Organized to perform

Class A share aNAV

As at January 17, 2020

^$53.73

As Cymbria is a taxable Canadian corporation, the aNAV is shown net of current income taxes. The aNAV, however, does not include potential future taxes associated with unrealized capital gains. Previously NAV, aNAV represents the fair value of net assets of Cymbria, which differs from IFRS shareholders’ equity in that it excludes deferred taxes.