|                                                    |
|----------------------------------------------------|
|                                                    |  |
|                                                    |  |
| Scott SaxbergPresident and Chief Executive Officer | Ken LamontChief Financial Officer |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 1 |

----

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 2 |

----

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 3 |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
| As at December 31                          |   |   |
| (Cdn$ millions)                            | Notes | 2016 |  |   | 2015 |  |   |
| ASSETS                                     |   |   |   |   |   |
| Cash                                       |   | 13.4 |  |   | 24.7 |  |   |
| Accounts receivable                        |   | 335.7 |  |   | 327.0 |  |   |
| Prepaids and deposits                      |   | 5.3 |  |   | 5.1 |  |   |
| Derivative asset                           | 23 | 49.1 |  |   | 490.5 |  |   |
| Total current assets                       |   | 403.5 |  |   | 847.3 |  |   |
| Long-term investments                      | 5 | 35.8 |  |   | 30.3 |  |   |
| Derivative asset                           | 23 | 340.3 |  |   | 540.1 |  |   |
| Other long-term assets                     | 6 | 36.7 |  |   | 63.5 |  |   |
| Exploration and evaluation                 | 7, 8 | 498.1 |  |   | 540.7 |  |   |
| Property, plant and equipment              | 8, 9 | 14,174.9 |  |   | 14,953.7 |  |   |
| Goodwill                                   | 10 | 251.9 |  |   | 251.9 |  |   |
| Deferred income tax                        | 20 | 422.4 |  |   | 388.5 |  |   |
| Total assets                               |   | 16,163.6 |  |   | 17,616.0 |  |   |
| LIABILITIES                                |   |   |   |   |   |
| Accounts payable and accrued liabilities   |   | 647.2 |  |   | 679.4 |  |   |
| Dividends payable                          |   | 16.3 |  |   | 50.5 |  |   |
| Current portion of long-term debt          | 11 | 90.6 |  |   | 72.0 |  |   |
| Derivative liability                       | 23 | 64.7 |  |   | 1.8 |  |   |
| Decommissioning liability                  | 13 | 23.7 |  |   | 32.4 |  |   |
| Total current liabilities                  |   | 842.5 |  |   | 836.1 |  |   |
| Long-term debt                             | 11 | 3,730.1 |  |   | 4,380.0 |  |   |
| Derivative liability                       | 23 | 3.0 |  |   | 0.3 |  |   |
| Other long-term liabilities                | 12, 21 | 54.6 |  |   | 56.3 |  |   |
| Decommissioning liability                  | 13 | 1,290.7 |  |   | 1,223.0 |  |   |
| Deferred income tax                        | 20 | 651.5 |  |   | 995.3 |  |   |
| Total liabilities                          |   | 6,572.4 |  |   | 7,491.0 |  |   |
| SHAREHOLDERS’ EQUITY                 |   |   |   |   |   |
| Shareholders’ capital                | 14 | 16,400.2 |  |   | 15,693.2 |  |   |
| Contributed surplus                        |   | 110.6 |  |   | 99.3 |  |   |
| Deficit                                    | 15 | (7,432.1 | ) |   | (6,239.3 | ) |   |
| Accumulated other comprehensive income     |   | 512.5 |  |   | 571.8 |  |   |
| Total shareholders' equity                 |   | 9,591.2 |  |   | 10,125.0 |  |   |
| Total liabilities and shareholders' equity |   | 16,163.6 |  |   | 17,616.0 |  |   |

|                            |
|----------------------------|
|                            |  |
|                            |  |
| Gerald A. RomanzinDirector | D. Hugh GillardDirector |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 4 |

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |
| For the years ended December 31                               |   |   |   |
| (Cdn$ millions, except per share amounts)                     | Notes | 2016 |  |   | 2015 |  |   |
| REVENUE AND OTHER INCOME                                      |   |   |   |   |   |
| Oil and gas sales                                             |   | 2,548.5 |  |   | 2,800.2 |  |   |
| Royalties                                                     |   | (363.9 | ) |   | (435.9 | ) |   |
| Oil and gas revenue                                           |   | 2,184.6 |  |   | 2,364.3 |  |   |
| Derivative gains (losses)                                     | 17, 23 | (238.1 | ) |   | 870.7 |  |   |
| Other income (loss)                                           | 18 | (6.6 | ) |   | 7.9 |  |   |
|                                                          |   | 1,939.9 |  |   | 3,242.9 |  |   |
| EXPENSES                                                      |   |   |   |   |   |
| Operating                                                     |   | 691.9 |  |   | 706.5 |  |   |
| Transportation                                                |   | 130.0 |  |   | 138.4 |  |   |
| General and administrative                                    |   | 100.9 |  |   | 111.7 |  |   |
| Interest on long-term debt                                    |   | 158.2 |  |   | 146.0 |  |   |
| Foreign exchange (gain) loss                                  | 19 | (131.3 | ) |   | 362.5 |  |   |
| Share-based compensation                                      | 21 | 57.7 |  |   | 58.6 |  |   |
| Depletion, depreciation, amortization and impairment          | 7, 9 | 2,220.1 |  |   | 3,138.3 |  |   |
| Accretion                                                     | 12, 13 | 26.2 |  |   | 25.2 |  |   |
|                                                          |   | 3,253.7 |  |   | 4,687.2 |  |   |
| Net income (loss) before tax                                  |   | (1,313.8 | ) |   | (1,444.3 | ) |   |
|                                                               |  |  |  |  |  |
| Tax expense (recovery)                                        |   |   |   |   |   |
| Current                                                       | 20 | 0.2 |  |   | (1.9 | ) |   |
| Deferred                                                      | 20 | (381.3 | ) |   | (572.2 | ) |   |
| Net income (loss)                                             |   | (932.7 | ) |   | (870.2 | ) |   |
|                                                               |  |  |  |  |  |
| Other comprehensive income (loss)                             |   |   |   |   |   |
| Items that may be subsequently reclassified to profit or loss |   |   |   |   |
| Foreign currency translation of foreign operations            |   | (59.3 | ) |   | 329.4 |  |   |
| Comprehensive income (loss)                                   |   | (992.0 | ) |   | (540.8 | ) |   |
|                                                               |  |  |  |  |  |
| Net income (loss) per share                                   | 22 |   |   |   |   |
| Basic                                                         |   | (1.81 | ) |   | (1.82 | ) |   |
| Diluted                                                       |   | (1.81 | ) |   | (1.82 | ) |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 5 |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  (Cdn$ millions, except per share amounts)  | Notes | Shareholders’ capital |  |   | Contributed surplus |  |   | Deficit |  |   | Accumulated other comprehensive income |  |   | Total shareholders’  equity |  |   |
| December 31, 2015                                |   | 15,693.2 |  |   | 99.3 |  |   | (6,239.3 | ) |   | 571.8 |  |   | 10,125.0 |  |   |
| Issued for cash                                  | 14 | 650.4 |  |   |   |   |   |   |   |   | 650.4 |  |   |
| Issued on capital acquisitions                   | 14 | 17.7 |  |   |   |   |   |   |   |   | 17.7 |  |   |
| Redemption of restricted shares                  | 14 | 58.3 |  |   | (59.5 | ) |   | 0.2 |  |   |  |  |   | (1.0 | ) |   |
| Share issue costs, net of tax                    |   | (19.4 | ) |   |  |  |   |  |  |   |  |  |   | (19.4 | ) |   |
| Share-based compensation                         | 21 |  |  |   | 75.4 |  |   |  |  |   |  |  |   | 75.4 |  |   |
| Forfeit of restricted shares                     | 21 |  |  |   | (4.6 | ) |   |  |  |   |  |  |   | (4.6 | ) |   |
| Net income (loss)                                |   |  |  |   |  |  |   | (932.7 | ) |   |  |  |   | (932.7 | ) |   |
| Dividends ($0.50 per share)                      |   |  |  |   |  |  |   | (260.3 | ) |   |  |  |   | (260.3 | ) |   |
| Foreign currency translation adjustment          |   |  |  |   |  |  |   |  |  |   | (59.3 | ) |   | (59.3 | ) |   |
| December 31, 2016                                |   | 16,400.2 |  |   | 110.6 |  |   | (7,432.1 | ) |   | 512.5 |  |   | 9,591.2 |  |   |
|                                                  |  |  |  |  |  |  |  |  |  |  |  |
| December 31, 2014                           |   | 14,157.6 |  |   | 118.0 |  |   | (4,357.1 | ) |   | 242.4 |  |   | 10,160.9 |  |   |
| Issued for cash                                  |   | 660.1 |  |   |  |  |   |  |  |   |  |  |   | 660.1 |  |   |
| Issued on capital acquisitions                   |   | 541.9 |  |   |  |  |   |  |  |   |  |  |   | 541.9 |  |   |
| Issued pursuant to the DRIP (1) and SDP (2) |   | 261.7 |  |   |  |  |   | 8.4 |  |   |  |  |   | 270.1 |  |   |
| Redemption of restricted shares                  |   | 92.5 |  |   | (94.0 | ) |   |   |   |  |  |   | (1.5 | ) |   |
| Share issue costs, net of tax                    |   | (20.6 | ) |   |  |  |   |  |  |   |  |  |   | (20.6 | ) |   |
| Share-based compensation                         |   |  |  |   | 77.4 |  |   |  |  |   |  |  |   | 77.4 |  |   |
| Forfeit of restricted shares                     |   |  |  |   | (2.1 | ) |   |  |  |   |  |  |   | (2.1 | ) |   |
| Net income (loss)                                |   |  |  |   |  |  |   | (870.2 | ) |   |  |  |   | (870.2 | ) |   |
| Dividends ($2.11 per share)                      |   |  |  |   |  |  |   | (1,020.4 | ) |   |  |  |   | (1,020.4 | ) |   |
| Foreign currency translation adjustment          |   |  |  |   |  |  |   |  |  |   | 329.4 |  |   | 329.4 |  |   |
| December 31, 2015                                |   | 15,693.2 |  |   | 99.3 |  |   | (6,239.3 | ) |   | 571.8 |  |   | 10,125.0 |  |   |

|     |                                                     |
|-----|-----------------------------------------------------|
| (1) | Premium Dividend TM and Dividend Reinvestment Plan. |

|     |                      |
|-----|----------------------|
| (2) | Share Dividend Plan. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 6 |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |
| For the years ended December 31                        |   |   |   |
| (Cdn$ millions)                                        | Notes | 2016 |  |   | 2015 |  |   |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES        |   |   |   |   |   |
| Net income (loss)                                      |   | (932.7 | ) |   | (870.2 | ) |   |
| Items not affecting cash                               |   |   |   |   |   |
| Other (income) loss                                    | 18 | 6.6 |  |   | (5.8 | ) |   |
| Deferred tax recovery                                  | 20 | (381.3 | ) |   | (572.2 | ) |   |
| Share-based compensation                               | 21 | 57.7 |  |   | 58.6 |  |   |
| Depletion, depreciation, amortization and impairment   | 7, 9 | 2,220.1 |  |   | 3,138.3 |  |   |
| Accretion                                              | 12, 13 | 26.2 |  |   | 25.2 |  |   |
| Unrealized (gains) losses on derivatives               | 17, 23 | 706.8 |  |   | (228.1 | ) |   |
| Translation of US dollar long-term debt                | 19 | (79.4 | ) |   | 384.7 |  |   |
| Other                                                  | 27 | (5.2 | ) |   | 7.6 |  |   |
| Realized gain on cross currency swap maturity          | 19 | (48.6 | ) |   | (14.3 | ) |   |
| Decommissioning expenditures                           |   | (16.0 | ) |   | (15.8 | ) |   |
| Change in non-cash working capital                     | 27 | (29.9 | ) |   | 48.9 |  |   |
|                                                   |   | 1,524.3 |  |   | 1,956.9 |  |   |
| INVESTING ACTIVITIES                                   |   |   |   |   |   |
| Development capital and other expenditures             |   | (1,173.4 | ) |   | (1,605.2 | ) |   |
| Capital acquisitions, net                              | 8 | (222.3 | ) |   | (23.1 | ) |   |
| Reclamation fund                                       | 6 | 26.8 |  |   | (2.6 | ) |   |
| Investments                                            | 5 | - |  |   | 2.0 |  |   |
| Change in non-cash working capital                     | 27 | 8.5 |  |   | (164.6 | ) |   |
|                                                   |   | (1,360.4 | ) |   | (1,793.5 | ) |   |
| FINANCING ACTIVITIES                                   |   |   |   |   |   |
| Issue of shares, net of issue costs                    |   | 622.8 |  |   | 630.7 |  |   |
| Increase (decrease) in bank debt, net                  |   | (485.8 | ) |   | 729.6 |  |   |
| Issuance of senior guaranteed notes                    |   | - |  |   | 381.4 |  |   |
| Repayment of acquired debt and senior guaranteed notes |   | (66.7 | ) |   | (1,100.6 | ) |   |
| Realized gain on cross currency swap maturity          | 19 | 48.6 |  |   | 14.3 |  |   |
| Cash dividends                                         |   | (260.3 | ) |   | (750.3 | ) |   |
| Change in non-cash working capital                     | 27 | (34.2 | ) |   | (52.2 | ) |   |
|                                                   |   | (175.6 | ) |   | (147.1 | ) |   |
| Impact of foreign currency on cash balances            |   | 0.4 |  |   | 4.4 |  |   |
| INCREASE (DECREASE) IN CASH                            |   | (11.3 | ) |   | 20.7 |  |   |
| CASH AT BEGINNING OF YEAR                              |   | 24.7 |  |   | 4.0 |  |   |
| CASH AT END OF YEAR                                    |   | 13.4 |  |   | 24.7 |  |   |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |
| Cash taxes paid    | (0.4 | ) |   | (0.1 | ) |   |
| Cash interest paid | (158.0 | ) |   | (140.6 | ) |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 7 |

----

|    |                           |
|----|---------------------------|
| 1. | STRUCTURE OF THE BUSINESS |

|    |                      |
|----|----------------------|
| 2. | BASIS OF PREPARATION |

|    |             |
|----|-------------|
| a) | Preparation |

|    |                                                            |
|----|------------------------------------------------------------|
| b) | Basis of measurement, functional and presentation currency |

|    |                                |
|----|--------------------------------|
| c) | Use of estimates and judgments |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 8 |

----

|    |                                 |
|----|---------------------------------|
| 3. | SIGNIFICANT ACCOUNTING POLICIES |

|    |                             |
|----|-----------------------------|
| a) | Principles of Consolidation |

|    |                               |
|----|-------------------------------|
| b) | Property, Plant and Equipment |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 9 |

----

|    |                            |
|----|----------------------------|
| c) | Exploration and Evaluation |

|    |                           |
|----|---------------------------|
| d) | Decommissioning Liability |

|    |                  |
|----|------------------|
| e) | Reclamation Fund |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 10 |

----

|    |          |
|----|----------|
| f) | Goodwill |

|    |                          |
|----|--------------------------|
| g) | Share-based Compensation |

|    |              |
|----|--------------|
| h) | Income Taxes |

|    |                       |
|----|-----------------------|
| i) | Financial Instruments |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 11 |

----

|    |                       |
|----|-----------------------|
| j) | Business Combinations |

|    |                              |
|----|------------------------------|
| k) | Foreign Currency Translation |

|    |                     |
|----|---------------------|
| l) | Revenue Recognition |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 12 |

----

|    |                           |
|----|---------------------------|
| m) | Cash and Cash Equivalents |

|    |        |
|----|--------|
| n) | Leases |

|    |                    |
|----|--------------------|
| o) | Earnings Per Share |

|    |                                |
|----|--------------------------------|
| 4. | CHANGES IN ACCOUNTING POLICIES |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | IFRS 15 Revenue from Contracts with Customers - IFRS 15 was issued in May 2014 and replaces IAS 18 Revenue, IAS 11 Construction Contracts and related interpretations. The standard is required to be adopted either retrospectively or using a modified transaction approach. In September 2015, the IASB amended IFRS 15, deferring the effective date of the standard by one year to annual periods beginning on or after January 1, 2018 with early adoption still permitted. IFRS 15 will be adopted by the Company on January 1, 2018. The Company is currently reviewing the terms of its sales contracts with customers to determine the impact, if any, that the standard will have on the consolidated financial statements. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | IFRS 9 Financial Instruments - IFRS 9 was amended in July 2014 to include guidance to assess and recognize impairment losses on financial assets based on an expected loss model. The amendments are effective for fiscal years beginning on or after January 1, 2018 with earlier adoption permitted. This amendment will be adopted by the Company on January 1, 2018 and the Company is currently evaluating the impact of the amendment on the consolidated financial statements and does not expect the amendment to have a material impact on the valuation of its financial assets. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | IFRS 16 Leases - IFRS 16 was issued January 2016 and replaces IAS 17 Leases. The standard introduces a single lessee accounting model for leases with required recognition of assets and liabilities for most leases. The standard is effective for fiscal years beginning on or after January 1, 2019 with early adoption permitted if the Company is also applying IFRS 15 Revenue from Contracts with Customers. IFRS 16 will be adopted by the Company on January 1, 2019 and the Company is currently reviewing contracts that are currently identified as leases and evaluating the impact of the standard on the consolidated financial statements. |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |
| ($ millions)                                        | 2016 |  |   | 2015 |  |   |
| Investments in public companies, beginning of year  | 22.8 |  |   | 21.0 |  |   |
| Acquired through capital acquisitions               | - |  |   | 2.6 |  |   |
| Dispositions                                        | - |  |   | (1.3 | ) |   |
| Unrealized gain recognized in other income (loss)   | 5.5 |  |   | 0.5 |  |   |
| Investments in public companies, end of year        | 28.3 |  |   | 22.8 |  |   |
|                                                     |  |  |  |  |
| Investments in private companies, beginning of year | 7.5 |  |   | 28.9 |  |   |
| Derecognized through capital acquisitions           | - |  |   | (7.0 | ) |   |
| Unrealized loss recognized in other income (loss)   | - |  |   | (14.4 | ) |   |
| Investment in private company, end of year          | 7.5 |  |   | 7.5 |  |   |
|                                                     |  |  |  |  |
| Long-term investments, end of year                  | 35.8 |  |   | 30.3 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 13 |

----

|    |                  |
|----|------------------|
| a) | Public Companies |

|    |                 |
|----|-----------------|
| b) | Private Company |

|    |                        |
|----|------------------------|
| 6. | OTHER LONG-TERM ASSETS |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |
| ($ millions)           | 2016 |  |   | 2015 |  |   |
| Reclamation fund       | 22.7 |  |   | 49.5 |  |   |
| Other receivables      | 14.0 |  |   | 14.0 |  |   |
| Other long-term assets | 36.7 |  |   | 63.5 |  |   |

|    |                  |
|----|------------------|
| a) | Reclamation fund |

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |
| ($ millions)                          | 2016 |  |   |  2015 |  |   |
| Balance, beginning of year            | 49.5 |  |   | 47.8 |  |   |
| Contributions                         | - |  |   | 27.5 |  |   |
| Acquired through capital acquisitions | - |  |   | 1.3 |  |   |
| Expenditures                          | (26.8 | ) |   | (27.1 | ) |   |
| Balance, end of year                  | 22.7 |  |   | 49.5 |  |   |

|    |                   |
|----|-------------------|
| b) | Other receivables |

|    |                                   |
|----|-----------------------------------|
| 7. | EXPLORATION AND EVALUATION ASSETS |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |
| ($ millions)                                    | 2016 |  |   | 2015 |  |   |
| Exploration and evaluation assets at cost       | 2,080.7 |  |   | 1,961.0 |  |   |
| Accumulated amortization                        | (1,582.6 | ) |   | (1,420.3 | ) |   |
| Net carrying amount                             | 498.1 |  |   | 540.7 |  |   |
|                                                 |  |  |  |  |
| Reconciliation of movements during the year     |   |   |   |   |
| Cost, beginning of year                         | 1,961.0 |  |   | 1,789.8 |  |   |
| Accumulated amortization, beginning of year     | (1,420.3 | ) |   | (1,167.3 | ) |   |
| Net carrying amount, beginning of year          | 540.7 |  |   | 622.5 |  |   |
|                                                 |  |  |  |  |
| Net carrying amount, beginning of year          | 540.7 |  |   | 622.5 |  |   |
| Acquisitions through business combinations, net | 62.9 |  |   | 162.3 |  |   |
| Additions                                       | 314.8 |  |   | 385.8 |  |   |
| Dispositions                                    | (0.4 | ) |   | - |  |   |
| Transfers to property, plant and equipment      | (238.3 | ) |   | (470.6 | ) |   |
| Amortization                                    | (172.5 | ) |   | (205.9 | ) |   |
| Foreign exchange                                | (9.1 | ) |   | 46.6 |  |   |
| Net carrying amount, end of year                | 498.1 |  |   | 540.7 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 14 |

----

|    |                                       |
|----|---------------------------------------|
| 8. | CAPITAL ACQUISITIONS AND DISPOSITIONS |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 15 |

----

|    |                               |
|----|-------------------------------|
| 9. | PROPERTY, PLANT AND EQUIPMENT |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |
| ($ millions)                                            | 2016 |  |   | 2015 |  |   |
| Development and production assets                       | 24,846.9 |  |   | 23,677.4 |  |   |
| Corporate assets                                        | 102.4 |  |   | 101.5 |  |   |
| Property, plant and equipment at cost                   | 24,949.3 |  |   | 23,778.9 |  |   |
| Accumulated depletion, depreciation and impairment      | (10,774.4 | ) |   | (8,825.2 | ) |   |
| Net carrying amount                                     | 14,174.9 |  |   | 14,953.7 |  |   |
|                                                         |  |  |  |  |
| Reconciliation of movements during the year             |   |   |   |   |
|                                                         |  |  |  |  |
| Development and production assets                       |   |   |   |   |
| Cost, beginning of year                                 | 23,677.4 |  |   | 19,891.5 |  |   |
| Accumulated depletion and impairment, beginning of year | (8,795.5 | ) |   | (5,708.0 | ) |   |
| Net carrying amount, beginning of year                  | 14,881.9 |  |   | 14,183.5 |  |   |
|                                                         |  |  |  |  |
| Net carrying amount, beginning of year                  | 14,881.9 |  |   | 14,183.5 |  |   |
| Acquisitions through business combinations, net         | 218.2 |  |   | 1,513.8 |  |   |
| Additions                                               | 909.5 |  |   | 1,357.3 |  |   |
| Dispositions                                            | (56.4 | ) |   | (0.5 | ) |   |
| Transfers from exploration and evaluation assets        | 238.3 |  |   | 470.6 |  |   |
| Depletion                                               | (1,427.0 | ) |   | (1,538.5 | ) |   |
| Impairment                                              | (611.4 | ) |   | (1,385.3 | ) |   |
| Foreign exchange                                        | (41.7 | ) |   | 281.0 |  |   |
| Net carrying amount, end of year                        | 14,111.4 |  |   | 14,881.9 |  |   |
|                                                         |  |  |  |  |
| Cost, end of year                                       | 24,846.9 |  |   | 23,677.4 |  |   |
| Accumulated depletion and impairment, end of year       | (10,735.5 | ) |   | (8,795.5 | ) |   |
| Net carrying amount, end of year                        | 14,111.4 |  |   | 14,881.9 |  |   |
|                                                         |  |  |  |  |
| Corporate assets                                        |   |   |   |   |
| Cost, beginning of year                                 | 101.5 |  |   | 87.7 |  |   |
| Accumulated depreciation, beginning of year             | (29.7 | ) |   | (21.1 | ) |   |
| Net carrying amount, beginning of year                  | 71.8 |  |   | 66.6 |  |   |
|                                                         |  |  |  |  |
| Net carrying amount, beginning of year                  | 71.8 |  |   | 66.6 |  |   |
| Additions                                               | 0.9 |  |   | 13.4 |  |   |
| Depreciation                                            | (9.2 | ) |   | (8.6 | ) |   |
| Foreign exchange                                        | - |  |   | 0.4 |  |   |
| Net carrying amount, end of year                        | 63.5 |  |   | 71.8 |  |   |
|                                                         |  |  |  |  |
| Cost, end of year                                       | 102.4 |  |   | 101.5 |  |   |
| Accumulated depreciation, end of year                   | (38.9 | ) |   | (29.7 | ) |   |
| Net carrying amount, end of year                        | 63.5 |  |   | 71.8 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 16 |

----

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                     | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 (2) |  |
| WTI ($US/bbl)            | 55.00 |  | 65.00 |  | 70.00 |  | 71.40 |  | 72.83 |  | 74.28 |  | 75.77 |  | 77.29 |  | 78.83 |  | 80.41 |  | 82.02 |  |
| Exchange Rate ($US/$Cdn) | 0.780 |  | 0.820 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  | 0.850 |  |
| WTI ($Cdn/bbl)           | 70.51 |  | 79.27 |  | 82.35 |  | 84.00 |  | 85.68 |  | 87.39 |  | 89.14 |  | 90.93 |  | 92.74 |  | 94.60 |  | 96.49 |  |
| AECO ($Cdn/MMbtu)        | 3.44 |  | 3.27 |  | 3.22 |  | 3.91 |  | 4.00 |  | 4.10 |  | 4.19 |  | 4.29 |  | 4.40 |  | 4.50 |  | 4.61 |  |

|     |                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The forecast benchmark commodity prices listed above are adjusted for quality differentials, heat content, distance to market and other factors in performing our impairment tests. |

|     |                                                                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Forecast benchmark commodity prices are assumed to increase by 2.0% in each year after 2027 to the end of the reserve life. Exchange rates are assumed to be constant at 0.850. |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |
| CGU($ millions, except %) | Operating segment | Fair value less costs of disposal |  | Discount rate |  | (Impairment) / Recovery |  | (Impairment) / Recovery, net of tax |  |
| Southeast Saskatchewan    | Canada | 7,321.2 |  | 9.75 | % | (375.1 | ) | (273.8 | ) |
| Southwest Saskatchewan    | Canada | 2,498.7 |  | 9.75 | % | (355.2 | ) | (259.3 | ) |
| Northern U.S.             | U.S. | 622.6 |  | 10.00 | % | 56.6 |  | 35.2 |  |
| Utah                      | U.S. | 938.9 |  | 9.75 | % | 42.2 |  | 26.2 |  |
| Northern Alberta          | Canada | 48.1 |  | 10.25 | % | 10.3 |  | 7.5 |  |
| Southern Alberta          | Canada | 1,339.1 |  | 10.25 | % | 9.8 |  | 7.2 |  |
| Total impairment (1)      |   | (611.4 | ) | (457.0 | ) |

|     |                                                                                                                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | At December 31, 2016, accumulated after tax impairment losses, net of depletion had no impairment loss been recognized in prior periods for the Canada and U.S. operating segments were $1.5 billion and $383.2 million, respectively. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 17 |

----

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |
| CGU($ millions)        | Discount Rate |   | Commodity Prices |   |
| Increase 1%            |  |   | Decrease 1% |  |   | Increase 5% |  |   | Decrease 5% |  |   |
| Southeast Saskatchewan | (605.4 | ) |   | 666.9 |  |   | 666.9 |  |   | (891.9 | ) |   |
| Southwest Saskatchewan | (222.6 | ) |   | 249.6 |  |   | 311.3 |  |   | (321.7 | ) |   |
| Northern U.S.          | (58.2 | ) |   | 66.8 |  |   | 96.3 |  |   | (99.8 | ) |   |
| Utah                   | (76.4 | ) |   | 85.8 |  |   | 129.0 |  |   | (127.9 | ) |   |
| Northern Alberta       | - |  |   | - |  |   | - |  |   | - |  |   |
| Southern Alberta       | (134.0 | ) |   | 150.1 |  |   | 204.6 |  |   | (209.7 | ) |   |
| Increase (decrease)    | (1,096.6 | ) |   | 1,219.2 |  |   | 1,408.1 |  |   | (1,651.0 | ) |  |

|     |          |
|-----|----------|
| 10. | GOODWILL |

|     |                |
|-----|----------------|
| 11. | LONG-TERM DEBT |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |
| ($ millions)                           | 2016 |  |   | 2015 |  |   |
| Bank debt                              | 1,672.1 |  |   | 2,171.4 |  |   |
| Senior guaranteed notes (1)            | 2,148.6 |  |   | 2,280.6 |  |   |
| Long-term debt                         | 3,820.7 |  |   | 4,452.0 |  |   |
| Long-term debt due within one year (1) | 90.6 |  |   | 72.0 |  |   |
| Long-term debt due beyond one year     | 3,730.1 |  |   | 4,380.0 |  |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The Company entered into cross currency swaps and a foreign exchange swap concurrent with the issuance of the US senior guaranteed notes to fix the US dollar amount of the notes for the purpose of principal repayment at Canadian dollar notional amounts. At December 31, 2016, the total principal due on the maturity of the senior guaranteed notes is $1.74 billion (December 31, 2015 - $1.79 billion), of which $68.9 million (December 31, 2015 - $50.1 million) is due within one year. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 18 |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |
| Principal($ millions)                       | Coupon Rate |  | Principal Due on Maturity (1)(Cdn$ millions) |  | Interest Payment Dates | Maturity Date | Financial statement carrying value |
| 2016                                        |  |   | 2015 |  |   |
| US$52.0                                     | 3.93 | % | - |  | October 14 and April 14 | April 14, 2016 | - |  |   | 72.0 |  |   |
| US$67.5                                     | 5.48 | % | 68.9 |  | September 24 and March 24 | March 24, 2017 | 90.6 |  |   | 93.3 |  |   |
| US$31.0                                     | 4.58 | % | 29.9 |  | October 14 and April 14 | April 14, 2018 | 41.6 |  |   | 42.9 |  |   |
| US$20.0                                     | 2.65 | % | 20.4 |  | December 12 and June 12 | June 12, 2018 | 26.9 |  |   | 27.7 |  |   |
| Cdn$7.0                                     | 4.29 | % | 7.0 |  | November 22 and May 22 | May 22, 2019 | 7.0 |  |   | 7.0 |  |   |
| US$68.0                                     | 3.39 | % | 66.7 |  | November 22 and May 22 | May 22, 2019 | 91.3 |  |   | 94.1 |  |   |
| US$155.0                                    | 6.03 | % | 158.3 |  | September 24 and March 24 | March 24, 2020 | 208.1 |  |   | 214.5 |  |   |
| Cdn$50.0                                    | 5.53 | % | 50.0 |  | October 14 and April 14 | April 14, 2021 | 50.0 |  |   | 50.0 |  |   |
| US$82.0                                     | 5.13 | % | 79.0 |  | October 14 and April 14 | April 14, 2021 | 110.1 |  |   | 113.5 |  |   |
| US$52.5                                     | 3.29 | % | 56.3 |  | December 20 and June 20 | June 20, 2021 | 70.5 |  |   | 72.7 |  |   |
| Cdn$25.0                                    | 4.76 | % | 25.0 |  | November 22 and May 22 | May 22, 2022 | 25.0 |  |   | 25.0 |  |   |
| US$200.0                                    | 4.00 | % | 199.1 |  | November 22 and May 22 | May 22, 2022 | 268.5 |  |   | 276.8 |  |   |
| Cdn$10.0                                    | 4.11 | % | 10.0 |  | December 12 and June 12 | June 12, 2023 | 10.0 |  |   | 10.0 |  |   |
| US$270.0                                    | 3.78 | % | 274.7 |  | December 12 and June 12 | June 12, 2023 | 362.5 |  |   | 373.7 |  |   |
| Cdn$40.0                                    | 3.85 | % | 40.0 |  | December 20 and June 20 | June 20, 2024 | 40.0 |  |   | 40.0 |  |   |
| US$257.5                                    | 3.75 | % | 276.4 |  | December 20 and June 20 | June 20, 2024 | 345.7 |  |   | 356.4 |  |   |
| Cdn$65.0                                    | 3.94 | % | 65.0 |  | October 22 and April 22 | April 22, 2025 | 65.0 |  |   | 65.0 |  |   |
| US$230.0                                    | 4.08 | % | 291.1 |  | October 22 and April 22 | April 22, 2025 | 308.9 |  |   | 318.3 |  |   |
| US$20.0                                     | 4.18 | % | 25.3 |  | October 22 and April 22 | April 22, 2027 | 26.9 |  |   | 27.7 |  |   |
| Senior guaranteed notes                     | 1,743.1 |  |   |   | 2,148.6 |  |   | 2,280.6 |  |   |
| Senior guaranteed notes due within one year | 90.6 |  |   | 72.0 |  |   |
| Senior guaranteed notes due beyond one year | 2,058.0 |  |   | 2,208.6 |  |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes underlying derivatives which manage the Company's foreign exchange exposure on its US dollar senior guaranteed notes. The Company considers this to be the economic amount due at maturity instead of the financial statement carrying amount. During the year ended December 31, 2016, $50.1 million (December 31, 2015 - $88.3 million) was repaid on the maturity of senior guaranteed notes. |

|     |                             |
|-----|-----------------------------|
| 12. | OTHER LONG-TERM LIABILITIES |

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |
| ($ millions)                         | 2016 |  |   | 2015 |  |   |
| Lease inducement (1)            | 43.6 |  |   | 47.2 |  |   |
| Long-term compensation liability (2) | 3.7 |  |   | 2.5 |  |   |
| Other long-term liability (3)        | 7.3 |  |   | 6.6 |  |   |
| Other long-term liabilities          | 54.6 |  |   | 56.3 |  |   |

|     |                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The Company's lease inducement is associated with the building lease for Crescent Point's corporate office. This non-cash liability is amortized on a straight-line basis over the term of the lease to June 2030. |

|     |                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------|
| (2) | Long-term compensation liability relates to the DSU Plan. See additional information in Note 21 - "Share-based Compensation". |

|     |                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Other long-term liability is related to the estimated unrecoverable portion of a building lease acquired through capital acquisitions. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 19 |

----

|     |                           |
|-----|---------------------------|
| 13. | DECOMMISSIONING LIABILITY |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |
| ($ millions)                                            | 2016 |  |   | 2015 |  |   |
| Decommissioning liability, beginning of year            | 1,255.4 |  |   | 1,023.4 |  |   |
| Liabilities incurred                                    | 41.6 |  |   | 57.0 |  |   |
| Liabilities acquired through capital acquisitions       | 23.7 |  |   | 81.3 |  |   |
| Liabilities disposed through capital dispositions       | (10.7 | ) |   | (1.2 | ) |   |
| Liabilities settled                                     | (16.0 | ) |   | (15.8 | ) |   |
| Revaluation of acquired decommissioning liabilities (1) | 36.1 |  |   | 111.1 |  |   |
| Change in estimated future costs                        | (27.1 | ) |   | (14.5 | ) |   |
| Change in discount rate                                 | (14.5 | ) |   | (11.0 | ) |   |
| Accretion expense                                       | 25.9 |  |   | 25.1 |  |   |
| Decommissioning liability, end of year                  | 1,314.4 |  |   | 1,255.4 |  |   |
| Expected to be incurred within one year                 | 23.7 |  |   | 32.4 |  |   |
| Expected to be incurred beyond one year                 | 1,290.7 |  |   | 1,223.0 |  |   |

|     |                                                                                                                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | These amounts relate to the revaluation of acquired decommissioning liabilities at the end of the period using a risk-free discount rate. At the date of acquisition, acquired decommissioning liabilities are fair valued. |

|     |                       |
|-----|-----------------------|
| 14. | SHAREHOLDERS' CAPITAL |

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           | 2016 |   |   | 2015 |   |   |
|                                                | Number of shares |  |   | Amount($ millions) |  |   | Number of shares |  |   | Amount($ millions) |  |   |
| Common shares, beginning of year               | 504,935,930 |  |   | 15,929.7 |  |   | 446,510,210 |  |   | 14,373.5 |  |   |
| Issued for cash                                | 33,700,000 |  |   | 650.4 |  |   | 23,160,000 |  |   | 660.1 |  |   |
| Issued on capital acquisitions                 | 890,648 |  |   | 17.7 |  |   | 22,548,758 |  |   | 541.9 |  |   |
| Issued on redemption of restricted shares (1)  | 2,216,014 |  |   | 58.3 |  |   | 2,459,867 |  |   | 92.5 |  |   |
| Issued pursuant to DRIP (2) and SDP (3)        | - |  |   | - |  |   | 10,257,095 |  |   | 261.7 |  |   |
| Common shares, end of year                     | 541,742,592 |  |   | 16,656.1 |  |   | 504,935,930 |  |   | 15,929.7 |  |   |
| Cumulative share issue costs, net of tax       | - |  |   | (255.9 | ) |   | - |  |   | (236.5 | ) |   |
| Total shareholders’ capital, end of year | 541,742,592 |  |   | 16,400.2 |  |   | 504,935,930 |  |   | 15,693.2 |  |   |

|     |                                                                                                          |
|-----|----------------------------------------------------------------------------------------------------------|
| (1) | The amount of shares issued on redemption of restricted shares is net of any employee withholding taxes. |

|     |                                                     |
|-----|-----------------------------------------------------|
| (2) | Premium Dividend TM and Dividend Reinvestment Plan. |

|     |                      |
|-----|----------------------|
| (3) | Share Dividend Plan. |

|     |         |
|-----|---------|
| 15. | DEFICIT |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |
| ($ millions)                                                       | 2016 |  |   | 2015 |  |   |
| Accumulated earnings (deficit)                                     | (239.7 | ) |   | 693.0 |  |   |
| Accumulated gain on shares issued pursuant to DRIP (1) and SDP (2) | 8.4 |  |   | 8.4 |  |   |
| Accumulated tax effect on redemption of restricted shares          | 10.1 |  |   | 9.9 |  |   |
| Accumulated dividends                                              | (7,210.9 | ) |   | (6,950.6 | ) |   |
| Deficit                                                            | (7,432.1 | ) |   | (6,239.3 | ) |   |

|     |                                                     |
|-----|-----------------------------------------------------|
| (1) | Premium Dividend TM and Dividend Reinvestment Plan. |

|     |                      |
|-----|----------------------|
| (2) | Share Dividend Plan. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 20 |

----

|     |                    |
|-----|--------------------|
| 16. | CAPITAL MANAGEMENT |

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |
| ($ millions)                                                                  | 2016 |  |   | 2015 |  |   |
| Long-term debt                                                                | 3,820.7 |  |   | 4,452.0 |  |   |
| Adjusted working capital deficiency (1)                                       | 273.3 |  |   | 342.8 |  |   |
| Unrealized foreign exchange on translation of hedged US dollar long-term debt | (420.6 | ) |   | (531.2 | ) |   |
| Net debt                                                                      | 3,673.4 |  |   | 4,263.6 |  |   |
| Shareholders’ equity                                                    | 9,591.2 |  |   | 10,125.0 |  |   |
| Total capitalization                                                          | 13,264.6 |  |   | 14,388.6 |  |   |

|     |                                                                                                                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Adjusted working capital deficiency is calculated as accounts payable and accrued liabilities plus dividends payable, less cash, accounts receivable, prepaids and deposits and long-term investments. |

|     |                           |
|-----|---------------------------|
| 17. | DERIVATIVE GAINS (LOSSES) |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |
| ($ millions)              | 2016 |  |   | 2015 |  |   |
| Realized gains            | 468.7 |  |   | 642.6 |  |   |
| Unrealized gains (losses) | (706.8 | ) |   | 228.1 |  |   |
| Derivative gains (losses) | (238.1 | ) |   | 870.7 |  |   |

|     |                     |
|-----|---------------------|
| 18. | OTHER INCOME (LOSS) |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |
| ($ millions)                                       | 2016 |  |   | 2015 |  |   |
| Unrealized gain (loss) on long-term investments    | 5.5 |  |   | (13.9 | ) |   |
| Gain (loss) on capital acquisitions / dispositions | (15.3 | ) |   | 18.8 |  |   |
| Gain on sale of long-term investments              | - |  |   | 0.7 |  |   |
| Other gain                                         | 3.2 |  |   | 2.3 |  |   |
| Other income (loss)                                | (6.6 | ) |   | 7.9 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 21 |

----

|     |                              |
|-----|------------------------------|
| 19. | FOREIGN EXCHANGE GAIN (LOSS) |

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |
| ($ millions)                            | 2016 |  |   | 2015 |  |   |
| Realized gain (loss)                    |   |   |   |   |
| CCS - US dollar interest payments       | 9.1 |  |   | 7.0 |  |   |
| CCS - US dollar debt maturities         | 48.6 |  |   | 14.3 |  |   |
| US dollar debt maturities               | (52.4 | ) |   | (21.2 | ) |   |
| Other                                   | (2.5 | ) |   | 3.1 |  |   |
| Unrealized gain (loss)                  |   |   |   |   |
| Translation of US dollar long-term debt | 128.0 |  |   | (363.5 | ) |   |
| Other                                   | 0.5 |  |   | (2.2 | ) |   |
| Foreign exchange gain (loss)            | 131.3 |  |   | (362.5 | ) |   |

|     |              |
|-----|--------------|
| 20. | INCOME TAXES |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |
| ($ millions)                   |   | 2016 |  |   | 2015 |  |   |
| Current tax:                   |   |   |   |   |
|                           | Canada | - |  |   | (2.1 | ) |   |
|                           | Luxembourg | 0.2 |  |   | 0.2 |  |   |
| Current tax expense (recovery) | 0.2 |  |   | (1.9 | ) |   |
| Deferred tax:                  |   |   |   |   |
|                           | Canada | (336.4 | ) |   | (191.5 | ) |   |
|                           | United States | (44.9 | ) |   | (380.7 | ) |   |
| Deferred tax recovery          | (381.3 | ) |   | (572.2 | ) |   |
| Income tax recovery            | (381.1 | ) |   | (574.1 | ) |   |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |
| ($ millions)                                           | 2016 |  |   | 2015 |  |   |
| Net income (loss) before tax                           | (1,313.8 | ) |   | (1,444.3 | ) |   |
| Statutory income tax rate                              | 27.00% |  |   | 26.60% |  |   |
| Expected provision for income taxes                    | (354.7 | ) |   | (384.2 | ) |   |
| Effect of change in corporate tax rates                | - |  |   | 40.2 |  |   |
| Effect of tax rates in foreign jurisdictions           | (14.6 | ) |   | (89.4 | ) |   |
| Effect of restricted share bonus plan                  | 6.9 |  |   | 0.6 |  |   |
| Effect of change in recognition of deferred tax assets | (24.9 | ) |   | (150.8 | ) |   |
| Effect of non-taxable capital (gains) losses           | (2.1 | ) |   | 13.3 |  |   |
| Other                                                  | 8.3 |  |   | (3.8 | ) |   |
| Income tax recovery                                    | (381.1 | ) |   | (574.1 | ) |   |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |
| ($ millions)                        | 2016 |  |   | 2015 |  |   |
| Deferred income tax assets          | 422.4 |  |   | 388.5 |  |   |
| Deferred income tax liabilities     | (651.5 | ) |   | (995.3 | ) |   |
| Net deferred income tax liabilities | (229.1 | ) |   | (606.8 | ) |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 22 |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |  |  |
| ($ millions)                            | 2016 |  |   | 2015 |  |   |
| Deferred income tax:                    |   |   |   |   |
| To be settled within 12 months          | (9.4 | ) |   | (122.0 | ) |   |
| To be settled after more than 12 months | (219.7 | ) |   | (484.8 | ) |   |
| Deferred income tax                     | (229.1 | ) |   | (606.8 | ) |   |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                        | At January 1, 2016 |  |   | (Charges) / credits due to acquisitions & other |  |   | (Charged) / credited to earnings |  |   | At December 31, 2016 |  |   |
| Deferred income tax assets:         |   |   |   |   |   |   |   |   |
| Decommissioning liability           | 344.8 |  |   | - |  |   | 17.0 |  |   | 361.8 |  |   |
| Income tax losses carried forward   | 401.9 |  |   | - |  |   | 230.5 |  |   | 632.4 |  |   |
| Debt financing costs                | 13.1 |  |   | - |  |   | (8.3 | ) |   | 4.8 |  |   |
| Share issue costs                   | 17.7 |  |   | 7.2 |  |   | (9.6 | ) |   | 15.3 |  |   |
| Risk management contracts           | 0.6 |  |   | - |  |   | 17.7 |  |   | 18.3 |  |   |
| Other                               | 17.6 |  |   | (10.8 | ) |   | 9.8 |  |   | 16.6 |  |   |
|                                | 795.7 |  |   | (3.6 | ) |   | 257.1 |  |   | 1,049.2 |  |   |
| Deferred income tax liabilities:    |   |   |   |   |   |   |   |   |
| Property, plant and equipment       | (1,212.7 | ) |   | - |  |   | (74.0 | ) |   | (1,286.7 | ) |   |
| Timing of partnership items         | (54.8 | ) |   | - |  |   | 54.8 |  |   | - |  |   |
| Risk management contracts           | (135.0 | ) |   | - |  |   | 143.4 |  |   | 8.4 |  |   |
|                                | (1,402.5 | ) |   | - |  |   | 124.2 |  |   | (1,278.3 | ) |   |
| Net deferred income tax liabilities | (606.8 | ) |   | (3.6 | ) |   | 381.3 |  |   | (229.1 | ) |   |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                        | At January 1, 2015 |  |   | (Charges) / credits due to acquisitions & other |  |   | (Charged) / credited to earnings |  |   | At December 31, 2015 |  |   |
| Deferred income tax assets:         |   |   |   |   |   |   |   |   |
| Decommissioning liability           | 258.0 |  |   | 21.0 |  |   | 65.8 |  |   | 344.8 |  |   |
| Income tax losses carried forward   | 20.0 |  |   | 147.4 |  |   | 234.5 |  |   | 401.9 |  |   |
| Debt financing costs                | - |  |   | 13.1 |  |   | - |  |   | 13.1 |  |   |
| Share issue costs                   | 18.1 |  |   | 8.2 |  |   | (8.6 | ) |   | 17.7 |  |   |
| Risk management contracts           | 1.0 |  |   | - |  |   | (0.4 | ) |   | 0.6 |  |   |
| Other                               | 4.2 |  |   | 9.7 |  |   | 3.7 |  |   | 17.6 |  |   |
|                                | 301.3 |  |   | 199.4 |  |   | 295.0 |  |   | 795.7 |  |   |
| Deferred income tax liabilities:    |   |   |   |   |   |   |   |   |
| Property, plant and equipment       | (1,392.1 | ) |   | (30.2 | ) |   | 209.6 |  |   | (1,212.7 | ) |   |
| Timing of partnership items         | (95.5 | ) |   | - |  |   | 40.7 |  |   | (54.8 | ) |   |
| Risk management contracts           | (161.9 | ) |   | - |  |   | 26.9 |  |   | (135.0 | ) |   |
|                                | (1,649.5 | ) |   | (30.2 | ) |   | 277.2 |  |   | (1,402.5 | ) |   |
| Net deferred income tax liabilities | (1,348.2 | ) |   | 169.2 |  |   | 572.2 |  |   | (606.8 | ) |   |

|               |
|---------------|
|               |  |  |  |  |  |  |
| ($ millions)  | 2016 |  |   | 2015 |  |   |
| Tax pools:    |   |   |   |   |
| Canada        | 9,054.1 |  |   | 9,427.0 |  |   |
| United States | 2,952.9 |  |   | 2,928.3 |  |   |
| Total         | 12,007.0 |  |   | 12,355.3 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 23 |

----

|     |                          |
|-----|--------------------------|
| 21. | SHARE-BASED COMPENSATION |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |
|                       | Restricted Shares |  |   | Deferred Share Units |  |   |
| Balance, beginning of year | 3,960,363 |  |   | 153,283 |  |   |
| Granted                    | 3,930,449 |  |   | 51,370 |  |   |
| Redeemed                   | (2,280,626 | ) |   | - |  |   |
| Forfeited                  | (421,828 | ) |   | - |  |   |
| Balance, end of year       | 5,188,358 |  |   | 204,653 |  |   |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |
|                       | Restricted Shares |  |   | Deferred Share Units |  |   |
| Balance, beginning of year | 3,648,565 |  |   | 84,396 |  |   |
| Granted                    | 3,024,854 |  |   | 68,887 |  |   |
| Redeemed                   | (2,517,661 | ) |   | - |  |   |
| Forfeited                  | (195,395 | ) |   | - |  |   |
| Balance, end of year       | 3,960,363 |  |   | 153,283 |  |   |

|     |                   |
|-----|-------------------|
| 22. | PER SHARE AMOUNTS |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |
|                                             | 2016 |  |   | 2015 |  |   |
| Weighted average shares – basic       | 516,336,121 |  |   | 478,259,077 |  |   |
| Dilutive impact of restricted shares             | - |  |   | - |  |   |
| Weighted average shares – diluted (1) | 516,336,121 |  |   | 478,259,077 |  |   |

|     |                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Excludes the impact of 2,954,564 weighted average shares related to restricted shares that were anti-dilutive for the year ended December 31, 2016 (December 31, 2015 - 1,533,082). |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 24 |

----

|     |                                       |
|-----|---------------------------------------|
| 23. | FINANCIAL INSTRUMENTS AND DERIVATIVES |

|         |                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1 - Values are based on unadjusted quoted prices available in active markets for identical assets or liabilities as of the reporting date. |

|         |                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 - Values are based on inputs, including quoted forward prices for commodities, time value and volatility factors, which can be substantially observed or corroborated in the marketplace. Prices in Level 2 are either directly or indirectly observable as of the reporting date. |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | Level 3 - Values are based on prices or valuation techniques that are not based on observable market data. |

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                        | 2016 Carrying Value |  |   | 2016 Fair Value |  |   | Quoted prices in active markets for identical assets  (Level 1) |  |   | Significant other observable inputs  (Level 2) |  |   | Significant unobservable inputs (Level 3) |   |
| ($ millions)                |   |   |   |
| Financial assets            |   |   |   |   |   |   |   |   |   |   |
| Derivatives                 | 389.4 |  |   | 389.4 |  |   | - |  |   | 389.4 |  |   | - |   |
| Long-term investments (1)   | 35.8 |  |   | 35.8 |  |   | 28.3 |  |   | 7.5 |  |   | - |   |
|                        | 425.2 |  |   | 425.2 |  |   | 28.3 |  |   | 396.9 |  |   | - |   |
| Financial liabilities       |   |   |   |   |   |   |   |   |   |   |
| Derivatives                 | 67.7 |  |   | 67.7 |  |   | - |  |   | 67.7 |  |   | - |   |
| Senior guaranteed notes (2) | 2,148.6 |  |   | 2,119.2 |  |   | - |  |   | 2,119.2 |  |   | - |   |
|                        | 2,216.3 |  |   | 2,186.9 |  |   | - |  |   | 2,186.9 |  |   | - |   |

|     |                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------|
| (1) | Long-term investments are comprised of equity securities in public and private oil and gas companies. |

|     |                                                                                                                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The senior guaranteed notes are classified as financial liabilities at amortized cost and are reported at amortized cost. The notes denominated in US dollars are translated to Canadian dollars at the period end exchange rate. The fair value of the notes is calculated based on current interest rates and is not recorded in the financial statements. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 25 |

----

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                        | 2015 Carrying Value |  |   | 2015 Fair Value |  |   | Quoted prices in active markets for identical assets  (Level 1) |  |   | Significant other observable inputs (Level 2) |  |   | Significant unobservable inputs  (Level 3) |   |
| ($ millions)                |   |   |   |
| Financial assets            |   |   |   |   |   |   |   |   |   |   |
| Derivatives                 | 1,030.6 |  |   | 1,030.6 |  |   | - |  |   | 1,030.6 |  |   | - |   |
| Long-term investments (1)   | 30.3 |  |   | 30.3 |  |   | 22.8 |  |   | 7.5 |  |   | - |   |
|                        | 1,060.9 |  |   | 1,060.9 |  |   | 22.8 |  |   | 1,038.1 |  |   | - |   |
| Financial liabilities       |   |   |   |   |   |   |   |   |   |   |
| Derivatives                 | 2.1 |  |   | 2.1 |  |   | - |  |   | 2.1 |  |   | - |   |
| Senior guaranteed notes (2) | 2,280.6 |  |   | 2,302.1 |  |   | - |  |   | 2,302.1 |  |   | - |   |
|                        | 2,282.7 |  |   | 2,304.2 |  |   | - |  |   | 2,304.2 |  |   | - |   |

|     |                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------|
| (1) | Long-term investments are comprised of equity securities in public and private oil and gas companies. |

|     |                                                                                                                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The senior guaranteed notes are classified as financial liabilities at amortized cost and are reported at amortized cost. The notes denominated in US dollars are translated to Canadian dollars at the period end exchange rate. The fair value of the notes is calculated based on current interest rates and is not recorded in the financial statements. |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                                         | Commodity contracts (1) |  |   | Interest contracts |  |   | CCS contracts |  |   | Foreign exchange contracts |  |   | Total |  |   |
| Derivative assets / (liabilities), beginning of year | 527.3 |  |   | (0.4 | ) |   | 493.7 |  |   | 7.9 |  |   | 1,028.5 |  |   |
| Unrealized change in fair value                      | (587.9 | ) |   | 2.5 |  |   | (120.4 | ) |   | (1.0 | ) |   | (706.8 | ) |   |
| Derivative assets / (liabilities), end of year       | (60.6 | ) |   | 2.1 |  |   | 373.3 |  |   | 6.9 |  |   | 321.7 |  |   |
|                                                      |  |  |  |  |  |  |  |  |  |  |
| Derivative assets, end of year                       | 6.1 |  |   | 2.9 |  |   | 373.5 |  |   | 6.9 |  |   | 389.4 |  |   |
| Derivative liabilities, end of year                  | (66.7 | ) |   | (0.8 | ) |   | (0.2 | ) |   | - |  |   | (67.7 | ) |   |

|     |                                        |
|-----|----------------------------------------|
| (1) | Includes oil, gas and power contracts. |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                                         | Commodity contracts (1) |  |   | Interest contracts |  |   | CCS contracts |  |   | Foreign exchange contracts |  |   | Total |  |   |
| Derivative assets / (liabilities), beginning of year | 639.6 |  |   | (2.2 | ) |   | 160.6 |  |   | 2.4 |  |   | 800.4 |  |   |
| Unrealized change in fair value                      | (112.3 | ) |   | 1.8 |  |   | 333.1 |  |   | 5.5 |  |   | 228.1 |  |   |
| Derivative assets / (liabilities), end of year       | 527.3 |  |   | (0.4 | ) |   | 493.7 |  |   | 7.9 |  |   | 1,028.5 |  |   |
|                                                      |  |  |  |  |  |  |  |  |  |  |
| Derivative assets, end of year                       | 528.0 |  |   | 1.0 |  |   | 493.7 |  |   | 7.9 |  |   | 1,030.6 |  |   |
| Derivative liabilities, end of year                  | (0.7 | ) |   | (1.4 | ) |   | - |  |   | - |  |   | (2.1 | ) |   |

|     |                                        |
|-----|----------------------------------------|
| (1) | Includes oil, gas and power contracts. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 26 |

----

|               |
|---------------|
|               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|          | 2016 |   |   | 2015 |   |   |
| ($ millions)  | Asset |  |   | Liability |  |   | Net |  |   | Asset |  |   | Liability |  |   | Net |  |   |
| Gross amount  | 400.7 |  |   | (79.0 | ) |   | 321.7 |  |   | 1,029.7 |  |   | (1.2 | ) |   | 1,028.5 |  |   |
| Amount offset | (11.3 | ) |   | 11.3 |  |   | - |  |   | 0.9 |  |   | (0.9 | ) |   | - |  |   |
| Net amount    | 389.4 |  |   | (67.7 | ) |   | 321.7 |  |   | 1,030.6 |  |   | (2.1 | ) |   | 1,028.5 |  |   |

|    |                                                        |
|----|--------------------------------------------------------|
| b) | Risks Associated with Financial Assets and Liabilities |

|                 |
|-----------------|
|                 |  |  |  |  |  |  |  |  |  |  |  |  |
|            | Impact on Income Before Tax |   |   | Impact on Income Before Tax |   |   |
| ($ millions)    | Year ended December 31, 2016 |   |   | Year ended December 31, 2015 |   |   |
|            | Increase 10% |  |   | Decrease 10% |  |   | Increase 10% |  |   | Decrease 10% |  |   |
| Commodity price |   |   |   |   |   |   |   |   |
| Crude oil       | (120.1 | ) |   | 113.9 |  |   | (133.7 | ) |   | 133.7 |  |   |
| Natural gas     | (9.6 | ) |   | 9.6 |  |   | (4.5 | ) |   | 4.5 |  |   |
| Power           | 0.1 |  |   | (0.1 | ) |   | 0.2 |  |   | (0.2 | ) |   |
| Differential    |   |   |   |   |   |   |   |   |
| Crude oil       | 0.3 |  |   | (0.3 | ) |   | 0.2 |  |   | (0.2 | ) |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 27 |

----

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |
|                   | Impact on Income Before Tax |   |   | Impact on Income Before Tax |   |   |
| ($ millions)           | Year ended December 31, 2016 |   |   | Year ended December 31, 2015 |   |   |
| Forward interest rates | Increase 10% |  |   | Decrease 10% |  |   | Increase 10% |  |   | Decrease 10% |  |   |
| Interest rate swaps    | 1.5 |  |   | (1.5 | ) |   | 1.7 |  |   | (1.7 | ) |   |

|                          |
|--------------------------|
|                          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                     |   | Impact on Income Before Tax |   |   | Impact on Income Before Tax |   |   |
| ($ millions)             | Exchange Rate | Year ended December 31, 2016 |   |   | Year ended December 31, 2015 |   |   |
| Cdn$ relative to US$     |   | Increase 10% |  |   | Decrease 10% |  |   | Increase 10% |  |   | Decrease 10% |  |   |
| US dollar long-term debt | Period End | 357.0 |  |   | (357.0 | ) |   | 341.2 |  |   | (341.2 | ) |   |
| Cross currency swaps     | Forward | (375.3 | ) |   | 375.3 |  |   | (365.2 | ) |   | 365.2 |  |   |
| Foreign exchange swaps   | Forward | (5.9 | ) |   | 5.9 |  |   | (4.0 | ) |   | 4.0 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 28 |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                             | 1 year |  |   | 2 to 3 years |  |   | 4 to 5 years |  |   | More than 5 years |  |   | Total |  |   |
| Accounts payable and accrued liabilities | 647.2 |  |   | - |  |   | - |  |   | - |  |   | 647.2 |  |   |
| Dividends payable                        | 16.3 |  |   | - |  |   | - |  |   | - |  |   | 16.3 |  |   |
| Derivative liabilities (1)               | 55.9 |  |   | 1.9 |  |   | - |  |   | - |  |   | 57.8 |  |   |
| Senior guaranteed notes (2)              | 148.0 |  |   | 272.9 |  |   | 466.4 |  |   | 1,319.2 |  |   | 2,206.5 |  |   |
| Bank credit facilities (3)               | 62.8 |  |   | 1,762.7 |  |   | - |  |   | - |  |   | 1,825.5 |  |   |

|     |                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------|
| (1) | These amounts exclude undiscounted cash outflows pursuant to the CCS and foreign exchange swap. |

|     |                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These amounts include the notional principal and interest payments pursuant to the related CCS and foreign exchange swap, which fix the amounts due in Canadian dollars. |

|     |                                                                                                                                                                                                                                                                                                        |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | These amounts include interest based on debt outstanding and interest rates effective as at December 31, 2016. The current maturity date of the Company's facilities is June 10, 2019. The Company expects that the facilities will continue to be renewed and extended prior to their maturity dates. |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                             | 1 year |  |   | 2 to 3 years |  |   | 4 to 5 years |  |   | More than 5 years |  |   | Total |  |   |
| Accounts payable and accrued liabilities | 679.4 |  |   | - |  |   | - |  |   | - |  |   | 679.4 |  |   |
| Dividends payable                        | 50.5 |  |   | - |  |   | - |  |   | - |  |   | 50.5 |  |   |
| Derivative liabilities (1)               | 3.2 |  |   | 2.7 |  |   | 0.1 |  |   | - |  |   | 6.0 |  |   |
| Senior guaranteed notes (2)              | 132.5 |  |   | 274.2 |  |   | 371.4 |  |   | 1,561.1 |  |   | 2,339.2 |  |   |
| Bank credit facilities (3)               | 82.7 |  |   | 2,288.5 |  |   | - |  |   | - |  |   | 2,371.2 |  |   |

|     |                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------|
| (1) | These amounts exclude undiscounted cash outflows pursuant to the CCS and foreign exchange swap. |

|     |                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These amounts include the notional principal and interest payments pursuant to the related CCS and foreign exchange swap, which fix the amounts due in Canadian dollars. |

|     |                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------|
| (3) | These amounts include interest based on debt outstanding and interest rates effective as at December 31, 2015. |

|    |                      |
|----|----------------------|
| c) | Derivative Contracts |

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial WTI Crude Oil Derivative Contracts – Canadian Dollar (1) |
|                                                                          |   |   | Swap |   | Three-way Collar |   |
| Term                                                                          | Volume(bbls/d) |  |   | Average Price($/bbl) |  |   | Average SoldCall Price($/bbl) |  |   | Average BoughtPut Price($/bbl) |  |   | Average SoldPut Price($/bbl) |  |   |
| 2017 (2)                                                                      | 46,800 |  |   | 71.35 |  |   | 79.78 |  |   | 67.93 |  |   | 60.21 |  |   |
| 2018 January - June                                                           | 7,500 |  |   | 74.14 |  |   | 79.39 |  |   | 73.43 |  |   | 64.00 |  |   |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (1) | The volumes and prices reported are the weighted average volumes and prices for the period. |

|     |                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes 4,000 bbls/d which can be extended at the option of the counterparty for the first half of 2018 at an average swap price of $86.16/bbl. |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 29 |

----

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |
| Financial WTI Crude Oil Differential Derivative Contracts – Canadian Dollar (1) |
| Term                                                                                       |   | Volume (bbls/d) |  |   | Contract |   | Basis |   | Fixed Differential ($/bbl) |  |   |
| 2017                                                                                       |   | 2,000 |  |   | Basis Swap |   | MSW (2) |   | (3.66 | ) |   |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (1) | The volumes and prices reported are the weighted average volumes and prices for the period. |

|     |                                                             |
|-----|-------------------------------------------------------------|
| (2) | MSW refers to the Mixed Sweet Blend crude oil differential. |

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |
| Financial AECO Natural Gas Derivative Contracts – Canadian Dollar (1) | Average Volume  (GJ/d) |   | Average Swap Price  ($/GJ) |   |
| Term                                                                        |   |
| 2017                                                                        | 41,356 |   | 3.09 |   |
| 2018                                                                        | 33,973 |   | 2.83 |   |
| 2019                                                                        | 19,948 |   | 2.71 |   |

|     |                                                                                             |
|-----|---------------------------------------------------------------------------------------------|
| (1) | The volumes and prices reported are the weighted average volumes and prices for the period. |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |
| Financial Power Derivative Contracts – Canadian Dollar |   | Volume  (MW/h) |   | Fixed Rate  ($/MW/h) |   |
| Term                                                         | Contract |   |
| 2017                                                         | Swap | 3.0 |   | 52.50 |   |

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |
| Financial Interest Rate Derivative Contracts – Canadian Dollar |   | Notional Principal  ($ millions) |   | Fixed Annual  Rate (%) |   |
| Term                                                                 | Contract |   |   |
| January 2017 - September 2018                                        | Swap | 50.0 |   | 0.90 |   |
| January 2017 - September 2018                                        | Swap | 50.0 |   | 0.87 |   |
| January 2017 - August 2020                                           | Swap | 50.0 |   | 1.16 |   |
| January 2017 - August 2020                                           | Swap | 50.0 |   | 1.16 |   |
| January 2017 - August 2020                                           | Swap | 100.0 |   | 1.15 |   |
| January 2017 - September 2020                                        | Swap | 50.0 |   | 1.14 |   |
| January 2017 - September 2020                                        | Swap | 50.0 |   | 1.11 |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 30 |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Financial Cross Currency Derivative Contracts |   |   |   |   |   |
| Term                                          | Contract | Receive Notional Principal  (US$ millions) |  |   | Fixed Annual  Rate (US%) |  |   | Pay Notional Principal  (Cdn$ millions) |  |   | Fixed Annual  Rate (Cdn%) |  |   |
| January 2017                                  | Swap | 90.0 |  |   | 2.77 |  |   | 120.9 |  |   | 2.46 |  |   |
| January 2017                                  | Swap | 105.0 |  |   | 2.77 |  |   | 141.1 |  |   | 2.43 |  |   |
| January 2017 - February 2017                  | Swap | 95.0 |  |   | 2.80 |  |   | 126.1 |  |   | 2.41 |  |   |
| January 2017 - February 2017                  | Swap | 190.0 |  |   | 2.80 |  |   | 252.1 |  |   | 2.41 |  |   |
| January 2017 - February 2017                  | Swap | 190.0 |  |   | 2.80 |  |   | 252.2 |  |   | 2.40 |  |   |
| January 2017 - February 2017                  | Swap | 205.0 |  |   | 2.80 |  |   | 272.1 |  |   | 2.39 |  |   |
| January 2017 - February 2017                  | Swap | 150.0 |  |   | 2.89 |  |   | 200.4 |  |   | 2.41 |  |   |
| January 2017 - February 2017                  | Swap | 180.0 |  |   | 2.89 |  |   | 240.8 |  |   | 2.43 |  |   |
| January 2017 - March 2017                     | Swap | 67.5 |  |   | 5.48 |  |   | 68.9 |  |   | 5.89 |  |   |
| January 2017 - April 2018                     | Swap | 31.0 |  |   | 4.58 |  |   | 29.9 |  |   | 5.32 |  |   |
| January 2017 - June 2018                      | Swap | 20.0 |  |   | 2.65 |  |   | 20.4 |  |   | 3.52 |  |   |
| January 2017 - May 2019                       | Swap | 68.0 |  |   | 3.39 |  |   | 66.7 |  |   | 4.53 |  |   |
| January 2017 - March 2020                     | Swap | 155.0 |  |   | 6.03 |  |   | 158.3 |  |   | 6.45 |  |   |
| January 2017 - April 2021                     | Swap | 82.0 |  |   | 5.13 |  |   | 79.0 |  |   | 5.83 |  |   |
| January 2017 - June 2021                      | Swap | 52.5 |  |   | 3.29 |  |   | 56.3 |  |   | 3.59 |  |   |
| January 2017 - May 2022                       | Swap | 170.0 |  |   | 4.00 |  |   | 166.9 |  |   | 5.03 |  |   |
| January 2017 - June 2023                      | Swap | 270.0 |  |   | 3.78 |  |   | 274.7 |  |   | 4.32 |  |   |
| January 2017 - June 2024                      | Swap | 257.5 |  |   | 3.75 |  |   | 276.4 |  |   | 4.03 |  |   |
| January 2017 - April 2025                     | Swap | 230.0 |  |   | 4.08 |  |   | 291.1 |  |   | 4.13 |  |   |
| January 2017 - April 2027                     | Swap | 20.0 |  |   | 4.18 |  |   | 25.3 |  |   | 4.25 |  |   |

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |  |
| Financial Foreign Exchange Forward Derivative Contracts |   |   |   |   |
| Settlement Date                                         | Contract |   | Receive Notional Principal  (US$ millions) |  |   | Pay Notional Principal  (Cdn$ millions) |  |   |
| January 2017                                            | Swap |   | 15.0 |  |   | 20.1 |  |   |
| May 2022                                                | Swap |   | 30.0 |  |   | 32.2 |  |   |

|     |                            |
|-----|----------------------------|
| 24. | RELATED PARTY TRANSACTIONS |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 31 |

----

|     |             |
|-----|-------------|
| 25. | COMMITMENTS |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                                       |   | 1 year |  |   | 2 to 3 years |  |   | 4 to 5 years |  |   | More than 5 years |  |   | Total |  |   |
| Operating leases (building and vehicle leases) (1) |   | 33.2 |  |   | 58.3 |  |   | 60.3 |  |   | 251.5 |  |   | 403.3 |  |   |
| Transportation commitments                         |   | 15.4 |  |   | 27.2 |  |   | 24.2 |  |   | 48.9 |  |   | 115.7 |  |   |
| Total contractual commitments                      |   | 48.6 |  |   | 85.5 |  |   | 84.5 |  |   | 300.4 |  |   | 519.0 |  |   |

|     |                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------|
| (1) | Included in operating leases are recoveries of rent expense on office space the Company has subleased of $48.3 million. |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| ($ millions)                                       |   | 1 year |  |   | 2 to 3 years |  |   | 4 to 5 years |  |   | More than 5 years |  |   | Total |  |   |
| Operating leases (building and vehicle leases) (1) |   | 35.8 |  |   | 66.5 |  |   | 61.7 |  |   | 283.2 |  |   | 447.2 |  |   |
| Transportation commitments                         |   | 4.3 |  |   | 4.6 |  |   | 3.5 |  |   | 0.2 |  |   | 12.6 |  |   |
| Total contractual commitments                      |   | 40.1 |  |   | 71.1 |  |   | 65.2 |  |   | 283.4 |  |   | 459.8 |  |   |

|     |                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------|
| (1) | Included in operating leases are recoveries of rent expense on office space the Company has subleased of $40.9 million. |

|                                         |
|-----------------------------------------|
|                                         |  |
| Subsidiary Name                         | Country of Incorporation |
| Crescent Point Resources Partnership    | Canada |
| Crescent Point Holdings Inc.            | Canada |
| Crescent Point Energy U.S. Corp.        | United States of America |
| Crescent Point U.S. Holdings Corp.      | United States of America |
| Crescent Point Energy Lux S.à r.l. | Luxembourg |

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |
| ($ millions)                | 2016 |  |   | 2015 |  |   |
| Operating                   | 82.8 |  |   | 86.6 |  |   |
| General and administrative  | 67.6 |  |   | 62.7 |  |   |
| Share-based compensation    | 57.7 |  |   | 58.6 |  |   |
| Total compensation expenses | 208.1 |  |   | 207.9 |  |   |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 32 |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |
| ($ millions)                             |   | 2016 |  |   | 2015 |  |   |
| Operating activities                     |   |   |   |   |   |
| Changes in non-cash working capital:     |   |   |   |   |   |
| Accounts receivable                      |   | (9.7 | ) |   | 145.6 |  |   |
| Prepaids and deposits                    |   | (0.3 | ) |   | 1.6 |  |   |
| Accounts payable and accrued liabilities |   | (19.9 | ) |   | (99.1 | ) |   |
| Other long-term liabilities              |   | - |  |   | 0.8 |  |   |
|                                     |   | (29.9 | ) |   | 48.9 |  |   |
| Investing activities                     |   |   |   |   |   |
| Changes in non-cash working capital:     |   |   |   |   |   |
| Accounts receivable                      |   | (0.3 | ) |   | 16.3 |  |   |
| Accounts payable and accrued liabilities |   | 8.8 |  |   | (180.9 | ) |   |
|                                     |   | 8.5 |  |   | (164.6 | ) |   |
| Financing activities                     |   |   |   |   |   |
| Changes in non-cash working capital:     |   |   |   |   |   |
| Dividends payable                        |   | (34.2 | ) |   | (52.2 | ) |   |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |
| ($ millions)              |   | 2016 |  |   | 2015 |  |   |
| Other                     |   |   |   |   |   |
| Non-cash lease inducement |   | (3.6 | ) |   | 4.2 |  |   |
| Other long-term liability |   | (1.6 | ) |   | 3.4 |  |   |
|                      |   | (5.2 | ) |   | 7.6 |  |   |

|     |                         |
|-----|-------------------------|
| 28. | GEOGRAPHICAL DISCLOSURE |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 33 |

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|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  |
| DirectorsPeter Bannister, Chairman (1) (3)Rene Amirault (4) (5)Laura Cillis (1) (2) (4)Hugh Gillard (1) (2) (5)Robert Heinemann (2) (3) (4)Mike JacksonBarbara Munroe (2) (5)Gerald Romanzin (1) (3)Scott Saxberg (4)Greg Turnbull (3) (5)(1) Member of the Audit Committee of the Board of Directors(2) Member of the Compensation Committee of the Board of Directors(3) Member of the Reserves Committee of the Board of Directors(4) Member of the Environmental, Health & Safety Committee of the Board of Directors(5) Member of the Corporate Governance and Nominating CommitteeOfficersScott SaxbergPresident and Chief Executive OfficerKen LamontChief Financial OfficerNeil SmithChief Operating OfficerDerek ChristieSr. Vice President, Exploration and GeosciencesTamara MacDonaldSr. Vice President, Corporate and Business DevelopmentBrad BorggardVice President, Corporate Planning and Investor RelationsMark EadeVice President, General Counsel and Corporate SecretaryRyan GritzfeldtVice President, Marketing and InnovationSteve ToewsVice President, Engineering and OperationsHead OfficeSuite 2000, 585 - 8th Avenue S.W.Calgary, Alberta T2P 1G1Tel: (403) 693-0020Fax: (403) 693-0070Toll Free: (888) 693-0020BankerThe Bank of Nova ScotiaCalgary, Alberta |   | AuditorPricewaterhouseCoopers LLPCalgary, AlbertaLegal CounselNorton Rose Fulbright Canada LLPCalgary, AlbertaEvaluation Engineers GLJ Petroleum Consultants Ltd.Calgary, AlbertaSproule Associates Ltd.Calgary, AlbertaRegistrar and Transfer AgentInvestors are encouraged to contact Crescent Point's Registrar and Transfer Agent for information regarding their security holdings:Computershare Trust Company of Canada600, 530 - 8th Avenue S.W. Calgary, Alberta T2P 3S8Tel: (403) 267-6800Stock ExchangesToronto Stock Exchange - TSXNew York Stock Exchange - NYSE Stock SymbolCPGInvestor Contacts Scott Saxberg President and Chief Executive Officer (403) 693-0020Ken Lamont Chief Financial Officer (403) 693-0020Brad BorggardVice President, Corporate Planning and Investor Relations(403) 693-0020 |

|                             |
|-----------------------------|
|                             |  |
| CRESCENT POINT ENERGY CORP. | 34 |