From the 2020 Annual Information form on SedarDIVIDEND POLICY The Corporation does not have a dividend policy. With regard to dividend guidelines, the Board of Directors considers the Corporation’s earnings per share, cash flow from operations, the level of planned capital expenditures and its cash and cash equivalents. The targeted payout ratio is approximately 50% to 80% of sustainable earnings per share, 50% to 75% of cash flow from operations with consideration as to the ability to increase the dividend from the liquidity on the Corporation’s balance sheet, if these targets are missed in a given year. The Board of Directors reviews these guidelines regularly. The cash dividends declared per Class A non-voting and common share for the three most recently completed financial years were $0.10 per share for Fiscal 2020, $0.20 per share for Fiscal 2019 and $0.20 per share for Fiscal 2018. Due to the Corporation’s current operating performance and in order to conserve cash, the Board of Directors decided to suspend the quarterly cash dividend for the third and fourth quarters of Fiscal 2020. Going forward, the Corporation will continue to assess potential future dividend levels on a quarterly basis.