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CLEARING AND DEPOSITORY SERVICES INC. (CDS®)

MATERIAL AMENDMENTS TO CDS PROCEDURES

DIVIDEND ELIGIBILITY REPORTING SERVICE PROCEDURES

NOTICE OF COMMISSION APPROVAL

In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on December 19, 2007, amendments filed by CDS to its procedures relating to dividend eligibility reporting service (DERS). The objective of the amendments is to introduce the DERS to CDS participants. The service will provide information required to identify dividends received from a Canadian source that are eligible for a favourable tax treatment. A copy and description of these amendments were published for comment on October 26, 2007 at (2007) 30 OSCB 9039. No comment letters were received.