2005 Travel and Hospitality Expenses

Donald A. Wright, Chairman of the Board

Paul Côté, President and Chief Executive Officer

The above figures relate to expenses incurred for Mr. Pettit's participation at Board of Directors meetings held in Montréal on October 24 and 25 and on December 5 and 6, 2005. Mr. Pettit resides in Vancouver.

The above figures relate to expenses incurred for a meeting with the Standing Committee on Transport in Ottawa, as well as for "Town Hall" meetings with employees in Halifax, Kingston, Toronto and Winnipeg during the months of November and December. Hospitality expenses include two business lunches.

The above figures relate to expenses incurred for Mr. Friend's participation at a Board of Directors meeting held in Montréal on September 12 and 13, 2005. Mr. Friend resides in Calgary. Hospitality expenses include a dinner with Board members at the September Board meeting.

The above figures relate to expenses incurred for a meeting with a new member of the Board of Directors in Halifax, for Mr. Côté's participation at the Federal Transportation Policy Roundtable in Calgary with the Honourable Jean Lapierre, as well as Mr. Côté's introduction at the Brantford Rotary Club. Hospitality expenses include two business lunches.

The above figures relate to expenses incurred for Mr. Friend's participation at a Board of Directors meeting held in Toronto on April 4 and 5, 2005. Mr. Friend resides in Calgary.

The above figures relate to expenses incurred for "Town Hall" meetings with employees in Toronto, Vancouver, Halifax and Ottawa during the month of May. Hospitality expenses include eight business lunches with an average of three persons.

The above figures relate to expenses incurred for Mr. Friend's participation at a meeting of the Audit and Finance Committee held in Montréal on February 1, 2005. Mr. Friend lives in Calgary.

The above figures relate to expenses incurred for a meeting of the Audit and Finance Committee held in Montréal on February 1st, 2005, of a meeting with the Standing Committee on Transport held in Ottawa on February 16, 2005 and cost for travel to Halifax and Toronto in March 2005 for sessions with the employees.