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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 financial instruments are available for trading unless a proper exemption applies to the broker, the specific transaction or the type of instrument. For more information, please contact your broker.

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.