Appointment of the Auditor In the course of undertaking an annual review of the performance of CAPREIT’s external auditor, PricewaterhouseCoopers LLP, Chartered Professional Accountants (“PwC”), the Audit Committee sought and received detailed information from CAPREIT’s senior management covering key factors of audit quality, including: independence, objectivity and professional skepticism; quality of the engagement team; and quality of communications and interactions between PwC and CAPREIT.