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## GLYPH<1>GLYPH<22>GLYPH<14>GLYPH<21> GLYPH<14>GLYPH<28> GLYPH<10>GLYPH<14>GLYPH<16> GLYPH<1>GLYPH<13> GLYPH<15> GLYPH<15> GLYPH<8> GLYPH<13>GLYPH<21> GLYPH<1>GLYPH<6>GLYPH<19> GLYPH<15> GLYPH<13> GLYPH<15> GLYPH<28> GLYPH<19> GLYPH<13> GLYPH<21> GLYPH<1>GLYPH<19> GLYPH<15> GLYPH<6>GLYPH<7> GLYPH<9>GLYPH<25> GLYPH<13> GLYPH<10>GLYPH<19> GLYPH<7> GLYPH<15> GLYPH<1> 

<img src='content_image/262752.jpg'>

(1) Includes hedging gains and losses. 

## Share Trading 

Set out below is share trading activity for Storm for 2014 and 2013. 

<img src='content_image/262753.jpg'>

## GLYPH<1>GLYPH<28>GLYPH<9> GLYPH<19> GLYPH<10>GLYPH<19> GLYPH<28>GLYPH<13> GLYPH<21> GLYPH<1>GLYPH<13> GLYPH<28>GLYPH<28>GLYPH<7> GLYPH<8> GLYPH<15> GLYPH<10>GLYPH<19> GLYPH<15> GLYPH<20> GLYPH<1>GLYPH<14>GLYPH<22>GLYPH<10>GLYPH<19> GLYPH<25> GLYPH<13> GLYPH<10>GLYPH<14>GLYPH<22> GLYPH<1> 

Financial amounts included in this MD&A and in the audited consolidated financial statements for the year ended December 31, 2014 are based on accounting policies, estimates and judgments which reflect information available to management at the time of preparation. Certain amounts in the financial statements are derived from a fully completed transaction cycle, or are validated by events subsequent to the end of the reporting date, or are based on established and effective measurement and control systems. However, certain other amounts, as described below, are based on estimations using information which may involve an element of measurement uncertainty. Variations between amounts estimated and included in the financial statements and actual results subsequently realized could have a material effect on Storm’ s operating results and financial position. 

## Accounting for Acquisitions 

Acquisitions completed in 2014 and in earlier reporting periods necessitated the allocation of fair values to the assets acquired and the liabilities assumed. The determination of fair values was made by management of Storm and involved measurements, estimations and judgments which could differ from similar determinations made by other parties. Further, fair values were set using management’ s knowledge of the assets and liabilities of the acquired assets or companies at the time of acquisition or subsequently, and information and circumstances may emerge that could result in changes to the fair values set by management. The allocation of fair values thus involves measurement uncertainty and changes thereto could have a material effect on operating results and financial position. 

