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2010 saw Round Table Management focus on its fundamental mandate to support its sister companies at PIC Group in managing their real estate needs. While work was done on third party real estate projects the priority for RTM in 2010 was to ensure that other PIC Group companies could remain focussed on their core businesses rather than real estate and tenancy issues. In addition to the day to day management of the portfolio which included working with some solid tenants to fill key vacancies a couple of significant projects were undertaken. A majority of the PIC Group of Companies had some kind of real estate development project in 2010 and RTM played a role in most of them. RTM started working with Caron Transportation on a new terminal at the Biz Hub business park in Saskatoon a project that is scheduled for completion in 2011 A building was purchased on Quebec Avenue in Saskatoon which will be transformed into ClearTechs new head office in 2011. RTM was also involved in the addition to HydorTechs plant in Edmonton. Tenant Improvement fulfillment was a top priority including Kreos Aviations new hangar complex at the Saskatoon Airport. There were fewer transactions in 2010 than in previous years though this could change in 2011 and beyond as we continue to analyse the portfolio to ensure maximum return for PIC Group. While we foresee consolidation in certain regions there will also be the opportunity to work on some quality transactions in 2011. RTM will also be exploring more partnership opportunities in 2011 to bring added value to the organisation. RTM will continue to prioritise its service offering to the other PIC companies. At the top of the list will be working with Panther Industries exploring some long term solutions for the interior of BC and finishing the projects listed above. RTMs top priority remains the same - to ensure that real estate is not a barrier to our sister companies growth. Craig Bell Kevin Roufosse 10 2010 Annual Report