Trading History
ARX Year on Year Trading
| TSX Prices (CDN$) | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
| High | 26.25 | 28.67 | 26.04 | 21.89 | 33.95 | 23.86 |
| Low | 18.36 | 19.40 | 18.77 | 11.73 | 15.01 | 18.90 |
| Close | 24.44 | 25.10 | 25.41 | 19.94 | 20.10 | 20.40 |
| Average Daily Volumes (000s) | 1,356 | 1,251 | 1,197 | 1,057 | 975 | 597 |
| TSX Prices (CDN$) | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| High | 30.74 | 27.58 | 17.98 | 14.87 | 13.44 | 13.54 |
| Low | 19.20 | 16.55 | 13.50 | 10.89 | 11.04 | 10.25 |
| Close | 22.30 | 26.49 | 17.90 | 14.74 | 11.90 | 12.10 |
| Average Daily Volumes (000s) | 706 | 656 | 420 | 430 | 305 | 414 |
| TSX Prices (CDN$) | 2000 | 1999 | 1998 | 1997 | 1996 |
| High | 12.15 | 9.25 | 11.40 | 13.00 | 12.85 |
| Low | 8.35 | 6.15 | 6.10 | 10.15 | 9.90 |
| Close | 11.30 | 8.75 | 6.15 | 10.45 | 12.25 |
| Average Daily Volumes (000s) | 151 | 68 | 32 | 55 | 98 |
ARX.A Exchangeable Shares
[ACCORDION]
**The increase in the exchange ratio is calculated by dividing the ARC Energy Trust distribution per unit by the 10 day weighted average trading price of AET.UN and multiplying by the opening exchange ratio.
2010
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 29/01/2010 2.73316 0.10 20.6402 0.01324 15/02/2010 2.74640 26/02/2010 2.74640 0.10 21.8030 0.01260 15/03/2010 2.75900 31/03/2010 2.75900 0.10 21.2969 0.01295 15/04/2010 2.77195 30/04/2010 2.77195 0.10 21.8107 0.01271 17/05/2010 2.78466 31/05/2010 2.78466 0.10 20.1467 0.01382 15/06/2010 2.79848 30/06/2010 2.79848 0.10 21.1588 0.01323 15/07/2010 2.81171 30/07/2010 2.81171 0.10 20.3679 0.01380 16/08/2010 2.82551 31/08/2010 2.82551 0.10 19.3165 0.01463 15/09/2010 2.84014 30/09/2010 2.84014 0.10 20.2962 0.01399 15/10/2010 2.85413 29/10/2010 2.85413 0.10 21.1988 0.01346 15/11/2010 2.86759 30/11/2010 2.86759 0.10 23.6325 0.01213 15/12/2010 2.87972 31/12/2010 2.87972 0.10 24.2067 0.01190 31/12/2010 2.89162 2009
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2009 2.53682 0.12 16.8233 0.01810 16/02/2009 2.55492 27/02/2009 2.55492 0.12 14.1096 0.02173 16/03/2009 2.57665 31/03/2009 2.57665 0.12 14.6800 0.02106 15/04/2009 2.59771 30/04/2009 2.59771 0.12 15.4789 0.02014 15/05/2009 2.61785 29/05/2009 2.61785 0.10 16.5667 0.01580 15/06/2009 2.6365 30/06/2009 2.63365 0.10 17.2779 0.01524 15/07/2009 2.64889 31/07/2009 2.64889 0.10 17.2340 0.01537 17/08/2009 2.66426 31/08/2009 2.66426 0.10 17.5479 0.01518 15/09/2009 2.67944 30/09/2009 2.67944 0.10 19.0758 0.01405 15/10/2009 2.69349 30/10/2009 2.69349 0.10 20.7836 0.01296 16/11/2009 2.70645 30/11/2009 2.70645 0.10 20.6942 0.01308 15/12/2009 2.71953 31/12/2009 2.71953 0.10 19.9573 0.01363 15/01/2010 2.73316 2008
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2008 2.27289 0.15 21.1480 0.021495 15/02/2008 2.29439 29/02/2008 2.29439 0.20 23.7049 0.01936 17/03/2008 2.31375 31/03/2008 2.31375 0.24 25.9728 0.01782 15/04/2008 2.33157 30/04/2008 2.33157 0.24 26.8467 0.01737 15/05/2008 2.34894 31/05/2008 2.34894 0.28 30.2471 0.01864 16//06/2008 2.36758 30/06/2008 2.36758 0.28 31.4796 0.01805 15/07/2008 2.38563 31/07/2008 2.38563 0.24 30.1416 0.02216 15/08/2008 2.40779 31/08/2008 2.40779 0.24 29.4551 0.02289 15/09/2008 2.43068 30/09/2008 2.43068 0.20 24.0848 0.02422 15/10/2008 2.45490 31/10/2008 2.45490 0.20 16.6359 0.03542 17/11/2008 2.49032 30/11/2008 2.49032 0.20 18.8914 0.02636 15/12/2008 2.51668 31/12/2008 2.51668 0.20 18.7416 0.02014 15/01.2009 2.53682 2007
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2007 2.03013 0.20 21.6414 0.01876 15/02/2007 2.04889 28/02/2007 2.04889 0.20 21.8628 0.01874 15/03/2007 2.06763 31/03/2007 2.06763 0.20 21.4752 0.01926 16/04/2007 2.08689 30/04/2007 2.08689 0.20 21.8214 0.01913 15/05/2007 2.10602 31/05/2007 2.10602 0.20 23.1662 0.01818 15/06/2007 2.12420 30/06/2007 2.12420 0.20 22.4112 0.01896 16/07/2007 2.14316 31/07/2007 2.14316 0.20 21.7903 0.01967 15/08/2007 2.16283 31/08/007 2.16283 0.20 19.9767 0.02165 17/09/2007 2.18448 30/09/2007 2.18448 0.20 20.7380 0.02107 15/10/2007 2.20555 31/10/2007 2.20555 0.20 21.0600 0.02095 15/11/2007 2.22650 30/11/2007 2.22650 0.20 19.1435 0.02326 17/12/2007 2.24976 31/12/2007 2.24976 0.20 19.4544 0.02313 15/01/2008 2.27289 2006
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2006 1.85382 0.20 26.6057 0.01394 15/02/2006 1.86776 28/02/2006 1.86776 0.20 26.5028 0.01409 15/03/2006 1.88185 31/03/2006 1.88185 0.20 26.7598 0.01406 17/04/2006 1.89591 30/04/2006 1.89591 0.20 27.2304 0.01392 15/05/2006 1.90983 31/05/2006 1.90983 0.20 27.3961 0.01394 15/06/2006 1.92377 30/06/2006 1.92377 0.20 26.5335 0.01450 17/07/2006 1.93827 31/07/2006 1.93827 0.20 28.3176 0.01369 15/08/2006 1.95196 21/08/2006 1.95196 0.20 29.8957 0.01306 15/09/2006 1.96502 30/09/2006 1.96502 0.20 29.1962 0.01500 16/10/2006 1.98002 31/10/2006 1.98002 0.20 28.2102 0.01404 15/11/2006 1.99406 30/11/2006 1.99406 0.20 21.6207 0.01845 15/12/2006 2.01251 31/12/2006 2.01251 0.20 22.8430 0.01762 15/01/2007 2.03013 2005
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2005 1.68606 0.15 19.0697 0.01326 15/02/2005 1.69932 28/02/2005 1.69932 0.15 19.1253 0.01333 15/03/2005 1.71265 31/03/2005 1.71265 0.15 17.9336 0.01432 15/04/2005 1.72697 30/04/2005 1.76297 0.15 17.5257 0.01478 16/05/2005 1.74175 31/05/2005 1.74175 0.15 18.4061 0.01419 15/06/2005 1.75594 30/06/2005 1.75594 0.15 19.8477 0.01327 15/07/2005 1.76921 31/07/2005 1.76921 0.15 21.7221 0.01222 15/08/2005 1.78143 31/08/2005 1.78143 0.17 21.7902 0.01390 15/09/2005 1.79533 30/09/2005 1.79533 0.17 22.9526 0.01330 17/10/2005 1.80863 31/10/2005 1.80863 0.20 21.7266 0.01665 15/11/2005 1.82528 30/11/2005 1.82528 0.20 24.8707 0.01468 15/12/2005 1.83996 31/12/2005 1.83996 0.20 26.5567 0.01386 16/01/2006 1.85382 2004
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2004 1.50565 0.15 14.7200 0.01534 16/02/2004 1.52099 29/02/2004 1.52099 0.15 15.0203 0.01519 15/03/2004 1.53618 31/03/2004 1.53618 0.15 15.5092 0.01486 15/04/2004 1.55104 30/04/2004 1.55104 0.15 15.2030 0.01530 17/05/2004 1.56634 31/05/2004 1.56634 0.15 15.0127 0.01565 15/06/2004 1.58199 30/06/2004 1.58199 0.15 15.0005 0.01582 15/07/2004 1.59781 31/07/2004 1.59781 0.15 15.8894 0.01508 16/08/2004 1.61289 31/08/2004 1.61289 0.15 15.8229 0.01529 15/09/2004 1.62818 30/09/2004 1.62818 0.15 16.8533 0.01449 15/10/2004 1.64267 31/10/2004 1.64267 0.15 16.7862 0.01468 15/11/2004 1.65735 30/11/2004 1.65735 0.15 17.1654 0.01448 15/12/2004 1.67183 31/12/2004 1.67183 0.15 17.6229 0.01423 17/01/2005 1.68606 2003
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2003 1.32433 0.15 12.1899 0.01231 17/02/2003 1.33664 28/02/2003 1.33664 0.15 11.6256 0.01290 17/03/2003 1.34954 31/03/2003 1.34954 0.15 11.3057 0.01327 15/04/2003 1.36281 30/04/2003 1.36281 0.15 11.7540 0.01276 15/05/2003 1.37557 31/05/2003 1.37577 0.15 12.1549 0.01698 16/06/2003 1.39255 30/06/2003 1.39255 0.15 12.6313 0.01654 15/07/2003 1.40909 31/07/2003 1.40909 0.15 12.7184 0.01662 15/08/2003 1.42571 31/08/2003 1.42571 0.15 13.5630 0.01577 15/09/2003 1.44148 30/09/2003 1.44148 0.15 13.2979 0.01626 15/10/2003 1.45774 31/10/2003 1.45774 0.15 13.7274 0.01593 17/11/2003 1.47367 30/11/2003 1.47367 0.15 13.4328 0.01646 15/12/2003 1.49013 31/12/2003 1.49013 0.15 14.4024 0.01552 15/01/2004 1.50565 2002
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2002 1.19699 0.13 11.9889 0.01084 15/02/2002 1.20783 28/02/2002 1.20783 0.13 11.7938 0.01102 15/03/2002 1.21885 31/03/2002 1.21885 0.13 12.9656 0.01003 15/04/2002 1.22888 30/04/2002 1.22888 0.13 12.6352 0.01029 15/05/2002 1.23917 31/05/2002 1.23917 0.13 12.2072 0.01065 15/06/2002 1.24982 30/06/2002 1.24982 0.13 12.5538 0.01036 15/07/2002 1.26018 31/07/2002 1.26018 0.13 12.2235 0.01064 15/08/2002 1.27082 31/08/2002 1.27082 0.13 12.7015 0.01024 15/09/2002 1.28106 30/09/2002 1.28106 0.13 12.6859 0.01025 15/10/2002 1.29131 31/10/2002 1.29131 0.13 12.2978 0.01057 15/11/2002 1.30188 30/11/2002 1.30188 0.13 11.1855 0.01162 16/12/2002 1.31350 31/12/2002 1.31350 0.13 12.0041 0.01083 15/01/2003 1.32433 2001
Record Date Distribution Opening Exchange Ratio Trust Unit Distribution (CDN$) 10 Day Weighted Average Price (CDN$) Increase in Exchange Ratio** Effective Date of Increase in Exchange Ratio Exchange Ratio as of Effective Date 31/01/2001 1.00000 0.20 12.9656 0.01764 15/02/2001 1.01764 28/02/2001 1.01764 0.20 11.5610 0.01730 15/03/2001 1.03494 31/03/2001 1.03494 0.20 11.4637 0.01745 15/04/2001 1.05239 30/04/2001 1.05239 0.22 12.2839 0.01791 15/05/2001 1.07030 31/05/2001 1.07030 0.22 13.2443 0.01661 15/06/2001 1.08691 30/06/2001 1.08691 0.22 11.7841 0.01867 15/07/2001 1.10558 31/07/2001 1.10558 0.20 11.4331 0.01749 15/08/2001 1.12307 31/08/2001 1.12307 0.20 12.3580 0.01618 15/09/2001 1.13925 30/09/2001 1.13925 0.20 11.1457 0.01794 15/10/2001 1.15719 31/10/2001 1.15719 0.15 11.1594 0.01344 15/11/2001 1.17063 30/11/2001 1.17063 0.15 11.0412 0.01102 15/12/2001 1.18422 31/12/2001 1.18422 0.15 11.7491 0.01084 15/01/2002 1.19699

