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Provisions Respecting Conflict of Interest and Competitors of TMX Group Limited Definition of Competitor

General

Toronto Stock Exchange ("TSX") is recognized as a stock exchange by the Ontario Securities Commission ("OSC") under a recognition order which contains certain terms and conditions (the "Recognition Order"). TSX is operated by TSX Inc. which is a wholly-owned subsidiary of TMX Group Limited ("TMX Group") (formerly Maple Group Acquisition Corporation). The Recognition Order has certain special listing-related conditions to ensure TSX follows appropriate standards and procedures with respect to the initial and continued listing of a TMX Group entity and Competitors of TMX Group (as defined below). These procedures require TSX to provide the following disclosure on its website and in the Toronto Stock Exchange Company Manual.


Provisions Respecting Conflict of Interest and Competitors of TMX Group Limited Definition of Competitor

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