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Shareholder Directives 

Hydro One's sole shareholder, the Ontario Government, may at times direct our company (through the Ministry of Energy) to undertake special initiatives. Such directives are communicated as written declarations by way of a Unanimous Shareholder Agreement or Declaration in accordance with Section 108 of the Ontario Business Corporations Act (OBCA), and are made public here:

 Declaration of the Sole Shareholder regarding the power of the Board to enforce, including any and all other powers related to, the Transfer ("Offshoring") of jobs out of the Province of Ontario under the Outsourcing Agreement entered into by Hydro One Inc. with Inergi LP ("Inergi") on or about December, 2001 (the "Outsourcing Agreement") September 24, 2008

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