E D M O N T O N J O U R N A L edmontonjournal.com

Daryl A. Katz Chairman

September 29, 2012

To the People of Edmonton, Northern Alberta and Oilers Fans Everywhere, I owe you an explana%on. I was upset when certain confiden%al informa%on was leaked and by comments that I thought were unfair and called my integrity into ques%on. I reacted by trying to send a message to City leaders that they should not take my support for a new arena for granted. In doing so, I took for granted your support and your love of the Oilers. That was wrong, and I apologize. The best I can say is that I did it because I’m figh%ng for a deal that will enable the team to stay in Edmonton – and not because I want them to be anywhere else. That’s why I bought the Oilers in the first place. Because I want the NHL to be sustainable in Edmonton for the long-­‐term, and because I saw the city’s need for a new arena as an opportunity to transform our city for the be'er. In hindsight, I have underes%mated the degree to which it would be up to us to make the case for public funding. As I think you all know by now, public communica%ons is not in my nature. Chalk that up as a personal shortcoming. The simple fact is that the Oilers need Edmonton, and Edmonton needs the Oilers. Each is an integral part of the fabric and iden%ty of the other. We are con%nuing to work with City Administra%on to forge a win-­‐win partnership that will benefit our city and that we can all be proud of. I hope we can count on your support. Sincerely,

Daryl Katz

1702 Bell Tower, 10104 -­‐ 103 Avenue, Edmonton, AB Canada T5J 0H8 Tel: (780) 990-­‐0505 Fax: (780) 425-­‐6160