14 PIC Investment Group Inc. 2011 was the year of big projects for Round Table Management RTM. Work is now complete at the new Caron Transportation Systems CTS facility at the BizHub Industrial Park in Saskatoon and they were able to move in at the end of September. It is a great facility with a leading edge yard that will allow CTS to serve its ever growing business. Work continues on ClearTech Industries CTI new corporate head office in Saskatoon and CTI should be starting to move in before the end of 2011. This premier facility will allow CTI room for growth as well as a fresh modern work environment for new and existing employees. 2011 also saw the start of the biggest project to date for RTM with the design and development of a new office building in the historic warehouse district of Saskatoon. This 50000 square foot Class A building will be Leed Gold Certified and home to one or more top tier companies. Ground should be broken late 2011early 2012 with construction throughout 2012 and into 2013. 2011 saw a contraction in some of the holdings in Manitoba and this will continue in 2012. RTM is taking the opportunity to increase its holdings in areas where there is better growth and management potential. Lease transactions were strong in 2011 with existing and new tenants for vacant properties. Work continues on property development for future needs for sister companies in Alberta and BC. An important step was taken in the evolution of RTM for 20112012 and beyond and that was the recent creation of a Business Development Manager position. This is a full time position that will be responsible for existing and future tenants as well as finding and creating new opportunities for RTM. This is an exciting development for RTM as it will help us better meet the needs of new and existing customers. RTM will continue to evolve as a 3rd party owner developer of property and buildings but will always maintain its primary goal of supporting its sister companies at PIC Group in managing their current and future real estate needs. Kevin Roufosse Craig Bell for lease l e a s e d RTM is taking the opportunity to increase its holdings in areas where there is better growth and management potential.