Aleksandar

CALGARY, May 23, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown in which Crown holds a 35% interest, has amended its $15.0 million term loan agreement with Petrowest Corporation (“Petrowest”) (TSX: PRW) and completed a new $12.0 million bridge loan with the company.

The amended $15.0 million term loan bears a fixed interest rate of 12% per annum, compounded and payable monthly, and matures in 36 months. In addition, Crown IV LP will provide a $12.0 million bridge loan, which gives Petrowest additional financial flexibility while it pursues its previously announced non-core asset disposition program. The bridge loan bears interest at 12% per annum and matures on November 30, 2017. On closing of the bridge loan, Crown syndicated $2.0 million of the loan to one of the limited partners in Crown IV LP.

“We commend Petrowest for taking the difficult but necessary steps to sell non-core assets, reduce debt, and focus on increasing profitability in its core markets,” said Chris Johnson, President and CEO of Crown. “We are pleased to continue to support Petrowest through this transition period as their core business is profitable and well positioned for long-term success.”

As part of the amended term loan, the 4.3 million warrants previously issued to Crown IV LP were cancelled, and 4.3 million common shares of Petrowest were issued to Crown IV LP at nominal cost. The bridge loan agreement also included the issuance of 3 million common shares of Petrowest. In total, Crown IV LP now owns 7.7 million common shares of Petrowest.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the outlook for Petrowest. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Crown also announces appointment of Michael Overvelde as Chief Financial Officer

CALGARY, May 9, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced its financial results for the first quarter ended March 31, 2017. Crown’s complete financial statements and management’s discussion and analysis for the three-month period ended March 31, 2017 are available on SEDAR at www.sedar.com.

Q1 2017 Financial & Operating Highlights

• Revenue increased to $6.8 million (2016 – $5.1 million), including interest revenue of $4.4 million, fees and other income of $0.5 million, and net change in unrealized gains in fair value of investments of $1.8 million;
• Net income, net of non-controlling interests, of $1.7 million (2016 – $1.6 million), or $0.18 per common share (basic) (2016 – $0.17);
• Adjusted EBIT¹ of $3.0 million (2016 – $2.7 million);
• Total equity per common share (basic) of $10.75 at March 31, 2017;
• Total assets of $199.0 million at March 31, 2017, up from $182.4 million at December 31, 2016;
• Cash and cash equivalents of $22.2 million, compared with $19.3 million at December 31, 2016,
• On March 2, 2017, paid a quarterly dividend of $0.12 per common share to shareholders of record on February 14, 2017, a 9% increase over quarterly dividends paid previously;
• Crown Capital Fund IV, LP (“CCF IV LP”) received subscriptions for an additional $50.0 million, bringing the total capital committed in CCF IV LP to $175.0 million;
• CCF IV LP provided a $15.0 million, 36-month loan to Solo Liquor Holdings Limited; and
• The NCOF Funds received full repayment of the $4.0 million loan to Corrosion Service Company Limited, realizing a Gross IRR of approximately 25%.

“Our first quarter results were highlighted by a strong increase in total revenue, driven by interest revenue which almost doubled over the first quarter of last year,” said Chris Johnson, President and CEO of Crown. “This underscores our success in building and diversifying the loan portfolio over the past several quarters, and gave us the ability to implement our first dividend increase in the quarter. The market conditions continue to be favorable for Crown. With the $50 million upsizing in CCF IV LP, cash on hand, and our credit facility, we are in a good position to capitalize on an active business development pipeline to deliver growing revenue, cash flow and return on equity in 2017.”

CFO Appointment

Crown also announced the appointment of Michael Overvelde, CPA, CA, CFA to the position of Senior Vice President, Finance and Chief Financial Officer effective May 10, 2017. Mr. Overvelde, who has more than 25 years of experience in capital markets and accounting, joined the Crown team in March, 2017. Lyle Bolen will remain with the Corporation in a consulting capacity to ensure a smooth transition of responsibilities.

Mr. Johnson said: “Lyle has been a tremendous colleague and contributor since the early days of Crown and was instrumental in our transition to a public company. On behalf of the entire Crown team and Board, we wish Lyle all the best in his retirement. We look forward to Michael taking on an expanded role, leading the financial function and helping us expand and manage our relationships in the capital markets.”

Conference Call & Webcast

Crown will host a conference call to discuss its Q1 2017 financial results at 2:00 p.m. EDT on May 9, 2017. The call will be hosted by Chris Johnson, President & CEO, and Lyle Bolen, CFO. To participate in the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 13498625. The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/2ptmkXW. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments and the timing thereof, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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CALGARY, April 4, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to implement a normal course issuer bid (“NCIB”) for a 12-month period commencing April 10, 2017.

This NCIB will follow the current NCIB, which ends on April 7, 2017 and under which Crown had purchased 23,578 shares up to March 31, 2017 at an average price per share of $9.174.

Under the terms of the NCIB, Crown will have the right to purchase up to 310,000 of its common shares (the “Shares”) representing approximately 4.2% of the public float of Shares and approximately 3.3% of the 9,523,590 issued and outstanding Shares. The number of Shares that can be purchased pursuant to the NCIB is subject to a daily maximum of 2,657 Shares which is 25% of 10,632 (being the average daily trading volume for the Shares on the TSX for the six months ended March 31, 2017). Shares purchased by the Corporation pursuant to the NCIB will be cancelled. Purchases made pursuant to the NCIB will be made in the open market through the facilities of the TSX and alternative trading systems, if eligible. The NCIB will commence on April 10, 2017 and remain in effect until the earlier of April 9, 2018, the termination of the NCIB by Crown, and Crown purchasing the maximum number of Shares permitted under the NCIB.

Crown is commencing this NCIB because, in the opinion of the Corporation’s board of directors and senior management, the Shares continue to trade in a price range that does not adequately reflect the value of the underlying business, Crown’s financial position and growth prospects. At December 31, 2016, Crown’s total equity per basic common share was $10.67.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding potential future purchases of Shares. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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CALGARY, March 22, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced its financial results for the fourth quarter and year ended December 31, 2016. Crown’s complete financial statements and management’s discussion and analysis for the three and twelve month periods ended December 31, 2016 and its 2016 annual information form are available on SEDAR at www.sedar.com.

 2016 Financial & Operating Highlights

• Revenue of $18.4 million (2015 – $8.2 million), including interest revenue of $11.5 million, fees and other income of $3.8 million, net realized gain on sale of investments of $1.7 million and net change in unrealized gains in fair value of investments of $1.4 million;
• Adjusted EBIT¹ of $9.0 million (2015 – $4.0 million);
• Net income, net of non-controlling interests, of $5.1 million (2015 – $2.0 million), or $0.54 per common share (basic) (2015 – $0.43);
• Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown in which Crown now holds a 35% interest, deployed $75 million in 2016 through four transactions;
• Total equity per common share (basic) of $10.67 at December 31, 2016;
• Total assets of $182.4 million at December 31, 2016, up from $130.1 million at December 31, 2015;
• Cash and cash equivalents of $19.3 million, compared with $43.6 million at December 31, 2015, reflecting new investment activity in 2016; and
• Dividends paid in 2016 totaled $0.44 per share.

Fourth Quarter 2016 Financial & Operating Highlights

• Revenue of $5.4 million (2015 – $5.8 million), including interest revenue of $3.6 million, fees and other income of $2.2 million, and net change in unrealized gains in fair value of investments of ($0.4) million;
• Net income, net of non-controlling interests, of $0.9 million (2015 – $1.7 million), or $0.09 per common share (basic) (2015 – $0.18);
• Adjusted EBIT¹ of $1.8 million (2015 – $3.0 million);
• On December 2, 2016, paid a quarterly dividend of $0.11 per common share;
• On December 30, 2016, completed a $35.0 million senior secured revolving credit facility with Alberta Treasury Branches and Business Development Bank of Canada to fund investments in mid-market companies; and
• Crown IV LP deployed $60 million in Q4 2016 through three transactions:
  • $15 million term loan to Touchstone Exploration (TSX:TXP);
  • $30 million term loan to Medicure Inc. (TSXV:MPH); and
  • $15 million investment senior secured first lien notes from Source Energy Services.

“It was an eventful and successful year for Crown, in which we completed four special situations loans, added more partner capital to Crown IV LP, and established a new credit facility that gives us additional capital and flexibility in building the portfolio,” said Chris Johnson, President and CEO of Crown. “Putting more capital to work late in the year enabled us to implement our first dividend increase on March 2, 2017 with payment of a quarterly dividend of $0.12 per share. When combined with our strong transaction pipeline, the business is well-positioned to deliver growing revenue, cash flow and return on equity in 2017. With the $50 million upsizing recently completed in Crown IV LP and the new credit facility, we have ample resources to capitalize on the demand we continue to see in the mid-market for our financing solutions.”

Conference Call & Webcast

Crown will host a conference call to discuss its Q4 & full-year 2016 financial results at 8:30 a.m. EDT on March 22, 2017. The call will be hosted by Chris Johnson, President & CEO, and Lyle Bolen, CFO. To participate in the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 80268517. The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/2lZQqQs. Listeners should access the webcast or call 10-15 minutes before the start time to ensure they are connected.

ABOUT CROWN

Crown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments and the timing thereof, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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CALGARY, March 8, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the appointment of Michael Overvelde, CPA, CA, CFA, to the position of Senior Vice President, Finance. Mr. Overvelde has more than 25 years of experience in capital markets and accounting.

Mr. Overvelde was most recently Vice President, Equity Research Analyst at Raymond James covering the Canadian Diversified Financials sector. His equity research experience also includes roles at TD Securities and UBS Securities Canada, covering companies in banking, insurance, and industrials. Mr. Overvelde previously spent approximately 10 years in senior institutional equity sales positions at National Bank Financial and UBS Securities Canada. Prior to entering the capital markets, he spent more than five years at Ernst & Young as Audit Manager working mainly on the financial services and diversified industries teams. Mr. Overvelde obtained his Bachelor of Commerce degree before becoming a Chartered Professional Accountant. He also earned his Chartered Financial Analyst designation.

“We welcome Michael to the Crown team,” said Chris Johnson, President and CEO of Crown. “We believe his background makes him a great fit for our organization, given our many connections to the capital markets. Michael has more than 20 years of experience in the Canadian capital markets, including strong relationships in the investment community, and has spent the majority of his career focused on financial services. He will work closely with our CFO Lyle Bolen to transition responsibilities in the coming months as Lyle prepares for retirement.”

ABOUT CROWN

Crown is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the growth of the alternative financial market. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See the AIF for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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CALGARY, March 1, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced that, effective Friday, March 3, 2017, its trading symbol on the Toronto Stock Exchange will change from “CRN” to “CRWN”. No action is required to be taken by current shareholders in connection with the change, and no change has been made to Crown’s share capital.

Q4 2016 CONFERENCE CALL
Crown also announced it will host a conference call to discuss its 2016 fourth quarter financial results on March 22, 2017 at 8:30 a.m. EST.  The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Lyle Bolen, Chief Financial Officer.  The Company will issue its financial results on the morning of March 22, 2017.

DATE:  Wednesday, March 22, 2017

TIME:  8:30 a.m. EST

DIAL IN NUMBER:  (647) 427-7450 or (888) 231-8191

CONFERENCE ID:  80268517
REPLAY:  (416) 849-0833 or (855) 859-2056

Available until midnight (EST) March 29, 2017

WEBCAST:  The audio webcast can be accessed at www.crowncapital.ca under Investor Relations or at http://bit.ly/2lZQqQs

ABOUT CROWN
Crown is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

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CALGARY, February 28, 2017 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRN), which provides growth capital to successful mid-market companies, today announced the repayment by Corrosion Service Company Limited (“Corrosion”) of a special situations loan managed by Crown.

Established in 1950, Corrosion is the second-largest corrosion engineering firm in Canada focused mainly on corrosion mitigation for the midstream energy industry. Crown arranged a $4.0 million, five-year loan to Corrosion in April 2015 to support a management buyout. Corrosion has prepaid this loan in full, including principal, interest and fees.

“Corrosion has been an ideal client and performed well over the term of the relationship,” said Chris Johnson, President and CEO of Crown. “We were proud to be part of this chapter for Corrosion and wish them continued success.”

“Crown was an excellent capital provider for Corrosion,” said Dean Rookes, President of Corrosion. “They really understood our company and its specific requirements and were supportive partners in our business, allowing us to execute on our plans without diluting capital.”

The Corrosion loan was held by special situations funds managed by Crown in which Crown holds an ownership interest of approximately 54%. Crown has no further participation in Corrosion and the realized IRR on the loan was approximately 25%.

ABOUT CROWN

Crown (TSX: CRN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the alternative financial market and the general economy, transaction pipeline, Crown’s business plans and strategy, including anticipated capital deployments, and Crown’s future cash flow and shareholder value. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See the AIF for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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