2. TMX Group Pension Plan November & December 2013 Guy Aubé

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4. Welcome to TMX Group Pension Plan! 3 As of January 1, 2014, the CDS Plan will be closed. You will receive a settlement package that outlines the options around what you can do with your CDS Plan account balance. You are entitled to the full account balance of your contributions and the company contributions (DPSP immediate vesting) This will be mailed to your home address in January 2014.

5. Take action! 4 Your CDS Plan assets will not transfer automatically to the TMX Plan. You have the opportunity to transfer into the voluntary RRSP with TMX It is up to you to enrol in the New Plan and provide instructions for your current savings assets and future contributions. If you do not submit your enrollment for the Defined Contribution Pension Plan, you will be automatically enrolled on January 1, 2014 and default to the TDAM Balanced Index Fund. In addition, TMX will begin contributions of 4% of your base salary on your behalf. To enrol in the TMX Plan, simply complete the enrolment form and return it to your Payroll department.

6. Your plan advantage

7. Sources of retirement income Canada Pension Plan (CPP) Home Other Savings Personal RRSP TMX Group Pension Plan Primary Secondary Old Age Security (OAS) Supplementary Canadians need 65% to 80% pre-retirement income replacement 6

8. Government Benefits Request your CPP contributions & benefit statement from: www.servicecanada.gc.ca 2013 Canada Pension Plan (CPP) Old Age Security (OAS) Maximum $1,012.50/month $12,150/year $549.89/month $6,599/year Average $596.66/month $7,160/year $515.97/month $6,192/year 7

9. Sponsor the program Company contributions Selecting investment managers Selecting funds Selecting the record keeper Monitoring the program Member education TMX Group Pension Record keeping Preparing statements Developing tools Member education Tracking your investments Member inquiries Sun Life Financial Investment Managers Funds Performing research Creating the fund Selecting the stocks or bonds Buying and selling You/member Your Account Making contributions Understanding investments Choosing investments Monitoring savings and investments Filing personal information updates Paying fund management fees Paying withdrawal fees Seeking advice Responsibilities 8

10. TMX Group Pension Plan Participation is manditory As an existing employee of CDS you will automatically join the plan as of January 1 2014 Participation Up to 4% of base salary Addtitional voluntary contributions permitted up to your maximum allowable limit as calculated by CRA Employees contributions 4% of base salary TMX will also match your contribution based on a points schedule (age plus yrs of service; includes CDS; formula) Points Schedule% Group match less than 40 50% 40 to 60 75% more than 60 100% Employer contributions 1 free withdrawal per year. $25.00 for each subsequent withdrawal. You may withdraw additional voluntary contributions only Withdrawals Immediate Vesting/ Locking in 9

11. Comparing the plans 10 CDSTMX Group Inc Example : Employee 51 years old, $80,000 base salary : Example : Employee 51 years old, 10 years of service Total Points 61, $80,000 base salary Employer contribution 3% = $2,400 3% over YMPE = $867 (optional) 4% = $3,200 TMX Point Matching 100% of 4% = $3,200 Employee contribution 3% = $2,400 3% over YMPE = $867 (optional) 4% = $3,200 Total $6,534 (Employee $3,267 CDS $3,267) $9600 12% of base salary Employee 4% $3,200 TMX 8% $6,400! Investment Management Fees Paid by CDS Example: $100,000 account, Zero fees paid by CDS employees (taxable benefit of $300.00) Paid by you and are deducted monthly. Example: $100,000, Invested in the TDAM Balance Fund FMF 0.30%. Total yearly FMF Cost to employee : $300.00

12. Voluntary RRSP 11 This program has been set up to allow you to transfer your CDS assets and take advantage of the competitive management fees of the TMX Group Pension Plan No ongoing contributions allowed

13. Benefits of your plan * Short Term Trading Policy - A 2% fee will be charged when a plan member initiates an inter fund transfer into a fund followed by an inter fund transfer out of the same fund within 30 days. No fees to transfer between funds* Free guidance and support Company contributions Low management fees Instant tax savings Convenient payroll deduction 12

14. How do your fees compare? Fixed Income Balanced Canadian Equity 1.38% 2.16% 2.31% Average Retail Fees* Highest fees in Your Plan** 0.29% 0.60% US Equity Global Equity 2.36% 0.52% 2.64% 1.12% *As at June 28, 2013, Source: BMO fund facts, TD Asset Management, Scotiabank, RBC, CIBC Investorpos **Fund Management Fees as at November 1, 2013 International Equity 2.43% 1.05% Target Date 2.21% 0.77%

15. Investment basics

16. Understanding risk versus reward Reward Risk LowHigh Low High Bond (Fixed Income) Funds Money Market Funds Guaranteed Funds Balanced For illustrative purposes only Canadian, US, Global & International Equities Target Date Funds

17. Growth of $10,000 – September 2003 – September 2013 $11,964 $12,323 $16,629 $22,331 16

18. Why diversify? Different investments often perform differently at any given time based on economic conditions Lower overall risk – with exposure to higher returns of more volatile asset classes Built in safety – help to avoid panic selling when markets are lower 17

19. Choosing your Investment Approach

20. Built FOR Me Built BY Me Choose a single Target Date Fund Structured to coincide with a key life event, such as retirement Asset mix automatically changes as you get closer to your target date, reducing risk over time Pick a fund closest to your target date (investment time horizon) Build your portfolio using different investment funds Match your investment risk profile with a suggested asset mix Rebalance periodically to maintain your target asset allocation Revisit your risk tolerance periodically- it can change over time Review at least annually Built FOR me or Built BY me 19

21. Built FOR me Selection of one-stop, pre-designed portfolios Sun Life Financial Granite TM Target date Funds 20

22. Sun Life Financial Granite Funds Simplifies investment decision making process 9 new “End-date” funds focus on investment horizon – Retirement Fund, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050 Asset mix automatically changes each quarter Equity exposure decreases as fund matures Each fund holds equal Canadian and Foreign equity exposure The series offers a unique blend of institutional funds, covering a broad range of asset classes, geographies, investment styles and currencies 21

23. Sun Life Financial Granite TM Target Date Funds Allocations for illustrative purposes only Source: Morningstar 2013 Risk % Return Year indicates target year for retirement Granite Retirement Fund Granite 2015 Granite 2025 Granite 2020 Granite 2030 Granite 2035 Granite 2040 Granite 2045 Granite 2050 Cash U.S. Equity Canadian Equity Fixed Income International Equity Other 22

24. FMF* Sun Life Financial Granite TM 2015 Fund0.60% Sun Life Financial Granite TM 2020 Fund0.66% Sun Life Financial Granite TM 2025 Fund0.71% Sun Life Financial Granite TM 2030 Fund0.77% Sun Life Financial Granite TM 2035 Fund0.77% Sun Life Financial Granite TM 2040 Fund0.77% Sun Life Financial Granite TM 2045 Fund0.77% Sun Life Financial Granite TM 2050 Fund0.77% Sun Life Financial Granite TM Retirement Fund0.65% *Fund Management Fees as at November 1, 2013 23 Sun Life Financial Granite TM Target date Funds

25. Built BY me A range of funds that you can choose from to build your own portfolio You are responsible for the percentage mix you allocate to each asset class Use the suggested asset mix from the Asset allocation tool 24

26. Investment risk profiler Assess your personal risk tolerance by completing the investment risk profiler

27. Investment risk profiler 26

28. Built BY me Asset ClassFundFMF*Risk Guaranteed SLA 1,3 & 5 Year GuaranteedN/ALow Fixed Income TDAM Canadian Bond Index0.29%Low - Moderate Balanced Beutel Goodman Balanced TDAM Canadian Balanced Index 0.60% 0.30% Moderate Canadian Equity Beutel Goodman Canadian Equity CC&L Group Canadian Q Growth TDAM Canadian Equity Index 0.60% 0.58% 0.30% Moderate – High U.S. Equity SLF MFS MB US Equity TDAM US Market Index 0.52% 0.31% Moderate – High International / Global Equity MFS MB International Equity TDAM International Equity Index CC&L Q Group Global Equity MFS MB Global Equity TDAM Global Equity Index 1.05% 0.59% 1.12% 1.01% 0.61% Moderate – High *Fund Management Fees as at November 1, 2013 27

29. Rates of return as at September 30, 2013 Funds1 Yr3 Yr5 Yr10 Yr TDAM Canadian Bond Index-1.45%3.47%5.46%5.10% Beutel Goodman Balanced TDAM Canadian Balanced Index 13.64% 8.86% 8.17% 6.06% 7.79% 5.92% 7.56% 6.33% Beutel Goodman Canadian Equity CC&L Group Canadian Q Growth TDAM Canadian Equity Index 20.69% 17.23% 7.10% 9.28% 8.91% 4.05% 8.83% 7.48% 4.80% 9.90% 11.61% 8.35% SLF MFS MB US Equity TDAM US Market Index 27.08% 24.17% 14.59% 15.89% 8.00% 8.87% 4.96% 4.28% MFS MB International Equity TDAM International Equity Index CC&L Q Group Global Equity MFS MB Global Equity TDAM Global Equity Index 28.40% 29.32% 31.79% 32.99% 26.70% 10.58% 8.64% 14.91% 16.20% 12.54% 8.37% 5.75% 9.51% 10.89% 7.49% 7.64% 5.15% 6.44% 8.68% 4.70% 28

30. Rebalance Target Asset MixCurrent Asset MixBack to target asset mix Rebalancing strategy Sell Equities Buy Bonds 29

31. I want something that’s easy to pick I want someone else to rebalance my investments automatically I want to choose my investments based on when I need my money I want to choose my investments based on my personal investment risk I like choosing my own funds and fund managers I want to monitor and rebalance my own portfolio       Built FOR Me Target Date Built BY Me Built FOR me or Built BY me…? 30

32. Monitoring with Morningstar® 31

33. Quicktake & Investment Reports 32

34. Your Sun Life tools

35. mysunlife.ca 34

36. Asset allocation tool The Asset allocation tool is used to determine your tolerance to risk. Select the Asset allocation hyperlink to begin 35

37. Retirement Planner 36

38. Tools 37

39. Next steps

40. Next Steps Enrol in the TMX Group Pension Plan Complete your enrolment form Return your form to the Payroll Department TMX Group Pension Plan Once your enrolment is completed: Complete the Asset Allocation tool on line Complete the on-line Retirement Planner Your CDS assets To take advantage of the low fees in TMX Group Pension Plan complete the asset transfer form Review your Benefit Options provided by Sun Life Financial 39

41. Take action- Register for an Access ID 40

42. Stay connected mysunlife.ca 1-866-733-8612 Mobile 41 Statements

43. Your ongoing account Monitor your account & funds on a regular basis Check your statements Revisit your risk tolerance Rebalance your funds according to your risk tolerance Review your information with a Financial Planner Notify Sun Life Financial of changes Address changes Beneficiary changes Stay involved with your plan through either: Sun Life Financial member website@ www.mysunlife.ca my Sun Life Mobile Customer Care Centre @ 1-866-733-8612 42

44. Thank you!