More than 77% of holders support agreement in principle on third party asset-backed commercial paper

The institutional investors in third party asset-backed commercial paper (“Third Party ABCP”) who are Signatories to the August 16th announcement about a proposed solution to the liquidity problem in the structured finance ABCP market are pleased to report that Ernst & Young Inc. has advised that holders of 77.19% of the outstanding Third Party ABCP have signed agreements or acknowledgements indicating their support for the August 16th announcement. Of the Third Party ABCP conduits listed in Annex A hereto that are currently the subject of the interim arrangements, the level of support is in excess of 66 2/3% for 18 conduits and between 50% and 66-2/3% for three conduits.

Investors who seek further details and who wish to indicate their support for the August 16th announcement can do so by accessing Ernst & Young’s dedicated web site at www.ey.com/ca/commercialpaper and completing a noteholder acknowledgement in the form posted on the web site.

Annex A

Third Party ABCP Conduits

Apollo Trust
Apsley Trust
Aria Trust
Aurora Trust
Comet Trust
Devonshire Trust
Encore Trust
Gemini Trust
Ironstone Trust
MMAI-I Trust
Newshore Canadian Trust
Opus Trust
Planet Trust
Rocket Trust
Selkirk Funding Trust
Silverstone Trust
Skeena Capital Trust
SLATE Trust
Structured Asset Trust
Structured Investment Trust III
Symphony Trust
Whitehall Trust