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 0.86% in fiscal 2016, 1.53% in fiscal 2017 and 1.97% in fiscal 2018.

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 1.11% in fiscal 2016, 0.00% in fiscal 2017 and 0.00% in fiscal 2018.

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 2016, 0.00% in fiscal 2017 and 0.00% in fiscal 2018.