Exhibit 99.3

Shareholders of Aurinia Pharmaceuticals Inc. Management and the Incumbent Board’s Continued Failings are Coming at the Expense of Your Shareholder Wealth. The Time for Change is Now. THE FUTURE IS IN YOUR HANDS. VOTE GREEN. www.aHealthierAurinia.com

 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f your shares are held in your name and represented by a physical certificate %(1(),&,$/ 6+$5(+2/'(56 If your shares are held with a broker, bank or other intermediary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 0$,/ 0DLO \RXU *5((1 IRUP RI SUR[\ WR: 207 4XHHQV 4XD\ :, 6XLWH 320, 7RURQWR, 21, 05-1$7 0DLO \RXU *5((1 YRWLQJ LQVWUXFWLRQ IRUP LQ WKH UHSO\ HQYHORSH SURYLGHG. <285 927( ,6 ,03257$17. $&7 72'$<. 6+$5(+2/'(56 $5( 85*(' 72 927( 21/< 86,1* 7+( (1&/26(' *5((1 81,9(56$/ 352;< 25 927,1* ,16758&7,21 )250 $1' 927( 12 /$7(5 7+$1 5:00 30 (02817$,1 7,0() 21 )5,'$<, -81( 21 , 2019. ',6&$5' 7+( <(//2: 352;< 25 927,1* ,16758&7,21 )250 3529,'(' %< 0$1$*(0(17.

 6KDUHKROGHUV RI $XULQLD 3KDUPDFHXWLFDOV ,QF. $XULQLD¶V )XWXUH LV LQ <RXU +DQGV -XQH 2, 2019 'HDU )HOORZ 6KDUHKROGHUV, ,/-,1 617 &R., /WG. (³,/-,1´ RU WKH ³&RQFHUQHG 6KDUHKROGHU´) DQG LWV DIILOLDWHG FRPSDQLHV (FROOHFWLYHO\, WKH ³,/-,1 *URXS´) DUH VLJQLILFDQW VKDUHKROGHUV RI $XULQLD 3KDUPDFHXWLFDOV ,QF. (³$XULQLD´ RU WKH ³&RUSRUDWLRQ´), ZLWK DQ DSSUR[LPDWH 14% RZQHUVKLS LQWHUHVW. :H DUH ORQJ-WLPH HQWKXVLDVWLF EHOLHYHUV LQ WKH FRPPHUFLDO SRWHQWLDO RI YRFORVSRULQ, KDYLQJ ILUVW EHFRPH LQYROYHG ZLWK WKH GUXJ WKURXJK D GHYHORSPHQW, GLVWULEXWLRQ DQG OLFHQVLQJ DUUDQJHPHQW ZLWK ,VRWHFKQLND 3KDUPD ,QF. (³,VRWHFKQLND´), D SUHGHFHVVRU FRPSDQ\ WR $XULQLD, LQ 2010. $V SDUW RI WKH WUDQVDFWLRQV E\ ZKLFK ,VRWHFKQLND DQG $XULQLD PHUJHG LQ 2013 (DQG FRQWLQXHG XQGHU WKH QDPH ³$XULQLD 3KDUPDFHXWLFDOV ,QF.´), WKH ,/-,1 *URXS EHFDPH D VLJQLILFDQW VKDUHKROGHU LQ $XULQLD ZKHQ $XULQLD UHDFTXLUHG IXOO ULJKWV WR YRFORVSRULQ IURP WKH ,/-,1 *URXS. 6LQFH $XULQLD¶V PHUJHU ZLWK ,VRWHFKQLND, WKH ,/-,1 *URXS KDV XQIDLOLQJO\ VXSSRUWHG WKH &RUSRUDWLRQ, SODFLQJ LWV WUXVW DQG LWV VLJQLILFDQW HFRQRPLF LQYHVWPHQW LQ WKH KDQGV RI $XULQLD¶V ERDUG RI GLUHFWRUV DQG PDQDJHPHQW WR DGYDQFH WKH GUXJ WKURXJK FOLQLFDO WULDOV DQG WR FRPPHUFLDO DSSOLFDWLRQV IRU OXSXV QHSKULWLV (³/1´), GU\ H\H V\QGURPH (³'(6´) DQG IRFDO VHJPHQWDO JORPHUXORVFOHURVLV (³)6*6´). :KLOH RWKHU VKDUHKROGHUV KDYH UHGXFHG WKHLU H[SRVXUH WR $XULQLD VLJQLILFDQWO\ RU H[LWHG HQWLUHO\ RYHU WKH SDVW VHYHUDO \HDUV, ,/-,1 KDV LQ IDFW SDUWLFLSDWHG LQ LQFUHPHQWDO RIIHULQJV E\ $XULQLD WR KHOS LW DFKLHYH LWV REMHFWLYHV DQG YRFORVSRULQ¶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¶V VKDUH SULFH KDV IDLOHG WR PRYH PDWHULDOO\ RYHU WKH SDVW WZR \HDUV. 1R VKDUHKROGHU KDV EHHQ PRUH FRPPLWWHG WR $XULQLD¶V VXFFHVV DQG VKRZQ PRUH SDWLHQFH ZLWK $XULQLD¶V ERDUG RI GLUHFWRUV DQG PDQDJHPHQW WKDQ ,/-,1. %XW HQRXJK LV HQRXJK. ,W LV DEXQGDQWO\ FOHDU WKDW $XULQLD VKDUHKROGHUV UHTXLUH D ERDUG RI GLUHFWRUV WKDW DOLJQV ZLWK VKDUHKROGHUV DQG WKDW FDQ JXLGH WKH FRPSDQ\ WRZDUG VXFFHVVIXO FRPPHUFLDOL]DWLRQ RI YRFORVSRULQ. )RU WKLV UHDVRQ, ,/-,1 KDV WDNHQ WKH VWHS RI QRPLQDWLQJ WKUHH (3) KLJKO\ TXDOLILHG DQG LQGHSHQGHQW GLUHFWRUV, ZKR ZLOO DFW LQ WKH LQWHUHVW RI DOO VKDUHKROGHUV WR UHDOL]H YRFORVSRULQ¶V IXOO SRWHQWLDO. 1RZ. )LQDOO\. $XULQLD¶V )XWXUH LV LQ <RXU +DQGV. ,Q RXU PRQWKV RI GLDORJXH ZLWK WKH $XULQLD ERDUG DQG PDQDJHPHQW DERXW WKH &RUSRUDWLRQ¶V FKDOOHQJHV, RXU PHVVDJH KDV UHPDLQHG FRQVWDQW. :H EHOLHYH WKDW $XULQLD UHTXLUHV, DQG LWV VKDUHKROGHUV GHVHUYH, D ERDUG RI GLUHFWRUV WKDW: •(PERGLHV FRUSRUDWH JRYHUQDQFH EHVW SUDFWLFHV, UDWKHU WKDQ IORXWLQJ WKHP. •$OLJQV ERDUG DQG H[HFXWLYH FRPSHQVDWLRQ DQG H[SHQVHV ZLWK VKDUHKROGHUV¶ LQWHUHVWV, UDWKHU WKDQ UHZDUGLQJ QRQ-SHUIRUPDQFH. •'HPRQVWUDWHV WUXH LQGHSHQGHQFH IURP RQH DQRWKHU DQG PDQDJHPHQW (FXUUHQW DQG IRUPHU), UDWKHU WKDQ ORRNLQJ RXW IRU HDFK RWKHU ILUVW. •6XSSRUWV DQG DFFHOHUDWHV WKH &RUSRUDWLRQ¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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¶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 IRU RSSRUWXQLWLHV IRU HIILFLHQF\ JDLQV. 2. 7KRURXJKO\ UHYLHZLQJ 5&' H[SHQVHV, LQFOXGLQJ $XULQLD¶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¶V FXUUHQW DQG IXWXUH DOWHUQDWLYH DSSOLFDWLRQV RI YRFORVSRULQ DQG WR PRYH PDUNHW SHUFHSWLRQ DZD\ IURP D ELQDU\ EHW RQ WKH VXFFHVV RI YRFORVSRULQ LQ WUHDWLQJ /1. :H KDYH QRWHG $XULQLD¶V UHFHQW OHWWHU WR VKDUHKROGHUV GLVLQJHQXRXVO\ LPSO\LQJ WKDW ,/-,1 LV LQWHQGLQJ WR WDNH ³HIIHFWLYH FRQWURO´ RI $XULQLD ZLWKRXW SD\LQJ $XULQLD¶V VKDUHKROGHUV D SUHPLXP. 1RWKLQJ FRXOG EH IXUWKHU IURP WKH WUXWK. :H KDG RULJLQDOO\ SURSRVHG IRXU (4) QRPLQHHV XQGHU $XULQLD¶V DGYDQFH QRWLFH E\ODZ WR SUHVHUYH RXU DELOLW\ WR EH UHVSRQVLYH WR $XULQLD¶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¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. ,/-,1 +$6 120,1$7(' 7+5(( (3) ,1'(3(1'(17 ',5(&7256 72 675(1*7+(1 7+( %2$5', 5(029( &21)/,&76 $1' *,9( $85,1,$ 6+$5(+2/'(56 &21752/ 2) 7+(,5 &203$1<

 - 3 - :H EHOLHYH WKH 3URSRVHG 1RPLQHHV KDYH WKH UHTXLUHG GLVFLSOLQH DQG VNLOO VHW WR WDNH $XULQLD WR WKH QH[W SKDVH RI LWV H[LVWHQFH DQG DUH FRQILGHQW WKDW \RX ZLOO FRPH WR WKH VDPH FRQFOXVLRQ. :H ZHOFRPH DOO 6KDUHKROGHUV WR MRLQ XV DQG YRWH IRU FKDQJH. :H ORRN IRUZDUG WR \RXU VXSSRUW. $XULQLD¶V IXWXUH LV LQ \RXU KDQGV. 6LQFHUHO\, (VLJQHG) ³Young-Hwa Kim´ &KLHI ([HFXWLYH 2IILFHU ,/-,1 617 &R., /WG. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 4 - :H DVN WKDW \RX FRQVLGHU WKH IROORZLQJ DV \RX WKLQN DERXW ZKHWKHU WR VXSSRUW RXU FDOO IRU FKDQJH: Inability to Realize Expectations – Stock price performance shows no signs of life 'XH WR WKH ODFN RI VWUDWHJLF RYHUVLJKW DQG JXLGDQFH E\ WKH FXUUHQW ERDUG RI GLUHFWRUV, WKH PDMRULW\ RI ZKRP DUH QRW WUXO\ LQGHSHQGHQW DQG WKHUHIRUH IUHH IURP DQ\ FRQIOLFWV WKDW ZRXOG LQWHUIHUH ZLWK WKHLU DELOLW\ WR UHSUHVHQW VKDUHKROGHUV¶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 3KDVH 3 FOLQLFDO WULDO, H[WHQGLQJ WKH SDWHQW SHULRG IRU YRFORVSRULQ IRU /1 DQG GHPRQVWUDWLQJ VXSHULRU HIILFDF\ WKURXJK WKH 3KDVH 2D VWXG\ LQ UHODWLRQ WR '(6. &OHDUO\ WKH FRUSRUDWH VWUDWHJ\ DQG WKH PDUNHW¶V SHUFHSWLRQ RI LW DUH QRW DOORZLQJ WKH VLJQLILFDQW XSVLGH DQG LQWULQVLF YDOXH WR PDQLIHVW LQ KLJKHU VKDUH SULFHV IRU WKH EHQHILW RI $XULQLD¶V VKDUHKROGHUV. 8QGHUSHUIRUPDQFH 5HODWLYH WR 3HHU *URXS 8VLQJ DQ DSSURSULDWH FRPSDUDWRU JURXS RI HDUO\-VWDJH SKDUPDFHXWLFDO FRPSDQLHV RI VLPLODU VL]H DQG VFRSH GHULYHG IURP $XULQLD¶V RZQ FRPSHQVDWLRQ SHHU JURXS WKDW LW XVHG IRU FRPSHQVDWLRQ EHQFKPDUNV IRU 2017 (WKH \HDU WKDW 'U. *OLFNPDQ UHFHLYHG SDUWLFXODUO\ HJUHJLRXV FRPSHQVDWLRQ LQ KLV FDSDFLW\ DV &(2), $XULQLD KDV VLJQLILFDQWO\ XQGHUSHUIRUPHG LWV SHHUV LQ WHUPV RI WRWDO VKDUHKROGHU UHWXUQ. :KLOH $XULQLD¶V FRPSDUDWRU JURXS GXULQJ WKDW SHULRG FRQVLVWHG RI 21 SXEOLF FRPSDQLHV, PDQ\ RI WKRVH FRPSDQLHV DUH VLJQLILFDQWO\ VPDOOHU WKDQ $XULQLD DQG QRW VXLWDEOH IRU FRPSDUDWLYH SXUSRVHV, SURPSWLQJ XV WR VHW D ORZ FDSLWDOL]DWLRQ WKUHVKROG IRU LQFOXVLRQ RI $300 PLOOLRQ. 5HODWLYH WR UHOHYDQW SHHUV, $XULQLD LV XQGHUSHUIRUPLQJ. $XULQLD 8QGHUSHUIRUPLQJ WKH 0HGLDQ RYHU 2QH DQG )LYH <HDU 3HULRGV 2QH-\HDU 7RWDO 6KDUHKROGHU 5HWXUQ (³765´) YV 3HHUV 6RXUFH: %ORRPEHUJ )LQDQFH /3 <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 7+( 5$7,21$/( )25 &+$1*( ± ,1$%,/,7< 72 5($/,=( (;3(&7$7,216

 - 5 - )LYH-\HDU 765 YV 3HHUV 6RXUFH: %ORRPEHUJ )LQDQFH /3 ,QDELOLW\ WR 5HDOL]H ([SHFWDWLRQV ± &RQWLQXHG )DLOXUH WR 0HHW 0DUNHW ([SHFWDWLRQV ,Q DGGLWLRQ WR $XULQLD¶V SRRU SHUIRUPDQFH UHODWLYH WR SHHUV, $XULQLD¶V SHUIRUPDQFH UHODWLYH WR FRQVHQVXV DQDO\VW H[SHFWDWLRQV DOVR KDV FRQVLVWHQWO\ GLVDSSRLQWHG. $V UHIOHFWHG EHORZ, ZKLOH WKH DQDO\VW FRPPXQLW\ UHFRJQL]HV WKH LQFUHDVLQJ SRWHQWLDO RI YRFORVSRULQ LQ WKH FRPPHUFLDO DSSOLFDWLRQV IRU ZKLFK LW LV EHLQJ GHYHORSHG, DV UHIOHFWHG LQ WKHLU LQFUHDVLQJ WDUJHW SULFH HVWLPDWHV, $XULQLD LV SHUSHWXDOO\ XQDEOH WR PHHW WKRVH H[SHFWDWLRQV. $13.3 $13.3 $12.00 $10.5 $10.0 $10.0 <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. $18.00 $15.5 $16.5 $16.00 $14.00 $11.5 $12.0 $12.0 $10.00 $8.0 $8.00 $6.00 $4.00 $2.00 $0.00 $XULQLD 6WRFN 3ULFH 0HGLDQ 7DUJHW 3ULFH IURP $QDO\VW &RYHUDJH

 - 6 - 1RWH: (1) 5HIOHFWV TXDUWHUO\ WDUJHW SULFH LQ &DQDGLDQ GROODUV LVVXHG E\ UHVSHFWLYH UHVHDUFK DQDO\VWV. Inability to Realize Future Expectations – Lack of Appropriate Strategy $V GLVFXVVHG DERYH, $XULQLD¶V VKDUH SULFH KDV IDLOHG WR UHIOHFW WKH SRVLWLYH GHYHORSPHQWV WR GDWH LQ $XULQLD¶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¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. %QXGTCIG 2016 2017 2018 2019 34 31 32 33 34 31 32 33 34 31 32 *.%. 9CKPYTKIJV & %Q. $8.00 $12.00 $10.00 $10.00 $12.00 $12.00 $12.00 $15.00 $15.00 $15.00 $25.00 %CPVQT (KV\IGTCNF $14.00 $14.00 $14.00 $16.00 $16.00 $18.00 $18.00 $24.00 $24.00 .GGTKPM %CRKVCN 2CTVPGTU $7.00 $11.00 $11.00 $11.00 $14.00 $14.00 $14.00 $17.00 $17.00 $17.00 $17.00 4$% $9.00 $9.00 $9.00 $9.00 $11.00 $11.00 $NQQO $WTVQP & %Q. $11.50 $11.50 $16.00 $16.00 4$% %CRKVCN /CTMGVU $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $10.00 $10.00 $10.00 %CPCEEQTF )GPWKV[ )TQWR +PE. $10.00 $10.00 $10.00 $10.00 $11.00 5GCRQTV )NQDCN 5GEWTKVKGU, ..% $10.00 /GFKCP $8.00 $10.50 $10.00 $10.00 $11.50 $12.00 $12.00 $13.25 $13.25 $15.50 $16.50 /KP $7.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $9.00 $10.00 $10.00 /CZ $10.00 $12.00 $14.00 $14.00 $14.00 $16.00 $16.00 $18.00 $18.00 $24.00 $25.00

 - 7 - $XULQLD ODFNV D ORQJ-WHUP VWUDWHJ\ DQG WKH DELOLW\ WR FRQYH\ WR WKH PDUNHW WKH XQGHUO\LQJ LQWULQVLF YDOXH RI WKH FRPSDQ\. $XULQLD QHHGV D ERDUG RI GLUHFWRUV UHDG\ WR WDNH FKDUJH DQG IRFXV WKHLU HIIRUWV RQ GHYHORSLQJ D FOHDU, XQGHUVWDQGDEOH DQG DFKLHYDEOH ORQJ-WHUP VWUDWHJ\ WKDW LQYHVWRUV DQG WKH PDUNHW FDQ YDOXH WKH FRPSDQ\ RII DQG SODFH UHOLDQFH RQ. Bloated executive compensation and option grants relative both to historical executive compensation and relevant peers :KLOH VKDUHKROGHUV FDQ H[SHFW WR SD\ IRU TXDOLW\ PDQDJHPHQW, WKH UDPSDQW HVFDODWLRQ LQ WRWDO FRPSHQVDWLRQ UHODWLYH WR $XULQLD¶V PLGGOLQJ VKDUH SULFH SHUIRUPDQFH LV KDUG WR UHFRQFLOH. <RX PLJKW EH VXUSULVHG WR UHDOL]H WKDW IURP LWV ILUVW IXOO \HDU IROORZLQJ WKH PHUJHU ZLWK ,VRWHFKQLND WKURXJK WR DQG LQFOXGLQJ 2018, WRWDO FRPSHQVDWLRQ SDLG WR WKH ILYH KLJKHVW SDLG H[HFXWLYH RIILFHUV JUHZ D WRWDO RI DSSUR[LPDWHO\ 23% WR RYHU $5.0 PLOOLRQ. $W WKDW OHYHO RI JURZWK UHODWLYH WR WKH PRGHVW JURZWK LQ VKDUH SULFH RYHU WKH VDPH SHULRG DQG WKH IDLOXUH WR DFKLHYH FRPPHUFLDOL]DWLRQ RI DQ\ RI $XULQLD¶V NH\ SURGXFWV, KRZ ODUJH PLJKW H[HFXWLYH FRPSHQVDWLRQ ULVH VKRXOG $XULQLD DFWXDOO\ DFKLHYH DQ\ RI LWV VWUDWHJLF REMHFWLYHV" 5HJUHWWDEO\ WKLV WUHQG RQO\ FRQWLQXHV XQGHU WKH FXUUHQW ERDUG RI GLUHFWRUV. :LWK WKH KLULQJ RI $XULQLD¶V QHZ &(2, EDVH VDODU\ IRU WKH &(2 KDV JRQH IURP 86$504,000 WR 86$650,000 (ZLWK D RQH-WLPH SRWHQWLDO FDVK ERQXV RI 86$250,000 LI 0U. *UHHQOHDI UHPDLQV HPSOR\HG E\ $XULQLD IRU D PHUH \HDU), ZLWK HTXLW\ FRPSHQVDWLRQ LQFUHDVLQJ IURP 1,050,000 WR 1,600,000 VWRFN RSWLRQV. 7KRVH UHSUHVHQW VLQJOH \HDU LQFUHDVHV RI QHDUO\ 30% RQ VDODU\ DQG RYHU 50% RQ HTXLW\ FRPSHQVDWLRQ. 1RWH: (1) 79% LQFOXGLQJ 0U. *UHHQOHDI¶V 86$250,000 ERQXV LI HPSOR\HG E\ $XULQLD IRU 12 PRQWKV. &RPSDUHG WR DQ DSSURSULDWH VXEVHW RI PDQDJHPHQW¶V VHOI-VHOHFWHG SHHU JURXS, $XULQLD¶V WRWDO FRPSHQVDWLRQ SDLG WR LWV WRS ILYH H[HFXWLYHV LV DQ H[WUHPH RXWOLHU, IXUWKHU UHIOHFWLQJ WKH IDLOXUH WR DOLJQ FRPSHQVDWLRQ ZLWK SD\ RU DGKHUH WR SD\ IRU SHUIRUPDQFH SULQFLSOHV. )RU WKH SXUSRVH RI WKLV DQDO\VLV, DQ DSSURSULDWH FRPSDUDWRU JURXS RI VLPLODU VL]H DQG VFRSH GHULYHG IURP $XULQLD¶V RZQ FRPSHQVDWLRQ SHHU JURXS XVHG IRU QDPHG H[HFXWLYH RIILFHU FRPSHQVDWLRQ EHQFKPDUNV IRU 2017 ZDV XVHG (EHLQJ WKH FRPSHQVDWLRQ \HDU WKDW 0U. *OLFNPDQ UHFHLYHG HJUHJLRXV FRPSHQVDWLRQ DV &(2). :KLOH $XULQLD¶V FRPSHQVDWLRQ SHHU JURXS IRU 2017 FRQVLVWHG RI 21 SXEOLF FRPSDQLHV, PDQ\ RI WKRVH FRPSDQLHV DUH VLJQLILFDQWO\ VPDOOHU WKDQ $XULQLD DQG QRW VXLWDEOH IRU FRPSDUDWLYH SXUSRVHV, SURPSWLQJ XV WR VHW D ORZ FDSLWDOL]DWLRQ WKUHVKROG IRU LQFOXVLRQ RI $300 PLOOLRQ. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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± 3225 *29(51$1&( 35$&7,&(6

 - 8 - 1RWH: (1) $XULQLD )<2018 GLVFORVHG WRWDO &(2 FRPSHQVDWLRQ LV DUWLILFLDOO\ GHSUHVVHG GXH WR WKH DQWLFLSDWHG UHWLUHPHQW RI 0U. *OLFNPDQ. ,QFRPLQJ LQGLFDWLYH FRPSHQVDWLRQ IRU 0U. 3HWHU *UHHQOHDI LV XVHG IRU DQ DSSURSULDWH FRPSDULVRQ ZKLFK LQFOXGHV D EDVH VDODU\ RI 86$650,000, VLJQLQJ ERQXV RI 86$250,000, D WDUJHW ERQXV RI 70% RI EDVH VDODU\, DQG 1,600,000 XQLWV RI LQLWLDO RSWLRQV YDOXHG DW DQ HVWLPDWHG &$2.8314 SHU VWRFN RSWLRQ XVLQJ $XULQLD¶V 2018 VWRFN RSWLRQ JUDQW YDOXDWLRQ IRU VXPPDU\ FRPSHQVDWLRQ WDEOH GLVFORVXUHV DV DQ HVWLPDWH. 7KH FXUUHQW ERDUG KDV DOORZHG H[HFXWLYH FRPSHQVDWLRQ WR FRQWLQXH WR FOLPE ZLWKRXW DSSURSULDWH SHUIRUPDQFH-EDVHG EUDNHV WR HQVXUH WKDW $XULQLD LV UHFHLYLQJ YDOXH IRU PRQH\. No Performance-Based Equity Compensation :KLOH FOLQLFDO WULDO VWDJH SKDUPDFHXWLFDO FRPSDQLHV SD\ D VLJQLILFDQW SURSRUWLRQ RI WKHLU H[HFXWLYH FRPSHQVDWLRQ LQ WKH IRUP RI HTXLW\ FRPSHQVDWLRQ LQ YLHZ RI WKH OLPLWHG UHYHQXHV ZLWK ZKLFK WR SD\ FDVK FRPSHQVDWLRQ, VKDUHKROGHUV GHVHUYH DQG UHTXLUH D PHDQLQJIXO FRQQHFWLRQ EHWZHHQ DOO RI WKH FKHDS VWRFN RSWLRQV EHLQJ JUDQWHG WR WKHP DQG WKH SHUIRUPDQFH RI $XULQLD XQGHU WKHLU ZDWFK. ,QGHHG, WKDW LV WKH DSSURDFK QRZ WDNHQ E\ D JURZLQJ QXPEHU RI SXEOLF FRPSDQLHV, LQFOXGLQJ PHPEHUV RI $XULQLD¶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¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 9 - No Clawback Policy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ssuance of Options to Non-Executive Directors ,W LV ERWK FRPPRQ SUDFWLFH DQG D PDWWHU RI JRRG JRYHUQDQFH WR OLPLW QRQ-H[HFXWLYH GLUHFWRU SDUWLFLSDWLRQ LQ VWRFN RSWLRQ SODQV JLYHQ WKH SRWHQWLDO IRU FRQIOLFW RI LQWHUHVW IRU WKRVH FKDUJHG ZLWK RYHUVHHLQJ QRW RQO\ D FRPSDQ\¶V FRPSHQVDWLRQ VFKHPH EXW DOVR LWV EURDGHU FRUSRUDWH JRYHUQDQFH SUDFWLFHV LI WKH\ DUH ERWK DUELWHU DQG EHQHILFLDU\ RI WKRVH VFKHPHV. $XULQLD¶V VWRFN RSWLRQ SODQ KDV QR VXFK OLPLWDWLRQV DQG SURYLGHV IRU HQWLUHO\ GLVFUHWLRQDU\ SDUWLFLSDWLRQ E\ QRQ-H[HFXWLYH GLUHFWRUV. 7KLV LV MXVW DQRWKHU H[DPSOH RI WKLV %RDUG RI 'LUHFWRUV IDLOLQJ WR WDNH WKH VWHSV QHFHVVDU\ WR HQVXUH HYHU\ERG\ IURP GLUHFWRUV WR H[HFXWLYH RIILFHUV LV SURSHUO\ FRPSHQVDWHG LQ DQ DFFRXQWDEOH DQG IDLU PDQQHU. ,V WKDW UHDOO\ VR PXFK WR DVN RI D %RDUG RI 'LUHFWRUV" Limited Use and Utility of External Compensation Advisors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¶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¶W E\ LWV QDWXUH EH OLNHO\ WR WRXFK RQ WKH EURDGHU VWUXFWXUDO FRPSRQHQWV RI H[HFXWLYH FRPSHQVDWLRQ, WKH W\SHV DQG WKUHVKROGV IRU SHUIRUPDQFH WDUJHWV DQG PLOHVWRQHV, WKH DSSURSULDWHQHVV RI WKH GLIIHUHQW FRPSRQHQWV DQG ZKHWKHU DOWHUQDWLYH FRPSHQVDWLRQ FRPSRQHQWV PLJKW EH PRUH VXLWDEOH. $V VXFK, $XULQLD DSSHDUV WR KDYH QHLWKHU DYDLOHG LWVHOI RI DSSURSULDWHO\ TXDOLILHG H[WHUQDO DVVLVWDQFH QRU PDQGDWHG DQ\ VXFK H[WHUQDO DGYLVRU WR WUXO\ WDNH D IUHVK ORRN DW LWV FRPSHQVDWLRQ DQG EULQJ $XULQLD¶V SROLFLHV LQWR DOLJQPHQW ZLWK EHVW SUDFWLFHV. ,/-,1¶V QRPLQHHV ZLOO EH ODVHU IRFXVHG RQ UHWDLQLQJ DSSURSULDWH H[SHUWLVH WR IDFLOLWDWH WKH UHVWUXFWXULQJ RI $XULQLD¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 10 - DSSURDFK WR H[HFXWLYH FRPSHQVDWLRQ WKURXJK DQ DGYLVRU\ VD\-RQ-SD\ YRWH, WKLV PXVW EH UHFRJQL]HG IRU ZKDW LW LV ± DQ DWWHPSWHG SURSK\ODFWLF YHQHHU DGRSWHG DW WKH ODVW PLQXWH E\ D ERDUG RI GLUHFWRUV WKDW NQHZ WKH\ ZRXOG EH XQGHU VLJQLILFDQW VFUXWLQ\ WKLV SUR[\ VHDVRQ, LQFOXGLQJ IURP ,/-,1. )LQDOO\ \RX FDQ FRPPXQLFDWH ZLWK $XULQLD¶V ERDUG RI GLUHFWRUV \RXU SHUVSHFWLYH RQ WKHLU SUREOHPDWLF SD\ SUDFWLFHV DQG XVKHU LQ D QHZ HUD RI H[HFXWLYH FRPSHQVDWLRQ VWUXFWXUH, RYHUVHHQ E\ D UHIUHVKHG ERDUG RI GLUHFWRUV. No Share Ownership Requirements for CEO, Named Executive Officers or directors, all of whom have minimal or no investment in Aurinia or risk associated with Aurinia’s success or failure $XULQLD KDV DGRSWHG QR SROLF\ ZLWK UHVSHFW WR RIILFHU RU GLUHFWRU VKDUH RZQHUVKLS QRWZLWKVWDQGLQJ WKH LPSRUWDQFH RI HQVXULQJ DOLJQPHQW EHWZHHQ WKH LQWHUHVWV RI RIILFHUV DQG GLUHFWRUV DQG WKRVH RI VKDUHKROGHUV. $V D UHVXOW RI WKH *RYHUQDQFH & 1RPLQDWLRQ &RPPLWWHH¶V IDLOXUH WR LPSOHPHQW VXFK SROLFLHV, $XULQLD LV LQ WKH XQWHQDEOH VLWXDWLRQ RI KDYLQJ RQO\ RQH (1) GLUHFWRU WKDW FXUUHQWO\ RZQ DQ\ RI $XULQLD¶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¶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¶V QRPLQHHV IRU HOHFWLRQ ZLOO HQVXUH D PRUH DSSURSULDWH JRYHUQDQFH VWUXFWXUH LV LPSOHPHQWHG, LQFOXGLQJ LQ UHODWLRQ WR WKH LQWURGXFWLRQ RI PHFKDQLVPV WR HQVXUH WKH DSSURSULDWH DOLJQPHQW EHWZHHQ WKH LQWHUHVWV RI GLUHFWRUV DQG VHQLRU RIILFHUV DQG WKRVH RI $XULQLD¶V VKDUHKROGHUV. ,W¶V DERXW WLPH WKRVH GLUHFWO\ UHVSRQVLEOH IRU FKDUWLQJ $XULQLD¶V SDWKZD\ WR VXFFHVV KDG VRPH VWDNH LQ WKH DFKLHYHPHQW RI LWV REMHFWLYHV. No Gender Diversity – Perpetuating the Old Boys’ Club 1RWZLWKVWDQGLQJ $XULQLD¶V UHFHQW FRPPLWPHQW WR UHIUHVK LWV ERDUG RI GLUHFWRUV, QRW RQO\ FRXOG WKH *RYHUQDQFH & 1RPLQDWLRQ &RPPLWWHH QRW UHFRPPHQG DQ\RQH WKDW GLGQ¶W KDYH D SULRU UHODWLRQVKLS ZLWK WKHLU IRUPHU &KDLUPDQ DQG &(2, EXW WKH\ HLWKHU FRXOGQ¶W RU GLGQ¶W WU\ WR LGHQWLI\ D TXDOLILHG IHPDOH FDQGLGDWH WR DGGUHVV $XULQLD¶V ZRHIXO JHQGHU GLYHUVLW\ UHFRUG. )RU WKH HQWLUHW\ RI $XULQLD¶V H[LVWHQFH WKH *RYHUQDQFH & 1RPLQDWLRQ &RPPLWWHH KDV EHHQ XQDEOH RU XQZLOOLQJ WR EULQJ IRUZDUG D VLQJOH IHPDOH FDQGLGDWH DV D GLUHFWRU RI WKH FRUSRUDWLRQ IRU WKH DSSURYDO RI VKDUHKROGHUV. ,W LV FRPSOHWHO\ XQDFFHSWDEOH IRU DQ HQWLW\ RI $XULQLD¶V VL]H DQG ZLWK LWV SXEOLF FRPSDQ\ KLVWRU\ QHYHU WR KDYH KDG D IHPDOH GLUHFWRU DQG UHSUHVHQWV \HW DQRWKHU IDLOLQJ RI WKH FRPPLWWHH FKDLUHG E\ 'U. 0LOQH, QRZ $XULQLD¶V &KDLUPDQ. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. )$,/85( RQ RWKHU *RYHUQDQFH 0DWWHUV

 - 11 - $OWKRXJK $XULQLD DGRSWHG D GLYHUVLW\ SROLF\ LQ UHVSHFW RI WKH LGHQWLILFDWLRQ DQG QRPLQDWLRQ RI IHPDOH GLUHFWRUV LQ 2015, WKH IDFW WKDW IRXU \HDUV ODWHU WKDW SROLF\ KDV IDLOHG WR LGHQWLI\ D VLQJOH FDQGLGDWH IRU HOHFWLRQ VWURQJO\ VXJJHVWV WKDW LW KDV EHHQ DGRSWHG SXUHO\ DV ZLQGRZ-GUHVVLQJ LQWHQGHG WR REVFXUH ZKDW UHPDLQV DQ ROG ER\V¶ FOXE RI 'U. *OLFNPDQ¶V FROOHDJXHV. 7KH GLYHUVLW\ SROLF\ LV VLPSO\ D PLUDJH WR SHUVXDGH WKH SUR[\ DGYLVRU\ ILUPV LQWR SURYLGLQJ SRVLWLYH YRWLQJ UHFRPPHQGDWLRQV DQG QRWKLQJ PRUH. ,Q FRQWUDVW, ,/-,1 KDV LGHQWLILHG DQ HPLQHQWO\ TXDOLILHG IHPDOH GLUHFWRU LQ 'U. <X, ZLWK \HDUV RI UHOHYDQW H[SHULHQFH DQG H[SHUWLVH WKDW ZLOO EH LPPHGLDWHO\ EHQHILFLDO WR WKH ERDUG RI GLUHFWRUV DQG XQHQFXPEHUHG E\ DQ\ FRQIOLFWLQJ OR\DOWLHV HLWKHU WR ,/-,1 RU $XULQLD¶V SULRU &KDLUPDQ DQG &(2. ,/-,1¶V FDQGLGDWHV DUH DOVR GHGLFDWHG WR WKH DGRSWLRQ RI LPSURYHG FRUSRUDWH JRYHUQDQFH SUDFWLFHV, LQFOXGLQJ LQ UHODWLRQ WR GLYHUVLW\. *HQGHU GLYHUVLW\ LVQ¶W D FDUG WR SOD\ RU D ER[ WR FKHFN. ,W UHIOHFWV D FRPPLWPHQW WR JRRG JRYHUQDQFH WKDW ,/-,1 WDNHV VHULRXVO\ DQG ZKLFK LWV QRPLQHHV ZLOO HQVXUH UHFHLYHV WKH DWWHQWLRQ LW GHVHUYHV. Serving on Too Many Boards – “Overboarding” 0U. *UHHQOHDI, $XULQLD¶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¶V KLVWRU\ DV ZH PRYH IURP FOLQLFDO WR FRPPHUFLDO. &DQ VKDUHKROGHUV H[SHFW D IXOO-WLPH FRPPLWPHQW IURP 0U. *UHHQOHDI WR $XULQLD¶V EXVLQHVV DQG DIIDLUV ZLWK WKH EDFNGURS RI LQHYLWDEO\ FRPSHWLQJ GHPDQGV IURP PXOWLSOH RWKHU SXEOLF FRPSDQ\ ERDUGV" 1R. %XW ZH VKRXOG GHPDQG LW. 6KDUHKROGHUV VKRXOG ULJKWO\ TXHVWLRQ ZK\ WKH ERDUG RI GLUHFWRUV KDV QRW LPSOHPHQWHG SROLFLHV WR PDQDJH ERDUG RYHUFRPPLWPHQWV. Prior Governance Failings ,QVXIILFLHQW *RYHUQDQFH ([SHUWLVH $V UHIOHFWHG LQ $XULQLD¶V SUHVV UHOHDVH RI -XO\ 12, 2017, $XULQLD¶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¶V PRVW UHFHQW GLVFORVXUH, $XULQLD SDLG 3Z& //& $302,092 LQ 2018, RI ZKLFK D PDMRULW\ LV UHODWHG WR QRQ-DXGLW IHHV. 0DMRU SUR[\ DGYLVRUV DQG LQVWLWXWLRQDO VKDUHKROGHUV KDYH ORQJ KDG SROLFLHV UHJDUGLQJ WKH SURSRUWLRQ RI DXGLW-UHODWHG IHHV YHUVXV QRQ-DXGLW UHODWHG IHHV. $SSURYDO RI VXFK IHHV E\ WKH LQFXPEHQW ERDUG¶V DXGLW FRPPLWWHH ZKHUH D PDMRULW\ LV QRQ-DXGLW IHHV LV DQRWKHU FOHDU LQGLFDWLRQ RI D ODFN RI XQGHUVWDQGLQJ RI EDVLF FRUSRUDWH JRYHUQDQFH VWDQGDUGV. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 12 - Management’s proposed board renewal reflects a failure of the Governance & Nomination Committee of which Dr. Milne was most recently the Chairman o $XULQLD¶V %RDUG 5HQHZDO 3URFHVV VHHNLQJ ³1HZ ([SHULHQFHV DQG 6NLOO 6HWV´ VRPHKRZ UHVXOWV LQ \HW DQRWKHU ORQJ-WLPH *OLFNPDQ DVVRFLDWH EHLQJ SURSRVHG IRU DSSRLQWPHQW )ROORZLQJ ZKDW ZDV SUHVXPDEO\ DQ H[KDXVWLYH DQG FRPSUHKHQVLYH VHDUFK IRU GLUHFWRUV WR EULQJ ³QHZ H[SHULHQFHV DQG VNLOO VHWV´, $XULQLD KDV LGHQWLILHG 0U. 5. +HFWRU 0DF.D\-'XQQ DV WKH EUHDWK RI IUHVK DLU WKDW VKRXOG UHDVVXUH VKDUHKROGHUV WKDW LW DSSUHFLDWHV WKH LPSRUWDQFH RI LQGHSHQGHQFH. :KLOH 0U. 0DF.D\-'XQQ¶V OLVW RI DFFRPSOLVKPHQWV DV D SDUWQHU ZLWK WKH ODZ ILUP RI )DUULV 9DXJKDQ, :LOOV & 0XUSK\ //3 DUH LPSUHVVLYH DQG KLV UHFRJQLWLRQ H[WHQVLYH, KLV QRPLQDWLRQ LV D VKRFNLQJ FRQILUPDWLRQ RI WKH JURXSWKLQN WKDW VR GRPLQDWHV WKH FXUUHQW ERDUG RI GLUHFWRUV RI $XULQLD. /LVWHQLQJ WR WKH VWHDG\ GUXPEHDW RI ,/-,1¶V FRQFHUQV ZLWK LQGHSHQGHQFH DQG SURSHU JRYHUQDQFH IRU PRQWKV, DQG LQ DQ HIIRUW SUHVXPDEO\ WR DQWLFLSDWH RXU VODWH RI DOWHUQDWLYH GLUHFWRUV DQG SUH-HPSW RXU QRZ SXEOLF DUWLFXODWLRQ RI WKRVH FRQFHUQV, $XULQLD KDV GRQH H[DFWO\ ZKDW LW DOZD\V KDV. ,W ORRNHG WR LWV IRUPHU &KDLUPDQ DQG &(2¶V FRQWDFW OLVW DQG GLDOHG WKH QXPEHU RI RQH RQ KLV ORQJ-WLPH IULHQGV DQG FROOHDJXHV. $QG VR LW JRHV. ,QGHSHQGHQFH EXULHG ZLWK D VWDNH WKURXJK LWV KHDUW. 7KLV LV ZKDW TXDOLILHV DV ERDUG UHIUHVKPHQW DW $XULQLD. $PRQJ RWKHU WKLQJV, 0U. 0DF.D\-'XQQ¶V UHODWLRQVKLS ZLWK 'U. *OLFNPDQ JRHV DOO WKH ZD\ EDFN WR DW OHDVW 2002 ZKHQ 0U. 0DF.D\-'XQQ DVVLVWHG ZLWK WKH LQFRUSRUDWLRQ RI $VSUHYD 3KDUPDFHXWLFDOV &RUS. (³$VSUHYD´), D FRUSRUDWLRQ ZKLFK 'U. *OLFNPDQ FR-IRXQGHG DQG WKURXJK ZKLFK WKH YDULRXV ZHE RI LQWHUFRQQHFWLRQV DPRQJ 0HVVUV. *OLFNPDQ, 0LOQH, +D\GHQ DQG RWKHUV IORZ. 7KHUHDIWHU, 0U. 0DF.D\-'XQQ ZRXOG VHUYH DV D GLUHFWRU DQG FRUSRUDWH VHFUHWDU\ RI $VSUHYD EHIRUH LW ZDV ILQDOO\ DFTXLUHG E\ *DOHQLFD *URXS LQ 2008. 8QVXUSULVLQJO\, \RX ZLOO KHDU WKH QDPH $VSUHYD D IDLU DPRXQW LQ WKH GLVFXVVLRQ WKDW IROORZV, DV LW¶V SURYHG D YHULWDEOH JROG PLQH IRU VRXUFLQJ $XULQLD¶V QRWLRQDOO\ LQGHSHQGHQW ERDUG RI GLUHFWRUV. $V LI ZRUNLQJ VR FORVHO\ RYHU D SHULRG RI \HDUV ZLWK 'U. *OLFNPDQ LQ UHODWLRQ WR $VSUHYD ZHUHQ¶W HQRXJK WR UDLVH GRXEWV DERXW KLV FRPSHWLQJ OR\DOWLHV, 0U. 0DF.D\-'XQQ DOVR KDSSHQHG WR UHSUHVHQW $XULQLD LWVHOI, DQRWKHU RI 'U. *OLFNPDQ¶V FRPSDQLHV, SULRU WR LWV PHUJHU ZLWK ,VRWHFKQLND LQ 2013. 6KRXOG \RX EH WHPSWHG, KRZHYHU, WR WKLQN WKHVH MXVW ROG UHODWLRQVKLSV WKH UHOHYDQFH RI ZKLFK KDV HURGHG ZLWK WKH SDVVDJH RI WLPH, LW¶V ZRUWK QRWLQJ WKDW ZKHQ $XULQLD ZRQ WKH ³&RPSDQ\ RI WKH <HDU´ DZDUG DW WKH 20WK $QQXDO /LIH6FLHQFHV %& DZDUGV GLQQHU RQ $SULO 19, 2018, LW ZDV 0U. 0DF.D\-'XQQ VWDQGLQJ RQ VWDJH SUHVHQWLQJ WKH DZDUG WR D EHDPLQJ 'U. *OLFNPDQ. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. )$,/85( RI WKH %RDUG WR 3URSHUO\ (QVXUH ,QGHSHQGHQFH

 - 13 - 6RXUFH: ZZZ.OLIHVFLHQFHVEF.FD/HYHQW/20WK-DQQXDO-DZDUGV-GLQQHU-SUHVHQWHG-E\-IDUULV/ 7KH ERDUG RI GLUHFWRUV VKRXOG VWRS SDWWLQJ LWVHOI RQ WKH EDFN RYHU LWV GLOLJHQW UHFUXLWPHQW DQG ERDUG VHOHFWLRQ SURFHVV. ,I SRVVLEOH, 0U. 0DF.D\-'XQQ¶V UHODWLRQVKLS ZLWK 'U. *OLFNPDQ LV HYHQ GHHSHU DQG ORQJHU ODVWLQJ WKDQ WKH QHWZRUN RI UHODWLRQVKLSV WKDW RWKHU ³LQGHSHQGHQW´ ERDUG PHPEHUV KDYH ZLWK 'U. *OLFNPDQ. (OHFWLQJ 0U. 0DF.D\-'XQQ ZLOO GR DEVROXWHO\ QRWKLQJ IRU WKH ERDUG RI GLUHFWRUV RI $XULQLD EXW HQWUHQFK WKH FR]\ FDGUH RI FROOHDJXHV IURP 'U. *OLFNPDQ¶V SDVW DQG UHLQIRUFH WKH OR\DOWLHV WKDW KDYH EHHQ UHVSRQVLEOH IRU WKH SRRU JRYHUQDQFH WKDW HSLWRPL]HV WKH FXUUHQW ERDUG RI GLUHFWRUV. o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¶V ORQJ-WLPH FROOHDJXHV WR WKH ERDUG, KH KDV RYHUVHHQ WKH UHSHDWHG UHIXVDO RI WKH ERDUG RI GLUHFWRUV WR HQJDJH LQ DQ\ PHDQLQJIXO ZD\ ZLWK LWV VLQJOH ODUJHVW DQG ORQJHVW KROGLQJ VKDUHKROGHU, WKH &RQFHUQHG 6KDUHKROGHU. 2YHU WKH FRXUVH RI WKH ODVW \HDU, ,/-,1 KDV PDGH QXPHURXV LQTXLULHV DQG DWWHPSWHG WR GLVFXVV D QXPEHU RI PDWWHUV FULWLFDO WR WKH SURSHU RYHUVLJKW RI $XULQLD DQG WKH PDQDJHPHQW RI LWV FRUSRUDWH UHVRXUFHV, LQFOXGLQJ: ƒ&RQFHUQV DERXW WKH HVFDODWLRQ RI RSHUDWLQJ H[SHQVHV ZLWKRXW MXVWLILFDWLRQ RU FOHDU DWWULEXWLRQ ƒ&RQFHUQV DERXW H[HFXWLYH FRPSHQVDWLRQ DQG HTXLW\ FRPSHQVDWLRQ, LQFOXGLQJ •7KH VHOHFWLRQ RI WKH DSSURSULDWH SHHU JURXS •7KH GLVFRQQHFW EHWZHHQ VKDUH SULFH SHUIRUPDQFH DQG H[HFXWLYH FRPSHQVDWLRQ •$Q XQZLOOLQJQHVV RU LQDELOLW\ WR MXVWLI\ WKH DSSURDFK WR H[HFXWLYH FRPSHQVDWLRQ ƒ&RQFHUQV DERXW ERDUG JRYHUQDQFH DQG SURFHGXUH JHQHUDOO\ :KLOH SURYLGLQJ VRIW FRPIRUW WKDW GLDORJXH ZRXOG EH IRUWKFRPLQJ DQG FROODERUDWLRQ ZLWK ,/-,1 ZRXOG XOWLPDWHO\ UHVXOW, GLVFXVVLRQV QHYHU PHDVXUDEO\ SURJUHVVHG DQG QR VHULRXV HIIRUWV ZHUH PDGH WR DOOD\ ,/-,1¶V FRQFHUQV. :KLOH ,/-,1 KDV EHHQ DQ LQFUHGLEO\ SDWLHQW VKDUHKROGHU, WKH ODFN RI UHVSHFW IRU LWV FRQFHUQV DQG XQZLOOLQJQHVV WR HQJDJH KDV OHIW ,/-,1 ZLWK QR RWKHU FKRLFH EXW WR WDNH LWV FRQFHUQV WR WKH RWKHU VKDUHKROGHUV DQG DWWHPSW WR LQWURGXFH FKDQJH WKURXJK LWV QRPLQHHV. :KDW KDV EHFRPH FOHDU WR ,/-,1 GXULQJ WKH FRXUVH RI WKH SUHFHGLQJ \HDU LV WKDW WKH H[LVWLQJ *RYHUQDQFH & 1RPLQDWLRQ &RPPLWWHH KHDGHG E\ 'U. 0LOQH (DQG QRZ DV &KDLUPDQ RI <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 14 - WKH %RDUG) ZDV RQO\ SUHSDUHG WR PDNH WRNHQ JHVWXUHV. 7RNHQ JHVWXUHV FDQQRW HIIHFW WKH FKDQJHV QHFHVVDU\ WR UHVHW WKH JRYHUQDQFH EDODQFH DW $XULQLD WKDW LV VR VRUHO\ QHHGHG. 0U. 0DF.D\-'XQQ¶V QRPLQDWLRQ LV MXVW WKH ODWHVW H[DPSOH RI WKH VRUW RI KDOI-PHDVXUHV ZKLFK FKDUDFWHUL]H WKLV ERDUG RI GLUHFWRU¶V HIIRUWV WRZDUGV LPSURYHPHQW. Plain and simple, this is not an independent board. It is the Former Chairman’s legacy of relationships 7KH FKDUW EHORZ LOOXVWUDWHV WKH ZHE RI LQWHUFRQQHFWHG UHODWLRQVKLSV EHWZHHQ HDFK RI WKH FXUUHQW ERDUG PHPEHUV (H[FOXGLQJ ,/-,1¶V UHSUHVHQWDWLYH, 'U. -RRQ /HH) ZKLFK FDOOV LQWR TXHVWLRQ DQ\ H[SHFWDWLRQ RI LQGHSHQGHQFH. 5DWKHU, LW VSHDNV WR D FROOHFWLYH ERUQH RXW RI ORQJVWDQGLQJ DQG KLVWRULFDO UHODWLRQVKLSV FHQWUHG DURXQG $XULQLD¶V IRXQGHU DQG IRUPHU &KDLUPDQ DQG &KLHI ([HFXWLYH 2IILFHU 'U. 5LFKDUG *OLFNPDQ. :LWK WKH QRPLQDWLRQ RI 0U. 0DF.D\-'XQQ DV D SURSRVHG QHZ ³LQGHSHQGHQW´ ERDUG PHPEHU, WKH ZHE RQO\ H[WHQGV WR EHFRPH PRUH WURXEOHVRPH DQG VDFULILFH WKH YHU\ WKRXJKW RI JRRG JRYHUQDQFH DW WKH DOWHU RI $XULQLD¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 15 - 1RQH RI WKH &RQFHUQHG 6KDUHKROGHU¶V SURSRVHG QRPLQHHV KDV DQ\ SULRU UHODWLRQVKLS ZLWK DQ\ RI WKH FXUUHQW PHPEHUV RI WKH %RDUG RI 'LUHFWRUV. 1RU GR DQ\ RI WKH &RQFHUQHG 6KDUHKROGHU¶V QRPLQHHV KDYH DQ\ SULRU UHODWLRQVKLS ZLWK HDFK RWKHU. 2XU QRPLQHHV DUH VLPSO\ TXDOLILHG, FRPSHWHQW DQG SURIHVVLRQDO DQG SUHSDUHG WR EULQJ WKHLU FRQVLGHUDEOH H[SHUWLVH DQG LQGHSHQGHQW MXGJPHQW WR EHDU RQ PDWWHUV RI PDWHULDO LPSRUWDQFH WR $XULQLD. 6XFK LQGHSHQGHQFH LV DEVROXWHO\ FULWLFDO LQ YLHZ RI WKH KLVWRULFDO SRRU JRYHUQDQFH SUDFWLFHV RI WKH FXUUHQW %RDUG RI 'LUHFWRUV, SDUWLFXODUO\ VR DW WKLV YHU\ LPSRUWDQW MXQFWXUH LQ $XULQLD¶V GHYHORSPHQW, DV LW WUDQVLWLRQV IURP D FOLQLFDO VWDJH WR FRPPHUFLDO VWDJH SKDUPDFHXWLFDO FRPSDQ\. The Revolving Door of Chief Executive Officers…but only one Chairman 6L[. 6L[ KDSSHQV WR EH D YHU\ LPSRUWDQW QXPEHU LQ $XULQLD¶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¶V UHLJQ DV &KDLUPDQ. 5HJDUGOHVV RI WKH VWDJH RI $XULQLD¶V JURZWK, LWV VXFFHVV LQ DFKLHYLQJ REMHFWLYHV RU LWV PDVVLYH SRWHQWLDO, &(2V XQGHU 'U. *OLFNPDQ DQG KLV ERDUG GRQ¶W VWLFN DURXQG. 7KLV UHYROYLQJ GRRU KDV WR VWRS PRYLQJ. :KLOH 'U. *OLFNPDQ LV QRZ UHWLUHG DQG RVWHQVLEO\ QR ORQJHU LQIOXHQFLQJ VWUDWHJLF GLUHFWLRQ DQG WKH VXFFHVV RI LWV FXUUHQW &(2, E\ YLUWXH RI WKH FRQWLQXDWLRQ LQ WKHLU UROHV WKH FORVH ZHE RI 'U. *OLFNPDQ¶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¶V ERDUG KDV IDLOHG LQ UHFUXLWPHQW RI DSSURSULDWH &(2V, KDYLQJ SURSHU VXFFHVVLRQ SODQQLQJ, DQG KDV SUDFWLFHG SD\LQJ IRU IDLOXUH WKURXJK JROGHQ KHOORV DQG JRRGE\HV WR WKH EHQHILW RI LQVLGHU &(2V. )RU LQVWDQFH, VLQFH 2013 (H[FOXGLQJ WKH H[WUHPHO\ EULHI WHQXUHV RI 'U. )RVWHU DQG 'U. *OLFNPDQ RQ DQ LQWHULP EDVLV), $XULQLD KDV ERUQH VHYHUDQFH DQG VLJQ-RQ FRVWV DV IROORZV: <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 16 - 1RWH: (1) 9DOXH RI RSWLRQ JUDQW IRU 3HWHU *UHHQOHDI EDVHG RQ 1,600,000 LQLWLDO RSWLRQV YDOXHG DW DQ HVWLPDWHG &$2.8314 SHU VWRFN RSWLRQ XVLQJ $XULQLD¶V 2018 VWRFN RSWLRQ JUDQW YDOXDWLRQ IRU VXPPDU\ FRPSHQVDWLRQ WDEOH GLVFORVXUHV DV DQ HVWLPDWH. Explosive Growth in Expenses Year over Year and Relative to Peer Group ,/-,1 KDV EHHQ D VKDUHKROGHU RI $XULQLD IRU ORQJHU WKDQ DQ\RQH, KDYLQJ EHHQ DVVRFLDWHG ZLWK $XULQLD DQG LWV SUHGHFHVVRU VLQFH ,/-,1 EHFDPH LQWULJXHG E\ WKH SRWHQWLDO RI YRFORVSRULQ LQ 2010. :KLOH ZH DSSUHFLDWH WKH YHU\ FRQVLGHUDEOH WLPH DQG H[SHQVH DVVRFLDWHG ZLWK UHVHDUFK DQG GHYHORSPHQW LQ WKH SKDUPDFHXWLFDO VSDFH DQG KDYH UHPDLQHG D OR\DO VKDUHKROGHU WKURXJKRXW $XULQLD¶V GHYHORSPHQW QRWZLWKVWDQGLQJ WKRVH VLJQLILFDQW H[SHQVHV, RYHU WKH ODVW QXPEHU RI \HDUV ZH KDYH EHFRPH LQFUHDVLQJO\ FRQFHUQHG ZLWK WKH UDSLG DQG VLJQLILFDQW HVFDODWLRQ LQ WKRVH H[SHQVHV, ERWK RQ D VWDQGDORQH EDVLV DQG UHODWLYH WR $XULQLD¶V SHHUV. )RU LQVWDQFH, IURP 2016 WR 2018, DQQXDO UHVHDUFK DQG GHYHORSPHQW (5&') H[SHQVHV LQFUHDVHG IURP $14.5 PLOOLRQ WR $41.4 PLOOLRQ (RU DQ LQFUHDVH RI 185%). 7KH OLRQ¶V VKDUH RI WKH IRUHJRLQJ H[SHQVHV UHODWH WR FRQWUDFW UHVHDUFK RUJDQL]DWLRQV DQG WKLUG SDUW\ FOLQLFDO WULDO H[SHQVHV DQG FDQ EH H[SHFWHG WR YDU\ GHSHQGLQJ RQ WKH VL]H DQG VFRSH RI WKH FOLQLFDO WULDOV EHLQJ FRQGXFWHG. +RZHYHU, LVRODWLQJ WKRVH H[SHQVHV DQG DGMXVWLQJ IRU WKH QXPEHU RI SDWLHQWV LQYROYHG LQ WKH FOLQLFDO WULDOV DQG WKH VSHFLILF FOLQLFDO WULDOV EHLQJ FRQGXFWHG UHYHDOV WKDW HYHQ RQ DGMXVWHG EDVLV WKH H[SHQGLWXUHV SHU SDWLHQW KDYH JURZQ E\ 34% RYHU WKDW VDPH SHULRG. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 17 - /HDYLQJ DVLGH WKH 5&' H[SHQVH JURZWK, D VLPLODU SDWWHUQ HPHUJHV LQ UHODWLRQ WR JHQHUDO DQG DGPLQLVWUDWLYH H[SHQVHV (*&$) DV ZHOO. )URP 2016 WR 2018 $XULQLD¶V 6*&$ H[SHQVH JURZWK KDV EHHQ DPRQJ WKH KLJKHVW, RQ D UHODWLYH EDVLV DQG FRPSDUHG WR D UHOHYDQW SHHU JURXS. ,Q UHYLHZLQJ WKH EHORZ, LW LV LPSRUWDQW WR QRWH WKDW ZKLOH 5LJHO 3KDUPDFHXWLFDOV ,QF.¶V 6*&$ H[SHQVH JURZWK KDV EHHQ JUHDWHU E\ D ODUJH PDUJLQ DV FRPSDUHG WR $XULQLD, LW LV DOVR D UHYHQXH-SURGXFLQJ FRPSDQ\, XQOLNH $XULQLD, OLPLWLQJ LWV UHOHYDQFH. 6RXUFH: %ORRPEHUJ )LQDQFH /3 7KH &RQFHUQHG 6KDUHKROGHU¶V QRPLQHHV KDYH WKH FRPSOHPHQWDU\ WHFKQLFDO DQG VFLHQWLILF H[SHUWLVH, PDQDJHPHQW H[SHULHQFH, LQWHUQDWLRQDO WUDQVDFWLRQDO H[SHUWLVH DQG WUDFN UHFRUG RI VXFFHVV WR SRVLWLRQ $XULQLD IRU WKH QH[W SKDVH RI LWV GHYHORSPHQW. 7DNLQJ $XULQLD IURP FOLQLFDO WR FRPPHUFLDO ZLOO WDNH WKH FRPELQHG HIIRUWV RI DQ DSSURSULDWHO\ TXDOLILHG DQG UHRULHQWHG ERDUG GLVFKDUJLQJ LWV GXWLHV WR WKH KLJKHVW JRYHUQDQFH VWDQGDUGV DQG ZLWK D VKDUHG LQWHUHVW LQ JUHDWHU YDOXH IRU VKDUHKROGHUV, SORWWLQJ WKH FRXUVH IRU $XULQLD¶V PDQDJHPHQW WHDP WR IROORZ. $V UHIOHFWHG LQ WKH WDEOH EHORZ, D UHWRROHG ERDUG LQFOXGLQJ WKH &RQFHUQHG 6KDUHKROGHU¶V QRPLQHHV LV WKH ULJKW ERDUG IRU WKH MRE. $ PRUH FRPSOHWH GHVFULSWLRQ RI WKH &RQFHUQHG 6KDUHKROGHU¶V QRPLQHHV FDQ EH IRXQG LQ WKH SUR[\ FLUFXODU DFFRPSDQ\LQJ WKLV OHWWHU XQGHU WKH KHDGLQJ ³0DWWHUV WR EH $FWHG 8SRQ DW WKH 0HHWLQJ ± (OHFWLRQ RI 'LUHFWRUV´ DQG RQ RXU ZHEVLWH DW ZZZ.D+HDOWKLHU$XULQLD.FRP. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. $66(0%/,1* $ %2$5' &$3$%/( 2) 7$.,1* 7+( 1(;7 67(3 ± $85,1,$¶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

 - 18 - 'U. 5REHUW )RVWHU9 •3ULPDULO\ UHVSRQVLEOH IRU GLVFRYHU\ RI YRFORVSRULQ, WKH NH\VWRQH GUXJ IRU $XULQLD¶V HQWLUH EXVLQHVV •'LVFRYHU\, GHYHORSPHQW DQG FRPPHUFLDOL]DWLRQ RI SKDUPDFHXWLFDOV •&RUSRUDWH WUDQVDFWLRQDO H[SHULHQFH •3URYHQ OHDGHUVKLS DV SULRU &(2 RI D QXPEHU RI FRPSDQLHV •)DPLOLDULW\ ZLWK $XULQLD DQG LWV FRUH GUXJ •([SHULHQFH DV D SXEOLF FRPSDQ\ GLUHFWRU DQG WKH JRYHUQDQFH DQG DFFRXQWDELOLW\ H[SHFWDWLRQV 0U. 6RRQ-<XE (6DPXHO)9 •2YHU 30 \HDUV RI LQWHUQDWLRQDO OHJDO H[SHULHQFH .ZRQ•6LJQLILFDQW KHDOWKFDUH H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ LQ DGYLVLQJ DQG DFWLQJ DV FRXQVHO IRU WUDQVDFWLRQV •8QGHUVWDQGLQJ DQG H[SHULHQFH RI D EURDG UDQJH RI WUDQVDFWLRQDO DQG UHJXODWRU\ PDWWHUV, LQFOXGLQJ LQ WKH KHDOWKFDUH VSDFH •([SHULHQFH ZLWK WKH FRPPHUFLDOL]DWLRQ RI FHUWDLQ SKDUPDFRORJLFDO SURGXFWV •)DPLOLDULW\ ZLWK &DQDGLDQ, 8QLWHG 6WDWHV DQG LQWHUQDWLRQDO PDUNHWV DQG WUDGH DFFHVV WKURXJK ELODWHUDO DQG PXOWLODWHUDO QHJRWLDWLRQV DQG JRYHUQPHQW SURFXUHPHQW SUDFWLFHV 'U. 0\HRQJ-+HH <X 9 •2YHU 30 \HDUV RI ELRWHFKQRORJ\ H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ •([SHULHQFH LQ JRYHUQDQFH RI RUJDQL]DWLRQV DQG FRPSDQLHV LQ ERWK WKH SULYDWH DQG SXEOLF VHFWRU •/RQJ-VWDQGLQJ LQYROYHPHQW LQ JRYHUQPHQWDO UHODWLRQV, SROLF\ GHYHORSPHQW DQG FRRSHUDWLYHV ZLWK LQWHUQDWLRQDO RUJDQL]DWLRQV •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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 'LUHFWRU 1RPLQHH,QGHSHQGHQFH ([SHUWLVH

 - 19 - 5. 5HYLHZ WKH DXGLW IHHV DQG UHODWLRQVKLS ZLWK WKH DXGLWRUV WR HQVXUH WKH QRQ-DXGLW IHHV DUH PDLQWDLQHG DW DQ DSSURSULDWH OHYHO. 6. (VWDEOLVK DQ HIIHFWLYH ERDUG UHIUHVKPHQW SROLF\ WR HQVXUH WKDW WKH QHZ QRPLQHHV DUH WUXO\ LQGHSHQGHQW. 7. 5HYLVLW $XULQLD¶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 IRU RSSRUWXQLWLHV IRU HIILFLHQF\ JDLQV. 2. 7KRURXJKO\ UHYLHZLQJ 5&' H[SHQVHV, LQFOXGLQJ $XULQLD¶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¶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¶V DGYDQFH QRWLFH E\ODZ ZDV LQ IDFW 0D\ 27, 2019 DW 5:00SP (Mountain WLPH), EXW ZH ZDQWHG WR JLYH $XULQLD LQFUHPHQWDO WLPH WR FRQVLGHU RXU QRPLQHHV DQG SHUKDSV UHDFK RXW WR GLVFXVV WKH SRVVLELOLW\ RI VHWWOLQJ RQ D PXWXDOO\ DJUHHDEOH VODWH RI GLUHFWRUV WKDW ZRXOG DGGUHVV WKH P\ULDG FRQFHUQV UDLVHG LQ WKLV FLUFXODU ZLWKRXW WKH QHHG IRU XQQHFHVVDU\ WLPH DQG H[SHQVH IRU XV RU $XULQLD RFFDVLRQHG E\ OHWWLQJ D SUR[\ EDWWOH UXQ LWV IXOO FRXUVH. :H KDYH EHHQ D ORQJVWDQGLQJ KROGHU RI $XULQLD¶V VWRFN DQG LQWHQG RQ FRQWLQXLQJ WR EH D KROGHU IRU WKH IRUHVHHDEOH IXWXUH, VR SUHVHUYLQJ DQ DPLFDEOH UHODWLRQVKLS ZKLOH DGGUHVVLQJ RXU FRQFHUQV ZDV DV PXFK LQ RXU LQWHUHVW DV $XULQLD¶V. 1RQHWKHOHVV, DQG WR RXU JUHDW GLVDSSRLQWPHQW, ZH UHFHLYHG QR FRQWDFW ZKDWVRHYHU IURP $XULQLD. $V LW WXUQV RXW, $XULQLD ZDV EXV\ RYHU WKH ZHHNHQG. 1RW EXV\ WU\LQJ WR QHJRWLDWH D UHDVRQDEOH FRPSURPLVH, EXW UDWKHU SDVVLQJ DORQJ WKH VXEVWDQFH RI RXU DGYDQFH QRWLFH VXEPLVVLRQ WR QRQH RWKHU WKDQ $XULQLD¶V IRUPHU &KDLUPDQ DQG &KLHI ([HFXWLYH 2IILFHU, 'U. 5LFKDUG *OLFNPDQ. 'U. *OLFNPDQ WKHQ IHOW LW DSSURSULDWH WR DFW RQ WKLV FRQILGHQWLDO LQIRUPDWLRQ E\ FRQWDFWLQJ RQH RI RXU QRPLQHHV DQG WKH FUHDWRU RI WKH YHU\ GUXJ WKDW $XULQLD¶V H[LVWHQFH DQG IXWXUH SURVSHFWV GHSHQG XSRQ, 'U. )RVWHU, WR EHUDWH IRU DJUHHLQJ WR VWDQG IRU HOHFWLRQ. ,I \RX QHHGHG FRQILUPDWLRQ DV WR WKH SDWULDUFK WR ZKRP WKLV ERDUG RI GLUHFWRUV UHPDLQV EHKROGHQ, \RX QHHG ORRN QR IXUWKHU. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. $85,1,$¶6 5($&7,21 72 285 352326(' 120,1((6 ± 0$.,1* 285 &$6( )25 (175(1&+0(17 $1' /$&. 2) ,1'(3(1'(1&(

 - 20 - 5HWLUHG DQG UHSODFHG ERWK DV &KDLUPDQ DQG &KLHI ([HFXWLYH 2IILFHU RQ $SULO 29, 2019 DQG ZLWK RQO\ DQ DGYLVRU\ UROH WR FRQQHFW KLP WR $XULQLD, $XULQLD QRQHWKHOHVV VRXJKW RXW 'U. *OLFNPDQ LQ LWV PRPHQW RI QHHG. $QG ER\ GLG 'U. *OLFNPDQ VWHS XS WR WKH SODWH DQG WDNH D ELJ VZLQJ DW RXU QRPLQHH RQ WKHLU EHKDOI. 2Q UHFHLSW RI RXU DGYDQFH QRWLFH: •'LG WKH ERDUG RI GLUHFWRUV VWUDWHJL]H RQ KRZ WR VDYH $XULQLD WLPH DQG PRQH\ DQG DGGUHVV WKHLU JRYHUQDQFH VKRUWFRPLQJV" 1R •'LG WKH ERDUG RI GLUHFWRUV UHDFK RXW WR XV WR FRPPHQFH D GLDORJXH LQ VHDUFK RI D FRPSURPLVH" 1R •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¶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¶W UHVSRQGHG; UHIOHFWLQJ ERWK WKHLU RZQ OLPLWHG VHOI-UHVSHFW DQG OR\DOW\ WR 'U. *OLFNPDQ DQG WKHLU ODFN RI UHVSHFW IRU DOO RI XV DV VKDUHKROGHUV. $QG VR, KHUH ZH DUH. 6WLOO ORRNLQJ IRU D ZD\ WR ILQDOO\ EUHDN WKH FKDLQV WKDW ELQG WKLV ERDUG RI GLUHFWRUV WR 'U. *OLFNPDQ. 6WLOO ORRNLQJ IRU D ZD\ WR LPSURYH FRUSRUDWH JRYHUQDQFH VWDQGDUGV DQG UHVWUXFWXUH H[HFXWLYH FRPSHQVDWLRQ, UHGLUHFW WKH ERDUG¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. $ :25' $%287 '5. +<(8. -221 /(( - :+< $5( :( 5(&200(1',1* $ 927( $*$,167 285 &855(17 5(35(6(17$7,9( 21 7+( %2$5' 2) ',5(&7256

 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¶V JRYHUQDQFH SUDFWLFHV, LQFOXGLQJ WKH FRQVLGHUDWLRQ DQG VHOHFWLRQ RI QRPLQHHV IRU WKH ERDUG RI GLUHFWRUV. $V VXFK, 'U. /HH LV LQ SDUW WR EODPH IRU WKH LQFHVWXRXV FRPSRVLWLRQ RI $XULQLD¶V ERDUG DQG LWV ZHE RI UHODWLRQVKLSV ZKLFK DOO XOWLPDWHO\ OHDG WR 'U. *OLFNPDQ, DV ZHOO DV WKH IDLOXUH WR PDQDJH D UREXVW ERDUG UHMXYHQDWLRQ SURFHVV WKDW ZRXOG LQWURGXFH WUXH LQGHSHQGHQFH DQG PRUH ULJRURXV JRYHUQDQFH SUDFWLFHV WR WKH ERDUG RI GLUHFWRUV. ,Q OLJKW RI VXFK FRQVLGHUDWLRQV, DQG RXU JHQHUDO LQWHUHVW LQ UHIUHVKLQJ RXU QRPLQHH JLYHQ 'U. /HH¶V ORQJ VHUYLFH RQ WKH ERDUG RI GLUHFWRUV, GXULQJ RXU GLVFXVVLRQV ZLWK $XULQLD OHDGLQJ XS WKH DQQXDO JHQHUDO PHHWLQJ ZH LQGLFDWHG RXU LQWHUHVW LQ DSSRLQWLQJ DQRWKHU UHSUHVHQWDWLYH RI ,/-,1 LQ SODFH RI 'U. /HH. 8OWLPDWHO\ QRQH RI WKRVH GLVFXVVLRQV ZHUH IUXLWIXO DQG $XULQLD ZRXOG QRW DOORZ XV WR VXEVWLWXWH DQRWKHU TXDOLILHG QRPLQHH IRU 'U. /HH. 7R WKLV GDWH ZH DUH FRQIXVHG DV WR $XULQLD¶V PRWLYDWLRQV IRU VXFK UHIXVDO, EXW WKH SUR[\ SURFHVV WKDW ZH KDYH FRPPHQFHG RQ \RXU EHKDOI DIIRUGV XV WKH RSSRUWXQLW\ WR HIIHFW WKDW UHSODFHPHQW PRUH IRUPDOO\ DQG ZLWK VKDUHKROGHU DSSURYDO LQ DQ\ HYHQW. :H DUH DSSUHFLDWLYH RI 'U. /HH¶V GHGLFDWHG VHUYLFH WR $XULQLD DQG LWV VKDUHKROGHUV IRU WKH ODVW IRXU \HDUV DQG H[SHFW WKDW 0U. .ZRQ, DV RXU UHSUHVHQWDWLYH RQ WKH DOWHUQDWLYH VODWH RI GLUHFWRUV WKDW ZH KDYH SURSRVHG, ZLOO EH D JUHDW VWHZDUG RI \RXU FRPSDQ\ DEOH WR EHWWHU HIIHFW WKH H[HUFLVH RI SUXGHQW LQGHSHQGHQW MXGJPHQW IRU ZKLFK 'U. /HH ZDV RULJLQDOO\ VHOHFWHG. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. :( 1((' <285 927(6 ± $85,1,$¶6 )8785( ,6 ,1 <285 +$1'6

 - 22 - )L[ WKH QXPEHU RI GLUHFWRUV DW HLJKW 5H-DSSRLQW 3ULFHZDWHUKRXVH&RRSHUV //3 DV $XGLWRUV DQG DXWKRUL]H $XULQLD¶V DXGLW FRPPLWWHH WR IL[ WKH $XGLWRUV¶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¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV KHOG RQ -XQH 26, 2019. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 7+( &21&(51(' 6+$5(+2/'(5 5(&200(1'6 7+$7 6+$5(+2/'(56: ',65(*$5' $1< 352;< 0$7(5,$/6 5(&(,9(' )520 0$1$*(0(17 $1' '2 127 927( )25 $1< 2) 7+(,5 120,1((6 ,) <28 $5( $ %(1(),&,$/ 6+$5(+2/'(5 $1' 5(&(,9( $ 927,1* ,16758&7,21 )250 25 27+(5 )250 2) 352;< )520 $1 ,17(50(',$5<, 7+( &21&(51(' 6+$5(+2/'(5 5(&200(1'6 7+$7 <28 927( ,1 7+( 0$11(5 ,1',&$7(' $%29(. 5(&200(1'$7,21 72 $85,1,$ 6+$5(+2/'(56 9RWH UHFRPPHQGDWLRQ9RWLQJ PDWWHU

 &21&(51(' 6+$5(+2/'(5¶6 352;< &,5&8/$5 )25 7+( 62/,&,7$7,21 2) 352;,(6 %< $1' 21 %(+$/) 2) ,/-,1 617 &R., /WG. )25 7+( $118$/ *(1(5$/ 0((7,1* 2) 6+$5(+2/'(56 2) $85,1,$ 3+$50$&(87,&$/6 ,1&. 72 %( +(/' 21 :('1(6'$<, -81( 26, 2019 <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 ( L ) 48(67,216 $1' $16:(56 )25 6+$5(+2/'(56 The following Questions and Answers are intended to address some of the key aspects of the Meeting (as defined in this Circular). This section is a summary only and is qualified in its entirety by the more detailed information contained elsewhere in this Circular (as defined in this Circular). Capitalized terms which are not defined in this Questions and Answers section have the meaning given to them elsewhere in this Circular. Shareholders are urged to read this Circular in its entirety. 4: :+$7 ,6 7+( 385326( 2) 7+( 0((7,1*" $W WKH 0HHWLQJ, \RX ZLOO EH YRWLQJ RQ, DPRQJ RWKHU WKLQJV, WKH HOHFWLRQ RI WKUHH (3) QHZ, LQGHSHQGHQW ERDUG PHPEHUV WKDW DUH FRPPLWWHG WR LQFUHDVLQJ WKH YDOXH RI \RXU LQYHVWPHQW LQ $XULQLD (DV GHILQHG LQ WKLV &LUFXODU). 7KH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV (DV GHILQHG LQ WKLV &LUFXODU) KDYH EHHQ VHOHFWHG EHFDXVH RI WKHLU FRQVLGHUDEOH H[SHUWLVH DQG H[SHULHQFH UHOHYDQW WR H[HFXWLQJ $XULQLD¶V ORQJ-WHUP VWUDWHJ\. 7KH RWKHU PDWWHUV WR EH DFWHG XSRQ DW WKH 0HHWLQJ DUH GHVFULEHG LQ WKLV &LUFXODU. 4: :+< $5( <28 352326,1* $1 $/7(51$7,9( 6/$7( 2) ',5(&7256 )25 7+( %2$5' 2) ',5(&7256 2) $85,1,$" ,/-,1 KDV KHOG $XULQLD VKDUHV VLQFH LWV PHUJHU ZLWK ,VRWHFKQLND (DV GHILQHG LQ WKLV &LUFXODU) LQ 2013 DQG KDV FRQWLQXHG WR SURYLGH HTXLW\ VXSSRUW WR IDFLOLWDWH WKH H[HFXWLRQ RI $XULQLD¶V EXVLQHVV SODQ. ,W KDV EHHQ, DQG FRQWLQXHV WR EH, D ILUP EHOLHYHU LQ YRFORVSRULQ DQG LWV FRPPHUFLDO SRWHQWLDO. 8QIRUWXQDWHO\, ZH KDYH VHHQ XQDGGUHVVHG IRU IDU WRR ORQJ RXU ORQJVWDQGLQJ FRQFHUQV DERXW WKH LQGHSHQGHQFH RI WKH ERDUG RI GLUHFWRUV, HVFDODWLQJ H[HFXWLYH FRPSHQVDWLRQ XQWHWKHUHG WR FRUSRUDWH SHUIRUPDQFH RU WKH DFKLHYHPHQW RI VWUDWHJLF REMHFWLYHV, LQFUHDVLQJ H[SHQVHV, SRRU JRYHUQDQFH SUDFWLFHV DQG WKH IDLOXUH WR DFKLHYH FRUSRUDWH REMHFWLYHV DQG PHHW PDUNHW H[SHFWDWLRQV. 2XU SDWLHQFH KDV ILQDOO\ FRPH WR DQ HQG DQG ZH KDYH LQLWLDWHG WKLV SURFHVV WR JLYH \RX, D VKDUHKROGHU OLNH XV, WKH RSSRUWXQLW\ WR WDNH WKH IXWXUH RI $XULQLD LQ \RXU KDQGV DQG DGGUHVV WKH FXUUHQW IDLOLQJV E\ UHVWUXFWXULQJ WKH ERDUG RI GLUHFWRUV. :H HQFRXUDJH \RX WR WDNH WKLV RSSRUWXQLW\ WR YRLFH \RXU FRQFHUQ DERXW WKH LQDELOLW\ RI WKH FXUUHQW ERDUG WR XQORFN WKH SRWHQWLDO RI YRFORVSRULQ DQG H[HFXWLYH DQG GLUHFWRU PLVDOLJQPHQW. 9RWH IRU WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV ZLWK D GHPRQVWUDWHG FRPPLWPHQW WR IRFXVLQJ RQ WKH EHVW LQWHUHVWV RI VKDUHKROGHUV DFURVV PXOWLSOH RUJDQL]DWLRQV DQG WUDQVDFWLRQV DQG ZLWK D VKDUHKROGHU PLQGVHW QHFHVVDU\ WR HQVXUH WKDW VKDUHKROGHU YDOXH LV PD[LPL]HG. 21/< 6+$5(+2/'(56 &$1 ())(&7 7+( &+$1*( 1(('(' $7 $85,1,$. 4: :+2 ,6 62/,&,7,1* 0< 352;<" ,/-,1 LV VROLFLWLQJ \RXU SUR[\ IRU XVH DW WKH 0HHWLQJ. O/-,1 617 &R., /WG., WKH &RQFHUQHG 6KDUHKROGHU, LV D OLIH VFLHQFH-IRFXVHG LQYHVWPHQW ILUP ZLWK D SRUWIROLR RI LQYHVWPHQWV WKDW DUH GHYHORSLQJ QRYHO GUXJV, PHGLFDO GHYLFHV DQG GLDJQRVWLFV IRU XQPHW PHGLFDO QHHGV. 7KH &RQFHUQHG 6KDUHKROGHU LV DQ DFWLYH, HQJDJHG, ORQJ-WHUP, GLVFLSOLQHG DQG GLOLJHQW LQYHVWRU LQYHVWLQJ LQ EXVLQHVVHV ZKHUH WKH PDUNHW SULFH GRHV QRW UHIOHFW WKH ORQJ-WHUP IXQGDPHQWDO YDOXH RI WKH EXVLQHVV DQG ZLWK IXWXUH JURZWK SRWHQWLDO. 7KH &RQFHUQHG 6KDUHKROGHU LV D PHPEHU RI WKH ,/-,1 *URXS, D FRQVRUWLXP RI FRPSDQLHV IRXQGHG LQ .RUHD LQ 1968 E\ LWV FXUUHQW FKDLUPDQ, 0U. &KLQ .\X +XK, ZLWK GLYHUVLILHG WHFKQRORJLFDO LQWHUHVWV UDQJLQJ IURP HOHFWULFDO LQIUDVWUXFWXUH DQG FRQVWUXFWLRQ WR PHGLFDO GHYLFHV, SKDUPDFRORJLFDO SURGXFWV DQG LQIRUPDWLRQ WHFKQRORJ\. 7KH &RQFHUQHG 6KDUHKROGHU ILUVW EHFDPH LQYROYHG ZLWK YRFORVSRULQ WKURXJK D GHYHORSPHQW, GLVWULEXWLRQ DQG OLFHQVLQJ DUUDQJHPHQW ZLWK ,VRWHFKQLND, D SUHGHFHVVRU FRPSDQ\ WR $XULQLD, LQ 2010. $V SDUW RI WKH WUDQVDFWLRQV E\ YLUWXH RI ZKLFK ,VRWHFKQLND DQG $XULQLD PHUJHG DQG FRQWLQXHG XQGHU WKH QDPH ³$XULQLD 3KDUPDFHXWLFDOV ,QF.´ LQ 2013, $XULQLD UHDFTXLUHG IURP WKH ,/-,1 *URXS IXOO ULJKWV WR YRFORVSRULQ LQ H[FKDQJH IRU FHUWDLQ FRQVLGHUDWLRQ DQG WKH ,/-,1 *URXS EHFDPH D VLJQLILFDQW VKDUHKROGHU LQ $XULQLD. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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¶V DGYDQFH QRWLFH E\ODZ WR SUHVHUYH RXU DELOLW\ WR EH UHVSRQVLYH WR $XULQLD¶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¶V QRPLQHHV KDYH QR SULRU UHODWLRQVKLSV ZLWK HDFK RWKHU RI DQ\ QDWXUH DQG KDYH EHHQ VHOHFWHG EHFDXVH WKH\ ERWK KDYH WKH UHTXLVLWH H[SHUWLVH DQG FDQ EH H[SHFWHG WR DFW LQGHSHQGHQWO\ RI HDFK RWKHU DQG RI ,/-,1. 4: :+< $5( <28 5(&200(1',1* 7+$7 :( 927( $*$,167 <285 2:1 5(35(6(17$7,9( 21 $85,1,$¶6 %2$5' 2) ',5(&7256" 2XU FXUUHQW UHSUHVHQWDWLYH RQ $XULQLD¶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¶V JRYHUQDQFH SUDFWLFHV, LQFOXGLQJ WKH FRQVLGHUDWLRQ DQG VHOHFWLRQ RI QRPLQHHV IRU WKH ERDUG RI GLUHFWRUV. $V VXFK, 'U. /HH LV LQ SDUW WR EODPH IRU WKH LQFHVWXRXV FRPSRVLWLRQ RI $XULQLD¶V ERDUG DQG LWV ZHE RI UHODWLRQVKLSV ZKLFK DOO XOWLPDWHO\ OHDG WR 'U. *OLFNPDQ, DV ZHOO DV WKH IDLOXUH WR PDQDJH D UREXVW ERDUG UHMXYHQDWLRQ SURFHVV WKDW ZRXOG LQWURGXFH WUXH LQGHSHQGHQFH DQG PRUH ULJRURXV JRYHUQDQFH SUDFWLFHV WR WKH ERDUG RI GLUHFWRUV. ,Q OLJKW RI VXFK FRQVLGHUDWLRQV, DQG RXU JHQHUDO LQWHUHVW LQ UHIUHVKLQJ RXU QRPLQHH JLYHQ 'U. /HH¶V ORQJ VHUYLFH RQ WKH ERDUG RI GLUHFWRUV, GXULQJ RXU GLVFXVVLRQV ZLWK $XULQLD OHDGLQJ XS WKH DQQXDO JHQHUDO PHHWLQJ ZH LQGLFDWHG RXU LQWHUHVW LQ DSSRLQWLQJ DQRWKHU UHSUHVHQWDWLYH RI ,/-,1 LQ SODFH RI 'U. /HH. 8OWLPDWHO\ QRQH RI WKRVH GLVFXVVLRQV ZHUH IUXLWIXO DQG $XULQLD ZRXOG QRW DOORZ XV WR VXEVWLWXWH DQRWKHU TXDOLILHG QRPLQHH IRU 'U. /HH. $V D UHVXOW, ZH SURSRVH WR XVH WKH SUR[\ SURFHVV LQ FRQQHFWLRQ ZLWK WKH DQQXDO JHQHUDO PHHWLQJ WR UHSODFH 'U. /HH. :H DUH JUHDWO\ DSSUHFLDWLYH RI 'U. /HH¶V GHGLFDWHG VHUYLFH WR $XULQLD DQG LWV VKDUHKROGHUV IRU WKH ODVW IRXU \HDUV DQG H[SHFW WKDW 0U. .ZRQ, DV RXU UHSUHVHQWDWLYH RQ WKH DOWHUQDWLYH VODWH RI GLUHFWRUV WKDW ZH KDYH SURSRVHG, ZLOO EH D JUHDW VWHZDUG RI \RXU FRPSDQ\ DEOH WR EHWWHU HIIHFW WKH H[HUFLVH RI SUXGHQW LQGHSHQGHQW MXGJPHQW IRU ZKLFK 'U. /HH ZDV RULJLQDOO\ VHOHFWHG. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 ( LLL ) 4: +2: '2 <28 5(&200(1' , 927(" )L[ WKH QXPEHU RI GLUHFWRUV DW HLJKW 5H-DSSRLQW 3ULFHZDWHUKRXVH&RRSHUV //3 DV $XGLWRUV DQG DXWKRUL]H $XULQLD¶V DXGLW FRPPLWWHH WR IL[ WKH $XGLWRUV¶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¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV KHOG RQ -XQH 26, 2019. 4: :+< '2(6 7+( *5((1 )250 2) 352;< 25 *5((1 927,1* ,16758&7,21 )250 21/< 5(&200(1' ³)25´ 7+5(( (3) &21&(51(' 6+$5(+2/'(5 120,1((6" 7KURXJKRXW ,/-,1¶V DWWHPSWV WR HQJDJH ZLWK $XULQLD¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 9RWH UHFRPPHQGDWLRQ9RWLQJ PDWWHU

 ( LY ) 4: :+(1 $1' :+(5( ,6 7+( 0((7,1*" 7KH 0HHWLQJ LV VFKHGXOHG WR EH KHOG RQ :HGQHVGD\, -XQH 26, 2019 DW 10:00DP (0RXQWDLQ 7LPH) DW WKH :HVWLQ &DOJDU\, 320 ±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¶V QDPH EH LQFOXGHG RQ WKH OLVW RI VKDUHKROGHUV HQWLWOHG WR YRWH DW WKH 0HHWLQJ. )RU TXHVWLRQV RU DVVLVWDQFH UHODWHG WR WKLV SURFHVV, SOHDVH FRQWDFW ,/-,1'V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ $GYLVRUV, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQDGYLVRUV.FD. (DFK VKDUH LV HQWLWOHG WR RQH YRWH RQ WKRVH LWHPV RI EXVLQHVV LGHQWLILHG LQ WKH QRWLFH RI 0HHWLQJ GDWHG ‡ VHQW E\ $XULQLD. 4: +2: 0$1< 6+$5(6 $5( (17,7/(' 72 927(" $V RI 0D\ 9, 2019, WR ,/-,1¶V NQRZOHGJH, WKHUH ZHUH 91,792,958 VKDUHV RXWVWDQGLQJ, DV VWDWHG LQ WKH 0DQDJHPHQW &LUFXODU (DV GHILQHG LQ WKLV &LUFXODU). (DFK VKDUHKROGHU KDV RQH YRWH IRU HDFK VKDUH KHOG DV RI WKH FORVH RI EXVLQHVV RQ 0D\ 9, 2019, SURYLGHG WKDW, LI DIWHU WKH 5HFRUG 'DWH D UHJLVWHUHG 6KDUHKROGHU WUDQVIHUV LWV VKDUHV DQG SURYLGHG WKDW WKH WUDQVIHUHH, QRW ODWHU WKDQ 10 GD\V EHIRUH WKH 0HHWLQJ, HVWDEOLVKHV RZQHUVKLS RI WKH 6KDUHV DQG GHPDQGV WKDW WKH 7UDQVIHUHH¶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³&RPSXWHUVKDUH´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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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 121-5(*,67(5(' (%(1(),&,$/) $1' $ 5(*,67(5(' 6+$5(+2/'(5" <RX DUH D µµUHJLVWHUHG VKDUHKROGHU¶¶ LI \RXU VKDUHV DUH KHOG LQ \RXU QDPH DQG \RX DUH LQ SRVVHVVLRQ RI D VKDUH FHUWLILFDWH WKDW LQGLFDWHV WKH VDPH. 0RVW VKDUHKROGHUV DUH QRW UHJLVWHUHG VKDUHKROGHUV EXW DUH µµQRQ-UHJLVWHUHG (EHQHILFLDO) VKDUHKROGHUV´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¶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¶V DXGLW FRPPLWWHH WR IL[ WKH $XGLWRUV¶ UHPXQHUDWLRQ (OHFW 1RPLQHHV DV 'LUHFWRUV: 'U. 5REHUW )RVWHU(&RQFHUQHG 6KDUHKROGHU 1RPLQHH) 0U. 6RRQ-<XE (6DPXHO) .ZRQ(&RQFHUQHG 6KDUHKROGHU 1RPLQHH) <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 9RWH 9RWLQJ PDWWHU

 ( YL ) 'U. 0\HRQJ-+HH <X (&RQFHUQHG 6KDUHKROGHU 1RPLQHH) 0U. 3HWHU *UHHQOHDI(0DQDJHPHQW 1RPLQHH) 'U. 'DYLG 5.:. -D\QH (0DQDJHPHQW 1RPLQHH) 0U. -RVHSK +DJDQ (0DQDJHPHQW 1RPLQHH) 'U. 0LFKDHO +D\GHQ(0DQDJHPHQW 1RPLQHH) 'U. 'DQLHO %LOOHQ(0DQDJHPHQW 1RPLQHH) 'U. +\XHN -RRQ /HH (0DQDJHPHQW 1RPLQHH) 'U. *HRUJH 0LOQH, -U.(0DQDJHPHQW 1RPLQHH) 0U. 5. +HFWRU 0DF.D\-'XQQ(0DQDJHPHQW 1RPLQHH) 6KDUHKROGHUV DFFHSW WKH DSSURDFK WR H[HFXWLYH FRPSHQVDWLRQ GLVFORVHG LQ $XULQLD¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV KHOG RQ -XQH 26, 2019. 4: :+$7 ,) , $/5($'< 927(' 7+( <(//2: 352;< $1' +$9( &+$1*(' 0< 0,1'" (YHQ LI \RX KDYH DOUHDG\ YRWHG XVLQJ WKH \HOORZ PDQDJHPHQW IRUP RI SUR[\ RU \HOORZ YRWLQJ LQVWUXFWLRQ IRUP \RX KDYH HYHU\ ULJKW WR FKDQJH \RXU YRWH. 2QO\ WKH ODWHU GDWHG SUR[\ RU YRWLQJ LQVWUXFWLRQ IRUP ZLOO EH FRXQWHG DW WKH 0HHWLQJ. 9RWH RQO\ WKH *5((1 IRUP RI SUR[\ RU * 5((1 YRWLQJ LQVWUXFWLRQ IRUP E\ 5:00 S.P. (Mountain WLPH) RQ )ULGD\, -XQH 21, 2019. ,I \RX DUH D EHQHILFLDO VKDUHKROGHU, \RX FDQ FKDQJH \RXU YRWH E\ QRWLI\LQJ \RXU EURNHU, WUXVW FRPSDQ\ RU RWKHU DGYLVRU LQ ZULWLQJ. ,I \RX DUH D UHJLVWHUHG VKDUHKROGHU, \RX FDQ UHYRNH \RXU SUHYLRXVO\ YRWHG SUR[\ E\: •&RPSOHWLQJ D *5((1 IRUP RI SUR[\ WKDW LV GDWHG ODWHU WKDQ WKH SUR[\ IRUP \RX DUH UHYRNLQJ DQG PDLOLQJ LW WR *U\SKRQ VR WKDW LW LV UHFHLYHG QR ODWHU WKDQ 5:00 S.P. (&DOJDU\ WLPH) RQ )ULGD\, -XQH 21, 2019. •'HSRVLWLQJ DQ H[HFXWHG LQVWUXPHQW UHYRNLQJ WKH \HOORZ IRUP RI SUR[\ LQ ZULWLQJ (H[HFXWHG E\ \RX RU \RXU DWWRUQH\) DW $XULQLD¶V UHJLVWHUHG RIILFH DW 1203 - 4464 0DUNKDP 6WUHHW, 9LFWRULD, %& 98= 7;8, DQ\ WLPH XS WR DQG LQFOXGLQJ WKH ODVW EXVLQHVV GD\ SUHFHGLQJ WKH GD\ RI WKH 0HHWLQJ RU RQ WKH GD\ RI WKH 0HHWLQJ ZLWK WKH &KDLU DW WKH 0HHWLQJ. ,I \RX QHHG DVVLVWDQFH UHYRNLQJ D SUHYLRXVO\ YRWHG SUR[\, FDOO *U\SKRQ $GYLVRUV DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG). <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 9RWH 9RWLQJ PDWWHU

 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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 ( YLLL ) &21&(51(' 6+$5(+2/'(5¶6 352;< &,5&8/$5 +,*+/,*+76 0HHWLQJ +LJKOLJKWV %HORZ DUH KLJKOLJKWV RI VRPH RI WKH LPSRUWDQW LQIRUPDWLRQ WKDW FDQ EH IRXQG LQ WKH &RQFHUQHG 6KDUHKROGHU¶V &LUFXODU DQG WKH PDWWHUV WR EH YRWHG XSRQ DW WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV RI $XULQLD 3KDUPDFHXWLFDOV ,QF. WR EH KHOG RQ :HGQHVGD\, -XQH 26, 2019. 7KHVH KLJKOLJKWV GR QRW FRQWDLQ DOO WKH LQIRUPDWLRQ WKDW VKRXOG EH FRQVLGHUHG. 3OHDVH UHYLHZ WKH &RQFHUQHG 6KDUHKROGHU¶V &LUFXODU LQ LWV HQWLUHW\ EHIRUH YRWLQJ. 6KDUHKROGHU 9RWLQJ 5HFRPPHQGDWLRQV )L[ WKH QXPEHU RI GLUHFWRUV DW HLJKW 5H-DSSRLQW 3ULFHZDWHUKRXVH&RRSHUV //3 DV $XGLWRUV DQG DXWKRUL]H $XULQLD¶V DXGLW FRPPLWWHH WR IL[ WKH $XGLWRUV¶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¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV KHOG RQ -XQH 26, 2019. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 9RWH UHFRPPHQGDWLRQ9RWLQJ PDWWHU

 ( L[ ) 7KH 5DWLRQDOH IRU &KDQJH ± $W D *ODQFH •)DLOXUH RI WKH %RDUG WR 3URSHUO\ 0DQDJH ([HFXWLYH &RPSHQVDWLRQ DQG $OLJQ ZLWK 6KDUHKROGHU ,QWHUHVWV o %ORDWHG H[HFXWLYH FRPSHQVDWLRQ DQG RSWLRQ JUDQWV o 1R SHUIRUPDQFH EDVHG HTXLW\ FRPSHQVDWLRQ o ,VVXDQFH RI 2SWLRQV WR 1RQ-([HFXWLYH 'LUHFWRUV •)DLOXUH RQ RWKHU *RYHUQDQFH 0DWWHUV o 1R 6KDUH 2ZQHUVKLS 5HTXLUHPHQWV IRU &(2, 1DPHG ([HFXWLYH 2IILFHUV RU GLUHFWRUV, DOO RI ZKRP KDYH PLQLPDO RU QR LQYHVWPHQW LQ $XULQLD RU ULVN DVVRFLDWHG ZLWK $XULQLD¶V VXFFHVV RU IDLOXUH o 1R *HQGHU 'LYHUVLW\ •)DLOXUH RI WKH %RDUG WR 3URSHUO\ (QVXUH ,QGHSHQGHQFH o 0DQDJHPHQW¶V SURSRVHG ERDUG UHQHZDO UHIOHFWV D IDLOXUH RI WKH *RYHUQDQFH & 1RPLQDWLRQ &RPPLWWHH RI ZKLFK 'U. 0LOQH ZDV WKH &KDLUPDQ o 3ODLQ DQG 6LPSOH, WKLV LV QRW DQ LQGHSHQGHQW ERDUG. ,W LV WKH )RUPHU &KDLUPDQ¶V OHJDF\ RI UHODWLRQVKLSV •)DLOXUH RI WKH %RDUG WR 3URSHUO\ 2YHUVHH DQG &RQWURO ([SHQGLWXUHV o ([SORVLYH *URZWK LQ ([SHQVHV <HDU RYHU <HDU DQG 5HODWLYH WR 3HHU *URXS &RQFHUQHG 6KDUHKROGHU 1RPLQHHV ± $W D *ODQFH 'U. 5REHUW )RVWHU60 9&RQWUD9LU•3ULPDULO\ UHVSRQVLEOH IRU GLVFRYHU\ 3KDUPDFHXWLFDOV, ,QF.RI YRFORVSRULQ, WKH NH\VWRQH GUXJ IRU $XULQLD¶V HQWLUH EXVLQHVV •'LVFRYHU\, GHYHORSPHQW DQG FRPPHUFLDOL]DWLRQ RI SKDUPDFHXWLFDOV •&RUSRUDWH WUDQVDFWLRQDO H[SHULHQFH •3URYHQ OHDGHUVKLS DV SULRU &(2 RI D QXPEHU RI FRPSDQLHV •)DPLOLDULW\ ZLWK $XULQLD DQG LWV FRUH GUXJ •([SHULHQFH DV D SXEOLF FRPSDQ\ GLUHFWRU DQG WKH JRYHUQDQFH DQG DFFRXQWDELOLW\ H[SHFWDWLRQV 0U. 6RRQ-<XE 61 91RQH•2YHU 30 \HDUV RI LQWHUQDWLRQDO (6DPXHO) .ZRQOHJDO H[SHULHQFH •6LJQLILFDQW KHDOWKFDUH H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ LQ DGYLVLQJ DQG DFWLQJ DV FRXQVHO IRU WUDQVDFWLRQV •8QGHUVWDQGLQJ DQG H[SHULHQFH RI D EURDG UDQJH RI WUDQVDFWLRQDO DQG UHJXODWRU\ PDWWHUV, LQFOXGLQJ LQ WKH KHDOWKFDUH VSDFH <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. $JH ,QGHSHQGHQFH 2WKHU 3XEOLF %RDUGV+LJKOLJKWV %RDUG 2YHUVLJKW )DLOLQJV

 ( [ ) •([SHULHQFH ZLWK WKH FRPPHUFLDOL]DWLRQ RI FHUWDLQ SKDUPDFRORJLFDO SURGXFWV •)DPLOLDULW\ ZLWK &DQDGLDQ, 8QLWHG 6WDWHV DQG LQWHUQDWLRQDO PDUNHWV DQG WUDGH DFFHVV WKURXJK ELODWHUDO DQG PXOWLODWHUDO QHJRWLDWLRQV DQG JRYHUQPHQW SURFXUHPHQW SUDFWLFHV 'U. 0\HRQJ-+HH <X 64 91RQH•2YHU 30 \HDUV RI ELRWHFKQRORJ\ H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ •([SHULHQFH LQ JRYHUQDQFH RI RUJDQL]DWLRQV DQG FRPSDQLHV LQ ERWK WKH SULYDWH DQG SXEOLF VHFWRU •/RQJ-VWDQGLQJ LQYROYHPHQW LQ JRYHUQPHQWDO UHODWLRQV, SROLF\ GHYHORSPHQW DQG FRRSHUDWLYHV ZLWK LQWHUQDWLRQDO RUJDQL]DWLRQV •5HFRJQL]HG H[SHUWLVH LQ ELRFKHPLFDO UHVHDUFK 8QLWHG 6WDWHV: &DOO 1-800-454-8683 RQ WKH HQFORVHG *5((1 YRWLQJ LQVWUXFWLRQ IRUP. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 927,1* 0(7+2' 5(*,67(5(' 6+$5(+2/'(56 If your shares are held in your name and represented by a physical certificate %(1(),&,$/ 6+$5(+2/'(56 If your shares are held with a broker, bank or other intermediary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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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 0$,/ 0DLO \RXU *5((1 IRUP RI SUR[\ WR: 207 4XHHQV 4XD\ :, 6XLWH 320, 7RURQWR, 21, 05-1$7 0DLO \RXU *5((1 YRWLQJ LQVWUXFWLRQ IRUP LQ WKH UHSO\ HQYHORSH SURYLGHG.

 &21&(51(' 6+$5(+2/'(5¶6 352;< &,5&8/$5 7KLV &LUFXODU LV SURYLGHG E\ DQG RQ EHKDOI RI WKH &RQFHUQHG 6KDUHKROGHU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV RI $85,1,$ 3+$50$&(87,&$/6 ,1&. WR EH KHOG RQ :HGQHVGD\, -XQH 26, 2019 DQG LV 127 SURYLGHG E\ RU RQ EHKDOI RI WKH %RDUG RU 0DQDJHPHQW RI WKH &RUSRUDWLRQ This proxy circular and any supplement or amendment hereto, together with the letter to shareholders dated June 2, 2019 which is incorporated herein by reference (collectively, this “Circular”) and the accompanying GREEN form of proxy or GREEN voting instruction form (as applicable, the “GREEN Proxy”) are furnished to you in connection with the solicitation of proxies by and on behalf of ILJIN SNT Co., Ltd. (“ILJIN” or the “Concerned Shareholder”) to be used at the Annual General Meeting of holders (the “Shareholders”) of the common shares (the “Shares”) of Aurinia Pharmaceuticals Inc. (“Aurinia” or the “Corporation”) scheduled to be held on Wednesday, June 26, 2019 at 10:00am (Mountain Time) and at any postponement or adjournment thereof (the “Meeting”). 5($6216 )25 7+,6 62/,&,7$7,21 7KH SXUSRVH RI WKLV VROLFLWDWLRQ E\ DQG RQ EHKDOI RI WKH &RQFHUQHG 6KDUHKROGHU LV WR, DPRQJ RWKHU WKLQJV; VHHN WKH VXSSRUW DQG DSSURYDO RI WKH 6KDUHKROGHUV DW WKH 0HHWLQJ WR HOHFW WKH &RQFHUQHG 6KDUHKROGHU¶V WKUHH (3) VKDUHKROGHU QRPLQHHV, EHLQJ 'U. 5REHUW )RVWHU, 0U. 6RRQ-<XE (6DPXHO) .ZRQ DQG 'U. 0\HRQJ-+HH <X (FROOHFWLYHO\, WKH ³&RQFHUQHG 6KDUHKROGHU 1RPLQHHV´). 7KH IROORZLQJ &RQFHUQHG 6KDUHKROGHU 1RPLQHHV EHLQJ SURSRVHG E\ WKH &RQFHUQHG 6KDUHKROGHU UHSUHVHQW D QRQ-FRQIOLFWHG DQG KLJKO\ H[SHULHQFHG VODWH RI GLUHFWRUV ZKR DUH IRFXVHG RQ JRRG JRYHUQDQFH DQG OHYHUDJLQJ WKHLU WHFKQLFDO, EXVLQHVV DQG VFLHQWLILF H[SHUWLVH WR WKH FRPPHUFLDOL]DWLRQ RI $XULQLD¶V LPSUHVVLYH SLSHOLQH RI SKDUPDFHXWLFDO VROXWLRQV: •'U. 5REHUW )RVWHU ± 'U. )RVWHU LV ODUJHO\ UHVSRQVLEOH IRU WKH GLVFRYHU\ RI YRFORVSRULQ, WKH NH\QRWH GUXJ XSRQ ZKLFK $XULQLD¶V SLSHOLQH RI SKDUPDFHXWLFDO SURGXFWV LV EDVHG DQG ZDV WKH IRUPHU &(2 RI ERWK ,VRWHFKQLND 3KDUPD ,QF. (³,VRWHFKQLND´), D SUHGHFHVVRU WR $XULQLD, DQG $XULQLD LWVHOI. 'U. )RVWHU LV RQH RI WKH PRVW UHVSHFWHG SKDUPDFHXWLFDO VFLHQWLVWV LQ WKH ZRUOG DQG EULQJV D SURYHQ DELOLW\ LQ WKH GLVFRYHU\, GHYHORSPHQW DQG FRPPHUFLDOL]DWLRQ RI SKDUPDFHXWLFDOV. •0U. 6RRQ-<XE (6DPXHO) .ZRQ ± 0U. .ZRQ KDV H[WHQVLYH H[SHULHQFH DGYLVLQJ ERWK GRPHVWLF DQG LQWHUQDWLRQDO KHDOWKFDUH-UHODWHG FOLHQWV RYHU D EURDG UDQJH RI WUDQVDFWLRQDO DQG UHJXODWRU\ PDWWHUV DQG EULQJV RYHU 30 \HDUV RI OHJDO DQG EXVLQHVV DFXPHQ WR KLV UROH DV GLUHFWRU. •'U. 0\HRQJ-+HH <X ± 'U. <X KDV RYHU 30 \HDUV RI H[WHQVLYH LQWHUQDWLRQDO ELRWHFKQRORJ\ H[SHULHQFH ERWK DV D UHVHDUFKHU DQG WKURXJK QXPHURXV DGYLVRU\ DQG FRPPLWWHH UROHV ZLWKLQ JRYHUQPHQW DQG SULYDWH LQGXVWU\. 'U. <X KDV SOD\HG D NH\ UROH LQ WKH GHYHORSPHQW RI .RUHD¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 2 - $V D IHOORZ 6KDUHKROGHU RI $XULQLD ZKR KDV RZQHG LWV 6KDUHV VLQFH $XULQLD¶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³0DWWHUV WR EH $FWHG 8SRQ DW WKH 0HHWLQJ ± (OHFWLRQ RI 'LUHFWRUV´ LQ WKLV &LUFXODU. ,03257$17 ,1)250$7,21 <RXU VXSSRUW LV H[WUHPHO\ LPSRUWDQW WR WKH IXWXUH RI \RXU LQYHVWPHQW LQ $XULQLD. ,I \RX VXSSRUW WKH &RQFHUQHG 6KDUHKROGHU, SOHDVH DFW QRZ DQG WDNH WKH DSSURSULDWH VWHSV WR YRWH \RXU 6KDUHV. 7R VXSSRUW WKH &RQFHUQHG 6KDUHKROGHU, RQO\ XVH WKH *5((1 3UR[\ HQFORVHG ZLWK WKLV &LUFXODU. <RX ZLOO KDYH UHFHQWO\ UHFHLYHG IURP $XULQLD D PDQDJHPHQW SUR[\ FLUFXODU GDWHG 0D\ 29, 2019 (WKH ³0DQDJHPHQW &LUFXODU´) DQG D <(//2: PDQDJHPHQW IRUP RI SUR[\ DQG 9,) VROLFLWLQJ SUR[LHV LQ FRQQHFWLRQ ZLWK WKH 0HHWLQJ. $FFRUGLQJ WR WKH 0DQDJHPHQW &LUFXODU, $XULQLD LV SURSRVLQJ HLJKW (8) GLUHFWRUV IRU HOHFWLRQ WR WKH ERDUG, VHYHQ (7) RI ZKRP DUH LQFXPEHQW PHPEHUV RI WKH FXUUHQW ERDUG RI GLUHFWRUV DQG RQH (1) RI ZKRP LV D QHZ, SXUSRUWHGO\ LQGHSHQGHQW QRPLQHH (FROOHFWLYHO\, WKH ³0DQDJHPHQW 1RPLQHHV´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 WLPHO\ GHOLYHUHG, ODWHU GDWHG *5((1 3UR[\ VXSHUVHGHV D SUHYLRXVO\ FRPSOHWHG 0DQDJHPHQW &LUFXODU 3UR[\. )L[ WKH QXPEHU RI GLUHFWRUV DW HLJKW 5H-DSSRLQW 3ULFHZDWHUKRXVH&RRSHUV //3 DV $XGLWRUV DQG DXWKRUL]H $XULQLD¶V DXGLW FRPPLWWHH WR IL[ WKH $XGLWRUV¶ UHPXQHUDWLRQ (OHFW 1RPLQHHV DV 'LUHFWRUV: 'U. 5REHUW )RVWHU(&RQFHUQHG 6KDUHKROGHU 1RPLQHH) <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 7KH &RQFHUQHG 6KDUHKROGHU 5HFRPPHQGV WKDW \RX YRWH WKH *5((1 3UR[\ DV IROORZV: 9RWH UHFRPPHQGDWLRQ9RWLQJ PDWWHU

 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¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV KHOG RQ -XQH 26, 2019. 3OHDVH IROORZ WKH LQVWUXFWLRQV XQGHU WKH KHDGLQJ ³*HQHUDO ,QIRUPDWLRQ $ERXW 3UR[LHV DQG 9RWLQJ´ EHJLQQLQJ RQ SDJH 14 RI WKLV &LUFXODU WR YRWH \RXU *5((1 IRUP RI 3UR[\ RU *5((1 9,) WRGD\. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 7KH &RQFHUQHG 6KDUHKROGHU 5HFRPPHQGV WKDW \RX YRWH WKH *5((1 3UR[\ DV IROORZV: 9RWH UHFRPPHQGDWLRQ9RWLQJ PDWWHU

 - 4 - *(1(5$/ 7KLV &LUFXODU GRHV QRW FRQVWLWXWH DQ RIIHU WR VHOO, RU D VROLFLWDWLRQ RI DQ RIIHU WR SXUFKDVH, DQ\ VHFXULWLHV, RU WKH VROLFLWDWLRQ RI 6KDUHKROGHUV E\ DQ\ SHUVRQ LQ DQ\ MXULVGLFWLRQ LQ ZKLFK VXFK DQ RIIHU RU VROLFLWDWLRQ LV QRW DXWKRUL]HG RU LQ ZKLFK WKH SHUVRQ PDNLQJ VXFK RIIHU RU VROLFLWDWLRQ LV QRW TXDOLILHG WR GR VR RU WR DQ\ SHUVRQ WR ZKRP LW LV XQODZIXO WR PDNH VXFK DQ RIIHU RU VROLFLWDWLRQ. $ FRS\ RI WKLV &LUFXODU PD\ EH REWDLQHG RQ UHTXHVW DQG ZLWKRXW FKDUJH IURP *U\SKRQ $GYLVRUV ,QF. E\ FRQWDFWLQJ WKHP DW 1-833-266-0365 LQ 1RUWK $PHULFD RU DW 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD, RU E\ HPDLO DW LQTXLULHV#JU\SKRQ.FD, RU RQ $XULQLD¶V SURILOH RQ WKH 6\VWHP IRU (OHFWURQLF 'RFXPHQW $QDO\VLV DQG 5HWULHYDO (³6('$5´) DW ZZZ.VHGDU.FRP. 7KH GDWD, LQIRUPDWLRQ DQG RSLQLRQV FRQWDLQHG RU UHIHUHQFHG KHUHLQ (FROOHFWLYHO\, WKH ³,QIRUPDWLRQ´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³'LVFODLPHU 5HVSHFWLQJ 3XEOLFO\ 6RXUFHG ,QIRUPDWLRQ´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ecurities Exchange Act of 1934, DV DPHQGHG (WKH ³8.6. ([FKDQJH $FW´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³('*$5´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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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³ZLOO´, ³H[SHFW´, ³LQWHQG´, ³SODQ´, ³HVWLPDWH´, ³DQWLFLSDWH´, ³EHOLHYH´ RU ³FRQWLQXH´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¶V SDWHQW SRUWIROLR; PDUNHW FRQGLWLRQV; WKH HIIHFWV RI FRPSHWLWLRQ; WKH FRPPHUFLDOLW\ RI $XULQLD¶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¶V RSHUDWLRQV. 6KDUHKROGHUV DUH FDXWLRQHG WKDW DOO IRUZDUG-ORRNLQJ VWDWHPHQWV DQG LQIRUPDWLRQ LQYROYH ULVNV DQG XQFHUWDLQWLHV, LQFOXGLQJ WKRVH ULVNV DQG XQFHUWDLQWLHV GHWDLOHG LQ WKH &RUSRUDWLRQ¶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³$XULQLD 3KDUPDFHXWLFDOV ,QF.´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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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¶V QH[W PHHWLQJ RI 6KDUHKROGHUV RU XQWLO D VXFFHVVRU KDV EHHQ HOHFWHG RU DSSRLQWHG LQ DFFRUGDQFH ZLWK $XULQLD¶V DUWLFOHV DQG E\-ODZV, XQOHVV KLV RU KHU RIILFH LV HDUOLHU YDFDWHG. 7KH HLJKW (8) QRPLQHHV ZKR UHFHLYH WKH PRVW ³IRU´ YRWHV DW WKH 0HHWLQJ ZLOO FRPSULVH WKH QHZ ERDUG RI GLUHFWRUV. $XULQLD PDQDJHPHQW DUH SURSRVLQJ WR HOHFW HLJKW (8) GLUHFWRUV WR WKH ERDUG RI GLUHFWRUV, VHYHQ (7) RI ZKRP DUH LQFXPEHQW PDQDJHPHQW QRPLQHHV ± 0U. 3HWHU *UHHQOHDI, 'U. 'DYLG 5.:. -D\QH, 0U. -RVHSK +DJDQ, 'U. 0LFKDHO +D\GHQ, 'U. 'DQLHO %LOOHQ, 'U. *HRUJH 0LOQH, -U. DQG 'U. +\XHN -RRQ /HH, DQG RQH RI ZKRP LV QHZ ± 0U. 5. +HFWRU 0DF.D\-'XQQ. The Concerned Shareholder Nominees 7KH &RQFHUQHG 6KDUHKROGHU KDV LGHQWLILHG WKUHH (3) FDQGLGDWHV ZKR LW EHOLHYHV ZRXOG EH VXLWDEOH WR VHUYH RQ WKH ERDUG RI GLUHFWRUV RI WKH &RUSRUDWLRQ DQG SURSRVHV WR QRPLQDWH WKRVH LQGLYLGXDOV IRU HOHFWLRQ DV D GLUHFWRU DW WKH 0HHWLQJ. 1RWLFH LQ UHVSHFW RI WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV ZDV SURYLGHG WR WKH &RUSRUDWLRQ RQ 0D\ 24, 2019 LQ DFFRUGDQFH ZLWK WKH WHUPV RI WKH &RUSRUDWLRQ¶V $GYDQFH 1RWLFH 3ROLF\. 7KH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV DUH D JURXS KLJKO\ TXDOLILHG H[HFXWLYHV, GLUHFWRUV, LQYHVWRUV DQG HQWUHSUHQHXUV ZLWK WUDFN UHFRUGV RI VXFFHVV DQG SODFLQJ VKDUHKROGHU LQWHUHVWV ILUVW. 7KH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV ZLOO DFW LQ WKH EHVW LQWHUHVWV RI 6KDUHKROGHUV DQG PD[LPL]H 6KDUHKROGHU YDOXH. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

'U. )RVWHU KDV RYHU 30 \HDUV RI SKDUPDFHXWLFDO DQG ELRWHFK H[SHULHQFH. Canada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dmonton, Alberta, 'U. )RVWHU IRXQGHG ,VRWHFKQLND LQ 1993 ZKHUH KH ZDV D GLUHFWRU DQG RIILFHU, $JH: 60 LQFOXGLQJ PRVW UHFHQWO\ DV 3UHVLGHQW DQG &KLHI ([HFXWLYH 2IILFHU. 'XULQJ KLV WHQXUH ZLWK ,VRWHFKQLND, 'U. )RVWHU, WRJHWKHU ZLWK D FRUH WHDP, ,VRWHFKQLND¶V &(2, 'U. )RVWHU VWUXFWXUHG &DQDGD¶V ODUJHVW OLFHQVLQJ GHDO, DW WKH WLPH, IRU $215 PLOOLRQ 86' ZLWK +RIIPDQ-/D 5RFKH (%DVOH, 6ZLW]HUODQG) IRU YRFORVSRULQ. ,Q DGGLWLRQ WR SKDUPDFHXWLFDO GLVFRYHU\ DQG GHYHORSPHQW, 'U. )RVWHU DOVR GHYHORSHG DQG REWDLQHG UHJXODWRU\ DSSURYDOV IRU D FRPPHUFLDOO\ DYDLODEOH GLDJQRVWLF WHVW (FDUERQ-13 XUHD EUHDWK WHVW), FDOOHG +HOLNLW, IRU WKH GLDJQRVLV RI H. pylori. $IWHU UHDOL]LQJ PXOWLPLOOLRQ GROODU FRPPHUFLDO VDOHV, 'U. )RVWHU VXEVHTXHQWO\ VROG WKH GLDJQRVWLF NLW. $W SUHVHQW, +HOLNLW VDOHV FRQWLQXH LQ &DQDGD DQG RWKHU FRXQWULHV. 'U. )RVWHU KDV SUHYLRXVO\ VHUYHG DV: •%RDUG PHPEHU RI $OEHUWD (FRQRPLF 'HYHORSPHQW $XWKRULW\, %XVLQHVV &RPSHWLWLYHQHVV DQG 'LYHUVLILFDWLRQ &RPPLWWHH; •%RDUG PHPEHU RI $OEHUWD (FRQRPLF 'HYHORSPHQW, )LVFDO 3ODQQLQJ DQG 3ROLF\ &RPPLWWHH; •&RXQFLO 0HPEHU, $OEHUWD 3UHPLHU¶V $GYLVRU\ &RXQFLO RQ +HDOWK; •$GYLVRU\ %RDUG 0HPEHU, ,QGXVWU\ /LDVRQ 2IILFH, 8QLYHUVLW\ RI $OEHUWD; •&R-&KDLU DQG %RDUG PHPEHU RI %LR$OEHUWD; DQG •%RDUG PHPEHU RI %RDUG RI 0DQDJHPHQW, $OEHUWD 6FLHQFH DQG 5HVHDUFK $XWKRULW\. $IWHU JUDGXDWLQJ ZLWK D 3K.'. LQ 3KDUPDFHXWLFDO 6FLHQFHV, 'U. )RVWHU VHUYHG DV D WHQXUHG, $VVRFLDWH 3URIHVVRU LQ WKH )DFXOW\ RI 3KDUPDF\ DQG 3KDUPDFHXWLFDO 6FLHQFHV DW WKH 8QLYHUVLW\ RI $OEHUWD (1988 WR 1997) DQG ODWHU DV DQ $GMXQFW )XOO 3URIHVVRU (1998 WR 2001). )URP 1990 WR 1994, 'U. )RVWHU ZDV 0HGLFDO 6WDII, 6FLHQWLILF DQG 5HVHDUFK $VVRFLDWH LQ WKH <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 1XPEHU RI 6KDUHV %HQHILFLDOO\ 2ZQHG, &RQWUROOHG RU 'LUHFWHG, 1DPH DQG 3ODFH RI%LRJUDSKLFDO ,QIRUPDWLRQ DQG 3ULQFLSDO 2FFXSDWLRQ DQG 3RVLWLRQV'LUHFWO\ RU 5HVLGHQFH(1)(2)+HOG 'XULQJ /DVW )LYH <HDUV,QGLUHFWO\

 - 8 - 'HSDUWPHQW RI /DERUDWRU\ 0HGLFLQH DW WKH :DOWHU &. 0DF.HQ]LH +HDOWK 6FLHQFHV &HQWUH 'U. )RVWHU KDV SXEOLVKHG RYHU 170 SDSHUV, DEVWUDFWV DQG ERRN FKDSWHUV IRFXVHG RQ GUXJ DQDO\VLV, GHYHORSPHQW, DQG SKDUPDFRNLQHWLFV, DQG UHFHLYHG QXPHURXV DZDUGV IRU ERWK SKDUPDFHXWLFDO UHVHDUFK DQG WHDFKLQJ. 'U. )RVWHU ZDV QDPHG RQH RI $OEHUWD¶V 50 0RVW ,QIOXHQWLDO 3HRSOH LQ 2002, DQG UHFHLYHG $OEHUWD 9HQWXUH¶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• 3DUWLDOO\ UHVSRQVLEOH IRU GLVFRYHU\ RI YRFORVSRULQ, WKH NH\VWRQH GUXJ IRU $XULQLD¶V HQWLUH EXVLQHVV • 'LVFRYHU\, GHYHORSPHQW DQG FRPPHUFLDOL]DWLRQ RI SKDUPDFHXWLFDOV • &RUSRUDWH WUDQVDFWLRQDO H[SHULHQFH • 3URYHQ OHDGHUVKLS DV SULRU &(2 RI D QXPEHU RI FRPSDQLHV • )DPLOLDULW\ ZLWK $XULQLD DQG LWV FRUH GUXJ •([SHULHQFH DV D SXEOLF FRPSDQ\ GLUHFWRU DQG WKH JRYHUQDQFH DQG DFFRXQWDELOLW\ H[SHFWDWLRQV <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

0U. .ZRQ LV D VHQLRU IRUHLJQ DWWRUQH\ ZLWK DQG KHDGV WKH ,QWHUQDWLRQDO Seoul, Korea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¶V UHFHQW ZRUN LQFOXGHV UHSUHVHQWLQJ 6HRXO 1DWLRQDO 8QLYHUVLW\ +RVSLWDO LQ FRQQHFWLRQ ZLWK WKHLU RSHUDWLRQ RI D 8$( *RYHUQPHQW-RZQHG FKLOGUHQ¶V VSHFLDOW\ KRVSLWDO, DGYLVLQJ 6HRXO 6W. 0DU\¶V +RVSLWDO RQ WKH HVWDEOLVKPHQW DQG RSHUDWLRQ RI DQ DGYDQFHG PHGLFDO GLDJQRVWLF FHQWHU LQ $EX 'KDEL DQG DGYLVLQJ 6DPVXQJ 0HGLFDO &HQWHU (60&) LQ FRQQHFWLRQ ZLWK D MRLQW SURMHFW LQYROYLQJ 6LQJDSRUHDQ KHDOWKFDUH VHUYLFH SURYLGHUV, LQFOXGLQJ WKH 1DWLRQDO &DQFHU &HQWUH RI 6LQJDSRUH, IRU WKH GHYHORSPHQW RI GLDJQRVWLF DQG SUHGLFWLYH FDQFHU WUHDWPHQW VROXWLRQV. 0U. .ZRQ ZDV DOVR H[WHQVLYHO\ LQYROYHG LQ D OHDGLQJ .RUHDQ KRVSLWDO¶V QHJRWLDWLRQ RI D KRVSLWDO RSHUDWLRQ FRQWUDFW ZLWK WKH .XZDLW JRYHUQPHQW, LQ ZKLFK WKH KRVSLWDO ZRXOG RSHUDWH RQH RI WKH ODUJHVW KRVSLWDOV RZQHG E\ WKH .XZDLW JRYHUQPHQW. 0U. .ZRQ DOVR KDV VXEVWDQWLDO H[SHULHQFH LQ DGYLVLQJ ERWK LQWHUQDWLRQDO DQG GRPHVWLF FOLHQWV UHJDUGLQJ YDULRXV SHUVRQDO GDWD SURWHFWLRQ UHJXODWRU\ LVVXHV, LQFOXGLQJ WKRVH UHODWLQJ WR PHGLFDO ELJ GDWD VHUYLFHV. +LV FOLHQWV LQFOXGH .RUHD¶V OHDGLQJ YHQGRU RI HOHFWURQLF PHGLFDO UHFRUG ((05) V\VWHPV, IRU ZKRP 0U. .ZRQ KDV DGYLVHG RQ WKHLU HQWU\ LQWR IRUHLJQ (05 PDUNHWV. 0U. .ZRQ LV FXUUHQWO\ XQGHUWDNLQJ D PDMRU OHJLVODWLYH SURMHFW RQ EHKDOI RI D JURXS RI LQWHUQDWLRQDO DQG GRPHVWLF FOLHQWV IRU XVH RI .RUHD¶V H[WHQVLYH FOLQLFDO GDWD IRU WKH ODXQFKLQJ RI .RUHD¶V PHGLFDO ELJ GDWD VHUYLFHV. 3ULQFLSDO 2FFXSDWLRQ DQG 3ULRU 3RVLWLRQV: 0U. .ZRQ MRLQHG /HH & .R LQ 1999 DQG KDV VLQFH 2010 EHHQ D VHQLRU IRUHLJQ DWWRUQH\. ,Q DGGLWLRQ, KH LV SUHVHQWO\ D PHPEHU RI D QXPEHU RI FRPPLWWHHV, LQFOXGLQJ WKH 3UHVLGHQWLDO &RPPLWWHH RQ 1RUWKHUQ (FRQRPLF &RRSHUDWLRQ, WKH FRPPLWWHH IRU WKH 0LQLVWU\ RI +HDOWK DQG :HOIDUH %LRKHDOWK ,QGXVWU\, WKH FRPPLWWHH IRU WKH 0LQLVWU\ RI +HDOWK DQG :HOIDUH <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

'U. 0\HRQJ-+HH <X LV UHFRJQL]HG DV D NH\ IHPDOH OHDGHU LQ WKH 6WDWXV: ,QGHSHQGHQW & WHFKQRORJ\, UHVHDUFK DQG LQGXVWU\, JRYHUQPHQW UHODWLRQV, DQG KHU ZRUN LQ - 10 - RI )RUHLJQ ([SDQVLRQ RI +HDOWKFDUH DQG WKH FRPPLWWHH RI 6HRXO 1DWLRQDO 8QLYHUVLW\ +RVSLWDO. 3ULRU WR MRLQLQJ /HH & .R, 0U. .ZRQ DFWHG DV DQ ([HFXWLYH 9LFH 3UHVLGHQW DW 6. +ROGLQJV, &R., /WG. (³6. *URXS´), D OHDGLQJ SURYLGHU RI GRPHVWLF DQG LQWHUQDWLRQDO FRPPHUFLDO SURGXFWV DQG VHUYLFHV LQ JOREDO HQHUJ\, FKHPLFDOV DQG WHOHFRPPXQLFDWLRQV VHFWRUV. 0U. .ZRQ¶V UROH ZLWK WKH 6. *URXS¶V FRUH PDQDJHPHQW WHDP (683(; 0DQDJHPHQW) FHQWHUHG RQ WKH JHQHUDWLRQ RI FRUSRUDWH SURILW DQG FXULQJ SHUIRUPDQFH LQHIILFLHQFLHV IRU VHYHUDO RI 6. *URXS¶V VLJQLILFDQW VXEVLGLDULHV, LQFOXGLQJ 6. 7HOHFRP, 6. %URDGEDQG (.RUHD¶V VHFRQG ODUJHVW EURDGEDQG FDUULHU) DQG 6. &&& (.RUHD¶V WKLUG ODUJHVW LQIRUPDWLRQ WHFKQRORJ\ VHUYLFH FRPSDQ\). 0U. .ZRQ KDG OHG +DQDUR 7HOHFRP, D SXEOLF FRPSDQ\ UHFRJQL]HG IRU LWV SURYLVLRQ RI FRPPHUFLDO GLJLWDO WHOHFRPPXQLFDWLRQ ($'6/) VHUYLFHV, DV &(2 EHIRUH MRLQLQJ 6. *URXS DV SDUW RI WKH 6. *URXS¶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• 2YHU 30 \HDUV RI LQWHUQDWLRQDO OHJDO H[SHULHQFH •6LJQLILFDQW KHDOWKFDUH H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ LQ DGYLVLQJ DQG DFWLQJ DV FRXQVHO IRU WUDQVDFWLRQV •8QGHUVWDQGLQJ DQG H[SHULHQFH RI D EURDG UDQJH RI WUDQVDFWLRQDO DQG UHJXODWRU\ PDWWHUV, LQFOXGLQJ LQ WKH KHDOWKFDUH VSDFH •([SHULHQFH ZLWK WKH FRPPHUFLDOL]DWLRQ RI FHUWDLQ SKDUPDFRORJLFDO SURGXFWV •)DPLOLDULW\ ZLWK &DQDGLDQ, 8QLWHG 6WDWHV DQG LQWHUQDWLRQDO PDUNHWV DQG WUDGH DFFHVV WKURXJK ELODWHUDO DQG PXOWLODWHUDO QHJRWLDWLRQV DQG JRYHUQPHQW SURFXUHPHQW SUDFWLFHV. 'U. 0\HRQJ-+HH <X %LRJUDSKLFDO ,QIRUPDWLRQ:1LO 6HRXO, .RUHD $JH:64 DGYDQFHPHQW DQG GHYHORSPHQW RI WKH ELR-WHFK LQGXVWU\ LQ .RUHD VWHPPLQJ IURP D ZHDOWK RI H[SHUWLVH WKURXJK KHU LQYROYHPHQW LQ WKH ILHOGV RI VFLHQFH SURPRWLQJ DQG DGYLVLQJ UHJXODWLRQ DQG SROLF\-PDNLQJ. )URP EHLQJ DZDUGHG <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 11 - WKH /¶2UpDO-81(6&2 $ZDUG IRU :RPHQ LQ 6FLHQFH IRU KHU UHVHDUFK LQ WKH 1998 WR DFWLQJ DV WKH 6HQLRU 6HFUHWDU\ WR WKH 3UHVLGHQW RI .RUHD IRU QDWLRQDO IXWXUH VWUDWHJ\ IURP 2010 WR 2013, DQG QRZ VHUYLQJ DV WKH 3UHVLGHQW RI WKH .RUHD )HGHUDWLRQ RI :RPHQ¶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¶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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 12 - )XWXUH 6WUDWHJ\ IRU WKH 3UHVLGHQW RI .RUHD DQG ZDV WKH 3UHVLGHQW RI ERWK 7KH .RUHDQ *HQRPH 2UJDQL]DWLRQ DQG 7KH .RUHDQ %LRSK\VLFV 6RFLHW\ LQ 2010. )URP -XO\ 2002 WR -XO\ 2010, 'U. <X KDG EHHQ WKH 'LUHFWRU RI )XQFWLRQDO 3URWHRPLFV &HQWHU, RQH RI 21& )URQWLHU 5&' ,QLWLDWLYHV RI 0LQLVWU\ RI 6FLHQFH DQG 7HFKQRORJ\, WR EXLOG XS QDWLRQDO LQIUDVWUXFWXUH RI HPHUJLQJ SURWHRPLFV WHFKQRORJ\. 'XULQJ WKH SHULRG, 'U. <X KDG EHHQ QRW RQO\ D GULYLQJ IRUFH IRU HVWDEOLVKLQJ WHFKQRORJ\ LQIUD-VWUXFWXUH GRPHVWLFDOO\ EXW DOVR D VWHHULQJ SRZHU IRU GHYHORSLQJ LQWHUQDWLRQDO FROODERUDWLRQV ZLWK WKH 1DWLRQDO &DQFHU ,QVWLWXWH RI WKH 8QLWHG 6WDWHV 'HSDUWPHQW RI +HDOWK DQG +XPDQ 6HUYLFHV. $V D UHVXOW, WKH 1DWLRQDO &DQFHU ,QVWLWXWH HQWHUHG LQWR PHPRUDQGXPV RI XQGHUVWDQGLQJ LQ 2009 DQG LQ 2016 ZLWK .,67 DQG .RUHD 8QLYHUVLW\, UHVSHFWLYHO\, ZKLFK SURYLGHG IRU FROODERUDWLYH HIIRUWV LQ SURWHRPLFV UHVHDUFK DQG WR IDFLOLWDWH WKH HVWDEOLVKPHQW RI ZKDW LV QRZ WKH ,QWHUQDWLRQDO &DQFHU 3URWHRJHQRPH &RQVRUWLXP. 7KH &RQVRUWLXP KDV QRZ EHFRPH D IRUXP IRU WKH VFLHQWLILF FROODERUDWLRQ EHWZHHQ VRPH RI WKH ZRUOG¶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 LQ 2008 IURP WKH .RUHD $GYDQFHG ,QVWLWXWH RI 6FLHQFH 7HFKQRORJ\ %XVLQHVV 6FKRRO DQG KHU //.0. IURP 1RUWKZHVWHUQ 8QLYHUVLW\ 6FKRRO RI /DZ LQ 2014. 1RWDEOH 6NLOOV: •2YHU 30 \HDUV RI ELRWHFKQRORJ\ H[SHULHQFH ERWK LQ .RUHD DQG LQWHUQDWLRQDOO\ •([SHULHQFH LQ JRYHUQDQFH RI RUJDQL]DWLRQV DQG FRPSDQLHV LQ ERWK WKH SULYDWH DQG SXEOLF VHFWRU •/RQJ-VWDQGLQJ LQYROYHPHQW LQ JRYHUQPHQWDO UHODWLRQV, SROLF\ GHYHORSPHQW DQG FRRSHUDWLYHV ZLWK LQWHUQDWLRQDO RUJDQL]DWLRQV •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usiness Corporations Act ($OEHUWD). (2) (DFK &RQFHUQHG 6KDUHKROGHU 1RPLQHH KDV FRQVHQWHG WR EHLQJ QDPHG DV D QRPLQHH LQ WKLV &LUFXODU. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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

 - 13 - *HQHUDO ,QIRUPDWLRQ DERXW WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV (DFK RI WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV KDV FRQVHQWHG WR VHUYLQJ DV D GLUHFWRU, LI HOHFWHG, DQG KDV FRQILUPHG WKH\ PHHW WKH GLUHFWRU HOLJLELOLW\ UHTXLUHPHQWV HVWDEOLVKHG XQGHU DSSOLFDEOH &DQDGLDQ ODZ, LQFOXGLQJ XQGHU WKH Business Corporations Act ($OEHUWD). ,I HOHFWHG, HDFK &RQFHUQHG 6KDUHKROGHU 1RPLQHH ZLOO KROG RIILFH XQWLO WKH FORVH RI WKH QH[W $QQXDO *HQHUDO 0HHWLQJ RI WKH 6KDUHKROGHUV RU XQWLO KLV VXFFHVVRU LV HOHFWHG RU DSSRLQWHG, XQOHVV KLV RU KHU RIILFH LV HDUOLHU YDFDWHG. 7R WKH NQRZOHGJH RI WKH &RQFHUQHG 6KDUHKROGHU, QR &RQFHUQHG 6KDUHKROGHU 1RPLQHH: (D)LV, DV DW WKH GDWH KHUHRI, RU KDV EHHQ, ZLWKLQ WHQ (10) \HDUV EHIRUH WKH GDWH KHUHRI, D GLUHFWRU, FKLHI H[HFXWLYH RIILFHU (³&(2´) RU FKLHI ILQDQFLDO RIILFHU (³&)2´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³LQGHSHQGHQW´ RI WKH &RUSRUDWLRQ ZLWKLQ WKH PHDQLQJ RI 6HFWLRQV 1.4 DQG 1.5 RI 1DWLRQDO ,QVWUXPHQW 52-110 ± Audit Committees (³1, 52-110´) DQG 1DWLRQDO ,QVWUXPHQW 58-101 ± Disclosure of Corporate Governance Practices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³$SSURYHG 0DQDJHPHQW 1RPLQHHV´): 0U. 3HWHU *UHHQOHDI, 'U. 'DYLG 5.:. -D\QH, 0U. -RVHSK +DJDQ, 'U. 0LFKDHO +D\GHQ DQG <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 14 - 8QOHVV RWKHUZLVH GLUHFWHG, WKH LQGLYLGXDOV QDPHG LQ WKH HQFORVHG *5((1 3UR[\ LQWHQG WR FDVW WKH YRWHV UHSUHVHQWHG E\ VXFK SUR[\ )25 WKH HOHFWLRQ RI WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV DQG )25 WKH HOHFWLRQ RI WKH $SSURYHG 0DQDJHPHQW 1RPLQHHV DV GLUHFWRUV RI WKH &RUSRUDWLRQ DQG :,7++2/' IURP WKH 5HMHFWHG 0DQDJHPHQW 1RPLQHHV. 4. $GYLVRU\ ³6D\ RQ 3D\´ 9RWH RQ ([HFXWLYH &RPSHQVDWLRQ $W WKH 0HHWLQJ, 6KDUHKROGHUV ZLOO EH DVNHG WR DSSURYH DQ DGYLVRU\ UHVROXWLRQ RQ WKH &RUSRUDWLRQ¶V DSSURDFK WR H[HFXWLYH FRPSHQVDWLRQ DV IROORZV: ³%( ,7 5(62/9(', RQ DQ DGYLVRU\ EDVLV DQG QRW WR GLPLQLVK WKH UROH DQG UHVSRQVLELOLWLHV RI WKH %RDUG, WKDW WKH VKDUHKROGHUV DFFHSW WKH DSSURDFK WR H[HFXWLYH FRPSHQVDWLRQ GLVFORVHG LQ WKH &RPSDQ\¶V LQIRUPDWLRQ FLUFXODU IRU WKH DQQXDO JHQHUDO PHHWLQJ RI VKDUHKROGHUV RI WKH &RPSDQ\ KHOG RQ -XQH 26, 2019.´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³*U\SKRQ´) WR DVVLVW ZLWK WKH &RQFHUQHG 6KDUHKROGHU¶V VROLFLWDWLRQ RI SUR[LHV DQG FRPPXQLFDWLRQV ZLWK 6KDUHKROGHUV. ,Q FRQQHFWLRQ ZLWK WKHVH VHUYLFHV *U\SKRQ LV H[SHFWHG WR UHFHLYH D IHH RI XS WR $150,000 SOXV GLVEXUVHPHQWV. *U\SKRQ PD\ EH FRQWDFWHG WROO IUHH LQ 1RUWK $PHULFD DW 1-833-266-0365 (1-416-661-6592 FROOHFW RXWVLGH RI 1RUWK $PHULFD), RU E\ HPDLO DW LQTXLULHV#JU\SKRQ.FD. 7KH FRVWV LQFXUUHG LQ WKH SUHSDUDWLRQ DQG PDLOLQJ RI WKLV &LUFXODU DQG WKH VROLFLWDWLRQ ZLOO EH ERUQH E\ WKH &RQFHUQHG 6KDUHKROGHU. +RZHYHU, WKH &RQFHUQHG 6KDUHKROGHU PD\ VHHN UHLPEXUVHPHQW IURP WKH &RUSRUDWLRQ RI FHUWDLQ RI WKH H[SHQVHV, LQFOXGLQJ FHUWDLQ SUR[\ VROLFLWDWLRQ H[SHQVHV DQG OHJDO IHHV, LQFXUUHG LQ FRQQHFWLRQ ZLWK WKH IRUHJRLQJ. $Q\ VXFK UHLPEXUVHPHQW ZRXOG UHTXLUH WKH DSSURYDO RI WKH ERDUG RI GLUHFWRUV RI WKH &RUSRUDWLRQ. 1R SHUVRQ LV DXWKRUL]HG E\ WKH &RQFHUQHG 6KDUHKROGHU WR JLYH LQIRUPDWLRQ RU WR PDNH DQ\ UHSUHVHQWDWLRQV UHODWLQJ WR PDWWHUV FRQWHPSODWHG E\ WKLV &LUFXODU RWKHU WKDQ WKRVH FRQWDLQHG LQ WKLV &LUFXODU DQG, LI JLYHQ RU PDGH, VXFK LQIRUPDWLRQ RU UHSUHVHQWDWLRQV PXVW QRW EH UHOLHG XSRQ DV KDYLQJ EHHQ DXWKRUL]HG WR EH JLYHQ RU PDGH. $SSRLQWPHQW RI 3UR[LHV $FFRPSDQ\LQJ WKLV &LUFXODU LV D *5((1 3UR[\ IRU 6KDUHKROGHUV WR FRPSOHWH. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶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³5HMHFWHG 0DQDJHPHQW 1RPLQHHV´).

 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³9RWLQJ ,QVWUXFWLRQV IRU %HQHILFLDO 2ZQHUV´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³)25´ IL[LQJ WKH QXPEHU RI GLUHFWRUV DW HLJKW (8), ³)25´ WKH HOHFWLRQ RI WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV DQG WKH $SSURYHG 0DQDJHPHQW 1RPLQHHV, ³:,7++2/'´ IRU WKH 5HMHFWHG 0DQDJHPHQW 1RPLQHHV DQG ³)25´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³9RWLQJ ,QVWUXFWLRQV IRU 1RQ-5HJLVWHUHG 2ZQHUV RI 6KDUHV´ LQ WKLV &LUFXODU IRU LQVWUXFWLRQV RQ KRZ WR UHYRNH DQ\ SUR[\ \RX JLYH LQ FRQQHFWLRQ ZLWK WKH 0HHWLQJ. 9RWLQJ ,QVWUXFWLRQV IRU 5HJLVWHUHG 6KDUHKROGHUV 7R HQVXUH \RXU YRWH LV YDOLG DQG VXEPLWWHG RQ WLPH E\ WKH &RUSRUDWLRQ¶V YRWLQJ GHDGOLQH, WKH *5((1 IRUP RI SUR[\ PXVW EH GHSRVLWHG ZLWK *U\SKRQ E\ QR ODWHU WKDQ 5:00SP (0RXQWDLQ 7LPH) RQ )ULGD\, -XQH 21, 2019 RU LI WKH 0HHWLQJ LV <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 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³%HQHILFLDO 2ZQHUV´) ZKR KROG WKHLU 6KDUHV WKURXJK D EDQN, EURNHU RU RWKHU ,QWHUPHGLDU\. 2QO\ UHJLVWHUHG KROGHUV RI 6KDUHV RU WKH SHUVRQV WKH\ DSSRLQW DV WKHLU SUR[\KROGHUV DUH SHUPLWWHG WR DWWHQG DQG YRWH DW WKH 0HHWLQJ. ,Q PDQ\ FDVHV, WKH 6KDUHV DUH UHJLVWHUHG HLWKHU: (L) LQ WKH QDPH RI DQ LQWHUPHGLDU\ (DQ ³,QWHUPHGLDU\´) WKDW WKH %HQHILFLDO 2ZQHU GHDOV ZLWK LQ UHVSHFW RI WKH 6KDUHV (,QWHUPHGLDULHV LQFOXGH, DPRQJ RWKHUV, EDQNV, WUXVW FRPSDQLHV, VHFXULWLHV GHDOHUV RU EURNHUV DQG WUXVWHHV RU DGPLQLVWUDWRUV RI VHOI-DGPLQLVWHUHG 5563V, 55,)V, 5(63V DQG VLPLODU SODQV); RU (LL) LQ WKH QDPH RI D GHSRVLWRU\, VXFK DV &'6 &OHDULQJ DQG 'HSRVLWRU\ 6HUYLFHV ,QF. LQ &DQDGD DQG 7KH 'HSRVLWRU\ 7UXVW &RPSDQ\ LQ WKH 8QLWHG 6WDWHV (WKH ³'HSRVLWDULHV´). <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 927,1* 0(7+2' 5(*,67(5(' 6+$5(+2/'(56 If your shares are held in your name and represented by a physical certificate %(1(),&,$/ 6+$5(+2/'(56 If your shares are held with a broker, bank or other intermediary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 0$,/ 0DLO \RXU *5((1 IRUP RI SUR[\ WR: 207 4XHHQV 4XD\ :, 6XLWH 320, 7RURQWR, 21, 05-1$7 0DLO \RXU *5((1 YRWLQJ LQVWUXFWLRQ IRUP LQ WKH UHSO\ HQYHORSH SURYLGHG.

 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f You Wish to Attend the Meeting (or Have Someone You Choose Attend for You) ,I, DV D %HQHILFLDO 2ZQHU, \RX ZLVK WR DWWHQG DQG YRWH DW WKH 0HHWLQJ LQ SHUVRQ (RU KDYH DQRWKHU SHUVRQ, ZKR QHHG QRW EH D VKDUHKROGHU, DWWHQG DQG YRWH RQ \RXU EHKDOI), WKH %HQHILFLDO 2ZQHU VKRXOG VWULNH RXW WKH QDPHV RI WKH SHUVRQV QDPHG LQ WKH *5((1 3UR[\ DQG LQVHUW WKH %HQHILFLDO 2ZQHU¶V QDPH RU VXFK RWKHU SHUVRQ¶V QDPH LQ WKH EODQN VSDFH SURYLGHG. $ 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¶V ZHEVLWH DW ZZZ.D+HDOWKLHU$XULQLD.FRP. 27+(5 ,03257$17 ,1)250$7,21 5HFRUG 'DWH DQG 9RWLQJ 6KDUHV 7KH UHFRUG GDWH IRU WKRVH HQWLWOHG WR UHFHLYH QRWLFH RI DQG YRWH DW WKH 0HHWLQJ KDV EHHQ IL[HG DV WKH FORVH RI EXVLQHVV RQ 0D\ 9, 2019 (WKH ³5HFRUG 'DWH´). %DVHG RQ $XULQLD¶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¶V QDPH EH LQFOXGHG RQ WKH OLVW RI 6KDUHKROGHUV HQWLWOHG WR YRWH DW WKH 0HHWLQJ. ,QWHUHVW LQ 0DWHULDO 7UDQVDFWLRQV RI WKH &RUSRUDWLRQ 0DWWHUV WR EH $FWHG 8SRQ ([FHSW DV RWKHUZLVH GLVFORVHG LQ WKLV &LUFXODU, WR WKH NQRZOHGJH RI WKH &RQFHUQHG 6KDUHKROGHU, QHLWKHU WKH &RQFHUQHG 6KDUHKROGHU, QRU DQ\ RI WKH 3URSRVHG 1RPLQHHV RU WKHLU UHVSHFWLYH DVVRFLDWHV RU DIILOLDWHV, KDV: (D) DQ\ PDWHULDO LQWHUHVW, GLUHFW RU LQGLUHFW, LQ DQ\ WUDQVDFWLRQ VLQFH WKH FRPPHQFHPHQW RI WKH &RUSRUDWLRQ¶V PRVW UHFHQWO\ FRPSOHWHG ILQDQFLDO \HDU RU LQ DQ\ SURSRVHG WUDQVDFWLRQ ZKLFK KDV PDWHULDOO\ DIIHFWHG RU ZLOO PDWHULDOO\ DIIHFW WKH &RUSRUDWLRQ RU DQ\ RI LWV VXEVLGLDULHV; RU (E) DQ\ PDWHULDO LQWHUHVW, GLUHFW RU LQGLUHFW, E\ ZD\ RI EHQHILFLDO RZQHUVKLS RI VHFXULWLHV RU RWKHUZLVH, LQ DQ\ PDWWHU FXUUHQWO\ NQRZQ WR EH DFWHG RQ DW WKH 0HHWLQJ , RWKHU WKDQ WKH HOHFWLRQ RI GLUHFWRUV. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 - 18 - ([FHSW DV RWKHUZLVH GLVFORVHG LQ WKLV &LUFXODU, LQIRUPDWLRQ FRQFHUQLQJ DQ\ PDWHULDO LQWHUHVWV, GLUHFW RU LQGLUHFW, RI DQ\ GLUHFWRU RU H[HFXWLYH RIILFHU RI WKH &RUSRUDWLRQ, DQ\ RWKHU ³LQIRUPHG SHUVRQ´ (DV VXFK WHUP LV GHILQHG LQ 1DWLRQDO ,QVWUXPHQW 51-102 ± Continuous Disclosure Obligations), DQ\ SHUVRQ ZKR, WR WKH NQRZOHGJH RI WKH GLUHFWRUV RU RIILFHUV RI WKH &RUSRUDWLRQ, EHQHILFLDOO\ RZQV RU H[HUFLVHV FRQWURO RU GLUHFWLRQ RYHU VHFXULWLHV FDUU\LQJ PRUH WKDQ 10% RI WKH YRWLQJ ULJKWV DWWDFKHG WR DQ\ FODVV RI RXWVWDQGLQJ YRWLQJ VHFXULWLHV RI WKH &RUSRUDWLRQ RU DQ\ DVVRFLDWH RU DIILOLDWH RI DQ\ RI WKH IRUHJRLQJ, LQ DQ\ WUDQVDFWLRQ VLQFH WKH EHJLQQLQJ RI WKH &RUSRUDWLRQ¶V PRVW UHFHQWO\ FRPSOHWHG ILQDQFLDO \HDU RU LQ DQ\ SURSRVHG WUDQVDFWLRQ ZKLFK KDV PDWHULDOO\ DIIHFWHG RU ZRXOG PDWHULDOO\ DIIHFW WKH &RUSRUDWLRQ RU DQ\ RI LWV VXEVLGLDULHV, RU LQ DQ\ PDWWHU WR EH DFWHG XSRQ DW WKH 0HHWLQJ, LV QRW ZLWKLQ WKH NQRZOHGJH RI WKH &RQFHUQHG 6KDUHKROGHU. )RU VXFK LQIRUPDWLRQ, UHDGHUV DUH UHIHUUHG WR WKH 0DQDJHPHQW &LUFXODU. ,QGHEWHGQHVV RI &RQFHUQHG 6KDUHKROGHU 1RPLQHHV 7KH &RQFHUQHG 6KDUHKROGHU LV QRW DZDUH RI DQ\ PHPEHUV RI WKH &RQFHUQHG 6KDUHKROGHU 1RPLQHHV (RU DQ\ RI WKHLU DVVRFLDWHV) ZKLFK DUH (RU ZKLFK KDYH EHHQ) LQGHEWHG WR WKH &RUSRUDWLRQ RU DQ\ RI LWV VXEVLGLDULHV DW DQ\ WLPH VLQFH WKH EHJLQQLQJ RI WKH ODVW FRPSOHWHG ILQDQFLDO \HDU RI WKH &RUSRUDWLRQ RU ZKLFK KDYH LQGHEWHGQHVV WR DQRWKHU HQWLW\ ZKLFK LV WKH VXEMHFW RI D JXDUDQWHH, VXSSRUW DJUHHPHQW, OHWWHU RI FUHGLW RU RWKHU VLPLODU DUUDQJHPHQW RU XQGHUVWDQGLQJ SURYLGHG E\ WKH &RUSRUDWLRQ RU DQ\ RI LWV VXEVLGLDULHV, H[FHSW DV PD\ RWKHUZLVH EH GLVFORVHG KHUHLQ RU LQ WKH 0DQDJHPHQW &LUFXODU. 3ULQFLSDO +ROGHUV RI 9RWLQJ 6HFXULWLHV ,QIRUPDWLRQ UHJDUGLQJ WKH EHQHILFLDO RZQHUVKLS, FRQWURO RU GLUHFWLRQ RYHU 6KDUHV KHOG RWKHU WKDQ E\ WKH &RQFHUQHG 6KDUHKROGHU DQG LWV GLUHFWRU QRPLQHHV LV QRW ZLWKLQ WKH NQRZOHGJH RI WKH &RQFHUQHG 6KDUHKROGHU. )RU WKLV LQIRUPDWLRQ, UHDGHUV DUH UHIHUUHG WR WKH 0DQDJHPHQW &LUFXODU. 2WKHU ,QIRUPDWLRQ 5HVSHFWLQJ WKH &RQFHUQHG 6KDUHKROGHU 7KH IROORZLQJ WDEOH VHWV RXW WKH QXPEHU RI 6KDUHV WKDW WKH &RQFHUQHG 6KDUHKROGHU H[HUFLVHV RZQHUVKLS RU FRQWURO RYHU DV DW WKH GDWH KHUHRI. 1DPH RI &RQFHUQHG 6KDUHKROGHU 1XPEHU RI 6KDUHV ,/-,1 617 &R., /WG. 11,106,409 ([HFXWLYH &RPSHQVDWLRQ, ,QGHEWHGQHVV, 0DQDJHPHQW &RQWUDFWV DQG (TXLW\ &RPSHQVDWLRQ 3ODQV ,QIRUPDWLRQ UHJDUGLQJ WKH FRPSHQVDWLRQ RI QDPHG H[HFXWLYH RIILFHUV DQG GLUHFWRUV RI WKH &RUSRUDWLRQ (LQFOXGLQJ WKH LQIRUPDWLRQ SUHVFULEHG E\ )RUP 51-102)6 ± Statement of Executive Compensation), WKH LQGHEWHGQHVV RI WKH &RUSRUDWLRQ¶V GLUHFWRUV DQG RIILFHUV RU WKHLU UHVSHFWLYH DVVRFLDWHV, PDQDJHPHQW FRQWUDFWV WKDW PD\ EH LQ SODFH DW WKH &RUSRUDWLRQ, VHFXULWLHV DXWKRUL]HG IRU LVVXDQFH XQGHU WKH &RUSRUDWLRQ¶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 DW ZZZ.VHGDU.FRP. 6KDUHKROGHUV PD\ UHTXHVW FRSLHV RI WKH &RUSRUDWLRQ¶V ILQDQFLDO VWDWHPHQWV DQG 0'&$ E\ FRQWDFWLQJ WKH &RUSRUDWLRQ DW 6XLWH 1203 ± 4464 0DUNKDP 6WUHHW, 9LFWRULD, %ULWLVK &ROXPELD 98= 7;8. <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 &(57,),&$7( 7KH FRQWHQWV DQG WKH VHQGLQJ RI WKLV &LUFXODU KDYH EHHQ DSSURYHG E\ WKH &RQFHUQHG 6KDUHKROGHU. -XQH 2, 2019 (signed) “Young-Hwa Kim” ,/-,1 617 &R., /WG., E\ <RXQJ-+ZD .LP, &KLHI ([HFXWLYH 2IILFHU <285 6833257 ,6 (;75(0(/< ,03257$17 ± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP.

 +2: 72 &$67 <285 927( 72 3527(&7 <285 ,19(670(17 ,1 $85,1,$ 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± 927( 21/< <285 *5((1 352;< 25 *5((1 9,) 72'$< )RU TXHVWLRQV RU DVVLVWDQFH, SOHDVH FRQWDFW ,/-,1¶V VWUDWHJLF VKDUHKROGHU DGYLVRU DQG SUR[\ VROLFLWRU, *U\SKRQ, DW 1-833-266-0365 WROO-IUHH LQ 1RUWK $PHULFD, RU 1-416-661-6592 RXWVLGH RI 1RUWK $PHULFD (FROOHFW FDOOV DFFHSWHG), RU E\ H-PDLO DW LQTXLULHV#JU\SKRQ.FD. 7R NHHS FXUUHQW ZLWK IXUWKHU GHYHORSPHQWV DQG WR YRWH \RXU VKDUHV, YLVLW ZZZ.D+HDOWKLHU$XULQLD.FRP. 927,1* 0(7+2' 5(*,67(5(' 6+$5(+2/'(56 If your shares are held in your name and represented by a physical certificate %(1(),&,$/ 6+$5(+2/'(56 If your shares are held with a broker, bank or other intermediary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 0$,/ 0DLO \RXU *5((1 IRUP RI SUR[\ WR: 207 4XHHQV 4XD\ :, 6XLWH 320, 7RURQWR, 21, 05-1$7 0DLO \RXU *5((1 YRWLQJ LQVWUXFWLRQ IRUP LQ WKH UHSO\ HQYHORSH SURYLGHG.

The Time for Change is Now. If you have any questions or require any assistance in executing your GREEN proxy or voting instruction form, please call Gryphon Advisors Inc. at: 1-833-266-0365 1-416-661-6592 inquiries@gryphonadvisors.ca 1-877-218-5372 1-416-214-3224 North American Toll-Free Number Outside North America, Banks, Brokers and Collect Calls Email North American Toll-Free Facsimile Facsimile For up to date information and assistance in voting please visit the website: www.aHealthierAurinia.com