Legal Information

Disclosure Regarding Forward-Looking Statements 

This website contains statements and graphs ("statements") that constitute "forward-looking statements" within the meaning of the applicable securities legislation.  These statements include, among others, statements regarding outlook on oil and gas prices, estimates of future sales, production and operation costs, the estimated amounts and timing of capital expenditures, the merits or anticipated outcome of pending expansion plans or benefits of new technology, anticipated future debt levels, Crown royalty rates, exchange rates, business strategy, expansion of Canadian Oil Sands' business, disposal of the conventional oil and gas assets of Canadian Arctic Gas, formerly Canada Southern Petroleum Ltd., or other expectations, beliefs, plans, goals, objectives, assumptions or statements about future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimated", "forecasts", or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved).

Statements concerning oil and gas reserves and resources contained on or through this website and elsewhere may also be deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced in the future.  Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated by Canadian Oil Sands.  These risks include, but are not limited to: government regulations especially potential changes in the areas of taxation and environmental regulations; the risks of the oil and gas industry (for example, operational risks in producing synthetic crude oil and market demand; the impact on developments and operating costs as a result of tight labour supply in Alberta and in the Fort McMurray area in particular; the availability of pipeline capacity from Western Canada; the uncertainty of reserve estimates and reserves life; the uncertainty of estimates and projections relating to production, operating costs and expenses; potential delays or changes in plans with respect to expansion projects or capital expenditures); uncertainties as to the availability and cost of financing; general economic conditions; the effect of acts of, or actions against international terrorism; fluctuations in oil and gas prices and foreign currency exchange rates; and the possibility that government policies may change or governmental approvals may be delayed or withheld.  We caution that the foregoing list of risks and uncertainties is not exhaustive.

Although the Trust believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained in the annual and quarterly MD&A or on this website include, but are not limited to: labour shortages and the productivity achieved from labour in the Fort McMurray area, the impact of technology on operations and processes and how new complex technology may not perform as expected, the supply and demand metrics for oil and natural gas, the ability of the other joint venture owners of Syncrude to modify the budgets or expansion plans at Syncrude, normal risks associated with litigation, general economic, business and market conditions, regulatory changes, the variances of stock market activities generally, and such other risks and uncertainties described from time to time in the reports and filings made with securities regulatory authorities by the Trust as well as the assumptions outlined in our annual and quarterly MD&A, our annual information form, and our guidance.  You are cautioned that the foregoing list of important factors is not exhaustive. Furthermore, the forward-looking statements contained on this website are made as of the date noted on the website posting, and the Trust does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.  The forward-looking statements contained on this website are expressly qualified by this cautionary statement.

Consequently, all of the forward-looking statements made on this website are qualified by these cautionary statements and there can be no assurance that the actual results or expansions or growth in productive capacity anticipated by Canadian Oil Sands will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Canadian Oil Sands or its business or operations. Canadian Oil Sands assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.

Website Privacy Policy

At Canadian Oil Sands, your privacy is important to us.  We are committed to maintaining the confidentiality, security and accuracy of your personal information.  This Website Privacy Policy (the "Policy") describes the information that Canadian Oil Sands collects in the normal course, how we use it and to whom that information may be disclosed.

This Policy applies to Canadian Oil Sands Trust and its majority owned subsidiaries ("Canadian Oil Sands").  All references to "Canadian Oil Sands", "we", "us", "our" or similar terms should be interpreted accordingly.

This Policy applies to the personal information that is collected, used or disclosed while using Canadian Oil Sands' website. 

Personal information that Canadian Oil Sands collects other than through this website is governed by our Privacy Policy and our Employee Privacy Policy, as applicable.  This Privacy Policy does not address information received from companies or other forms of business association.  Such information is protected by other Canadian Oil Sands policies and practices and through contractual arrangements. 

This Policy applies only to Canadian Oil Sands' activities that are subject to the provisions of Canada's federal and provincial privacy legislation, including, where applicable, the federal Personal Information Protection and Electronic Documents Act, and Alberta's Personal Information Privacy Act.

What Is Personal Information?

For the purposes of this Policy, "personal information" means information about an identifiable individual.  This does not include the name, title, business address or telephone number of an employee of an organization, when used for business communications.

What Personal Information Do We Collect?

Canadian Oil Sands collects the personal information that you submit to our website, such as your name, address and any other contact or other information that you choose to provide by:

• Using the "contact us" portion of this website; or
• By corresponding with a member or employee of Canadian Oil Sands via e-mail using the hyperlinks created for that purpose.

If the information we require is held by third parties (such as webmasters, Internet Services Providers), we will endeavour to ensure that the information has been collected with your consent.

In some cases, we may be required by applicable law or regulatory requirements, to collect information about you without your knowledge or consent.

Non-personal information, such as the name of the domain from which you access the Internet, the dates and times you access our website and the Internet address of the website from which you may be linking directly to our website, is collected and used to determine the volume of traffic on our website.  This information also enables us to identify ways in which our website can be improved to serve you better.

Why Do We Collect Personal Information?

Canadian Oil Sands collects personal information to enable us to manage and develop our business and operations, including for the purposes described under the heading "Why Do We Collect Personal Information" in our Privacy Policy and "Why Do We Collect Personal Information and Personal Employee Information" in our Employee Privacy Policy.

Any personal employee information collected on our website will be governed by our Employee Privacy Policy.

When Do We Use or Disclose Your Personal Information?

We use your personal information for the purposes described in this Policy, and any additional purposes for which we have obtained your consent to the use of your personal information (which consent may be express, deemed or implied as explained below).  We may use or disclose your personal information without your knowledge or consent where we are permitted or required by applicable law or regulation.

We share your personal information with our employees, contractors, consultants and other parties who require such information to assist us with establishing, maintaining and managing our business relationship with you.

Further, your personal information may be disclosed in the circumstances described under the heading "When Do We Use or Disclose Your Personal Information" in our Privacy Policy and "When Do We Use or Disclose Your Personal Employee Information" in our Employee Privacy Policy.

Canadian Oil Sands is not in the business of selling your personal information to any third party. 

Consent

By using our website, you signify your consent to the contents of this Policy.  If you do not agree with the contents of this Policy, or to our collection, use, disclosure and management of your personal information as described in this Policy, you may not use our website.

We may use or disclose your personal information without your knowledge or consent where we are permitted or required by applicable law or regulation.

You may change or withdraw your consent at any time, subject to legal or contractual restrictions and reasonable notice, by contacting our General Counsel and Corporate Secretary using the contact information set out below. 

Protecting Personal Information

Canadian Oil Sands will endeavour to safeguard personal information and personal employee information using methods that are appropriate to the sensitivity of the information.

Unfortunately, no data transmitted over the Internet is ever 100% secure.  As a result, Canadian Oil Sands does not represent, warrant or guarantee that personal information will be protected against loss, misuse, interception or alteration and does not accept any liability for personal information submitted to us via the Internet, nor for your or any third parties' use or misuse of personal information.

Updating Personal Information

It is important that the personal information Canadian Oil Sands holds about you is accurate and current.  Canadian Oil Sands asks that you to keep us informed of changes to your personal information.

Accessing Your Personal Information

You can ask to see the personal information that we hold about you in the manner and subject to the terms described under the heading "Accessing Your Personal Information" in our Privacy Policy and our Employee Privacy Policy, as applicable.

Legal Notice

This website is owned and operated by Canadian Oil Sands Trust (the "Trust" or "Canadian Oil Sands").  All references herein to Canadian Oil Sands shall be deemed to include any subsidiary, affiliate, associate or successor corporation of Canadian Oil Sands.  By using this site, you agree to the following terms and conditions:

Limited License

Canadian Oil Sands grants users of this website a limited license only to display and print information contained on this website for your own personal, non-commercial use.  You may not otherwise reproduce, modify, republish or disseminate any information contained on the Canadian Oil Sands website in any manner or form whatsoever, without prior written permission from Canadian Oil Sands.

Website Is Provided As A Service Only

The material contained in this website is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction.  Material available in or through this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Canadian Oil Sands and should not be used for the purpose of making investment decisions concerning Canadian Oil Sands' securities.  You may obtain printed copies of the official versions of public disclosure documents from the Director, Investor Relations at investor_relations@cos-trust.com.

Although Canadian Oil Sands updates this website regularly with material believed to be accurate at the time of posting, Canadian Oil Sands does not guarantee the accuracy, completeness, timeliness or currency of the material and consequently Canadian Oil Sands expressly disclaims any liability for errors or omissions in the material contained in the website.

Further, this website and the material and information on it may be changed or updated from time to time without notice.

Canadian Oil Sands Website Protected By Copyright and Trademark

Except as otherwise noted, the logos, icons, graphics, designs, names, trade names, trademarks or service marks displayed on this website belong to Canadian Oil Sands or other third parties and may not be used without Canadian Oil Sands' written permission.  Written permission is also required for any use of any third party trademark displayed on the website.

Canadian Oil Sands Not Responsible For Linked Websites

This website may contain hyperlinks to websites operated by parties other than Canadian Oil Sands.  Such hyperlinks are provided for your reference only.  Canadian Oil Sands does not control such websites, and is not responsible for their contents.  Canadian Oil Sands' inclusion of hyperlinks to such websites does not imply any endorsement of the material on such websites or any association with their operators.

Canadian Oil Sands Not Responsible For Internet Software Or Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of material contained on this website when displayed or downloaded onto your computer.  Computer viruses or other destructive programs may also be inadvertently downloaded from the website.  Canadian Oil Sands shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

Exclusion Of Liability

Canadian Oil Sands makes no representations about the suitability of the information contained on this website for any purpose.  All such information is provided "as is".  In no event shall Canadian Oil Sands and/or its suppliers be liable for any direct, indirect, punitive, incidental, special or consequential damages arising out of or in any way connected with the use of this website or with the delay or inability to use this website, or for any information and services obtained through this website, or otherwise arising out of the use of this website, whether based on contract, tort, strict liability or otherwise, even if Canadian Oil Sands has been advised of the possibility of damages.

Canadian Oil Sands shall not be liable for any claims, expenses, damages (including direct, indirect, special, moral, incidental or consequential damages), costs, loss of profits, opportunities or information arising from this website including, but not limited to:

• The use of or reliance on material contained in or obtained through this website;
• Any inaccuracy or omission in such material or failure to keep the material current;
• Use of any third party websites linked to this website;
• Any Internet software or software algorithms used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website;
• Inability to use the website due to, among others, interruption, delay in operation  or transmission, defect, computer virus or line or system failure; and
• Any other matter connected with this website even if Canadian Oil Sands is made aware of the possibility of such claims, expenses, damages, costs or losses.

In addition, no warranty of any kind, whether implied, express or statutory, including but not limited to, warranties as to non-infringement of intellectual property rights or third party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses, is given by Canadian Oil Sands in conjunction with the website, materials or software algorithms.

Internet E-mail

Please feel free to e-mail Canadian Oil Sands using any of the e-mail addresses contained in the website.  However, as the Internet is not a fully secure medium and any communication may be lost, intercepted, corrupted or altered, Canadian Oil Sands is not liable for any damages related to communications (personal, confidential or otherwise) to or from this website.

You agree that with respect to any material provided to Canadian Oil Sands through this website:

• Canadian Oil Sands has no obligation of any kind concerning such information;
• The information is non-confidential;
• Canadian Oil Sands may use, disclose, distribute, copy or reproduce the material and shall be free to use any ideas, concepts, know-how or techniques of any kind contained in the material for any purpose; and
• The information is truthful, and the disclosure of the information does not violate the legal rights of others.

Non-GAAP Financial Measures

Included on this website are references to financial measures commonly used in the oil and gas industry such as funds from operations and free cash flow.  These financial measures are not defined by generally accepted accounting principles in either Canada or the US.  Consequently these are referred to as non-GAAP measures.

General

• The material contained in this website is deemed to be provided in Alberta and is subject to Alberta law.
• All monetary amounts mentioned on this website are in Canadian dollars unless otherwise stated.
• Canadian Oil Sands makes no representation that access to this website or that the information contained thereon is appropriate or legal in all jurisdictions. You  may not access this website or use any information in those jurisdictions where it  would be illegal. In any case, your access to the website is entirely at your own initiative and you are responsible for ensuring that all laws are complied with.
• As a condition of your use of this website, you warrant to Canadian Oil Sands Trust that you will not use this website for any purpose that is unlawful or prohibited by these terms, conditions and notices.

Contacting Us

To get more information about this Policy or change or withdraw your consent under this Policy, you can:
• Contact us via email, letter or in person at:

Canadian Oil Sands Limited
2500 First Canadian Centre
350 – 7th Avenue S.W.
Calgary, Alberta  T2P 3N9

Attention:  Trudy Curran, General Counsel and Corporate Secretary

Tel:  (403) 218-6240
Fax:  (403) 218-6210
Email:  trudy_curran@cos-trust.com

Revision to this Policy

Canadian Oil Sands may from time to time make changes to this Policy to reflect changes in legal or regulatory obligations or changes in the manner in which we deal with personal employee information.  We will post any revised version of this Policy on our website.  Any changes to this Policy will be effective from the time they are posted, provided that any change that relates to our collection, use or disclosure of your personal information will not apply to you, unless you consent to that change.