Forward-Looking Statements

This report contains forward-looking statements, including statements about future plans for production growth, that are based on our assumptions and that involve risks and uncertainties. Actual results may differ materially. All statements that address expectations or projections about the future, including statements about Suncor's strategy for growth, expected and future expenditures, operating performance (which includes environmental, health, safety and regulatory compliance) and expected impact of future commitments, are forward-looking statements. Some of the forward-looking statements may be identified by words like “expected,” “believe,” “plans,” “milestone,” “targets,” “intended,” “pursue,” “looking,” “objective,” “could,” “would,” “investigate,” “estimates,” “goals,” “aims,” “focus,” “on track,” “opportunity,” “work to,” priorities,” and “strategies.”

The forward-looking statements speak only of the date hereof and Suncor undertakes no duty to update these statements to reflect subsequent changes in assumptions (or the trends or factors underlying them) or actual events or experience. These statements are not guarantees of future performance and Suncor's actual results may differ materially from those expressed or implied by its forward-looking statements. Readers are cautioned not to place undue reliance on them.

The risks, uncertainties and other factors that could influence actual results include but are not limited to: changes in the general economic, market and business conditions; fluctuations in supply and demand for Suncor's products, commodity prices and currency exchange rates; Suncor's ability to respond to changing markets and to receive timely regulatory approvals; the successful and timely implementation of capital projects including growth projects and regulatory projects; the accuracy of cost estimates, some of which are provided at the conceptual or other preliminary stage of projects and prior to commencement or conception of the detailed engineering needed to reduce the margin of error; the cumulative impact of other resource development; the integrity and reliability of Suncor's capital assets; Suncor's ability to comply with current and future environmental laws; the future potential for lawsuits against greenhouse gas emitters, based on links drawn between greenhouse gas emissions and climate change; the accuracy of Suncor's reserve, resource and future production estimates and its success at exploration and development drilling and related activities; the maintenance of satisfactory relationships with unions, employee associations, joint venture partners, suppliers and customers; competitive actions of other companies, including increased competition from other oil and gas companies or from companies that provide alternative sources of energy; the uncertainties resulting from potential delays or changes in plans with respect to projects or capital expenditures; actions by governmental authorities including increasing taxes, changes in environmental and other regulations; the ability and willingness of parties with whom Suncor has material relationships to perform their obligations to Suncor; and the occurrence of unexpected events such fire, blowouts, freeze-ups, equipment failures and other similar events affecting Suncor or other parties whose operations or assets directly or indirectly affect Suncor.

The foregoing important factors are not exhaustive. Many of these risks and other factors are discussed in Suncor's current Annual Report, Annual Information Form/Form 40-F and other documents Suncor files with securities regulatory authorities.