a group, beneficially own, directly or indirectly 3,960,000 Options. If all such Options were exercised, the directors and executive officers of Valeura, as a group, would hold approximately 6.25% of the then issued and outstanding Common Shares (on a fully diluted basis)"