Arctic Glacier

(in thousands of U.S. dollars, except as noted)

	2009	2008	2007
Sales	227,588	246,982	234,666
EBITDA	54,497	60,698	64,067
EBITDA margin (% of sales)	23.9%	24.6%	27.3%
Net earnings (loss)	(15,874)	(36,859)	19,852
Funds from operations⁽¹⁾	34,574	44,044	48,137
Capital expenditures, net ⁽²⁾	10,782	13,445	16,596
Total assets	437,793	450,337	500,842
Long-term debt	163,059	168,792	151,606

⁽¹⁾ Excludes after tax costs of antitrust investigations and related expenses.
⁽²⁾ Additions to capital assets, net of proceeds from disposal of capital assets and other assets.

Units Issued and Outstanding (in thousands)

Issued in exchange for The Arctic Group Inc. shares	6,598.4
Initial Public Offering on March 22, 2002	9,052.6
Issued on conversion of convertible debentures	8.9
Unit offering on June 25, 2003	2,650.0
Unit offering on October 8, 2003	4,950.0
Issued in 2003 under DRIP plan	15.2
Issued in 2004 under DRIP plan	74.9
Unit offering on September 20, 2005	4,450.0
Issued in 2005 under DRIP Plan	87.7
Unit offering on May 25, 2006	4,673.0
Issued in 2006 under DRIP Plan	73.3
Stock Options Exercised	102.5
Issued in 2007 under DRIP Plan	81.1
Conversion of Convertible Debentures	746.0
Unit offering on February 1, 2007	5,350.0
Issued in 2008 under DRIP Plan	129.8
Units issued and outstanding	39,043.4

Unit Options ⁽¹⁾	3,441.5

⁽¹⁾ If all outstanding unit options are exercised.

2010 Q1 Report

2009 Annual Report