EXHIBIT 99.4

For fiscal years ended December 31, 2009 and December 31, 2008, KPMG LLP and its affiliates were paid by Cameco Corporation and its subsidiaries the following fees:

			% of					% of
			Total					Total
(Cdn$)	2009		Fees			2008		Fees
Audit Fees:
Cameco	$	1,756,900		49.2	%	$	1,388,760		44.6	%
Centerra and other subsidiaries		978,600		27.4	%		1,197,276		38.5	%
Total Audit Fees	$	2,735,500		76.6	%	$	2,586,036		83.1	%
Audit-Related Fees:
Cameco	$	219,800		6.1	%	$	98,200		3.1	%
Centerra and other subsidiaries		32,300		0.9	%		—		—
Translation services		424,000		11.9	%		170,000		5.5	%
Pensions		—		—			15,000		0.5	%
Total Audit-Related Fees	$	676,100		18.9	%	$	283,200		9.1	%
Tax Fees:
Compliance	$	40,000		1.1	%	$	121,500		3.9	%
Planning and advice		122,400		3.4	%		122,300		3.9	%
Total Tax Fees	$	162,400		4.5	%	$	243,800		7.8	%
All Other Fees:		—		—			—		—
Total Fees:	$	3,574,000		100.0	%	$	3,113,036		100.0	%

Pre-Approval Policies and Procedures

As part of Cameco Corporation’s corporate governance practices, under its audit committee charter, the audit committee is required to pre-approve the audit and non-audit services performed by the external auditors. The audit committee pre-approves the audit and non-audit services up to a maximum specified level of fees. If fees relating to audit and non-audit services are expected to exceed this level or if a type of audit or non-audit service is to be performed that previously has not been pre-approved, then separate pre-approval by Cameco Corporation’s audit committee or audit committee chair, or in the absence of the audit committee chair, the chair of the board, is required. All pre-approvals granted pursuant to the delegated authority must be presented by the member(s) who granted the pre-approvals to the full audit committee at its next meeting. The audit committee has adopted a written policy to provide procedures to implement the foregoing principles. For each of the years ended December 31, 2009 and 2008, none of Cameco Corporation’s Audit-Related Fees, Tax Fees or All Other Fees made use of the de minimis exception to pre-approval provisions contained in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission.