PROVICE OF ONTARIO US$2,500,000,000 FISCAL AGENCY AGREEMENTFiscal Agency Agreement • February 8th, 2017 • Ontario Province Of • Foreign governments • Ontario
This is a fully registered Global Bond (the "Global Bond") in respect of a duly authorized issue of debt securities of the Province designated as its 2.400% Bonds due February 8, 2022 (the "Bonds"). This Global Bond is limited in aggregate principal amount to US$500,000,000. This Global Bond and all the rights of the registered holder hereof are expressly subject to a fiscal agency agreement dated as of February 8, 2017 (the "Fiscal Agency Agreement") between the Province and The Bank of New York Mellon, as fiscal agent, transfer agent, registrar and principal paying agent (the "Registrar", which term includes any successor as fiscal agent, transfer agent, registrar and principal paying agent) to which Fiscal Agency Agreement reference is hereby made for a statement of the respective rights, duties and immunities of the Province, the Registrar and holders of the Bonds and the terms upon which the Bonds are, and are to be, authenticated and delivered. This Global Bond and the Fiscal Age
