British Columbia Investment Management Corporation

Investment Inventory ListINFRASTRUCTURE & RENEWABLE RESOURCES

| AS AT MARCH 31, 2017 (UNAUDITED)

BCI’S INVESTMENT INVENTORY 2

About BCIBCI is the leading provider of investment management services to British Columbia’s public sector. Our role is to generate investment returns that will enable our clients to meet their future funding obligations. Employing a global outlook, we seek investment opportunities that will meet our clients’ risk and return requirements over time.

Our investment inventory provides an overview of the holdings within BCI’s investment portfolio as at March 31, 2017. BCI holds all assets in trust; clients do not own the individual assets within BCI’s investment portfolio. As BCI acts for many clients with different mandates, the inventory is not representative of the portfolio of any particular client.

BCI is bound by obligations of confidentiality to many parties, including its clients, and does not disclose commercially sensitive information. All values in the investment inventory are unaudited.

This inventory reflects the investments managed by each asset class.

BCI’S INVESTMENT INVENTORY 3

INFRASTRUCTURE & RRIF DIRECT INVESTMENTS

ARTERIS

ASCIANO - LINX CARGO CARE

ASCIANO - PACIFIC NATIONAL RAIL

ASCIANO - PATRICK

CLECO PARTNERS LP

COMPANIA LOGISTICA DE HIDROCARBUROS CLH, S.A.

CORIX INFRASTRUCTURE INC.

DALRYMPLE BAY COAL TERMINAL

INTRANSIT BC LIMITED PARTNERSHIP (RAV)

ISAGEN SA

Infrastructure & Renewable ResourcesBCI holds Infrastructure & Renewable Resources in private assets both directly and through a portfolio of external managers. Infrastructure & Renewable Resources represents 9.6 per cent of managed assets.

INFRASTRUCTURE & RRIF INVESTMENTS As at March 31, 2017 (unaudited)

BCI’S INVESTMENT INVENTORY 4

INFRASTRUCTURE & RRIF INVESTMENTS As at March 31, 2017 (unaudited)

INFRASTRUCTURE & RRIF DIRECT INVESTMENTS

ISLAND TIMBERLANDS

MACQUARIE UTILITIES INC.

NOVA TRANSPORTADORA DO SUDESTE

OPEN GRID EUROPE GMBH

PUGET ENERGY

TEAYS RIVER

THAMES WATER

TIMBERWEST FOREST CORPORATION

TRANSELEC CHILE

TRENCAP LP

INFRASTRUCTURE & RRIF FUND INVESTMENTS

ARCLIGHT ENERGY PARTNERS FUND III, LP

ARCLIGHT ENERGY PARTNERS FUND IV, LP

ARCLIGHT ENERGY PARTNERS FUND V, LP

ARCLIGHT ENERGY PARTNERS FUND VI, LP

AZIMUTH ENERGY PARTNERS II FUND

BONNEFIELD CANADIAN FARMLAND LP III

BROOKFIELD AMERICAS INFRASTRUCTURE FUND

BROOKFIELD BRAZIL TIMBER FUND

BROOKFIELD INFRASTRUCTURE FUND II

BROOKFIELD INFRASTRUCTURE FUND III-D

ENERGY CAPITAL PARTNERS FUND I

FIRST RESERVE FUND XI

HIGHSTAR CAPITAL II PRISM FUND, LP

HIGHSTAR CAPITAL III PRISM FUND, LP

HIGHSTAR CAPITAL IV PRISM FUND, LP

MACQUARIE EUROPEAN INFRASTRUCTURE FUND

MACQUARIE EUROPEAN INFRASTRUCTURE FUND II

MACQUARIE EUROPEAN INFRASTRUCTURE FUND IV

BCI’S INVESTMENT INVENTORY 5

INFRASTRUCTURE & RRIF FUND INVESTMENTS

MACQUARIE EUROPEAN INFRASTRUCTURE FUND V

MACQUARIE INFRASTRUCTURE PARTNERS FUND

MACQUARIE INFRASTRUCTURE PARTNERS III

TIAA-CREF GLOBAL AGRICULTURE I

TIAA-CREF GLOBAL AGRICULTURE II

INFRASTRUCTURE & RRIF INVESTMENTS As at March 31, 2017 (unaudited)

BRITISH COLUMBIA INVESTMENT MANAGEMENT CORPORATION750 Pandora Ave, Victoria BC V8W 0E4 CANADA / BCI.ca

BCI is the investment agent for many institutional clients; the views and opinions expressed in this report are those of BCI and do not necessarily represent the views of its clients. The information in this report is provided as of the date hereof. Neither the delivery of the report nor any further discussions in relation to BCI will under any circumstances create any implication that there has been no change in the affairs of BCI since the date of this report. All rights reserved. Contents copyright © BCI 2018.

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