Exhibit 99.2

EXPENSES

The amount or estimated amount, itemized in reasonable detail, of expenses (other than underwriting discounts and commissions) incurred or borne by or for the account of Québec (the “Issuer”) in connection with the issuance and sale of the 4.625% Global Notes Series RI due June 3, 2036 or properly chargeable thereto, including legal, engineering, certification and other charges.

 

SEC filing fees and expenses		U.S.$	414,300
Printing and engraving fees and expenses			10,000
Legal fees and expenses			50,000
Fiscal Agent and registrar fees and expenses			38,500
Rating fees and expenses			10,000
		U.S.$	522,800