SHARE  TRADING COMP ARATIVE SHARE PERFORMANCE (10 YEARS)* The  value of METRO shares remained in the $60.00 to $74.80range throughout fiscal 2014($56.52to $75.81in 2013).  A  total of 71.7 million shares traded on the TSX during this fiscal year (73.8 million in 2013). The closing price on Friday,  September 26, 2014 was $ 73.87,  compared to $ 64.74  at the end of fiscal 2013 .  Since fiscal year-end, the value of  METRO shares has remained in the $ 72.80  to $ 91.46  range. The closing price on November 28, 2014 was $ 89.31.  METRO shares have maintained sustained growth over the last 10 years, reflecting a performance superior to that of  the  S&P/TSX index  and the  Canadian  Food Industry  sector index. SOURCES OF FINANCING Our operating activities as well as increased non-current debt generated respectively cash flows in the amount of  $ 432.3 million and $396.3million in 2014. These major cash flows were used to finance our investing activities, including  $ 207.4 million  in fixed and intangible assets acquisition and $100.3 million in business acquisitions, to redeem shares  for  an amount of $459.7million, to pay dividends of $100.6million, and to carry out other investing and financing activities. At 2014  fiscal year-end, our financial position mainly consisted of cash and cash equivalents in the amount of  $ 36.0 million, Series ANotes in the amount of $200.0 million maturing in 2015, a revolving credit facility of $600.0 million  maturing in 2019, $ 391.7  million of which were used, and Series B Notes in the amount of $ 400.0 million  maturing in  2035. W e believe that cash flows from next year's operating activities should be sufficient to finance the Corporation's investing  activities,  including  approximately  $300 million$^{(3)}$ in  fixed  and intangible  asset  acquisitions. The Corporation deemed market conditions to be favourable to long-term financing. On December 1, 2014, the  Corporation  issued a private placement of $300.0 million aggregate principal amount of Series C unsecured senior notes,  bearing  interest at a fixed nominal rate of 3.20% and maturing December 1, 2021, and $300.0 million aggregate principal  amount of Series D unsecured senior notes, bearing interest at a fixed nominal rate of 5.03% and maturing  December 1, 2044. $^{(1)}$ See table on "Operating income before depreciation and amortization and associate's earnings adjustments"  $^{(2)}$ See table on "Net earnings from continuing operations adjustments" $^{(3)}$ See section on "Forward-looking information" $^{(4)}$ See section on "IFRS and non-IFRS measurements"  $^{(5)}$ See table on "Net earnings adjustments" -  25 -