Killam ProPerties inc | 2013  31 Management’s Discussion and Analysis Killam’s NOI by Province The Multi‑family Market Leader in Atlantic Canada Dollar amounts are in thousands of Canadian dollars (except as noted) Combining apartment and MHC’s, the following chart highlights the percentage of Killam’s forward‑looking NOI by province based on ownership  interest at December 31, 2013: Atlantic Canada is home to 2.3 million people, approximately 43% of whom live in the six largest cities, representing Killam’s core markets in the  region. Killam has a 14.2% market share of apartment units in these six largest centres. The chart below highlights the apartment NOI generated  from each of the key urban markets in Atlantic Canada in 2013, and Killam’s market share in each. 47.1% 9.8% 9.9% 7.3% 6.6% 5.6% 11.9% 15.3% 18.9% 22.4% 19.8% 13.2% Halifax m oncton  Fredericton  st. John's saint John  % of Killam’s noi Killam’s market share ns 48% nB 23% on 15% Pei 7% nl 8% NOI by Province