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ANNUAL REPORT 2013 OPERATING COMPANIES Caron Transportation Systems 301 Streambank Avenue Sherwood Park AB T8H 1N1 ClearTech Industries Inc. 1500 Quebec Ave Saskatoon SK S7K 1V7 Panther Industries Inc. PO Box 698 Davidson SK S0G 1A0 Kipp Zonen B.V. Delftechpark 36 2628 XH Delft The Netherlands Hydor-Tech Limited 11750 - 180 Street Edmonton AB T5S 1N9 G Mechanical Ltd. 229 Avenue I South Saskatoon SK S7M 1X8 Kreos Aviation Hangar 16 16 Wayne Hicks Lane Saskatoon SK S7L 6S2 Round Table Management Ltd. 255 Robin Crescent Saskatoon SK S7L 6M8 Adventure Destinations International Hangar 11 J.G. Diefenbaker Airport Saskatoon SK S7L 5X4 MINORITY INTERESTS Advantage Tower Ltd. Box 26 2 Alberta Ave Alderside AB T0L 0A0 ClubMynx Fitness Inc. 619 1st Ave N Saskatoon SK S7K 2C6 Defyrus 150 William Street Kingston ON K7L 2C9 Doepker Industries Ltd. PO Box 10 Anaheim SK S0K 0G0 MPT Mustard Products Technologies Inc. 101 111 Research Drive Saskatoon SK S7N 3R2 Phenomenome Discoveries Inc. 204 407 Downey Road Saskatoon SK S7N 4L8 Prairie Plant Systems Inc 1 Plant Technology Road Saskatoon SK S7K 3J8 Text2Car Inc. 904 Central Avenue Saskatoon SK S7N 2G8 TinyEYE Technologies Corporation 127 116 Research Drive Saskatoon SK S7N 3R3 TitanStar Properties Inc. 950 789 West Pender Street Vancouver BC V6C 1H2 Warman Home Centre 601 South Railway Street West Warman SK S0K 4S1 101178518 Saskatchewan Ltd. PO Box 1901 Saskatoon SK S7L 3S5 SOLICITOR Stevenson Hood Thornton Beaubier 500 - 123 2nd Avenue South Saskatoon SK S7K 7E6 AUDITOR Ernst Young LLP 1200 - 410 22nd Street East Saskatoon SK S7K 5T6 PRIMARY FINANCIAL SERVICES PROVIDER BMO 101 - 2nd Avenue Saskatoon SK S7K 3L4 255 Robin Crescent Saskatoon SK S7L 6M8 Tel 306 664-3955 www.picgroup.ca PrintedinCanadaDesignedbyDarkHorseCommunications PIC Investment Group Inc.