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News Release Dated March 21, 2016, Suncor Energy Completes Acquisition Of Canadian Oil Sands News Release FOR IMMEDIATE RELEASE

The following excerpt is from the company's SEC filing.

Suncor Energy completes acquisition of Canadian Oil Sands

Calgary, Alberta (Mar. 21, 2016)

Suncor and Canadian Oil Sands Limited (

) announced today that Suncors acquisition of COS has been completed following shareholder approval of an amalgamation agreement at a special meeting of COS shareholders this morning. Suncor, through a wholly owned subsidiary, acquired

76,752,122 COS shares (representing approximately 15.8 per cent of the outstanding COS shares)

and now owns

484,614,325 COS shares (representing

100 per cent) of the issued and outstanding COS shares .

Today marks the final step required to complete the COS acquisition, said Steve Williams, Suncor president and chief executive officer. Were looking forward to working cooperatively with Syncrude to steadily improve asset performance, reduce costs and explore synergy opportunities.

COS shareholders whose COS shares were acquired today through the Amalgamation will receive 0.28...