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Measured in Canadian dollars, for the three months ended December 31, 2012, Liberty Utilities (West)’s operating profit totalled $8.7 million as compared to $7.0 million in the same period in 2011. 

## Liberty Utilities: Central Region 

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$^{1}$ Represents MMBTU since August 1, 2012 acquisition date 

Liberty Utilities (Central) is comprised of Liberty Utilities’ operations in Texas, Missouri, Illinois, and Iowa. Liberty Utilities (Central) acquired its natural gas distribution utilities on August 1, 2012 and accordingly there are no results for these utilities for the corresponding period in 2011. 

From the acquisition date of August 1, 2012 to December 31, 2012, Liberty Utilities (Central) natural gas distribution sales totalled 2,399,850 MMBTU. 

During the year ended December 31, 2012, Liberty Utilities (Central) provided approximately 385 million U.S. gallons of water to its customers, and treated approximately 370 million U.S. gallons of wastewater. 

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$^{1}$ Represents Natural Gas revenue and gas costs since August 1, 2012 acquisition date. 

## 2012 Annual Operating Results 

Liberty Utilities (Central) has investments in natural gas distribution assets for regulatory purposes of U.S. $131.4 million and water distribution assets for regulatory purposes of U.S. $24.1 million as at December 31, 2012, as compared to U.S. $nil and U.S. $23.1 million, respectively as at December 31, 2011. 

