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S&P Market Access Program

Break down your access barriers to the U.S. retail market

For a company to offer secondary trading in the U.S., they must obtain security law exemptions at both the Federal and State level. For Toronto Stock Exchange and TSX Venture Exchange issuers, inter-listing on NASDAQ or NYSE would negate the requirement for exemptions.

However for most companies the costs and regulatory requirements associated with inter-listing are prohibitive. The S&P Market Access Program is used by Toronto Stock Exchange and TSX Venture companies who want to reach U.S. investors without the significant costs associated with a U.S. inter-listing or registration in each individual state by:

• Increasing U.S. retail investor awareness, positioning and potential shareholders of their stock
• Enabling the proactive positioning and solicitation of their stock by tens of thousands of U.S. brokers and financial advisors
• Utilizing S&P's extensive proprietary distribution to reach their U.S. retail target audience; and
• Providing a third party reference profile from a highly credible independent information source

Overall S&P Market Access is a dynamic visibility service for small to medium sized capped companies.

The S&P/TMX Market Access Exclusive Offer

The new S&P/TMX Market Access exclusive offer provides issuers with a further discounted publication option while still providing the long standing value S&P provides with its Market Access Program. The S&P/TMX Market Access exclusive offering provides:

• S&P Corporation Records Coverage
• Free Access to your S&P profile on your website and key industry websites and financial portals
• Coverage on Standard & Poor's Advisor Insight Platform
• Entry into the Standard & Poor's Stock Guide Database
• The potential to obtain Blue Sky/manual exemption privileges in up to 38 U.S. states*
• A showcase of your company to 200,000+ financial professionals, compliance officers, fund managers, registered reps and research analysts
• The guarantee of your company's presence in one of the industry's most well respected and widely used reference tools

*It is recommended that an issuer consult legal counsel before relying on a particular exemption.

For questions regarding S&P Market Access or the S&P/TMX Market Access exclusive offer, contact your Relationship Manager or email issuer.services@tsx.com

Ontario and East of Ontario         Matthew Fireman Matthew.Fireman@tsx.com (514) 788-2419

West of Ontario Arne Gulstene Arne.Gulstene@tsx.com (604) 602-6970

Click here to view all the issuers with S&P Market Access profiled on TMXmoney.com.