Page 70 - MIC 2014 - English

SUMMARY OF INCENTIVE PLANS

Performance Share Unit Plan. PSUs form 50% of the equity component of target total direct compensation for

executives. A PSU award may pay out based on a vesting level between 0% and 200% of the number of PSUs initially
awarded contingent upon Suncor’s performance relative to a peer group of companies over a three-year period. PSUs

provide for notional dividend re-investment.

The peer group for a PSU award is chosen based on size and business scope criteria approved by the HR&CC. The peer
group for grants beginning in 2010 includes North American energy companies. The PSU peer group is reviewed, adjusted

as appropriate and approved by the HR&CC for each annual grant.

The peer groups and related information for the 2012 and 2013 PSU awards are displayed below.

2012 PSU Award Peer Group
Anadarko Petroleum Corporation Devon Energy Corporation Occidental Petroleum Corporation

Apache Corp.
Encana Corporation
Royal Dutch Shell plc
BP plc
EOG Resources Inc.
Talisman Energy Inc.
Canadian Natural Resources Limited Hess Corporation
Total SA

Cenovus Energy Inc.
Husky Energy Inc.
Chevron Corporation Imperial Oil Ltd.
ConocoPhillips
Marathon Oil Corporation

Market
Revenue(1) Capitalization(2) Assets(1)
(Billions) (Billions) (Billions)
Distribution
($)
($) ($)

11.1
26.8 36.2
25th percentile
.......................................................................................................................................................................................................................................................
Median 13.4 38.7 47.3
.......................................................................................................................................................................................................................................................
75th Percentile 39.0 87.7 110.3

Suncor 29.8 55.3 77.8
.......................................................................................................................................................................................................................................................

Suncor Percentile Ranking 72% 67% 72%

(1) Percentile rank for Revenue and Assets is based on information reported for the nine months ended September 30, 2013. Where applicable, values are
converted to Canadian dollars based on the exchange rate on September 30, 2013.

(2) Percentile rank for Market Capitalization is based on information reported as of December 31, 2013. Where applicable, values are converted to
Canadian dollars based on the exchange rate on December 31, 2013.

2013 PSU Award Peer Group

Anadarko Petroleum Corporation Chevron Corporation Husky Energy Inc.

Apache Corp.
ConocoPhillips
Imperial Oil Ltd.
BP plc
Devon Energy Corporation Marathon Oil Corporation
Canadian Natural Resources Limited EOG Resources Inc.
Occidental Petroleum Corporation

Cenovus Energy Inc.
Hess Corporation
Total SA

68 SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014