Company Profile For Canadian Oil Sands Trust

Canadian Oil Sands Trust (the Trust) is an open-ended investment trust. Through its subsidiary, Canadian Oil Sands Limited (COSL), the Trust indirectly owns a 36.74% working interest in the Syncrude Joint Venture (Syncrude). Syncrude operates oil sands mines, utilities plants, bitumen extraction plants and an upgrading complex that processes bitumen into a low-sulphur, light synthetic crude oil (SCO). The bitumen is open-pit mined from oil sands leases located in the Athabasca oil sands deposit. Syncrude is operated by Syncrude Canada Ltd. (Syncrude Canada). Syncrude’s annual production during the year ended December 31, 2008, totaled 105.8 million barrels, or 289,000 barrels per day. Production net to the Trust, in 2008, totaled 38.9 million barrels. The Trust markets its own share of Syncrude production, which is transported by various pipelines to refineries throughout Canada and the United States.

BRIEF: For the nine months ended 30 September 2009, Canadian Oil Sands Trust's revenues decreased 50% to C$1.89B. Net income decreased 76% to C$336M. Revenues reflect a decrease in income from sales. Net income also reflects an increase in non-production expenses, higher interest expenses, a decrease in interest income & other and an increase in insurance expense. Canadian Oil Sands Trust is an open-ended investment trust.