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8 COGECO CABLE INC. 2015 MD&A
1. FORWARD-LOOKING STATEMENTS
Certain statements contained 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. Particularly, statements regarding the Corporation’s financial
guidelines, future operating results and economic performance, 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. Refer in particular to the "Corporate Objectives and Strategies" and "Fiscal
2016 Financial Guidelines" sections of the present MD&A for a discussion of certain key economic, market and operational assumptions we have
made in preparing forward-looking statements. While Management considers these assumptions to be reasonable based on information currently
available to the Corporation, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what Cogeco Cable currently expects. These factors include risks such as
technological changes, changes in markets and competition, increased cord-shaving or cord-cutting of our services, increased programming
costs or support structure costs, the successful implementation of our business strategies, regulatory or policy developments, non-renewal of
licences or franchises, a failure to renew a critical lease, a failure of supply of equipment or services, a failure in our cable network head-ends,
the inability to enhance our information systems, security breaches, malicious or abusive Internet practices, disasters or other contingencies,
general and economic conditions, fluctuations in foreign exchange rates, interest rates, capital markets and changes in tax policy, strikes or labor
protests, loss of key executives and the Corporation's controlling shareholder having conflicting interests with shareholders and other stakeholders,
many of which are beyond the Corporation’s control. For more exhaustive information on these risks and uncertainties, the reader should refer
to the "Uncertainties and Main Risk Factors” section of the present MD&A. These factors are not intended to represent a complete list of the
factors that could affect Cogeco Cable and future events and results may vary significantly from what Management currently foresees. The reader
should not place undue importance on forward-looking information contained in this MD&A and forward-looking statements contained in this
MD&A represent Cogeco Cable's expectations as of the date of this MD&A (or as of the date they are otherwise stated to be made) and are
subject to change after such date. While Management may elect to do so, the Corporation is under no obligation (and expressly disclaims any
such obligation) and does not undertake to update or alter this information at any particular time, whether as a result of new information, future
events or otherwise, except as 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, 2015.