corporate information

Trans Québec & Maritimes Pipeline Inc. (the "Company") was incorporated under the Canada Business Corporations Act on April 24, 1980. On January 5, 1982, the Company was appointed mandatary (agent) of a partnership (the "Partnership") then known as TQM Pipeline Partnership to construct and operate the pipeline system in the provinces of Québec, New Brunswick and Nova Scotia, including the transportation and sale of natural gas to distributors. The Company realizes that another pipeline has been built in the Maritimes but has not however modified its orignal mandate. The pipeline (the "Pipeline System") connects with the system operated by TransCanada PipeLines Limited ("TransCanada") at Saint-Lazare, Québec, near the Ontario border. A portion of the pipeline extends from
Saint-Lazare to Saint-Nicolas on the South Shore of Québec City, while the other portion extends from Lachenaie to East Hereford, where it connects to the Portland Natural Gas Transmission System network ("PNGTS") in the northeast United States.

Until August 24, 1995, Gaz Métro Limited Partnership (« GMLP ») and TransCanada were equal partners in the Partnership, which was up to that date a general partnership formed under the laws of the Province of Québec. On August 24, 1995, the Partnerhsip continued its existence as a limited partnership governed by the laws of the Province of Québec of which GMLP and TransCanada became the general partners and of which 3118240 Canada Inc. became the limited partner, and the Partnership changed its name to TQM Pipeline and Company, Limited Partnership. A capital contribution of $8,250 was made on that date by 3118240 Canada Inc. to the Partnership. Consequently, the percentage participation of the general partners in the Partnership is of 49.995% each and the percentage participation of the limited partner in the Partnership is of 0.01%. GMLP and TransCanada are the equal shareholders in the Company, 3118240 Canada Inc. and TQM Finance Inc. ("TQMF") which acts as a financial intermediary between the Company and the Partnership.

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