Special Note Regarding Forward-Looking Statements and Non-IFRS Measures  Alaris’ public communications often include written or oral statements which contain forward-looking information. Statements of this  type are included in this annual report and may be included in our other filings with Canadian securities regulators  or in our other  communications. Many of these statements can be identified by looking for words such as “believe”  “expects”  “will”  “intends”  “projects”   “anticipates”  “estimates”  “continues”  or similar words  or the negative of such words. All such statements are made pursuant to the  applicable provisions of  and are intended to be forward-looking statements under applicable Canadian securities legislation. Statements  containing forward-looking information include  but are not limited to  comments with respect to our objectives and priorities for 2012  and beyond  our growth strategies or future actions  the future actions and expected funding requirements of our Private Company  Partners (as described herein) and the results of or outlook for our operations and those of our Private Company Partners  or for the  Canadian and U.S. economies. By their nature  forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. Assumptions about the performance of the Canadian and U.S. economies in 2012 and how that will affect our business and our ability to  identify and close new opportunities with new Private Company Partners are material factors we considered when setting our strategic  priorities and objectives  and our outlook for our business. Key assumptions include  but are not limited to  assumptions that the  Canadian and U.S. economies will continue to grow moderately in 2012; that interest rates will remain low; that our Private Company  Partners will continue to make distributions to Alaris as and when required; that the businesses of our Private Company Partners will  continue to grow; that Alaris will experience positive resets to our annual royalties and distributions from our Private Company Partners in  2012; that tax rates and tax laws will not change significantly in Canada  the U.S. or the Netherlands; that more private companies will  require access to alternative sources of capital; and that we will have the ability to raise required equity and/or debt financing on acceptable  terms. We have also assumed that capital markets will continue to improve and that the Canadian dollar will strengthen modestly relative  to the U.S. dollar. In determining our expectations for economic growth  we primarily consider historical economic data provided by the  Canadian and U.S. governments and their agencies. There is a significant risk that our predictions  forecasts  conclusions or projections will not prove to be accurate  that our assumptions  may not be correct and that actual results may differ materially from such predictions  forecasts  conclusions or projections. Although  we believe that the expectations and assumptions reflected in our forward-looking statements are reasonable  we caution readers of this  Annual Report not to place undue reliance on our forward-looking statements as a number of factors could cause actual future results   conditions  actions or events to differ materially from the targets  expectations  estimates or intentions expressed in the forward-looking  statements.  The future outcomes that relate to forward-looking statements may be influenced by many factors  including but not limited to those  factors listed under the heading “ Risks & Uncertainty ” in our Management Discussion and Analysis herein. We caution that this list of risk  factors is not exhaustive. Other factors could adversely affect our results. When relying on forward-looking statements to make decisions  with respect to Alaris  investors and others should carefully consider these factors  as well as other uncertainties and potential events  and  the inherent uncertainty of forward-looking statements. Alaris does not undertake to update any forward-looking statements  whether  written or oral  that may be made  from time to time  by the organization or on its behalf  except as required by law. The forward-looking  statements contained in this document are presented for the purpose of assisting our investors in understanding our operations  prospects   risks and other external factors that impact us specifically as at and for the periods ended on the dates presented  and may not be  appropriate for other purposes.  The terms “EBITDA” and “distributable cash” (the “Non-IFRS Measures”) are financial measures used in this Annual Report that are  not standard measures under International Financial Reporting Standards (“IFRS”). Alaris’ method of calculating the Non-IFRS  Measures may differ from the methods used by other issuers. Therefore  the Alaris’ Non-IFRS Measures may not be comparable to  similar measures presented by other issuers.  EBITDA refers to net earnings (loss) determined in accordance with IFRS  before depreciation and amortization  net of gain or loss on  disposal of capital assets  interest expense and income tax expense. EBITDA is used by Management and many investors to determine  the ability of an issuer to generate cash from operations. Management believes EBITDA is a useful supplemental measure from which  to determine our ability to generate cash available for debt service  working capital  capital expenditures  income taxes and dividends.  Distributable Cash means Alaris’ net income prepared in accordance with IFRS excluding non-cash items that include stock-based  compensation expense  future income taxes  and depreciation and amortization.  Non-IFRS Measures 