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 1.97% in fiscal 2018, 2.19% in fiscal 2019 and 2.50% in fiscal 2020.

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 2018, 0.00% in fiscal 2019 and 0.00% in fiscal 2020.

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 2018, 0.00% in fiscal 2019 and 0.00% in fiscal 2020.