Big 8 Split Inc.

Big 8 Split Inc. is a “split share company” created on June 26, 2003 to invest in a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Great West Lifeco Inc., Manulife Financial Corporation and Sun Life Financial Inc. (the “Portfolio Shares”).

The Preferred Shares entitle the holders to receive quarterly fixed cumulative preferential distributions equal to $0.28125 per Preferred Share. The Capital Shares enable holders to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends paid on the Portfolio Shares.

Both the Preferred Shares and Capital Shares are listed and publicly traded on the Toronto Stock Exchange (TSX).