Beutel, Goodman & Co Ltd.

Q3 2014 13F Holdings Report, Restatement, Stock Holdings

Signature - Title: Michal Pomotov - CCO & General Counsel
Location: Toronto, Ontario, Canada
Holdings as of: September 30, 2014
Value $: $11.5B
Num holdings: 29
Date filed: 11/28/2014, 07:01 PM
Description: All US holdings of this investor are reported in this report.
Previous filing: Q2 2014 - Aug 6, 2014
Next filing: Q4 2014 - Jan 20, 2015

Sym	Weight	Trade Impact	Company	Class	Shares Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Filing 2014 Q3 - Restatement compared to 2014 Q2 by default.

Compare Q3 2014 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Michael James Gibson	Managing Director, COO	Toronto, Ontario, Canada	11/28/2014