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Sales 5012614 Current Assets 870310 Total Assets 54164605 Ownership 100 14 ROUND TABLE MANAGEMENT If 2013 was the year of expenditures capital spending and heavy investment for the future of Round Table Management then 2014 could be characterized as a year of reaping the benefits of these strategies. Investment was still happening across Western Canada but the biggest push was in starting to realise some revenue on the previous yearsdevelopments and acquisitions. 2014 saw buildings being filled and lease deals materialize for a number of our projects highlighted by the JWYuel Building at 220 Wall Street in Saskatoon our biggest development to date. KS Potash finished their tenant build out and had their official grand opening and ribbon cutting in September. RTM also saw vacancies filled in large buildings in Saskatoon Quebec Avenue Robin Crescent as well as a couple of deals close in Edmonton. This has translated into a significant increase in rental revenue and also had the interesting effect of decreasing sister company contribution to rental revenue by almost half which means the majority of our revenue now comes from 3rd party customers. 2014 was also a year that saw the sale of some depressed assets and the sale of assets in areas that we were leaving including parts of British Columbia andWinnipeg. RTM has also wrapped up its work with Panther Industries on managing the construction of their new state-of-the-art Trans-Load facility in the Sturgeon Industrial Park in Fort Saskatchewan Alberta.We continue to work very closely with a few of our sister companies in meeting their real estate and space challenges for 2014 and beyond as they prepare for growth or other operational challenges and opportunities. 2014 was a landmark year as well in that it saw PIC Investment Group move to its first new offices in 21 years. After a long and arduous search PIC purchased half of a building in the warehouse district of Saskatoon just down the street from the JW Yuel Building and set about re-modeling the building to better meet the needs of the PIC Head Office. RTM still has a few vacancies to deal with and faces a few challenges in finding the right properties for our sister companies particularly in Alberta but past investments are starting to pay dividends for the future of RTM. With the alliances and partnerships that have been forged over the last couple of years with other developers consultants and construction firms RTM is poised to enter into another year of investment and development for the future in 2015. Craig Bell