The indexes in the "Quebec Index" range and those in the "Canada Index" range are "price" indexes. They are calibrated to reflect only the territorial activities of each society. The following table presents the layout and weight of the criteria and indicators that are used to calculate the "territorial float" of the societies selected in each territorial index:

The weightings of the securities in the index are reviewed semi-annually, that is to say at the time of the revisions provided for in the present index maintenance and monitoring policy. On these dates, the weight of each society i at the revision date r\ (IW_{i,r}) is obtained using the following formula:

IW_{i,r} = \frac{(F_{i,r} \times TP_{i,r})^{2/3}}{\sum_{i=1}^{30}(F_{i,r} \times TP_{i,r})^{2/3}}

With:

• IW_{i,r} = Weight of society i in the index at revision date r
• F_{i,r} = Market value of the float of society i at revision date r
• TP_{i,r} = Percentage of activity in the targeted territory of society i at revision date r
• TP_{i,r} = (MGMT_{i,r} \times 25\%) + (PROD_{i,r} \times 50\%) + (PROP_{i,r} \times 25\%)
• MGMT_{i,r} = Percentage of management in the targeted territory of the society i at revision date r
• PROD_{i,r} = Percentage of production in the targeted territory of the society i at revision date r
• PROP_{i,r} = Percentage of control held by residents in the targeted territory of the society i at revision date r

The number of securities, NSi, of each of the societies included in the index is also recalculated every six months using the following formula:

NS_{i,r} = \frac{IT_{r} \times IW_{i,r}}{P_{i,r}}

With:

• NS_{i,r} = The number of shares of security i to be included in the index at revision date r
• IT_{r} = The value of the index at revision date r
• P_{i,r} = The price of share of security i at revision date r

Finally, at each of the dates t included between two revision dates, the index is obtained using the following formula:

IR_{t} = \frac{\sum_{i=1}^{n}(NT_{i,r} \times P_{i,r})}{K_{t} \times \sum_{i=1}^{n}(NT_{i0} \times P_{i0})} \times 1000

With:

• n = The number of societies in the index

Kt is an adjustment factor which allows the index to be left unchanged during special events such as the addition or removal of a security from the index.