TERMS AND CONDITIONS OF USE OF WEB SITE
By visiting this web site, you accept to comply with the terms and conditions of use which may be modified from time to time without prior notice. Please ensure that you read and understand the conditions. Each time you visit this web site, you are presumed to have read and accepted the terms and conditions of use. Visiting or continued use of the services offered through this web site means that you accept the terms and conditions of use, including any changes to them. All changes will be posted on this web site. Please look at all changes and updates. If you do not accept the terms and conditions, please do not use this web site. The terms and conditions and your use of this web site are governed by the laws of the Province of Québec and all other relevant laws of Canada.

LIMITATION OF LIABILITY
The information contained on the web site of Hexavest is provided for information purposes only and in no way constitutes an offer of services or a solicitation. Although we believe the information contained in herein to be accurate and up-to-date, Hexavest assumes no responsibility and, consequently, declines all responsibility with respect to direct or indirect damages or any loss of profits that may result from the use or unavailability of its web site, including any responsibility connected with the inaccuracy of information provided on this site or any inaccuracy resulting from the fact that this information was used to carry out financial or commercial transactions. The information contained on this site is not intended to provide financial, tax, legal, or accounting advice and should not be used for this purpose. Past performance is not a guarantee of future performance. Any opinion expressed on this web site may be modified without prior notice. It is prohibited to retransmit, record on any support whatsoever, copy, redistribute, reproduce, or republish this web site for any purpose.

AVAILABILITY OF PRODUCTS

The products and services provided on this web site are:
· subject to the terms and conditions of applicable laws; and
· provided only in certain provinces and territories of Canada or other jurisdictions where they may be offered lawfully.

Not all products, services, and information are provided in all jurisdictions outside Canada. The information contained on this web site must not be considered as an offer or solicitation to buy or sell any fund investments or any other products, services, or information to any person in any jurisdiction where offers or solicitations are prohibited by law or to any person to whom it is prohibited to make an offer or a solicitation. Potential investors who do not live in Canada should consult their financial advisor to find out if these securities are offered lawfully within their jurisdiction.

If you choose to use this web site outside Canada, you are solely responsible for complying with all relevant local, national, and international laws. It is prohibited to use or export, or re-export any information contained on this web site, or to copy any parts in violation of any relevant law or regulation, including the Canadian laws and regulations relating to importing.

COPYRIGHT LAWS
The entire web site of Hexavest is protected by copyright laws that prohibit anyone from reproducing, in whole or in part, transmitting (electronically or by any other means), modifying, or creating a link to use this web site without the prior written consent of Hexavest

HYPERTEXT LINKS
Reference on this web site to products or services of third parties does not mean that Hexavest endorses or approves such products or services, and is provided only for convenience. Hexavest neither endorses nor approves links to other web sites or third parties and their products or services, and is not responsible for any incompatibility, inconvenience, or contamination by computer viruses or worms, Trojan horses or any other destructive agent originating from these sites. Linking to other sites is at your own risk, and Hexavest will not be held liable for any damage caused by such links.

INTERNET E-MAILS
The confidentiality and security of e-mail transmissions via Internet are not guaranteed. E-mail communications are not confidential and may be intercepted, lost, or even modified. Hexavest is not responsible for any harm or damage that you or any other person may incur by transmitting via Internet to Hexavest e-mails containing personal or confidential information, or by receiving from Hexavest e-mails sent to you at your request.