First Contract Month Position Limit

Pursuant to subparagraph 6.309B(b)(ii) of the Rules of the Bourse, for the first Delivery Month for each designated Government of Canada Bond Futures Contract, the maximum net Long Position or net Short Position which a Person may own or control is the Futures Contract equivalent of 5% of the total outstanding amount of Government of Canada Bonds eligible for Delivery for the designated Government of Canada Bond Futures Contracts at the start of trading on the first business day prior to the first Delivery notice day of the first Delivery Month. Such position limits become effective at the market close on the first business day of the first Delivery Month.