Company: MDCXW
Filing Date: 2025-04-25
Form Type: DRS
Source: 0001062993-25-007956
Chunk: 6

Company: Medicus Pharma Ltd.
Filing Date: 2025-04-25
Form: DRS
Chunk 6
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us belongs to its holder. Solely for convenience, trademarks, trade names, service marks and copyrights referred to in this prospectus may appear with or without the "©", "®" or "™" symbols, but the inclusion, or not, of such references are not intended to indicate, in any way, that we, or the applicable owner, will not assert, to the fullest extent possible under applicable law, our or their, as applicable, rights to these trademarks, trade names service marks or copyrights. We do not intend our use or display of other companies' trademarks, trade names, service marks or copyrights to imply a relationship with, or endorsement or sponsorship of us by, such other companies.

<div align='center'>PRESENTATION OF FINANCIAL INFORMATION</div>

Unless otherwise indicated, the consolidated financial statements and related notes included in this prospectus have been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Our functional currency is U.S. dollars.

<div align='center'>ii</div>

| CONFIDENTIAL TREATMENT REQUESTED BY MEDICUS PHARMA LTD. 
 PURSUANT TO 17 C.F.R. SECTION 200.83                    |

<div align='center'>EXCHANGE RATE INFORMATION</div>

In this prospectus, all dollar amounts referenced, unless otherwise indicated, are expressed in U.S. dollars and are referred to as "$". Canadian dollars are referred to as "C$". The following table sets out, for the periods indicated, the high, low, and period end indicative rates of exchange for $1.00 expressed in Canadian dollars as published by the Bank of Canada:

|                             |        Year ended 
 December 31, 2024 
              (C$) |        Year ended 
 December 31, 2023 
              (C$) |
|:----------------------------|------------------:|------------------:|
| As at end of period         |            1.4389 |            1.3226 |
| Low for the period          |            1.3316 |            1.3128 |
| High for the period         |            1.4416 |            1.3875 |
| Average rate for the period |            1.3698 |            1.3497 |

On April 23, 2025, the daily average exchange rate for Canadian dollars in terms of the U.S. dollar, as quoted by the Bank of Canada, was $1.00 =