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 1.82% in fiscal 2022, 2.38% in fiscal 2023 and 1.40% in fiscal 2024.

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 2022, 0.00% in fiscal 2023 and 0.00% in fiscal 2024.

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 2022, 0.00% in fiscal 2023 and 0.00% in fiscal 2024.