2020 Guide to Listing

As at December 31, 2019. INNOVATION SECTOR 19 Benefits Access To Capital • $2.2 billion equity capital raised by Technology companies in 2019 • Over $1 billion equity capital raised by Clean Technology and Renewable Energy companies for 11 consecutive years • $4.5 billion equity capital raised by Life Sciences companies in 2019 Over 450 companies, from startups to global leaders Over 200 IPOs and new listings in the past five years, from Canadian, U.S. and global companies International Innovation Companies by Region Tailored Listing Criteria Listing requirements are tailored to companies at varying stages of growth. Global Visibility Innovation companies listed on TSX and TSXV are covered by over 300 analysts, with an average of two analysts per company. Approximately 40% of all trading on our Exchanges originates outside Canada. Growth Support TSXV-listed companies have the potential to graduate to TSX as they grow and mature. • 36% of Technology companies currently listed are graduates • 13% of Clean Technology and Renewable Energy companies currently listed are graduates • 55% of Life Sciences companies currently listed are graduates 144 188 203 288 2015 2016 2017 2018 2019 188 U.S. 65% Israel 12% UK/Europe 11% Asia 9% Latin America 3% 77 new international Innovation companies have listed on TSX and TSXV in the past ten years. Clean Technology and Renewable Energy Life Sciences Technology Proven Growth Markets Quoted Market Value ($ Billions)

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