Financial Highlights ( in millions of dollars, except share amounts) As at December 31, 2012  As at December 31, 2011 % change Assets under management 75,723  69,558  9 Total assets 98,922  91,102  9 Shares outstanding 282,914,642  283,567,039  0 For the year ended For the year ended  ( in millions of dollars, except share amounts) As at December 31, 2012  As at December 31, 2011 % change Average assets under management 72,606  72,186  1 Management fees 1,277.7  1,302.8  (2) Total revenues 1,457.8  1,496.3  (3) SG&A 286.0  290.8  (2) Trailer fees 374.0  379.5  (1) Net income 352.2  376.9  (7) Earnings per share 1.24  1.31  (5) EBITDA* 703.6  726.2  (3) EBITDA* per share 2.48  2.53  (2) Dividends recorded per share  0.96  0.89  8 Average shares outstanding 283,389,571  286,997,604  (1) *EBITDA (Earnings before interest, taxes, depreciation and amortization) is not a standardized earnings measure prescribed by IFRS;  however, management believes that most of its shareholders, creditors, other stakeholders and investment analysts prefer to include  the use of this performance measure in analyzing CI’s results. CI’s method of calculating this measure may not be comparable to  similar measures presented by other companies.  CIX VS S&P/TSX COMPOSITE INDEX TOTAL RETURN (IPO IN JUNE 1994 = 100) 3,500 3,000 2,500 2,000 1,500 1, 0 0 0 500 0 ’03 ’04 ’05 ’06 ’06$^{†}$ ’07 ’08 ’09 ’10 ’11 ’12 May 31 Dec. 31 942 195 1,339 244 1,4 68 284 2,711 354 2,425 395 2,760 434 1,562 291 2,445 392 2,595 461 2,535 421 3,125 451 CIX S&P/TSX Composite Index $^{†}$ Dec. 2006, seven month period. 2