Ottawa-Carleton, Regional Municipality of: New Issue

August 26, 1999

Genevieve Lavallee, CFA / Doug Hirano, CFA

416-593-5577 x2277

email: glavallee@dbrs.com

DBRS is assigning a rating of AA (high) to the Regional Municipality of Ottawa-Carleton's C$65 million issue of 20-year domestic bonds. The coupon rate is 6.20% and the maturity date is September 10, 2019. The rating trend is Stable.