Security-Based Compensation Arrangements

The Company’s annual burn rate, calculated as described in Section 613(p) of the TSX Company Manual, under the Stock Option Plan was 2.50% in fiscal 2020, 2.03% in fiscal 2021 and 1.82% in fiscal 2022.

The Company’s annual burn rate, calculated as described in Section 613(p) of the TSX Company Manual, under the Share Appreciation Rights Plan was 0.00% in fiscal 2020, 0.00% in fiscal 2021 and 0.00% in fiscal 2022.

The Company’s annual burn rate, calculated as described in Section 613(p) of the TSX Company Manual, under the Restricted Stock Units Plan was 0.00% in fiscal 2020, 0.00% in fiscal 2021 and 0.00% in fiscal 2022.