LEGEND/DISCLAIMER TO  BUDGET BRIEF

 This Budget Brief is a publicly available document and was not prepared to assist prospective purchasers in making investment decisions regarding any distribution of securities of Wilfrid Laurier University (the “University”) under the Securities Act (Ontario).  This Budget Brief contains certain forward-looking statements and information from the University relating, but not limited, to its operations, anticipated financial performance, prospects and strategies.  The financial results or events predicted in these statements may differ materially from those expressed in the Budget Brief.  The University’s budget and related information as set out in the Budget Brief are subject to numerous assumptions, inherent risks and uncertainties that could significantly affect anticipated results in the future.  The University undertakes no obligation to update, or otherwise revise, the information in the Budget Brief, whether as a result of new information, future events or otherwise.