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SPROTT ASSET MANAGEMENT LP
> EXFO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | EXFO INC. | EXFO | 0 | -116,800 | 0 | -896,000 | |
| 06/30/2011 | EXFO INC. | EXFO | 116,800 | -64,000 | 896,000 | -1,071,000 | $7.67 |
| 03/31/2011 | EXFO INC. | EXFO | 180,800 | 45,000 | 1,967,000 | 1,002,000 | $10.88 |
| 12/31/2010 | EXFO INC. | EXFO | 135,800 | 24,000 | 965,000 | 321,000 | $7.11 |
| 09/30/2010 | EXFO INC. | EXFO | 111,800 | -35,000 | 644,000 | -114,000 | $5.76 |
| 06/30/2010 | EXFO INC. | EXFO | 146,800 | 20,000 | 758,000 | -35,000 | $5.16 |
| 03/31/2010 | EXFO INC. | EXFO | 126,800 | 126,800 | 793,000 | 793,000 | $6.25 |
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