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8 COGECO CABLE INC. 2014 MD&A
FORWARD-LOOKING STATEMENTS
Certain statements in this Management’s Discussion and Analysis (“MD&A”) may constitute forward-looking information within the meaning of
securities laws. Forward-looking information may relate to Cogeco Cable Inc.’s ("Cogeco Cable" or the "Corporation") future outlook and anticipated
events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such
as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other
similar expressions concerning matters that are not historical facts. In particular, statements regarding the Corporation’s future operating results
and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and
assumptions including expected growth, results of operations, performance and business prospects and opportunities, which Cogeco Cable
believes are reasonable as of the current date. While management considers these assumptions to be reasonable based on information currently
available to the Corporation, they may prove to be incorrect. The Corporation cautions the reader that the economic downturn experienced over
the past few years makes forward-looking information and the underlying assumptions subject to greater uncertainty and that, consequently, they
may not materialize, or the results may significantly differ from the Corporation’s expectations. It is impossible for Cogeco Cable to predict with
certainty the impact that the current economic uncertainties may have on future results. Forward-looking information is also subject to certain
factors, including risks and uncertainties (described in the “Uncertainties and main risk factors” section of the present MD&A) that could cause
actual results to differ materially from what Cogeco Cable currently expects. These factors include namely risks pertaining to markets and
competition, technology, regulatory developments, operating costs, information systems, disasters or other contingencies, financial risks related
to capital requirements, human resources, controlling shareholder and holding structure, many of which are beyond the Corporation’s control.
Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue
importance on forward-looking information and should not rely upon this information as of any other date. While management may elect to, the
Corporation is under no obligation and does not undertake to update or alter this information at any particular time, except as may required by
law.
All amounts are stated in Canadian dollars unless otherwise indicated. This report should be read in conjunction with the Corporation’s consolidated
financial statements and the notes thereto, prepared in accordance with the International Financial Reporting Standards (“IFRS”) for the year
ended August 31, 2014.