An anonymous director reports

TMX GROUP HOLIDAY OPERATING SCHEDULE

The Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, TMX Select and Alpha will be closed on Thursday, Dec. 25, 2014, for Christmas Day, Friday, Dec. 26, 2014, for Boxing Day, and Thursday, Jan. 1, 2015, for New Year's Day.

NGX will remain open on those dates but will operate on a reduced trading schedule.

Please refer to the attached table.

Exchange/ATS                                            Date                               Market status

Toronto Stock Exchange
TSX Venture Exchange
TMX Select
Alpha                                      Wednesday, Dec. 24, 2014                  Open until 1 p.m. (EST)
                                                                           (TMX Select will be open until 1:30 p.m. EST)
                                           Thursday, Dec. 25, 2014                            Closed
                                           Friday, Dec. 26, 2014                              Closed
                                           Wednesday, Dec. 31, 2014                            Open
                                           Thursday, Jan. 1, 2015                             Closed

Montreal Exchange                          Wednesday, Dec. 24, 2014         Equity, currency, index and ETF derivatives 
                                                                            will be open until 1 p.m. (EST). Interest 
                                                                            rate derivatives will be open until 1:30 
                                                                            p.m. EST).

                                           Thursday, Dec. 25, 2014                            Closed
                                           Friday, Dec. 26, 2014                              Closed
                                           Wednesday, Dec. 31, 2014         Interest rate derivatives will be open until
                                                                            1:30 p.m. (EST). Equity, currency, index and
                                                                            ETFs will operate according to regular 
                                                                            schedule.   
                                           Thursday, Jan. 1, 2015                             Closed

NGX                                        Wednesday, Dec. 24, 2014         Natural gas and electricity market: open 5 
                                                                            a.m. to 12 p.m. (MST); crude oil market: 7 
                                                                            a.m. to 12 p.m. (MST); U.S. futures market:
                                                                            open 

                                           Thursday, Dec. 25, 2014          Natural gas and electricity market: open 
                                                                            8:30 a.m. to 11 a.m. (MST); crude oil 
                                                                            market: closed; U.S. futures market: closed

                                           Friday, Dec. 26, 2014            Natural gas and electricity market: open 5 
                                                                            a.m. to 3 p.m. (MST); crude oil market: 
                                                                            closed; U.S. futures market: open

                                           Wednesday, Dec. 31, 2014         Natural gas and electricity market: open 5 
                                                                            a.m. to 3 p.m. (MST); crude oil market: 7 
                                                                            a.m. to 12 p.m. (MST); U.S. futures market:
                                                                            open 

                                           Thursday, Jan. 1, 2015           Natural gas and electricity market: open 
                                                                            8:30 a.m. to 12 p.m. (MST); crude oil 
                                                                            market: closed; U.S. futures market: closed