Note
On April 3, 2023, Pan American Silver Corp. (TSX: PAAS) (“Pan American”) completed its acquisition of Yamana Gold Inc. (TSX: YRI) (“Yamana”). Accordingly, Yamana’s shares were delisted from the Toronto Stock Exchange. This event triggered an Extraordinary Non Replacement Event in connection with the Reference Portfolio of the Note Securities as per the terms and conditions of the Prospectus. As such, we hereby advise the Holders of the Note Securities that the common shares of Yamana have been deleted from the Reference Portfolio such that the Reference Portfolio Return will be calculated on the basis of the remaining Reference Shares, where the weighting of Yamana’s common shares will be reallocated proportionally to the common shares of Barrick Gold Corporation (TSX: ABX) (“Barrick”), Agnico Eagle Mines Limited (TSX: AEM) (“Agnico Eagle”) and Endeavour Mining plc (TSX: EDV) (“Endeavour”), in accordance with the terms and conditions of the Prospectus. As such, the Initial Value of the common shares of Barrick, Agnico Eagle and Endeavour was adjusted as of the closing of the markets on April 3, 2023.