MEMBER VALUATION STATEMENT

Personal Details

Participating Employer: Sherritt International Corporation

Name of Plan: The Ambatovy International Retirement & Savings Plan
Group Policy Number: 802.295
Plan Currency: USD
Member: Mr Mahesh Harge
Date of Birth: 28-Jul-1989
Location Code:
Billing Destination: OG
Certificate Number: SHERRITT USD AMB1788
Certificate Status: Inforce
Date of Joining Scheme: 01-Oct-2022

Fund Summary

Valuation Date: 31-Dec-2022 Plan Currency: USD

Fund Name Number Bid Price1 Fund Fund Value 2 Account

of Units Ccy Value
Utmost USD Deposit Administration
Guaranteed Interest Rate 3 0.30%
Company Contribution 136.6370 1.0743 USD 146.79 146.79
136.6370 146.79
Utmost JPM Emerging Markets Fund
Company Contribution 4.6495 31.7360 USD 147.56 147.56
4.6495 147.56
Utmost Outcome Strategy+3% USD
Company Contribution 10.6687 13.6450 USD 145.57 145.57
10.6687 145.57
Utmost JPMorgan Pacific Equity Fund
Company Contribution 5.4131 36.3260 USD 196.64 196.64
5.4131 196.64
Utmost Outcome Strategy+4% USD
Company Contribution 16.5652 11.6190 USD 192.47 192.47
16.5652 192.47
Utmost US Dollar Reserve Fund
Company Contribution 7.9479 18.5010 USD 147.04 147.04
7.9479 147.04

Account Value

Total Account Value as at 31-Dec-2022 USD 976.07

Doc ID: 448285 Page 1 of 2

Data Date: 04-Feb-2023
 MEMBER VALUATION STATEMENT

Personal Details

Participating Employer: Sherritt International Corporation

Name of Plan: The Ambatovy International Retirement & Savings Plan
Group Policy Number: 802.295
Plan Currency: USD
Member: Mr Mahesh Harge
Date of Birth: 28-Jul-1989
Location Code:
Billing Destination: OG
Certificate Number: SHERRITT USD AMB1788
Certificate Status: Inforce
Date of Joining Scheme: 01-Oct-2022

This Valuation is based on historic prices therefore, as prices may fluctuate the Account value detailed is not Guaranteed.
This value is also subject to your Plan vesting Rules.

Notes:
1. Deposit Administration Funds are priced daily. All other Funds are priced weekly at the latest available Bid price.
2. The Fund Value will differ from the Account Value where the Fund is denominated in a different currency from the
Plan.
3. This rate only applies to your Deposit Administration Fund and shows the guaranteed interest rate for the current year,
which is reflected in the daily unit price.

Doc ID: 448285 Page 2 of 2

Data Date: 04-Feb-2023
 MEMBER TRANSACTION STATEMENT

Personal Details

Participating Employer: Sherritt International Corporation

Name of Plan: The Ambatovy International Retirement & Savings Plan
Group Policy Number: 802.295
Plan Currency: USD
Member: Mr Mahesh Harge
Date of Birth: 28-Jul-1989
Location Code:
Billing Destination: OG
Certificate Number: SHERRITT USD AMB1788
Certificate Status: Inforce
Date of Joining Scheme: 01-Oct-2022

Transaction History

Transaction Period: 01-Jan-2022 to 31-Dec-2022 Plan Currency: USD

Value Date Account Description Amount

22-Nov-2022 Company Contribution Premium 01-Oct-2022 395.16
22-Dec-2022 Company Contribution Premium 01-Nov-2022 583.33
USD 978.49

Investment Election

Account Investment Election

Company Contribution Utmost USD Deposit Administration 15.00 %
Utmost JPM Emerging Markets Fund 15.00 %
Utmost Outcome Strategy+3% USD 15.00 %
Utmost JPMorgan Pacific Equity Fund 20.00 %
Utmost Outcome Strategy+4% USD 20.00 %
Utmost US Dollar Reserve Fund 15.00 %

Unit Summary

Investment Election Total Units purchased/(sold) over period

Utmost USD Deposit Administration 136.6370
Utmost JPM Emerging Markets Fund 4.6495
Utmost Outcome Strategy+3% USD 10.6687
Utmost JPMorgan Pacific Equity Fund 5.4131
Utmost Outcome Strategy+4% USD 16.5652
Utmost US Dollar Reserve Fund 7.9479

Transaction Summary

Transaction Type Amount

Doc ID: 448614 Page 1 of 2

Data Date: 04-Feb-2023
 MEMBER TRANSACTION STATEMENT

Personal Details

Participating Employer: Sherritt International Corporation

Name of Plan: The Ambatovy International Retirement & Savings Plan
Group Policy Number: 802.295
Plan Currency: USD
Member: Mr Mahesh Harge
Date of Birth: 28-Jul-1989
Location Code:
Billing Destination: OG
Certificate Number: SHERRITT USD AMB1788
Certificate Status: Inforce
Date of Joining Scheme: 01-Oct-2022

Transaction Summary

Transaction Type Amount

Premium Payment 978.49
USD 978.49

Investment Return

Investment Return from the first transaction date 23-Nov-2022 to 31-Dec-2022: -0.31%

This is the net overall investment growth that your account achieved over the period allowing for all monies paid in and paid
out and their timing. It is also known as the time-weighted rate of return achieved by your account.

The values shown are derived using the prices of the fund holdings underlying your account as at the beginning and end of
the period. Prices are not guaranteed and will fluctuate daily and so your account value will go up and down accordingly. Past
performance may not be indicative of future results. The mix of assets of the underlying funds, their currency and your
investment term all impact on potential returns, as does attitude to risk.

Notes:

1. Deposit Administration Funds are priced daily. All other Funds are priced weekly at the latest available Bid price.
2. Where the underlying funds are denominated in a different currency from the plan, they are converted to the plan currency
in the values shown on this statement.

Doc ID: 448614 Page 2 of 2

Data Date: 04-Feb-2023