Canadian Derivatives Clearing Corporation

Canadian Derivatives Clearing Corporation ("CDCC" or the "Corporation") is the issuer, clearinghouse, and guarantor of equity, index and interest rate financial derivative contracts traded on the Montréal Exchange.

Bourse de Montréal Inc. is the sole holder of the shares of CDCC. In order to align itself to the change to a for-profit status of its parent company, CDCC has received regulatory approval of amendments to its by-laws that allow it to also become a for-profit organization.

The Corporation is recognized as a self-regulated organization in Quebec and is under the oversight of the Autorité des marchés financiers (AMF).

Currently, the Board of Directors of CDCC is composed of an equal balance of independent members and representatives from Senior Mangement of CDCC, Bourse de Montréal Inc. and the TMX Group.

Options involve risk and are not suitable for all investors. The documents available discuss exchange-traded options, futures and futures options issued by CDCC and are intended for informational purposes. No statement in the documents should be construed as a recommendation to buy or sell any security or other financial instrument, or to provide investment advice.

TO UNITED STATES RESIDENTS

Prior to buying or selling an option, a United States resident must receive a copy of "The Characteristics and Risks of Listed Canadian Options". Copies of this document are available from your broker. The CDCC prospectus contains information on options issued by CDCC. Copies of this document are available from CDCC or the Montréal Exchange. No statement in the documents should be construed as an offer to buy or sell any security or other financial instrument. Offers to buy or sell may only be made by brokers who are appropriately registered with federal and state authorities in the United States, and its territories and possessions, and only in jurisdictions in which such securities or other.

Although every effort has been made to ensure the completeness and accuracy of the information contained herein, CDCC cannot be responsible for any errors or omissions.