2011. In this annual information form - Encana

The Company has a shareholder rights plan (the “Plan”) that was adopted to ensure, to the extent possible, that
all shareholders of the Company are treated fairly in connection with any take-over bid for the Company. The Plan
creates a right that attaches to each present and subsequently issued common share. Until the separation time,
which typically occurs at the time of an unsolicited take-over bid, whereby a person acquires or attempts to
acquire 20 percent or more of Encana’s common shares, the rights are not separable from the common shares,
are not exercisable and no separate rights certificates are issued. Each right entitles the holder, other than the 20
percent acquirer, from and after the separation time and before certain expiration times, to acquire one common
share at 50 percent of the market price at the time of exercise. The Plan was amended and reconfirmed at the
2010 annual and special meeting of shareholders and must be reconfirmed at every third annual meeting
thereafter.
Preferred Shares
Preferred shares may be issued in one or more series. The Board of Directors may determine the designation,
rights, privileges, restrictions and conditions attached to each series of preferred shares before the issue of such
series. Holders of the preferred shares are not entitled to vote at any meeting of the shareholders of the
Company, but may be entitled to vote if the Company fails to pay dividends on that series of preferred shares.
The first preferred shares are entitled to priority over the second preferred shares and the common shares of the
Company, and the second preferred shares are entitled to priority over the common shares of the Company, with
respect to the payment of dividends and the distribution of assets of the Company in the event of any liquidation,
dissolution or winding up of the Company’s affairs.
Encana Corporation
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Annual Information Form (prepared in US$)