Credit Ratings

Credit ratings are intended to provide investors with an independent assessment of the credit quality of an issue or issuer of securities and do not speak to the suitability of particular securities for any particular investor. A security rating is therefore not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the rating agency.

For further information please refer to the DBRS website and the Standard & Poor’s website.

Standard & Poor’s Ratings Services

DBRS Limited

Outlook

Stable

Stable

Senior Debt

A

A (high)

Preferred Shares

BBB+/P-2 (High)

Pfd-2 (high)

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Percentages denote equity interest as at September 30, 2011 unless otherwise noted.

[1] Through its wholly owned subsidiary, Power Financial Europe B.V., Power Financial held a 50% interest in Parjointco. Parjointco held a voting interest of 76.0% and an equity interest of 56.5% in Pargesa.

[2] Together, 65% direct and indirect voting interest.

[3] Denotes voting interest.