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Published: 2023-03-15
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Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative. 
FORM 13-501F1
CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – 
PARTICIPATION FEE 
MANAGEMENT CERTIFICATION 
I, ____________________, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. Davinder Singh
March 14, 2023
_________________________________                     _________________________________ Name:                                                                            Date: Title: 
Davinder SinghChief Financial Officer
Reporting Issuer Name: Tucows Inc.
   
End date of previous financial year: December 31, 2021
   
Type of Reporting Issuer: [  ] Class 1 reporting issuer[  ] Class 3B reporting issuer
   
Highest Trading Marketplace: NASDAQ
   
Market value of listed or quoted equity securities:  
  
Equity Symbol    TCX [NASDAQ]; TC [TXS]
   
1st Specified Trading Period (dd/mm/yy) _______________ to ______________
31/03/2201/01/22
   
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace 
$ ______________________ (i)
68.3000
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 
________________________(ii)10,762,581
(i) x (ii) $ ______________________ (A)735,084,282.3
Market value of class or series 
2nd Specified Trading Period (dd/mm/yy) _______________ to ______________ 30/06/2201/04/22
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace 
$ ______________________ (iii)
44.5100
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 
  ______________________ (iv)10,768,747
(iii) x (iv) $ ______________________ (B)479,316,928.97
Market value of class or series 
3rd Specified Trading Period (dd/mm/yy) _______________ to ______________ 30/09/2201/07/22
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace 
$ ______________________ (v)37.4100
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 
  ______________________ (vi)10,790,630
(v) x (vi) $ ______________________ (C)
403,677,468.3
Market value of class or series 
4th Specified Trading Period (dd/mm/yy) _______________ to ______________ 01/10/2231/12/22
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace 
$ ______________________ (vii)33.9200
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 
  ______________________ (viii) 10,817,110
(vii) x (viii) $ ______________________ 366,916,371.2
Market value of class or series (D)
5th Specified Trading Period (dd/mm/yy) _______________ to ______________ 
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace 
$ ______________________ (ix)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 
  ______________________ (x)
(ix) x (x) $ ______________________ (E)
Market value of class or series 
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) 
$ ______________________ (1)496,248,762.69
(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year) 
Fair value of outstanding debt securities: 
(Provide details of how value was determined)  $ ______________________ (2)
   
Capitalization for the previous financial year (1) + (2) $ ______________________ 496,248,762.69
Participation Fee  $ ______________________ 14,000.0000
   
Late Fee, if applicable  $ ______________________ 
   
Total Fee Payable  $ ______________________ 14,000.0000
(Participation Fee plus Late Fee)