MANAGEMENT PROXY CIRCULAR Triple Flag Precious Metals Corp. Annual Meeting of Shareholders May 11, 2022 This document contains: Notice of Annual Meeting of Shareholders Management Proxy Circular

ڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG LETTER FROM THE CHAIR ŰÿŲÿŃĪŰĪŲƸܹƫ ŰÿŲÿŃĪŰĪŲƸ ǝŏƸŊƸŊĪěĪƫƸ ŃĪż-܉ĪŰŏŲŏŲŃ ÿƫÿƫƫĪŰěŧĪģ parties. ŰŏƫƫŏżŲƫżłżǀƣ on neutrality ģǜŏƫŏżŲ܏SÿŰ communities.” Letter from the Chair positive force in our host sustainable investment and these issues that make us a of engagement surrounding by and proud of the high level SÿŰĪŲĜżǀƣÿŃĪģ܉šżǀƣŲĪǣƫżłÿƣ “ ƫSƣĪǵŧĪĜƸěÿĜŤżŲ¼ƣŏƠŧĪFŧÿŃܹƫ Director and Chair Dawn Whittaker Thank you all. Triple Flag continues its development as a publicly listed company. ŰĪŲƸƸĪÿŰÿƣĪĜżŰŰŏƸƸĪģƸżǝżƣŤŏŲŃłżƣżǀƣłĪŧŧżǝƫŊÿƣĪŊżŧģĪƣƫÿƫ żÿƣģ ÿŲģ ŰÿŲÿŃĪ- Ƹż żǀƣ ŲĪǝ ƠǀěŧŏĜ ƫŊÿƣĪŊżŧģĪƣƫ܏ ¼ŊĪ ¼ƣŏƠŧĪ FŧÿŃ ¼ƣŏƠŧĪFŧÿŃܹƫěǀƫŏŲĪƫƫ܏SǝżǀŧģŧŏŤĪƸżĜŧżƫĪěǣŃŏǜŏŲŃŰǣƫŏŲĜĪƣĪƸŊÿŲŤƫ ǀƠģÿƸŏŲŃ żǀƣ ƫƸÿŤĪŊżŧģĪƣƫ żŲ żǀƣ ƠƣżŃƣĪƫƫ ÿƫ ǝĪ ƫǀƫƸÿŏŲÿěŧǣ Ńƣżǝ ÿĜĜƣĪƸŏǜĪŃƣżǝƸŊÿƫÿƠǀěŧŏĜĜżŰƠÿŲǣ܏àĪŧżżŤłżƣǝÿƣģƸż܉ƠƣżǿƸÿěŧĪ ǝĪ ÿƣĪ ĜżŲǿģĪŲƸ ƸŊÿƸ ǝĪ ĜÿŲ ĜżŲƸŏŲǀĪ ¼ƣŏƠŧĪ FŧÿŃܹƫ ƸƣÿĜŤ ƣĪĜżƣģżł ŲĪǝŏŲǜĪƫƸżƣƫƸżšżŏŲƸŊĪ¼ƣŏƠŧĪFŧÿŃšżǀƣŲĪǣ܏¼ŊĪłǀƸǀƣĪŏƫěƣŏŃŊƸÿŲģ ǝĪǝĪŧĜżŰĪģ܉ڍڎڌڎÃƠżŲżǀƣƫǀĜĜĪƫƫłǀŧŏŲŏƸŏÿŧƠǀěŧŏĜżǳłĪƣŏŲŃŏŲrÿǣżł ܏ŏŲƸĪƣĪƫƸƫǝŏƸŊƸŊżƫĪżłżǀƣƫŊÿƣĪŊżŧģĪƣƫ ģŏƣĪĜƸŧǣÿŧŏŃŲŏŲŃŰÿŲÿŃĪŰĪŲƸܹƫ܉żł¼ƣŏƠŧĪFŧÿŃܹƫĪƢǀŏƸǣބڐƸĪÿŰżǝŲƫ żǀƣŰÿŲÿŃĪŰĪŲƸ܉ŏŲƸŊĪƫĪĜƸżƣÿŲģģƣŏǜĪƠƣżǿƸÿěŧĪŃƣżǝƸŊ܏rżƣĪżǜĪƣ ĜżŰŰĪƣĜŏÿŧÿŲģǿŲÿŲĜŏÿŧĪǢƠĪƣƸŏƫĪƸżĜżŰƠĪƸĪǝŏƸŊƸŊĪěĪƫƸ܉ŧżŃŏĜÿŧ ŃĪż-܉ƫƠĪĜŏÿŧŏǭĪģÿŲģÿŃŏŧĪƸĪÿŰǝŏƸŊƸŊĪŰŏŲŏŲŃ܉ÿŊŏŃŊŧǣĪǢƠĪƣŏĪŲĜĪģ ÿŲģŊÿƫÿƫƫĪŰěŧĪģڒڍڌڎłżǀŲģĪģ¼ƣŏƠŧĪFŧÿŃŏŲ܉ŊÿǀŲÃƫŰÿƣ®܉/ ǀƣ attributable portion of metals production of our counterparties. ŃƣĪĪŲŊżǀƫĪŃÿƫĪŰŏƫƫŏżŲƫżłżǀƣڏŏŲĜŧǀģŏŲŃƸŊĪ®ĜżƠĪ܉łƣżŰŏŲĜĪƠƸŏżŲ particularly pleased that Triple Flag has achieved carbon neutrality ÿŲģƫĪƸƸŏŲŃżǀƸżǀƣǝŏģĪƣ/®GƫƸƣÿƸĪŃǣÿŲģǜŏƫŏżŲ܏SÿŰ܉ƠĪƣłżƣŰÿŲĜĪ ƫÿłĪƸǣÿŲģƫżĜŏÿŧ܉ĪŲǜŏƣżŲŰĪŲƸÿŧ܉ŊŏŃŊŧŏŃŊƸŏŲŃżǀƣŃżǜĪƣŲÿŲĜĪ܉¦ĪƠżƣƸ ǝĪ ƠǀěŧŏƫŊĪģ żǀƣ ŏŲÿǀŃǀƣÿŧ ®ǀƫƸÿŏŲÿěŏŧŏƸǣ ܉ڍڎڌڎ ĜżŰŰǀŲŏƸŏĪƫ܏ SŲ that make us a sustainable investment and positive force in our host and proud of the high level of engagement surrounding these issues S ÿŰ ĪŲĜżǀƣÿŃĪģ ěǣ ܉ƫ S ƣĪǵŧĪĜƸ ěÿĜŤ żŲ ¼ƣŏƠŧĪ FŧÿŃܹƫ šżǀƣŲĪǣ ƫż łÿƣ our portfolio. ěǣƫǀƠƠżƣƸŏŲŃƣĪƫƠżŲƫŏěŧĪÿŲģƫǀƫƸÿŏŲÿěŧĪŏŲǜĪƫƸŰĪŲƸƫÿĜƣżƫƫ܉ŏƸŏĪƫ ŏŲĜŧǀģŏŲŃ ŧżĜÿŧ ĜżŰŰǀŲ- ܉ƠǀƣƠżƫĪ łżƣ ƸŊĪ ǝŏģĪƣ ƫĪƸ żł ƫƸÿŤĪŊżŧģĪƣƫ and ESG support. This mission intrinsically requires a strong sense of ĜÿƠÿěŏŧŏƸŏĪƫ܉ǜŏÿżǀƣŲĪƸǝżƣŤƫ܉żǳłĪƣŏŲŃǜÿŧǀĪěĪǣżŲģĜÿƠŏƸÿŧÿƫƠÿƣƸŲĪƣƫ ǝŊŏŧĪ܉ĜǣĜŧĪěǣƠƣżǜŏģŏŲŃĜǀƫƸżŰŏǭĪģƫƸƣĪÿŰŏŲŃÿŲģƣżǣÿŧƸǣǿŲÿŲĜŏŲŃ funding partner to mining companies throughout the commodity as a publicly listed company. Triple Flag's mission is to be a preferred It gives me great pleasure to look back at Triple Flag’s inaugural period Letter from the Chair

ژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƸŊĪǜżƸŏŲŃģĪÿģŧŏŲĪÿŲģrĪĪƸŏŲŃģÿƸĪ ŲŲǀÿŧ¦ĪƠżƣƸŏŲÿģǜÿŲĜĪżłڍڎڌڎżƣƸŊĪܕŧŏŤĪƸżƣĪĜĪŏǜĪƸŊĪ ŏƣĜǀŧÿƣÿŲģ ŏłǣżǀǝżǀŧģܡǿĪģŏŲǣżǀƣǜżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰÿƫƸŊĪǜżƸŏŲŃģĪÿģŧŏŲĪ ÿƸŧĪÿƫƸƫĪǜĪŲěǀƫŏŲĪƫƫģÿǣƫŏŲÿģǜÿŲĜĪżłƸŊĪģÿƸĪÿŲģƸŏŰĪƫƠĪĜŏ-܉ŏ܏Ī܏ܠ ڎڎڌڎ ܉ڎ ƣĪƢǀĪƫƸ ŰǀƫƸ ěĪ ƣĪĜĪŏǜĪģ ěǣ rÿǣ ܏ܡFƣĪŲĜŊܠ ڒڌڏڕܫڎڒڑܫڏڌڏ żƣܡŲŃŧŏƫŊ/ܠ ڑڌڏڕܫڎڒڑܫڏڌڏ ÿƸ ܉żǀƸƫŏģĪ ÿŲÿģÿ ÿŲģ ƸŊĪ ÃŲŏƸĪģ ®ƸÿƸĪƫ żƣ ܉ڏڐڒړܫړڌڕܫړړڔܫڍ ÿƸ ܡ”Broadridge“ܠ żŰŰǀŲŏĜÿƸŏżŲƫ żƣƠżƣÿƸŏżŲ ƣżÿģƣŏģŃĪSŲǜĪƫƸżƣǣżǀŰÿǣƫǀěŰŏƸÿƣĪƢǀĪƫƸěǣĜÿŧŧŏŲŃ܉ŧƸĪƣŲÿƸŏǜĪŧǣ ܏żŲǣżǀƣǜżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰÿŲģłżŧŧżǝŏŲŃƸŊĪŏŲƫƸƣǀĜƸŏżŲƫƠƣżǜŏģĪģ ģŏŃŏƸĜżŲƸƣżŧŲǀŰěĪƣŧżĜÿƸĪģܫڒڍƸżǝǝǝ܏ƠƣżǢǣǜżƸĪ܏ĜżŰÿŲģĪŲƸĪƣŏŲŃƸŊĪ ÿƣĪƢǀĪƫƸŰÿǣěĪŰÿģĪěǣŃżŏŲŃ܉ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܫSłǣżǀÿƣĪÿŲżŲ ܏łƣżŰƸŊĪģÿƸĪƸŊÿƸƸŊĪ ŏƣĜǀŧÿƣǝÿƫǿŧĪģżŲ®/'¦ the 2021 Annual Report be mailed to them at no cost for up to one year żƣܕŧŧƫŊÿƣĪŊżŧģĪƣƫŰÿǣƣĪƢǀĪƫƸƸŊÿƸƠÿƠĪƣĜżƠŏĪƫżłƸŊĪ ŏƣĜǀŧÿƣÿŲģ HOW TO OBTAIN PAPER COPIES OF THE MEETING MATERIALS ܏żƣ'¦®ƫƸÿƸĪŰĪŲƸܡƫܠÿƠƠĪÿƣƫģŏƣĪĜƸŧǣżŲƸŊĪƫŊÿƣĪĜĪƣƸŏǿĜÿƸĪ ƫƸÿƸĪŰĪŲƸÿŲģǣżǀƣŲÿŰĪܡ®¦'ܠĜÿƸĪżƣÿģŏƣĪĜƸƣĪŃŏƫƸƣÿƸŏżŲƫǣƫƸĪŰ æżǀÿƣĪÿƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣŏłǣżǀŊżŧģÿƠÿƠĪƣƫŊÿƣĪĜĪƣƸŏǿ- ށ .of any type shareholder if your Common Shares are held in a brokerage account ƣĪŃŏƫƸĪƣĪģܫǣżǀÿƣĪÿŲżŲ܉ěƣżŤĪƣżƣżƸŊĪƣŏŲƸĪƣŰĪģŏÿƣǣ܏FżƣĪǢÿŰƠŧĪ ܉ƸƣǀƫƸĜżŰƠÿŲǣ܉ żŰŰżŲ®ŊÿƣĪƫÿƣĪƣĪŃŏƫƸĪƣĪģŏŲƸŊĪŲÿŰĪżłÿěÿŲŤ ŏł ǣżǀ żǝŲ żŰŰżŲ ®ŊÿƣĪƫ ŏŲģŏƣĪĜƸŧǣ ÿŲģ ǣżǀƣ ܡĜŏÿŧ ƫŊÿƣĪŊżŧģĪƣ ÿŧƫż ŤŲżǝŲ ÿƫ ÿ ěĪŲĪǿ-ܠ ƣĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģĪƣܫæżǀ ÿƣĪ ÿ ŲżŲ ށ ܏ÿƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܡŏŏܠżƣܔƫŊÿƣĪŊżŧģĪƣ ƣĪŃŏƫƸĪƣĪģܫÿŲżŲܡŏܠ܈ǣżǀƫŊżǀŧģǿƣƫƸģĪƸĪƣŰŏŲĪǝŊĪƸŊĪƣǣżǀÿƣĪ܉¦ĪƠżƣƸ ŲŲǀÿŧڍڎڌڎżƣƸŊĪܕSłǣżǀǝżǀŧģŧŏŤĪÿƠÿƠĪƣĜżƠǣżłƸŊĪ ŏƣĜǀŧÿƣÿŲģ ttܰ¦/GS®¼/¦/'t'¦/GS®¼/¦/'®N¦/Nh'/¦® ܏ǝǝǝ܏ƫĪģÿƣ܏ĜżŰ żƣǀŲģĪƣƸŊĪ żŰƠÿŲǣܹƫ®/'¦ƠƣżǿŧĪÿƸ܉ǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰ܉ƫŏƸĪ ¼ŊĪrĪĪƸŏŲŃrÿƸĪƣŏÿŧƫĜÿŲěĪǜŏĪǝĪģżŲŧŏŲĪżŲƸŊĪ żŰƠÿŲǣܹƫǝĪě- WEBSITES WHERE THE MEETING MATERIALS ARE POSTED noticeandaccess. ܕǝǝǝ܏ĜżŰƠǀƸĪƣƫŊÿƣĪ܏ĜżŰ܈żƣěǣŃżŏŲŃƸżڎڕڐڌܫڐڒڕܫڒڒڔܫڍƸżŧŧłƣĪĪÿƸ Computershare”)“ܠ ĜÿŲ Ĝÿŧŧ żŰƠǀƸĪƣƫŊÿƣĪ SŲǜĪƫƸżƣ ®ĪƣǜŏĜĪƫ SŲĜ܏ ®ŊÿƣĪŊżŧģĪƣƫ ǝŏƸŊ ƢǀĪƫƸŏżŲƫ ÿěżǀƸ ƸŊĪ ŲżƸŏĜĪ ÿŲģ ÿĜĜĪƫƫ ƠƣżĜĪģǀƣĪ ܏ĜĜĪƫƫܷŏŲƸŊĪ ŏƣĜǀŧÿƣłżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫ ÿŧŧŏŲłżƣŰÿƸŏżŲĜżŲƸÿŏŲĪģŏŲƸŊĪ ŏƣĜǀŧÿƣěĪłżƣĪǜżƸŏŲŃ܏®ĪĪܶtżƸŏĜĪÿŲģ ŰÿƸƸĪƣƫƸżěĪģĪÿŧƸǝŏƸŊÿƸƸŊĪrĪĪƸŏŲŃ܏æżǀƫŊżǀŧģÿĜĜĪƫƫÿŲģƣĪǜŏĪǝ “Common Shares”) provide additional information concerning the ƸŊĪܠłżƣƸŊĪĜżŰŰżŲƫŊÿƣĪƫżłƸŊĪ żŰƠÿŲǣܡǜżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰ żƣܠżłrĪĪƸŏŲŃŏŲÿŲĪŧĪĜƸƣżŲŏĜłżƣŰÿƸ܏¼ŊĪ ŏƣĜǀŧÿƣÿŲģłżƣŰżłƠƣżǢǣ ĜżŲƫĪŲƸĪģƸżĪŧĪĜƸƣżŲŏĜģĪŧŏǜĪƣǣżłŰÿƸĪƣŏÿŧƫÿƣĪƣĪĜĪŏǜŏŲŃƸŊŏƫtżƸŏĜĪ ƠÿƠĪƣĜżƠŏĪƫżłģżĜǀŰĪŲƸƫŏŲŧÿƣŃĪƢǀÿŲƸŏƸŏĪƫ܏®ŊÿƣĪŊżŧģĪƣƫǝŊżŊÿǜĪ costs and the environmental impact of producing and distributing ¼ŊĪƠƣŏŲĜŏƠÿŧěĪŲĪǿƸżłƸŊĪŲżƸŏĜĪÿŲģÿĜĜĪƫƫƠƣżĜĪģǀƣĪŏƫƸŊÿƸŏƸƣĪģǀĜĪƫ ܏ŏŲłżƣŰÿƸŏżŲÿěżǀƸŊżǝƸżÿĜĜĪƫƫƸŊĪrĪĪƸŏŲŃrÿƸĪƣŏÿŧƫĪŧĪĜƸƣżŲŏĜÿŧŧǣ ǣżǀÿƣĪƣĪĜĪŏǜŏŲŃƸŊŏƫtżƸŏĜĪżłrĪĪƸŏŲŃǝŊŏĜŊĜżŲƸÿŏŲƫ܉ŏŲŃrÿƸĪƣŏÿŧƫ ŏŲƫƸĪÿģżłƣĪĜĪŏǜŏŲŃƠÿƠĪƣĜżƠŏĪƫżłƸŊĪrĪĪƸ-܉ÿƸƸŊĪrĪĪƸŏŲŃ܏NżǝĪǜĪƣ ĪŲÿěŧŏŲŃǣżǀƸżǜżƸĪܡżƣǜżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰܠƣĪĜĪŏǜĪÿłżƣŰżłƠƣżǢǣ ǣżǀÿƣĪƫƸŏŧŧĪŲƸŏƸŧĪģƸż܉ÃŲģĪƣƸŊĪŲżƸŏĜĪÿŲģÿĜĜĪƫƫƠƣżĜĪģǀƣĪ܏ܡ”rials ƸŊĪ “Meeting Mate- ܉Annual Report” ÿŲģ ƸżŃĪƸŊĪƣ ǝŏƸŊ ƸŊĪ ŏƣĜǀŧÿƣ ƸŊĪ“2021ܠڍڎڌڎ܉ڍڏģŏƫĜǀƫƫŏżŲÿŲģÿŲÿŧǣƫŏƫłżƣƸŊĪǣĪÿƣĪŲģĪģ'ĪĜĪŰěĪƣ ÿŲģƸŊĪÿŲŲǀÿŧĜżŲƫżŧŏģÿƸĪģǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫÿŲģŰÿŲÿŃĪŰĪŲƸܹƫ the Canadian Securities Administrators for the delivery of the Circular ¼ŊĪܶ żŰƠÿŲǣŏƫǀƫŏŲŃƸŊĪܶŲżƸŏĜĪÿŲģÿĜĜĪƫƫܷƠƣżĜĪģǀƣĪÿģżƠƸĪģěǣ NOTICE AND ACCESS ܏ƸŊĪrĪĪƸŏŲŃ ŏŲƸŊĪ ŏƣĜǀŧÿƣłżƣģĪƸÿŏŧĪģŏŲƫƸƣǀĜƸŏżŲƫżŲŊżǝƸżÿƸƸĪŲģÿŲģǜżƸĪÿƸ ܷܐĜĪģǀƣĪƫ܏®ĪĪܶNżǝģżSÿƸƸĪŲģÿŲģƠÿƣƸŏĜŏƠÿƸĪŏŲƸŊĪǜŏƣƸǀÿŧrĪĪƸŏŲŃ šżŏŲƸŊĪrĪĪƸŏŲŃƸżĜŊĪĜŤĜżŰƠÿƸŏěŏŧŏƸǣÿŲģĜżŰƠŧĪƸĪƸŊĪƣĪŧÿƸĪģƠƣż- æżǀƫŊżǀŧģÿŧŧżǝÿŰƠŧĪƸŏŰĪƸż܏ڐæNڎڕrܕŰĪĪƸŲżǝ܏Ńŧżěÿŧܕܕ܈ÿƸŊƸƸƠƫ æżǀ ĜÿŲ ÿƸƸĪŲģ ƸŊĪ rĪĪƸŏŲŃ ěǣ šżŏŲŏŲŃ ƸŊĪ ŧŏǜĪ ǝĪěĜÿƫƸ żŲŧŏŲĪ ÿƸ platform. ěÿƫĪģܫƸŏĜŏƠÿƸĪŏŲÿŲģǜżƸĪÿƸƸŊĪrĪĪƸŏŲŃŏŲƣĪÿŧƸŏŰĪƸŊƣżǀŃŊÿǝĪě Ơÿƣ-܉ǜŏƣƸǀÿŧŰĪĪƸŏŲŃłżƣŰÿƸżŲŧǣ܏®ŊÿƣĪŊżŧģĪƣƫǝŏŧŧěĪÿěŧĪƸżŧŏƫƸĪŲƸż ƸŊĪrĪĪƸŏŲŃǝŏŧŧěĪŊĪŧģŏŲÿ܉ƠÿŲģĪŰŏĜڕڍܫ''ǀĪƸżƸŊĪżŲŃżŏŲŃ ßS ܏ǝŏŧŧěĪĪŲƸŏƸŧĪģƸżǜżƸĪÿƸƸŊĪrĪĪƸŏŲŃ ڎڎڌڎ܉ڌڏŲŧǣƫŊÿƣĪŊżŧģĪƣƫżłƣĪĜżƣģÿƸƸŊĪĜŧżƫĪżłěǀƫŏŲĪƫƫżŲrÿƣĜŊ ܏ƸŊĪrĪĪƸŏŲŃżƣÿŲǣÿģšżǀƣŲŰĪŲƸżƣƠżƫƸƠżŲĪŰĪŲƸƸŊĪƣĪżł to transact such other business as may properly be brought before ށ ÿŲģܔĜżŰƠĪŲƫÿƸŏżŲ to vote on the advisory resolution on the approach to executive ށ ܔܡÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫ ƫĪĪ ܶƠƠżŏŲƸŰĪŲƸ żł ƸŊĪ ǀģŏƸżƣܷ ŏŲ ƸŊĪ ŏƣĜǀŧÿƣ łżƣܠ ŲĪƣÿƸŏżŲ ܫÿŲģƸżÿǀƸŊżƣŏǭĪƸŊĪģŏƣĪĜƸżƣƫƸżǿǢƸŊĪÿǀģŏƸżƣܹƫƣĪŰǀڎڎڌڎłżƣ PwC”) as our auditor“ܠ Ƹż ÿƠƠżŏŲƸ ƣŏĜĪǝÿƸĪƣŊżǀƫĪ żżƠĪƣƫ hh ށ ܔܡłżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫܡ”ƸŊĪ“CircularܠrÿŲÿŃĪŰĪŲƸƣżǢǣ ŏƣĜǀŧÿƣ żÿƣģżł'ŏƣĪĜƸżƣƫܷŏŲƸŊĪƫĪĪܶ/ŧĪĜƸŏżŲżłƸŊĪܠƸżĪŧĪĜƸƸŊĪģŏƣĪĜƸżƣƫ ށ ܔÿŲģƸŊĪÿǀģŏƸżƣܹƫƣĪƠżƣƸƸŊĪƣĪżŲ܉ڍڎڌڎ܉ڍڏǣĪÿƣĪŲģĪģ'ĪĜĪŰěĪƣ Ƹż ƣĪĜĪŏǜĪ ƸŊĪ ĜżŲƫżŧŏģÿƸĪģ ǿŲÿŲĜŏÿŧ ƫƸÿƸĪŰĪŲƸƫ łżƣ ƸŊĪ ǿŲÿŲĜŏÿŧ ށ ܈łżƣƸŊĪłżŧŧżǝŏŲŃƠǀƣƠżƫĪƫܡÿƫƸĪƣŲ¼ŏŰĪ/ܠÿ܏Ű܏ڌڍÿƸ܉ڎڎڌڎ܉ڍڍrÿǣ܉ģÿǣ ǝŏŧŧěĪŊĪŧģżŲàĪģŲĪƫ-ܡ”ƸŊĪ“CompanyܠFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ܏ ƸŊĪ “Meeting”) of Tripleܠ ŲŲǀÿŧ rĪĪƸŏŲŃ żł ®ŊÿƣĪŊżŧģĪƣƫ ڍڎڌڎ ¼ŊĪ NOTICE OF ANNUAL MEETING OF SHAREHOLDERS ABOUT THE MEETING About the Meeting

ڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ŲƸÿƣŏż܉żƣżŲƸż¼ ڎڎڌڎ܉ڌڏrÿƣĜŊ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy ܉®¦¼ /¦¦'F'Sæ¦'/¦F¼N/ Circular for additional details. ŏŲƸŊĪܷܐrĪĪƸŏŲŃ܏®ĪĪܶNżǝģżSǜżƸĪŏłSÿŰÿƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣ ěĪłżƣĪ ƸŊĪ ģÿƸĪ żł ƸŊĪ ÿģšżǀƣŲĪģ żƣ ƠżƫƸƠżŲĪģ ܡƫƸÿƸǀƸżƣǣ Ŋżŧŏģÿǣƫ ǀŲģÿǣƫÿŲģ®܉ĪǢĜŧǀģŏŲŃ®ÿƸǀƣģÿǣƫܠŊżǀƣƫڔڐ܉ÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģ ŏł ƸŊĪ rĪĪƸŏŲŃ ŏƫ܉żƣ ڎڎڌڎ ܉ڕ żŲ rÿǣ ܡÿƫƸĪƣŲ ¼ŏŰĪ/ܠ ÿ܏Ű܏ ڌڌ܈ڌڍ ƸŊÿŲ on the form. Computershare must receive completed proxies no later ŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪģŏƣĪĜƸŏżŲƫ܉ǜżƸŏŲŃŏŲÿģǜÿŲĜĪǜŏÿƸŊĪŏŲƸĪƣŲĪƸ żƣ܉ĜŏƫĪƸŊĪŏƣƣŏŃŊƸƸżǜżƸĪěǣƫŏŃŲŏŲŃÿŲģƣĪƸǀƣŲŏŲŃƸŊĪłżƣŰżłƠƣżǢǣ ƫŊÿƣĪŊżŧģĪƣƫ ǝŊż ÿƣĪ ǀŲÿěŧĪ Ƹż ÿƸƸĪŲģ ƸŊĪ rĪĪƸŏŲŃ ƫŊżǀŧģ ĪǢĪƣ- rĪĪƸŏŲŃěǣżŲŧŏŲĪěÿŧŧżƸƸŊƣżǀŃŊƸŊĪŧŏǜĪǝĪěĜÿƫƸƠŧÿƸłżƣŰ܏¦ĪŃŏƫƸĪƣĪģ Registered shareholders are entitled to vote by proxy or during the Registered shareholders ܏ŏŲƸŊĪ ŏƣĜǀŧÿƣłżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫܷܐƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܫŲżŲ ǝŏŧŧŲżƸěĪÿěŧĪƸżÿƫŤƢǀĪƫƸŏżŲƫżƣǜżƸĪ܏®ĪĪܶNżǝģżSǜżƸĪŏłSÿŰÿ rĪĪƸŏŲŃÿƫÿŃǀĪƫƸ܏GǀĪƫƸƫǝŏŧŧěĪÿěŧĪƸżŧŏƫƸĪŲƸżƸŊĪrĪĪƸŏŲŃěǀƸ ŏŲƸŊĪrĪĪƸŏŲŃÿŲģƫǀĜŊƠƣżǢǣŊżŧģĪƣǝżǀŧģżŲŧǣěĪÿěŧĪƸżÿƸƸĪŲģƸŊĪ result in such proxyholder not receiving a control number to participate ǣżǀŊÿǜĪģĪƫŏŃŲÿƸĪģƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪǝŏŧŧ proxy or voting instruction form. Failure to register the proxyholder ÿǽƸĪƣƫǀěŰŏƸƸŏŲŃƸŊĪłżƣŰżł܉żŰƠǀƸĪƣƫŊÿƣĪ ܉ǝŏƸŊżǀƣƸƣÿŲƫłĪƣÿŃĪŲƸ ܡĪŏƸŊĪƣǣżǀƣƫĪŧłżƣƸŊĪƠĪƣƫżŲǣżǀģĪƫŏŃŲÿƸĪģƸżÿƸƸĪŲģżŲǣżǀƣěĪŊÿŧłܠ żłƣĪŃŏƫƸĪƣŏŲŃƸŊĪƠĪƣƫżŲǣżǀŊÿǜĪģĪƫŏŃŲÿƸĪģƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ instructions provided. These instructions include the additional step ŰǀƫƸ ĜżŰƠŧĪƸĪ ƸŊĪ ǜżƸŏŲŃ ŏŲƫƸƣǀĜƸŏżŲ łżƣŰ ŏŲ ÿĜĜżƣģÿŲĜĪ ǝŏƸŊ ƸŊĪ ǣżǀ܉ܡżƣŊÿǜĪÿŲżƸŊĪƣƠĪƣƫżŲÿƸƸĪŲģÿŲģǜżƸĪżŲǣżǀƣěĪŊÿŧłܠrĪĪƸŏŲŃ ƣĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģĪƣ ÿŲģ ǣżǀ ǝŏƫŊ Ƹż ÿƸƸĪŲģ ÿŲģ ǜżƸĪ ÿƸ ƸŊĪܫŲżŲ deposit date noted on your voting instruction form. If you are a voting instructions at least one business day in advance of the proxy ŰǀƫƸ ƣĪĜĪŏǜĪ ǣżǀƣ ܉ÿƫ ÿƠƠŧŏĜÿěŧĪ ܉ƣżÿģƣŏģŃĪ żƣ ǣżǀƣ ŏŲƸĪƣŰĪģŏÿƣǣ ڕðڕ¦ڏŲƸÿƣŏżh܉rÿƣŤŊÿŰ ܉t܏St'Ã®¼¦Sh¦f¼®܉ڌڌړڏżǢ܏܏ ܉ÿƸÿƣżĜĪƫƫŏŲŃ ĪŲƸƣĪ' ܈rSh ܡFƣĪŲĜŊܠڍڌڑړܫڐړڐܫڌڌڔܫڍ żƣܡŲŃŧŏƫŊ/ܠڏڕڐړܫڐړڐܫڌڌڔܫڍ ܈/¼/h/Nt ǝǝǝ܏ƠƣżǢǣǜżƸĪ܏ĜżŰ ܈¼/St¼/¦t ܈ƣĪƸǀƣŲĪģÿƫłżŧŧżǝƫ ƣżÿģƣŏģŃĪżƣǣżǀƣŏŲƸĪƣŰĪģŏÿƣǣ܏ßżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰƫŰÿǣěĪěǣ ǜżƸŏŲŃ ŏŲƫƸƣǀĜƸŏżŲ łżƣŰ܏ ßżƸŏŲŃ ŏŲƫƸƣǀĜƸŏżŲ łżƣŰƫ ǝŏŧŧ ěĪ ƠƣżǜŏģĪģ ÿƫŏŲģŏĜÿƸĪģżŲƸŊĪŏƣ܉ÿƫÿƠƠŧŏĜÿěŧĪ܉ƣżÿģƣŏģŃĪżƣƸŊĪŏƣŏŲƸĪƣŰĪģŏÿƣǣ ĪƣƫƫŊżǀŧģĪǢĪƣĜŏƫĪƸŊĪŏƣƣŏŃŊƸƸżǜżƸĪěǣłżŧŧżǝŏŲŃƸŊĪŏŲƫƸƣǀĜƸŏżŲƫżł ƣĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģ-ܫěÿŧŧżƸ ƸŊƣżǀŃŊ ƸŊĪ ŧŏǜĪ ǝĪěĜÿƫƸ ƠŧÿƸłżƣŰ܏ tżŲ żƣģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃěǣżŲŧŏŲĪ܉ÿƫÿƠƠŧŏĜÿěŧĪ܉żƣƸŊĪŏƣŏŲƸĪƣŰĪģŏÿƣǣ ƣżÿģƣŏģŃĪƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣƫÿƣĪĪŲƸŏƸŧĪģƸżǜżƸĪƸŊƣżǀŃŊܫtżŲ Non-registered shareholders VOTING ܏ģĪÿģŧŏŲĪÿŲģrĪĪƸŏŲŃģÿƸĪ ŲŲǀÿŧ¦ĪƠżƣƸŏŲÿģǜÿŲĜĪżłƸŊĪǜżƸŏŲŃڍڎڌڎżƣƸŊĪܕƸŊĪ ŏƣĜǀŧÿƣÿŲģ ŏłǣżǀǝżǀŧģŧŏŤĪƸżƣĪĜĪŏǜĪܡŏŲǣżǀƣƠƣżǢǣłżƣŰÿƫƸŊĪǜżƸŏŲŃģĪÿģŧŏŲĪ ŧĪÿƫƸ ƫĪǜĪŲ ěǀƫŏŲĪƫƫ ģÿǣƫ ŏŲ ÿģǜÿŲĜĪ żł ƸŊĪ ģÿƸĪ ÿŲģ ƸŏŰĪ ƫƠĪĜŏǿĪģ ÿƸ܉ŏ܏Ī܏ܠڎڎڌڎ܉ڎƣĪƢǀĪƫƸŰǀƫƸěĪƣĪĜĪŏǜĪģěǣrÿǣ܏ڏڑڎڒܫڐڒڑܫڌڌڔܫڍÿƸ ƸŊĪ ģÿƸĪ ƸŊĪ ŏƣĜǀŧÿƣ ǝÿƫ ǿŧĪģ żŲ ®/'¦ ěǣ ĜÿŧŧŏŲŃ żŰƠǀƸĪƣƫŊÿƣĪ ÿǽƸĪƣƸŊĪrĪĪƸŏŲŃģÿƸĪÿŲģǝŏƸŊŏŲżŲĪǣĪÿƣłƣżŰܡŏŏܠżƣܔڔڕڐڌܫڎڒڕܫڒڒڔܫڍ ƸŊĪ ǜżƸŏŲŃ ģĪÿģŧŏŲĪ ÿŲģ rĪĪƸŏŲŃ ģÿƸĪ ěǣ ĜÿŧŧŏŲŃ żŰƠǀƸĪƣƫŊÿƣĪ ÿƸ ŏŲ ÿģǜÿŲĜĪ żł ܡŏܠ ܈ŲŲǀÿŧ ¦ĪƠżƣƸ ڍڎڌڎ żƣ ƸŊĪܕżł ƸŊĪ ŏƣĜǀŧÿƣ ÿŲģ ǣżǀ ĜÿŲ ƣĪƢǀĪƫƸ ƠÿƠĪƣ ĜżƠŏĪƫ ܉Sł ǣżǀ ÿƣĪ ÿ ƣĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģĪƣ About the Meeting

TABLE OF CONTENTS żÿƣģżł'ŏƣĪĜƸżƣƫrÿŲģÿƸĪ 66 APPENDIX A: żÿƣģƠƠƣżǜÿŧ 65 żÿƣģżł'ŏƣĪĜƸżƣƫ 65 żŲƸÿĜƸŏŲŃƸŊĪ 65 Additional Information SF¦®FŏŲÿŲĜŏÿŧrĪÿƫǀƣĪƫܫ 65 tżŲ ŏģ 64 tżƣŰÿŧ żǀƣƫĪSƫƫǀĪƣ 63 SŲģĪěƸĪģŲĪƫƫżł'ŏƣĪĜƸżƣƫÿŲģǳǿĜĪƣƫ ŏŲrÿƸƸĪƣƫƸżěĪĜƸĪģÃƠżŲ 63 Interests of Certain Persons or Companies rÿƸĪƣŏÿŧ¼ƣÿŲƫÿĜƸŏżŲƫ 63 SŲƸĪƣĪƫƸżłrÿŲÿŃĪŰĪŲƸÿŲģƸŊĪƣƫŏŲ 63 'ŏƣĪĜƸżƣÿŲģǳǿĜĪƣhŏÿěŏŧŏƸǣSŲƫǀƣÿŲĜĪ N/¦StF¦r¼St¼ ܏ڛ ڙڜ 61 'ŏƣĪĜƸżƣ®ŊÿƣĪǝŲĪƣƫŊŏƠGǀŏģĪŧŏŲĪƫ 60 Director Compensation AND EQUITY OWNERSHIP t'S¦/ ¼¦ r/t®¼St¼¦/¦ ܏ښ ږڜ ĪŲĪǿƸƫ 58 ¼ĪƣŰŏŲÿƸŏżŲÿŲģ ŊÿŲŃĪżł żŲƸƣżŧ Earned During the Year ßÿŧǀĪßĪƫƸĪģżƣܨ 56 SŲĜĪŲƸŏǜĪŧÿŲǝÿƣģƫ ÿƫĪģǝÿƣģƫܫƠƸŏżŲ ÿƫĪģǝÿƣģƫÿŲģܫ 56 ǀƸƫƸÿŲģŏŲŃ®ŊÿƣĪ 55 Summary Compensation Table 55 Compensation Recovery Policy 54 /ǢĪĜǀƸŏǜĪ®ŊÿƣĪǝŲĪƣƫŊŏƠGǀŏģĪŧŏŲĪƫ 44 Components of Compensation 41 Compensation-Setting Process 39 Pay Policies and Practices 39 2021 Executive Pay for Performance żŰƠÿŲǣFŏŲÿŲĜŏÿŧĪƣłżƣŰÿŲĜĪNŏŃŊŧŏŃŊƸƫ ڍڎڌڎ 36 35 Risk and Executive Compensation /ƢǀŏƸǣǝŲĪƣƫŊŏƠ 34 Report on Executive Compensation and AND ANALYSIS r/t®¼St'S® Ã®®St ܏ڙ ڙڙ 32 Climate Strategy 32 Environmental Policy 32 NǀŰÿŲ¦ŏŃŊƸƫżŧŏĜǣ 31 Diversity and Inclusion 31 Community Investment Strategy 30 Community Involvement 28 ESG 28 Orientation and Continuing Education żÿƣģ 28 rÿŲģÿƸĪżłżǀƣ żÿƣģ¦ĪŲĪǝÿŧżł 28 'ŏƣĪĜƸżƣ¼ĪƣŰhŏŰŏƸƫÿŲģƸŊĪƣrĪĜŊÿŲŏƫŰƫ 27 tżŰŏŲÿƸŏżŲ¦ŏŃŊƸƫ 27 rÿšżƣŏƸǣßżƸŏŲŃżŧŏĜǣ 27 rĪĪƸŏŲŃƫżłSŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣƫ 27 Director Independence żÿƣģ 24 żŰŰŏƸƸĪĪƫżłżǀƣ żÿƣģ żŰŰŏƸƸĪĪƫżÿƣģÿŲģ 24 żŰƠżƫŏƸŏżŲżłżǀƣ 23 àŊŏƫƸŧĪěŧżǝĪƣżŧŏĜǣ 23 Code of Ethics NĪģŃŏŲŃżŧŏĜǣܫ 23 SŲƫŏģĪƣ¼ƣÿģŏŲŃÿŲģŲƸŏ żƣƣǀƠƸŏżŲ żŰƠŧŏÿŲĜĪżŧŏĜǣ ܫƣŏěĪƣǣÿŲģŲƸŏܫ 23 ŲƸŏ 23 Disclosure Policy 20 Corporate Governance GOVERNANCE PRACTICES r/t¼F ¦¦¼//¼¼® ܏ژ ږژ Executive Compensation 19 Advisory Resolution on Approach to 19 Appointment of the Auditor żÿƣģżł'ŏƣĪĜƸżƣƫ 9 /ŧĪĜƸŏżŲżłƸŊĪ 9 Receive the Financial Statements 9 Business to be Transacted at the Meeting 8 Share Capital and Principal Shareholders 8 General Information 5 tżƸŏĜĪÿŲģĜĜĪƫƫ 5 ěżǀƸ¼Ŋŏƫ ŏƣĜǀŧÿƣÿŲģ¦ĪŧÿƸĪģƣżǢǣrÿƸĪƣŏÿŧƫ 5 Voting Information 2 tżƸŏĜĪżłŲŲǀÿŧrĪĪƸŏŲŃżł®ŊÿƣĪŊżŧģĪƣƫ Ã¼¼N/r//¼StG ܏ڗ ژ Letter from the Chair 1

ڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG to check compatibility and complete the related procedures. łżƣƸŊĪrĪĪƸŏŲŃ܏æżǀƫŊżǀŧģÿŧŧżǝÿŰƠŧĪƸŏŰĪƸżšżŏŲƸŊĪrĪĪƸŏŲŃ ŧĪÿƫĪģżŲżƸǀƫĪSŲƸĪƣŲĪƸ/ǢƠŧżƣĪƣÿƫŏƸŏƫŲżƸÿƫǀƠƠżƣƸĪģěƣżǝƫĪƣ ܏rŏĜƣżƫżǽƸ/ģŃĪżƣFŏƣĪłżǢ܉ÿłÿƣŏ®܉ŲĪĪģƸŊĪŧÿƸĪƫƸǜĪƣƫŏżŲżł ŊƣżŰĪ æżǀǝŏŧŧ܏ڐæNڎڕrܕŰĪĪƸŲżǝ܏Ńŧżěÿŧܕܕ܈Step 1:hżŃŏŲżŲŧŏŲĪÿƸŊƸƸƠƫ ܏ŰǀƫƸŧżŃŏŲżŲŧŏŲĪÿƫƫĪƸżǀƸěĪŧżǝܡŊżŧģĪƣ ƫŊÿƣĪŊżŧģĪƣƫǝŊżŊÿǜĪŲżƸģǀŧǣÿƠƠżŏŲƸĪģƸŊĪŰƫĪŧǜĪƫÿƫƠƣżǢǣ- ƣĪŃŏƫƸĪƣĪģܫŏŲĜŧǀģŏŲŃ ŲżŲܠ ÿŲģ ŃǀĪƫƸƫ ܡƫĪŧǜĪƫ ÿƫ ƠƣżǢǣŊżŧģĪƣ ƣĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģĪƣƫ ǝŊż ŊÿǜĪ ģǀŧǣ ÿƠƠżŏŲƸĪģ ƸŊĪŰ-ܫŲżŲ ŏŲĜŧǀģŏŲŃܠģǀŧǣÿƠƠżŏŲƸĪģƠƣżǢǣŊżŧģĪƣƫ܉ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣƫ ܉ěĪŧżǝƸŊÿƸÿƣĪÿƠƠŧŏĜÿěŧĪƸżǣżǀ܏SŲżƣģĪƣƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ non-registered shareholder. Please read the voting instructions A: Nżǝ ǣżǀ ǜżƸĪ ģĪƠĪŲģƫ żŲ ǝŊĪƸŊĪƣ ǣżǀ ÿƣĪ ÿ ƣĪŃŏƫƸĪƣĪģ żƣ ÿ Q: How do I attend and participate in the virtual Meeting? tions or vote. ěĪÿěŧĪƸżŧŏƫƸĪŲƸżƸŊĪrĪĪƸŏŲŃěǀƸǝŏŧŧŲżƸěĪÿěŧĪƸżÿƫŤƢǀĪƫ- ƠƣżǜŏģĪģ ƸŊÿƸ ƸŊĪǣ ÿƣĪ ĜżŲŲĪĜƸĪģ Ƹż ƸŊĪ ŏŲƸĪƣŲĪƸ܏ GǀĪƫƸƫ ǝŏŧŧ ܉ƫĪŧǜĪƫÿƫƠƣżǢǣŊżŧģĪƣǝŏŧŧěĪÿěŧĪƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃÿƫŃǀĪƫƸƫ ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣƫǝŊżŊÿǜĪŲżƸģǀŧǣÿƠƠżŏŲƸĪģƸŊĪŰ-ܫtżŲ ܏rĪĪƸŏŲŃÿƫÿŃǀĪƫƸ rĪĪƸŏŲŃÿŲģƫǀĜŊƠƣżǢǣŊżŧģĪƣǝżǀŧģżŲŧǣěĪÿěŧĪƸżÿƸƸĪŲģƸŊĪ proxyholder not receiving a control number to participate in the ǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪǝŏŧŧƣĪƫǀŧƸŏŲƸŊÿƸܡǣżǀƣƫĪŧłżƣÿŲżƸŊĪƣƠĪƣƫżŲ ǝŊżĜżǀŧģěĪ܉ƠĪƣƫżŲǣżǀŊÿǜĪģĪƫŏŃŲÿƸĪģƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ ƸŊĪܠ ÿƫ ģĪƫĜƣŏěĪģ ěĪŧżǝ܏ FÿŏŧǀƣĪ Ƹż ƣĪŃŏƫƸĪƣ ƸŊĪ ƠƣżǢǣŊżŧģĪƣ ܡżŰƠǀƸĪƣƫŊÿƣĪܷ ܶܠżŰƠǀƸĪƣƫŊÿƣĪSŲǜĪƫƸżƣ®ĪƣǜŏĜĪƫSŲĜ܏ ܉ÿŃĪŲƸ the proxyholder with the Company’s registrar and transfer duly completed proxy or voting instruction form AND register attend, participate in and vote at the Meeting) must submit their shareholders who wish to appoint themselves as proxyholder to to represent them at the Meeting (including non-registered in this Circular. Shareholders who wish to appoint a proxyholder ÿƣĪĜżŲŲĪĜƸĪģƸżƸŊĪŏŲƸĪƣŲĪƸÿŲģłżŧŧżǝƸŊĪŏŲƫƸƣǀĜƸŏżŲƫƫĪƸżǀƸ ƠƣżǜŏģĪģƸŊÿƸƸŊĪǣ܉ěÿƫĪģƠŧÿƸłżƣŰܫƫĪĜǀƣĪŧǣǜżƸĪƸŊƣżǀŃŊÿǝĪě ÿƫŤƢǀĪƫƸŏżŲƫÿŲģ܉ŧżŃŏŲƸżƸŊĪrĪĪƸŏŲŃżŲŧŏŲĪǝŏŧŧěĪÿěŧĪƸżŧŏƫƸĪŲ A: ¦ĪŃŏƫƸĪƣĪģ ƫŊÿƣĪŊżŧģĪƣƫ ÿŲģ ģǀŧǣ ÿƠƠżŏŲƸĪģ ƠƣżǢǣŊżŧģĪƣƫ ǝŊż Q: Who can attend and vote at the virtual Meeting? ܏ěÿƫĪģƠŧÿƸłżƣŰŏŲƫƸĪÿģżłÿƸƸĪŲģŏŲŃƸŊĪŰĪĪƸŏŲŃŏŲƠĪƣƫżŲܫÿǝĪě ƠÿƣƸŏĜŏƠÿƸĪŏŲÿŲģǜżƸĪÿƸƸŊĪŰĪĪƸŏŲŃŏŲƣĪÿŧƸŏŰĪƸŊƣżǀŃŊ܉ŧŏƫƸĪŲ ěǣǝÿǣżłÿŧŏǜĪǝĪěĜÿƫƸ܏®ŊÿƣĪŊżŧģĪƣƫǝŏŧŧěĪÿěŧĪƸż܉łżƣŰÿƸżŲŧǣ ƸŊĪrĪĪƸŏŲŃǝŏŧŧěĪŊĪŧģŏŲÿǜŏƣƸǀÿŧŰĪĪƸŏŲŃ܉ěƣżÿģĪƣĜżŰŰǀŲŏƸǣ ĜżŧŧĪÿŃǀĪƫÿŲģƸŊĪ܉żłƸŊĪŊĪÿŧƸŊÿŲģƫÿłĪƸǣżłżǀƣƫŊÿƣĪŊżŧģĪƣƫ A: Due to the ongoing COVID-19 pandemic and in consideration Q: Why will the Meeting be completely virtual? QUESTIONS AND ANSWERS ON THE VIRTUAL MEETING ܏ŲŲǀÿŧ¦ĪƠżƣƸڍڎڌڎżƣƸŊĪܕÿƠÿƠĪƣĜżƠǣżłƸŊŏƫ ŏƣĜǀŧÿƣÿŲģ ÿŲģĪǢƠŧÿŏŲƫŊżǝƸżżěƸÿŏŲ܉ƸŏżŲƫżŲŊżǝƸżÿĜĜĪƫƫƸŊĪƠƣżǢǣŰÿƸĪƣŏÿŧƫ ŏŲƫƸƣǀĜ-܉ŏŲłżƣŰÿƸŏżŲÿěżǀƸƸŊĪrĪĪƸŏŲŃÿŲģƸŊĪŰÿƸƸĪƣƫƸżěĪǜżƸĪģżŲ ŊĪ tżƸŏĜĪ żł rĪĪƸŏŲŃ ĜżŲƸÿŏŲƫ ěÿƫŏĜ¼ ܏ܡżƣ ÿ ǜżƸŏŲŃ ŏŲƫƸƣǀĜƸŏżŲ łżƣŰ ÿłżƣŰżłƠƣżǢǣܠtżƸŏĜĪżłrĪĪƸŏŲŃÿŲģƸŊĪƣĪŧĪǜÿŲƸǜżƸŏŲŃģżĜǀŰĪŲƸ ƸŊĪ żŰƠÿŲǣ ǝŏŧŧ ƫĪŲģ ƫŊÿƣĪŊżŧģĪƣƫ ƸŊĪ ܉ڎڎڌڎ ܉ڑ Ų żƣ ÿěżǀƸ Ơƣŏŧ ܏ƠżƫƸĪģżŲƸŊĪ żŰƠÿŲǣܹƫǝĪěƫŏƸĪÿŲģĪǢƠŧÿŏŲŏŲŃŊżǝƸżÿĜĜĪƫƫƸŊĪŰ ƣĪŧÿƸĪģŰÿƸĪƣŏÿŧƫŊÿǜĪěĪĪŲܫŲŲǀÿŧ¦ĪƠżƣƸÿŲģƠƣżǢǣڍڎڌڎƸŊĪ܉ ŏƣĜǀŧÿƣ Common Shares”) that thisܶܠŊżŧģĪƣƫżłĜżŰŰżŲƫŊÿƣĪƫżłƸŊĪ żŰƠÿŲǣ ƫĪŲģŏŲŃƸŊĪtżƸŏĜĪżłrĪĪƸŏŲŃŏŲłżƣŰŏŲŃܡŏŏܠÿŲģܔǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰ ܉żŲŏƸƫǝĪěƫŏƸĪܡƣĪŧÿƸĪģŰÿƸĪƣŏÿŧƫܫÿŲģżƸŊĪƣƠƣżǢǣܠŲŲǀÿŧ¦ĪƠżƣƸڍڎڌڎ ƠżƫƸŏŲŃ ƸŊŏƫ ŏƣĜǀŧÿƣ ÿŲģ ƸŊĪ ܡŏܠ ܈ģĪŧŏǜĪƣ ƠƣżǢǣ ƣĪŧÿƸĪģ ŰÿƸĪƣŏÿŧƫ ěǣ ƸŊĪ żŰƠÿŲǣ ǝŏŧŧ ܉ŊżŧģĪƣƫ܏ ÃŲģĪƣ ƸŊĪ ŲżƸŏĜĪ ÿŲģ ÿĜĜĪƫƫ ƠƣżĜĪģǀƣĪ żǜĪƣ ƸŊĪ ŏŲƸĪƣŲĪƸ ŏŲƫƸĪÿģ żł ŰÿŏŧŏŲŃ ƠÿƠĪƣ ĜżƠŏĪƫ Ƹż ƫŊÿƣĪ- ܉ܡ”Report ƸŊĪ“2021 Annualܠڍڎڌڎ܉ڍڏÿŲģÿŲÿŧǣƫŏƫłżƣƸŊĪǣĪÿƣĪŲģĪģ'ĪĜĪŰěĪƣ ĜżŲƫżŧŏģÿƸĪģ ǿŲÿŲĜŏÿŧ ƫƸÿƸĪŰĪŲƸƫ ÿŲģ ŰÿŲÿŃĪŰĪŲƸܹƫ ģŏƫĜǀƫƫŏżŲ ǝŊŏĜŊ ŏŲĜŧǀģĪƫ ƸŊĪ ÿŲŲǀÿŧ ܉ƸŊĪ żŰƠÿŲǣ Ƹż łǀƣŲŏƫŊ ƠƣżǢǣ ŰÿƸĪƣŏÿŧƫ ¼ŊĪ żŰƠÿŲǣ ŏƫ ǀƫŏŲŃ ƸŊĪ ŲżƸŏĜĪ ÿŲģ ÿĜĜĪƫƫ ƠƣżĜĪģǀƣĪ ƸŊÿƸ ÿŧŧżǝƫ NOTICE AND ACCESS ܏ǀŲŧĪƫƫżƸŊĪƣǝŏƫĪƫƸÿƸĪģ܉®ƸÿƸĪƫģżŧŧÿƣƫ ÿŲģÿŧŧģżŧŧÿƣÿŰżǀŲƸƫǀƫĪģÿƣĪŏŲÃŲŏƸĪģڎڎڌڎ܉ڌڏŏƫŃŏǜĪŲÿƫżłrÿƣĜŊ ƸŊĪŏŲłżƣŰÿƸŏżŲĜżŲƸÿŏŲĪģŏŲƸŊŏƫ ŏƣĜǀŧÿƣ܉ÃŲŧĪƫƫżƸŊĪƣǝŏƫĪŏŲģŏĜÿƸĪģ ܏ƸŊĪrĪĪƸŏŲŃ ǝŊĪƸŊĪƣ żƣ ŲżƸ ǣżǀ ģĪĜŏģĪ Ƹż ÿƸƸĪŲģ ܉ěĪ ĜżŲƫŏģĪƣĪģ ÿƸ ƸŊĪ rĪĪƸŏŲŃ ƸŏżŲěĪŧżǝłżƣÿŲĪǢƠŧÿŲÿƸŏżŲżłŊżǝǣżǀĜÿŲǜżƸĪżŲƸŊĪŰÿƸƸĪƣƫƸż ŧĪÿƫĪ ƫĪĪ ƸŊĪ ܶ¥ǀĪƫƸŏżŲƫ ÿŲģ ŲƫǝĪƣƫ żŲ ƸŊĪ ßżƸŏŲŃ ƣżĜĪƫƫܷ ƫĪĜ- ces and other relevant matters. ƸŊĪ żŰƠÿŲǣܹƫĜżƣƠżƣÿƸĪŃżǜĪƣŲÿŲĜĪƠƣÿĜƸŏ-܉ĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲ ÿŲģ ƠƣżǜŏģĪƫ ŏŲłżƣŰÿƸŏżŲ ÿěżǀƸ ģŏƣĪĜƸżƣ ÿŲģ ܉ÿƫ ƸŊĪ ǜżƸŏŲŃ ƠƣżĜĪƫƫ ¼Ŋŏƫ ŏƣĜǀŧÿƣģĪƫĜƣŏěĪƫƸŊĪŏƸĪŰƫƸżěĪǜżƸĪģżŲÿƸƸŊĪrĪĪƸŏŲŃÿƫǝĪŧŧ ܏ěÿƫĪģƠŧÿƸłżƣŰܫǝĪě ƠÿƣƸŏĜŏƠÿƸĪÿŲģǜżƸĪÿƸƸŊĪŰĪĪƸŏŲŃŏŲƣĪÿŧƸŏŰĪƸŊƣżǀŃŊÿ܉ƸżŧŏƫƸĪŲ ěǣǝÿǣżłÿŧŏǜĪǝĪěĜÿƫƸ܏®ŊÿƣĪŊżŧģĪƣƫǝŏŧŧěĪÿěŧĪ܉ŰĪĪƸŏŲŃłżƣŰÿƸżŲŧǣ ƸŊĪrĪĪƸŏŲŃǝŏŧŧěĪŊĪŧģŏŲÿǜŏƣƸǀÿŧ܉ƠÿŲģĪŰŏĜڕڍܫ'ƸŊĪżŲŃżŏŲŃ ßS ǀĪ Ƹż' ܏ܡÿƫƸĪƣŲ ¼ŏŰĪ/ܠ ÿ܏Ű܏ ڌڌ܈ڌڍ ÿƸ ܉ڎڎڌڎ ܉ڍڍ rÿǣ ܉żŲ àĪģŲĪƫģÿǣ ƸŊĪ“Meeting”) of the Company to be heldܠrĪĪƸŏŲŃżł®ŊÿƣĪŊżŧģĪƣƫ ŲŲǀÿŧ ڎڎڌڎ ÿŲģ żƸŊĪƣ ƠƣżǢǣ ŰÿƸĪƣŏÿŧƫ ŏŲ ĜżŲŲĪĜƸŏżŲ ǝŏƸŊ ƸŊĪ ƸŊŏƫ“Circular”)ܠ ƠƣżǜŏģŏŲŃ ǣżǀ ǝŏƸŊ ƸŊŏƫ rÿŲÿŃĪŰĪŲƸ ƣżǢǣ ŏƣĜǀŧÿƣ ƸŊĪ“Company” or “Triple Flag”) isܠ¼ƣŏƠŧĪFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ܏ PROXY MATERIALS ABOUT THIS CIRCULAR AND RELATED VOTING INFORMATION About the Meeting

ڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ÿƸ ǝǝǝ܏ŏŲǜĪƫƸżƣǜżƸĪ܏ĜżŰ܏ æżǀ Űÿǣ ÿǀƸŊżƣŏǭĪ ƸŊĪ ŰÿŲÿŃĪŰĪŲƸ żƣ ěǣ ŃżŏŲŃ żŲŧŏŲĪ ܔ żŰƠǀƸĪƣƫŊÿƣĪ ÿƸ ƸŊĪ ÿģģƣĪƫƫ ŧŏƫƸĪģ ěĪŧżǝ ĜżǀƣŏĪƣżƣěǣŊÿŲģƸż܉ěǣŰÿŏŧ܈ěǣĪŏƸŊĪƣżłƸŊĪłżŧŧżǝŏŲŃŰĪÿŲƫ ÿŲģ ƣĪƸǀƣŲ ŏƸ ܡÿŧƫż ÿǜÿŏŧÿěŧĪ żŲŧŏŲĪ ÿƸ ǝǝǝ܏ŏŲǜĪƫƸżƣǜżƸĪ܏ĜżŰܠ ƠŧĪÿƫĪ ĜżŰƠŧĪƸĪ ƸŊĪ ĪŲĜŧżƫĪģ łżƣŰ żł ƠƣżǢǣ ܉¼ż ǜżƸĪ ěǣ ƠƣżǢǣ ܏æżǀĜÿŲǜżƸĪěǣƠƣżǢǣǝŊĪƸŊĪƣżƣŲżƸǣżǀÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ Voting by Proxy platform. ěĪƸÿŤĪŲÿŲģĜżǀŲƸĪģÿƸƸŊĪrĪĪƸŏŲŃƸŊƣżǀŃŊƸŊĪŧŏǜĪǝĪěĜÿƫƸ ĜżŰƠŧĪƸĪżƣƣĪƸǀƣŲƸŊĪłżƣŰżłƠƣżǢǣƫĪŲƸƸżǣżǀ܏æżǀƣǜżƸĪǝŏŧŧ ģżŲżƸ܉SłǣżǀǝŏƫŊƸżǜżƸĪǣżǀƣ żŰŰżŲ®ŊÿƣĪƫÿƸƸŊĪrĪĪƸŏŲŃ Voting at the Meeting ܏ƸŊĪŧŏǜĪǝĪěĜÿƫƸƠŧÿƸłżƣŰ ®ŊÿƣĪƫěǣƠƣżǢǣżƣģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃěǣżŲŧŏŲĪěÿŧŧżƸƸŊƣżǀŃŊ ǣżǀŰÿǣǜżƸĪǣżǀƣ żŰŰżŲ܉A: SłǣżǀÿƣĪÿƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣ Q: How do I vote if I am a registered shareholder? non-registered shareholders. an intermediary to deliver the proxy-related materials to all Investor Communications Company). The Company pays for ƣżÿģƣŏģŃĪ ƫǀĜŊ ÿƫܠ ƫŊÿƣĪŊżŧģĪƣƫ ƸŊƣżǀŃŊ ÿ ƫĪƣǜŏĜĪ ĜżŰƠÿŲǣ ƣĪŃŏƫƸĪƣĪģܫSŲƸĪƣŰĪģŏÿƣŏĪƫ żǽƸĪŲ łżƣǝÿƣģ ƸŊĪ ŰÿƸĪƣŏÿŧƫ Ƹż ŲżŲ may distribute the materials to the non-registered shareholders. ŏŲ ĜżŲŲĪĜƸŏżŲ ǝŏƸŊ ƸŊĪ rĪĪƸŏŲŃ Ƹż ŏŲƸĪƣŰĪģŏÿƣŏĪƫ ƫż ƸŊÿƸ ƸŊĪǣ The Company distributes copies of the proxy-related materials your Common Shares. ěĪŏŲŃ ƸŊĪ ŏŲƸĪƣŰĪģŏÿƣǣ żƣ ģĪƠżƫŏƸżƣǣ ƸŊƣżǀŃŊ ǝŊŏĜŊ ǣżǀ żǝŲ ƫŊÿƣĪƣĪŃŏƫƸĪƣƫŊżǝƫƸŊĪƫŊÿƣĪŊżŧģĪƣżłǣżǀƣ żŰŰżŲ®ŊÿƣĪƫÿƫ ƸŊĪ żŰƠÿŲǣܹƫ܉ěǣ żŰƠǀƸĪƣƫŊÿƣĪÿƫěĪŏŲŃÿƫŊÿƣĪŊżŧģĪƣ܏SŲƫƸĪÿģ ǣżǀÿƣĪŲżƸŏģĪŲƸŏǿĪģżŲƸŊĪƫŊÿƣĪƣĪŃŏƫƸĪƣŰÿŏŲƸÿŏŲĪģ܉ƫƫǀĜŊ interest in Common Shares is recorded in an electronic system. ěǀƸ ǣżǀƣ żǝŲĪƣƫŊŏƠ ܉ żŰŰżŲ ®ŊÿƣĪƫ ƣĪŃŏƫƸĪƣĪģ ŏŲ ǣżǀƣ ŲÿŰĪ ǣżǀģżŲżƸŊÿǜĪ܉ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܫƸƣǀƫƸĜżŰƠÿŲǣ܏ƫÿŲżŲ ěƣżŤĪƣżƣ܉ƫǀĜŊÿƫÿěÿŲŤ܉ÿĜĜżǀŲƸŏŲƸŊĪŲÿŰĪżłÿŲŏŲƸĪƣŰĪģŏÿƣǣ non-registered shareholder if your Common Shares are held in an A: rost shareholders are non-registered shareholders. You are a ܐƣĪŃŏƫƸĪƣĪģżƣěĪŲĪǿĜŏÿŧƫŊÿƣĪŊżŧģĪƣܫQ: ŰSÿŲżŲ as being a shareholder. ܉ŏģĪŲƸŏǿĪģ żŲ ƸŊĪ ƫŊÿƣĪ ƣĪŃŏƫƸĪƣ ŰÿŏŲƸÿŏŲĪģ ěǣ żŰƠǀƸĪƣƫŊÿƣĪ ǣżǀÿƣĪ܉ƫƸÿƸĪŰĪŲƸ܏ƫÿƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܡ®¦'ܠƸŏżŲƫǣƫƸĪŰ ǣżǀƣżǝŲŲÿŰĪÿŲģǣżǀŊÿǜĪÿƫŊÿƣĪĜĪƣƸŏǿĜÿƸĪżƣģŏƣĪĜƸƣĪŃŏƫƸƣÿ- A: You are a registered shareholder if you hold Common Shares in Q: Am I a registered shareholder? ܏ěĪŧżǝƸŊÿƸÿƣĪÿƠƠŧŏĜÿěŧĪƸżǣżǀ non-registered shareholder. Please read the voting instructions A: Nżǝ ǣżǀ ǜżƸĪ ģĪƠĪŲģƫ żŲ ǝŊĪƸŊĪƣ ǣżǀ ÿƣĪ ÿ ƣĪŃŏƫƸĪƣĪģ żƣ ÿ Q: How do I vote? ܏ģÿƸĪżłƸŊĪrĪĪƸŏŲŃ܏/ÿĜŊ żŰŰżŲ®ŊÿƣĪŏƫĪŲƸŏƸŧĪģƸżżŲĪǜżƸĪ ǝŊŏĜŊŏƫƸŊĪƣĪĜżƣģ܉ڎڎڌڎ܉ڌڏÿƫÿƸƸŊĪĜŧżƫĪżłěǀƫŏŲĪƫƫżŲrÿƣĜŊ A: æżǀÿƣĪĪŲƸŏƸŧĪģƸżǜżƸĪŏłǣżǀǝĪƣĪÿŊżŧģĪƣżł żŰŰżŲ®ŊÿƣĪƫ Q: Am I entitled to vote? thereof. ěĪłżƣĪ ƸŊĪ rĪĪƸŏŲŃ żƣ ÿŲǣ ÿģšżǀƣŲŰĪŲƸ żƣ ƠżƫƸƠżŲĪŰĪŲƸ • to transact such other business as may properly be brought ÿŲģܔĜżŰƠĪŲƫÿƸŏżŲ to vote on the advisory resolution on the approach to executive • ܔܡżłƸŊĪǀģŏƸżƣܷłżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫ ƫĪĪܶƠƠżŏŲƸŰĪŲƸܠģŏƣĪĜƸżƣƫƸżǿǢƸŊĪÿǀģŏƸżƣܹƫƣĪŰǀŲĪƣÿƸŏżŲ ÿŲģƸżÿǀƸŊżƣŏǭĪƸŊĪڎڎڌڎƸżÿƠƠżŏŲƸǝ ÿƫżǀƣÿǀģŏƸżƣłżƣ • ܔܡłżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫ żÿƣģżł'ŏƣĪĜƸżƣƫܷƫĪĪܶ/ŧĪĜƸŏżŲżłƸŊĪܠƸżĪŧĪĜƸƸŊĪģŏƣĪĜƸżƣƫ • ܈A: YżǀǝŏŧŧěĪǜżƸŏŲŃ Q: What items of business am I voting on? QUESTIONS AND ANSWERS ON THE VOTING PROCESS ܏ǝŏŧŧŲżƸěĪƠĪƣŰŏƸƸĪģƸżÿƫŤƢǀĪƫƸŏżŲƫżƣǜżƸĪÿƸƸŊĪrĪĪƸŏŲŃ ƫĪŧǜĪƫÿƫƠƣżǢǣŊżŧģĪƣƫŰÿǣŧŏƫƸĪŲƸżƸŊĪrĪĪƸŏŲŃÿƫŃǀĪƫƸƫ܏GǀĪƫƸƫ ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣƫǝŊżŊÿǜĪŲżƸģǀŧǣÿƠƠżŏŲƸĪģƸŊĪŰ-ܫtżŲ ܏ŏŲƠƣżĜĪģǀƣĪƫܫrĪĪƸŏŲŃżŲŧŏŲĪÿŲģĜżŰƠŧĪƸĪƸŊĪĜŊĪĜŤ ÿƸŏżŲżłƸŊĪrĪĪƸŏŲŃ܏æżǀƫŊżǀŧģÿŧŧżǝÿŰƠŧĪƸŏŰĪƸżŧżŃŏŲƸżƸŊĪ It is your responsibility to ensure internet connectivity for the dur- ܏ģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃŏŲżƣģĪƣƸżǜżƸĪǝŊĪŲěÿŧŧżƸŏŲŃĜżŰŰĪŲĜĪƫ is important that you are connected to the internet at all times ŏƸ܉żŲŧŏŲĪģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃ܏SłǣżǀƠŧÿŲƸżǜżƸĪÿƸƸŊĪrĪĪƸŏŲŃ ÿƫŤ ƢǀĪƫƸŏżŲƫ ÿƸ ƸŊĪ rĪĪƸŏŲŃ ÿŲģ ǜżƸĪ ěǣ ĜżŰƠŧĪƸŏŲŃ ÿ ěÿŧŧżƸ Registered shareholders and duly appointed proxyholders may ܏Guests: ŧŏĜŤܶGǀĪƫƸܷÿŲģƸŊĪŲĜżŰƠŧĪƸĪƸŊĪżŲŧŏŲĪłżƣŰ voting deadline has passed. ƣĪĜĪŏǜĪÿŲŏŲǜŏƸĪĜżģĪěǣĪŰÿŏŧłƣżŰ żŰƠǀƸĪƣƫŊÿƣĪÿǽƸĪƣƸŊĪƠƣżǢǣ ƣĪŃŏƫƸĪƣĪģ ǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪ ÿƫ ģĪƫĜƣŏěĪģ ŏŲ ƸŊŏƫ ŏƣĜǀŧÿƣ ǝŏŧŧ ǣżǀƣܶŏŲǜŏƸĪĜżģĪܷ܏ƣżǢǣŊżŧģĪƣƫǝŊżŊÿǜĪěĪĪŲģǀŧǣÿƠƠżŏŲƸĪģÿŲģ Duly appointed proxyholders: ŧŏĜŤ ܶSŲǜŏƸÿƸŏżŲܷ ÿŲģ ƸŊĪŲ ĪŲƸĪƣ ܏ǣżǀƫŊżǀŧģŲżƸǜżƸĪÿƸƸŊĪrĪĪƸŏŲŃ܉ƠƣżǢǣ ƫǀěŰŏƸƸĪģ܏SłǣżǀģżŲżƸǝŏƫŊƸżƣĪǜżŤĪÿƠƣĪǜŏżǀƫŧǣƫǀěŰŏƸƸĪģ ǜżƸĪǣżǀĜÿƫƸÿƸƸŊĪrĪĪƸŏŲŃǝŏŧŧƣĪǜżŤĪÿŲǣƠƣżǢǣǣżǀƠƣĪǜŏżǀƫŧǣ ÿŲǣ܉ƠƣżǢǣ܏SłǣżǀǀƫĪǣżǀƣĜżŲƸƣżŧŲǀŰěĪƣƸżŧżŃŏŲƸżƸŊĪrĪĪƸŏŲŃ ܶĜżŲƸƣżŧŲǀŰěĪƣܷ܏¼ŊĪĜżŲƸƣżŧŲǀŰěĪƣŏƫŧżĜÿƸĪģżŲƸŊĪłżƣŰżł Registered Shareholders: ŧŏĜŤܶ®ŊÿƣĪŊżŧģĪƣܷÿŲģƸŊĪŲĪŲƸĪƣǣżǀƣ ܈Step 2:FżŧŧżǝƸŊĪŏŲƫƸƣǀĜƸŏżŲƫěĪŧżǝ About the Meeting

ڝ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƠƣżǢǣŊżŧģĪƣǝżǀŧģżŲŧǣěĪÿěŧĪƸżÿƸƸĪŲģÿƫÿŃǀĪƫƸ ŲżƸƣĪĜĪŏǜŏŲŃÿŲŏŲǜŏƸĪĜżģĪƸżƠÿƣƸŏĜŏƠÿƸĪŏŲƸŊĪrĪĪƸŏŲŃÿŲģƫǀĜŊ ǣżǀƣ ěĪŊÿŧł ǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪ ǝŏŧŧ ƣĪƫǀŧƸ ŏŲ ƸŊĪ ƠƣżǢǣŊżŧģĪƣ ƸŊĪ ƠƣżǢǣŊżŧģĪƣ ǣżǀ ŊÿǜĪ ģĪƫŏŃŲÿƸĪģ Ƹż ÿƸƸĪŲģ ƸŊĪ rĪĪƸŏŲŃ żŲ ģÿƸĪżłƸŊĪÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģrĪĪƸŏŲŃ܏FÿŏŧǀƣĪƸżƣĪŃŏƫƸĪƣ ěĪłżƣĪƸŊĪܡǀŲģÿǣƫÿŲģƫƸÿƸǀƸżƣǣŊżŧŏģÿǣƫ®܉ĪǢĜŧǀģŏŲŃ®ÿƸǀƣģÿǣƫܠ Ŋżǀƣƫڔڐ܉ŏłƸŊĪrĪĪƸŏŲŃŏƫÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģ܉żƣ܉ڎڎڌڎ܉ڕrÿǣ żŲܡÿƫƸĪƣŲ¼ŏŰĪ/ܠÿ܏Ű܏ڌڌ܈ڌڍƣŏƠŧĪFŧÿŃěǣŲżŧÿƸĪƣƸŊÿŲ¼ܕƫŊÿƣĪ܏ĜżŰ ƣĪŃŏƫƸĪƣǣżǀƣƠƣżǢǣŊżŧģĪƣǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪÿƸǝǝǝ܏ĜżŰƠǀƸĪƣ- ǣżǀƣ ƠƣżǢǣŊżŧģĪƣ ǝŏŧŧ ěĪ ǜżƸŏŲŃ ÿƸ ƸŊĪ rĪĪƸŏŲŃ܏ æżǀ ŰǀƫƸ ÿŧƫż ÿƫ܉ƠĪƣƫżŲÿƫƠƣżǢǣŊżŧģĪƣ܏'żŲżƸżƸŊĪƣǝŏƫĪĜżŰƠŧĪƸĪƸŊĪłżƣŰ ǣżǀ ÿƣĪ ŏŲƫƸƣǀĜƸŏŲŃ ǣżǀƣ ŏŲƸĪƣŰĪģŏÿƣǣ Ƹż ÿƠƠżŏŲƸ ƸŊÿƸ ܉ģżŏŲŃ ƫż ǣ ܏ÿŲģ ƣĪƸǀƣŲ ŏƸ ŏŲ ÿĜĜżƣģÿŲĜĪ ǝŏƸŊ ƸŊĪ ŏŲƫƸƣǀĜƸŏżŲƫ ƠƣżǜŏģĪģ instruction form provided to you by your intermediary and sign insert that person’s name in the space provided on the voting ǣżǀƫŊżǀŧģ܉ƸżǜżƸĪłżƣǣżǀ܏SłǣżǀǝŏƫŊƸżÿƠƠżŏŲƸÿƠƣżǢǣŊżŧģĪƣ ŊĪżƣƫŊĪŰǀƫƸÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ܉SłǣżǀÿƠƠżŏŲƸƫżŰĪżŲĪĪŧƫĪ a shareholder of the Company) to vote for you as a proxyholder. ŏŲĜŧǀģŏŲŃ ƫżŰĪżŲĪ ǝŊż ŏƫ ŲżƸܠ æżǀ ĜÿŲ ĜŊżżƫĪ ÿŲżƸŊĪƣ ƠĪƣƫżŲ Designate another person to be appointed as your proxyholder ܏ÿŲģǣżǀǝżǀŧģżŲŧǣěĪÿěŧĪƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃÿƫÿŃǀĪƫƸ ŏŲǣżǀŲżƸƣĪĜĪŏǜŏŲŃÿŲŏŲǜŏƸĪĜżģĪƸżƠÿƣƸŏĜŏƠÿƸĪŏŲƸŊĪrĪĪƸŏŲŃ ƣĪŃŏƫƸĪƣǣżǀƣƫĪŧłÿƫÿƠƣżǢǣŊżŧģĪƣǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪǝŏŧŧƣĪƫǀŧƸ ěĪłżƣĪƸŊĪģÿƸĪżłƸŊĪÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģrĪĪƸŏŲŃ܏FÿŏŧǀƣĪƸż ܡǀŲģÿǣƫÿŲģƫƸÿƸǀƸżƣǣŊżŧŏģÿǣƫ®܉ĪǢĜŧǀģŏŲŃ®ÿƸǀƣģÿǣƫܠŊżǀƣƫڔڐ ܉ŏł ƸŊĪ rĪĪƸŏŲŃ ŏƫ ÿģšżǀƣŲĪģ żƣ ƠżƫƸƠżŲĪģ ܉żƣ ܉ڎڎڌڎ ܉ڕ rÿǣ ÿƫƸĪƣŲ ¼ŏŰĪ żŲ/ܠ ÿ܏Ű܏ ڌڌ܈ڌڍ ƣŏƠŧĪFŧÿŃ ěǣ Ųż ŧÿƸĪƣ ƸŊÿŲ¼ܕ܏ĜżŰ Step 2:¦ĪŃŏƫƸĪƣǣżǀƣƫĪŧłÿƫÿƠƣżǢǣŊżŧģĪƣÿƸǝǝǝ܏ĜżŰƠǀƸĪƣƫŊÿƣĪ ܏ÿƸƸŊĪrĪĪƸŏŲŃ ÿƫǣżǀǝŏŧŧěĪǜżƸŏŲŃ܉ŊżŧģĪƣ܏'żŲżƸżƸŊĪƣǝŏƫĪĜżŰƠŧĪƸĪƸŊĪłżƣŰ ǣżǀÿƣĪŏŲƫƸƣǀĜƸŏŲŃǣżǀƣŏŲƸĪƣŰĪģŏÿƣǣƸżÿƠƠżŏŲƸǣżǀÿƫƠƣżǢǣ-܉ƫż ǣģżŏŲŃ܏ƣĪƸǀƣŲŏƸŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪŏŲƫƸƣǀĜƸŏżŲƫƠƣżǜŏģĪģ instruction form provided by your intermediary and sign and Step 1: Insert your name in the space provided on the voting ܈ƸŊĪƫĪƫƸĪƠƫ ǣżǀƫŊżǀŧģƸÿŤĪ܉żŲŧŏŲĪěÿŧŧżƸƸŊƣżǀŃŊƸŊĪŧŏǜĪǝĪěĜÿƫƸƠŧÿƸłżƣŰ SłǣżǀǝŏƫŊƸżǜżƸĪǣżǀƣ żŰŰżŲ®ŊÿƣĪƫģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃěǣ Attend the Meeting provided on the voting instruction form. żŲ Ŋżǝ Ƹż ǜżƸĪ żŲ ǣżǀƣ ěĪŊÿŧł܏ ŧĪÿƫĪ łżŧŧżǝ ƸŊĪ ŏŲƫƸƣǀĜƸŏżŲƫ to you. The purpose of this form is to instruct your intermediary ǜżƸŏŲŃŏŲƫƸƣǀĜƸŏżŲłżƣŰǝŏŧŧěĪŏŲĜŧǀģĪģǝŏƸŊƸŊĪŰÿƸĪƣŏÿŧƫƫĪŲƸ Through your intermediary ܈®ŊÿƣĪƫŏŲżŲĪżłƸŊĪłżŧŧżǝŏŲŃǝÿǣƫ ǣżǀŰÿǣǜżƸĪǣżǀƣ żŰŰżŲ܉ƣĪŃŏƫƸĪƣĪģƫŊÿƣĪŊżŧģĪƣܫA: SłǣżǀÿƣĪÿŲżŲ Q: How do I vote if I am a non-registered shareholder? remuneration. ÿŲģ ƸŊĪ ÿǀƸŊżƣŏǭÿƸŏżŲ żł ƸŊĪ ģŏƣĪĜƸżƣƫ Ƹż ǿǢ ƸŊĪ ÿǀģŏƸżƣܹƫ ÿƠƠżŏŲƸŰĪŲƸżłǝ ÿƫƸŊĪÿǀģŏƸżƣżłƸŊĪ żŰƠÿŲǣܫ• F¦ƸŊĪƣĪ ÿŲģܔF¦ƸŊĪĪŧĪĜƸŏżŲżłƸŊĪģŏƣĪĜƸżƣƫ • ܈ǝŏŧŧěĪǜżƸĪģ sented by proxies appointing management as the proxyholder żŰŰżŲ®ŊÿƣĪƫƣĪƠƣĪ- ܉ÃŲŧĪƫƫĜżŲƸƣÿƣǣŏŲƫƸƣǀĜƸŏżŲƫÿƣĪƠƣżǜŏģĪģ ܏ŊżŧģĪƣĜÿŲǜżƸĪǣżǀƣ żŰŰżŲ®ŊÿƣĪƫÿƫŊĪżƣƫŊĪƫĪĪƫǿƸ ƸŊĪŲǣżǀƣƠƣżǢǣ-܉ żŰŰżŲ®ŊÿƣĪƫƸżěĪǜżƸĪģżŲÿƠÿƣƸŏĜǀŧÿƣŏƫƫǀĪ ǣżǀŊÿǜĪŲżƸƫƠĪĜŏǿĪģżŲƸŊĪłżƣŰżłƠƣżǢǣŊżǝǣżǀǝÿŲƸǣżǀƣ your proxyholder must vote your Common Shares accordingly. If ƸŊĪŲ܉ܡÿƫÿƠƠŧŏĜÿěŧĪ܉'GSt®¼żƣàS¼NNh܉¦ěǣŰÿƣŤŏŲŃFܠ ǣżǀǝÿŲƸǣżǀƣ żŰŰżŲ®ŊÿƣĪƫƸżěĪǜżƸĪģżŲÿƠÿƣƸŏĜǀŧÿƣŏƫƫǀĪ ģĪĜŏģĪ łżƣ ǣżǀ܏ Sł ǣżǀ ŊÿǜĪ ƫƠĪĜŏǿĪģ żŲ ƸŊĪ łżƣŰ żł ƠƣżǢǣ Ŋżǝ holder to vote your Common Shares or you can let your proxyholder ǣżǀĜÿŲŏŲģŏĜÿƸĪŊżǝǣżǀǝÿŲƸǣżǀƣƠƣżǢǣ-܉A: OŲƸŊĪłżƣŰżłƠƣżǢǣ Q: How will my shares be voted? ܏ƠżƫƸƠżŲĪģrĪĪƸŏŲŃ ěĪłżƣĪƸŊĪģÿƸĪżłƸŊĪÿģšżǀƣŲĪģżƣܡģÿǣƫÿŲģƫƸÿƸǀƸżƣǣŊżŧŏģÿǣƫ ǀŲ-®܉ĪǢĜŧǀģŏŲŃ®ÿƸǀƣģÿǣƫܠŊżǀƣƫڔڐ܉ŏƫÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģ ŏł ƸŊĪ rĪĪƸŏŲŃ ܉żƣ ܉ڎڎڌڎ ܉ڕ żŲ rÿǣ ܡÿƫƸĪƣŲ ¼ŏŰĪ/ܠ ÿ܏Ű܏ ڌڌ܈ڌڍ żƣ żŲŧŏŲĪ ěǣ Ųż ŧÿƸĪƣ ƸŊÿŲ ڍæڎ dڑŲƸÿƣŏż r ܉żƣżŲƸż¼ ܉ƸŊ Fŧżżƣڔ ܉ÃŲŏǜĪƣƫŏƸǣ ǜĪŲǀĪ ڌڌڍ ŰǀƫƸ ěĪ ƣĪĜĪŏǜĪģ ěǣ żŰƠǀƸĪƣƫŊÿƣĪ ÿƸ ǣżǀƣƠƣżǢǣ܉ŧĪÿƫĪŲżƸĪƸŊÿƸŏŲżƣģĪƣłżƣǣżǀƣǜżƸĪƸżěĪƣĪĜżƣģĪģ ܏rĪĪƸŏŲŃÿƫÿŃǀĪƫƸ rĪĪƸŏŲŃÿŲģƫǀĜŊƠƣżǢǣŊżŧģĪƣǝżǀŧģżŲŧǣěĪÿěŧĪƸżÿƸƸĪŲģƸŊĪ the proxyholder not receiving an invite code to participate in the Ƹż ƣĪŃŏƫƸĪƣ ƸŊĪ ƠƣżǢǣŊżŧģĪƣ ǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪ ǝŏŧŧ ƣĪƫǀŧƸ ŏŲ ƣŏƠŧĪFŧÿŃÿǽƸĪƣƫǀěŰŏƸƸŏŲŃǣżǀƣłżƣŰżłƠƣżǢǣ܏FÿŏŧǀƣĪ¼ܕƫŊÿƣĪ܏ĜżŰ ǝǝǝ܏ĜżŰƠǀƸĪƣ-ܕܕ܈ƫǀĜŊƠƣżǢǣŊżŧģĪƣǝŏƸŊ żŰƠǀƸĪƣƫŊÿƣĪÿƸŊƸƸƠ ǣżǀŰǀƫƸĜżŰƠŧĪƸĪƸŊĪÿģģŏƸŏżŲÿŧƫƸĪƠżłƣĪŃŏƫƸĪƣŏŲŃ܉ƠƣżǢǣŊżŧģĪƣ Sł ǣżǀ ǝŏƫŊ Ƹż ÿƠƠżŏŲƸ ÿŲżƸŊĪƣ ƠĪƣƫżŲ żƣ ĜżŰƠÿŲǣ Ƹż ěĪ ǣżǀƣ ܏ƸŊÿŲƸŊĪżŲĪŏŲĜŧǀģĪģǝŏƸŊƸŊĪŰÿƸĪƣŏÿŧƫƫĪŲƸƸżǣżǀ ÿĜƸÿƫǣżǀƣƠƣżǢǣŊżŧģĪƣ܏æżǀŰÿǣÿŧƫżǀƫĪÿģŏǳłĪƣĪŲƸłżƣŰżłƠƣżǢǣ the management representatives named above are appointed to ܉ǝĪěĜÿƫƸƠŧÿƸłżƣŰ܏SłǣżǀģżŲżƸŏŲƫĪƣƸÿŲÿŰĪŏŲƸŊĪěŧÿŲŤƫƠÿĜĪ to vote your Common Shares by online ballot through the live ƫƠÿĜĪƠƣżǜŏģĪģ܏¼ŊÿƸƠĪƣƫżŲżƣĜżŰƠÿŲǣŰǀƫƸÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ you must insert the other person’s or company’s name in the blank ܉¼żÿƠƠżŏŲƸÿŲżƸŊĪƣƠĪƣƫżŲżƣĜżŰƠÿŲǣƸżěĪǣżǀƣƠƣżǢǣŊżŧģĪƣ ܏ǜżƸĪǣżǀƣ żŰŰżŲ®ŊÿƣĪƫÿƸƸŊĪrĪĪƸŏŲŃ ǣżǀÿƣĪŃŏǜŏŲŃƸŊĪƫĪƠĪƣƫżŲƫƸŊĪÿǀƸŊżƣŏƸǣƸż܉ěĪǣżǀƣƠƣżǢǣŊżŧģĪƣ ƸŊĪ żŰƠÿŲǣ܏ÃŲŧĪƫƫǣżǀĜŊżżƫĪÿŲżƸŊĪƣƠĪƣƫżŲżƣĜżŰƠÿŲǣƸż Fżł ܉ÿŲģ®ŊĪŧģżŲßÿŲģĪƣŤżżǣ/ ܉żłƠƣżǢǣÿƣĪ®ŊÿǀŲÃƫŰÿƣ to be your proxyholder. The names already inserted on the form żƣǣżǀŰÿǣÿƠƠżŏŲƸÿŲżƸŊĪƣƠĪƣƫżŲżƣĜżŰƠÿŲǣ܉ żŰŰżŲ®ŊÿƣĪƫ representatives named in the enclosed proxy form to vote your About the Meeting

ڞ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG of the outstanding Common Shares. żƣŰżƣĪބڌڍżƣĪǢĪƣĜŏƫĪƫĜżŲƸƣżŧżƣģŏƣĪĜƸŏżŲżǜĪƣ܉ģŏƣĪĜƸŧǣżƣŏŲģŏƣĪĜƸŧǣ ܉ŲżżƸŊĪƣƠĪƣƫżŲěĪŲĪǿĜŏÿŧŧǣżǝŲƫ܉¼żƸŊĪŤŲżǝŧĪģŃĪżłƸŊĪ żŰƠÿŲǣ ܏łǀŲģƫÿģǜŏƫĪģěǣ/ŧŧŏżƸƸSŲǜĪƫƸŰĪŲƸrÿŲÿŃĪŰĪŲƸh܏܏ÿŲģŏƸƫÿǳǿŧŏÿƸĪƫ Principal Shareholders are indirectly controlled by certain investment żł ƸŊĪ żǀƸƫƸÿŲģŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ܏ ¼ŊĪ ބڐڔ ®ŊÿƣĪƫ ƣĪƠƣĪƫĪŲƸŏŲŃ żŰŰżŲ ڒڏڎ܉ڍڌڒ܉ڍڏڍ żǝŲ ÿ ƸżƸÿŧ żł ܉ܡ”Principal Shareholders“ܠ ƸŊĪ ܉SŲǜĪƫƸ hǀǢĜżܫSŲǜĪƫƸ h ÿŲģ żܫƸżŃĪƸŊĪƣ ǝŏƸŊ ż ܉ÿŲģ ܡ”Aggregator“ܠ ܏ÿŲģ¼ƣŏƠŧĪFŧÿŃrŏŲŏŲŃŃŃƣĪŃÿƸżƣ®܏đƣ܏ŧܡ’’Co-Invest Luxco‘‘ܠƠÿŲǣ®܏đƣ܏ŧ܏ SŲǜĪƫƸhǀǢĪŰěżǀƣŃSŲǜĪƫƸŰĪŲƸ żŰ-ܫƣŏƠŧĪFŧÿŃ ż¼܉ܡ’’Co-Invest LP‘‘ܠ SŲǜĪƫƸhܫƣŏƠŧĪFŧÿŃrŏŲŏŲŃ/ŧŧŏżƸƸÿŲģrÿŲÿŃĪŰĪŲƸ ż¼܉ƫŊÿƣĪŊżŧģĪƣƫ żŰŰżŲ ®ŊÿƣĪƫ ŏƫƫǀĪģ ÿŲģ żǀƸƫƸÿŲģŏŲŃ܏ ǀƣ ƠƣŏŲĜŏƠÿŧ ړڐڍ܉ڔڍڌ܉ڒڑڍ ƸŊĪƣĪ ǝĪƣĪ ܉ƸŊĪ ƣĪĜżƣģ ģÿƸĪ łżƣ ƸŊĪ rĪĪƸŏŲŃ ܉ڎڎڌڎ ܉ڌڏ ƫ żł rÿƣĜŊ SHARE CAPITAL AND PRINCIPAL SHAREHOLDERS ܏łżƣłǀƣƸŊĪƣŏŲłżƣŰÿƸŏżŲڏڑڎڒܫڐڒڑܫڌڌڔܫڍ ǣżǀ Űÿǣ Ĝÿŧŧ żŰƠǀƸĪƣƫŊÿƣĪ ÿƸ ܉A: Sł ǣżǀ ŊÿǜĪ ÿŲǣ ƢǀĪƫƸŏżŲƫ Q: Who do I contact if I have questions? ܏®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰ żŲŏƸƫǝĪěƫŏƸĪÿƸǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰżƣǀŲģĪƣƸŊĪ żŰƠÿŲǣܹƫ ÿƣĪÿǜÿŏŧÿěŧĪłżƣƣĪǜŏĪǝ܉ܡ”AIF“ܠÿŲģƸŊĪŲŲǀÿŧSŲłżƣŰÿƸŏżŲFżƣŰ ƸŊŏƫ ŏƣĜǀŧÿƣ܉ڍڎڌڎ܉ڍڏÿŲģÿŲÿŧǣƫŏƫłżƣƸŊĪǣĪÿƣĪŲģĪģ'ĪĜĪŰěĪƣ ǿŲÿŲĜŏÿŧ ƫƸÿƸĪŰĪŲƸƫ ÿŲģ ŲżƸĪƫ ÿŲģ ŰÿŲÿŃĪŰĪŲƸܹƫ ģŏƫĜǀƫƫŏżŲ ǝŊŏĜŊ ŏŲĜŧǀģĪƫ ŏƸƫ ÿŲŲǀÿŧ ܉ŲŲǀÿŧ ¦ĪƠżƣƸ ڍڎڌڎ A: ¼ŊĪ żŰƠÿŲǣܹƫ Q: Can I access the annual disclosure documents electronically? of management of the Company. ¼ŊĪ żŰƠÿŲǣǝŏŧŧěĪÿƣƸŊĪĜżƫƸżłÿŧŧƠƣżǢǣƫżŧŏĜŏƸÿƸŏżŲƫżŲěĪŊÿŧł ing proxy materials to non-registered shareholders. ƣĪŏŰěǀƣƫĪģłżƣƸŊĪŏƣƣĪÿƫżŲÿěŧĪĜŊÿƣŃĪƫÿŲģĪǢƠĪŲƫĪƫŏŲłżƣǝÿƣģ- żŰƠÿŲǣŰÿǣÿŧƫżǀƫĪĪŧĪĜƸƣżŲŏĜŰĪÿŲƫ܏SŲƸĪƣŰĪģŏÿƣŏĪƫǝŏŧŧěĪ ěǀƸĪŰƠŧżǣĪĪƫÿŲģÿŃĪŲƸƫżłƸŊĪ܉ěĪƫżŧŏĜŏƸĪģƠƣŏŰÿƣŏŧǣěǣŰÿŏŧ A: rÿŲÿŃĪŰĪŲƸżłƸŊĪ żŰƠÿŲǣŏƫƫżŧŏĜŏƸŏŲŃǣżǀƣƠƣżǢǣ܏ƣżǢŏĪƫǝŏŧŧ Q: Who is soliciting my proxy? ܏ƸŊĪrĪĪƸŏŲŃ ƸŏǜĪƫżł żŰƠǀƸĪƣƫŊÿƣĪǝŊżǝŏŧŧěĪÿƠƠżŏŲƸĪģÿƫƫĜƣǀƸŏŲĪĪƣƫÿƸ ƸŊƣżǀŃŊƸŊĪŧŏǜĪǝĪěĜÿƫƸƠŧÿƸłżƣŰǝŏŧŧěĪĜżǀŲƸĪģěǣƣĪƠƣĪƫĪŲƸÿ- A: ßżƸĪƫĜÿƫƸŏŲÿģǜÿŲĜĪěǣǝÿǣżłƠƣżǢǣÿŲģǜżƸĪƫĜÿƫƸÿƸƸŊĪrĪĪƸŏŲŃ Q: Who counts the vote? ܏ŰÿƸƸĪƣƸżěĪǜżƸĪģǀƠżŲÿƸƸŊĪrĪĪƸŏŲŃ outstanding. Each Common Share is entitled to one vote on each żŰŰżŲ ®ŊÿƣĪƫ ړڐڍ܉ڔڍڌ܉ڒڑڍ ƸŊĪƣĪ ǝĪƣĪ ܉ڎڎڌڎ ܉ڌڏ A: ƫ żł rÿƣĜŊ Q: How many shares are entitled to be voted? GENERAL INFORMATION ܏ǣżǀƫŊżǀŧģŲżƸǜżƸĪģǀƣŏŲŃƸŊĪrĪĪƸŏŲŃ܉ƫǀěŰŏƸƸĪģƠƣżǢǣ ƠƣĪǜŏżǀƫŧǣƫǀěŰŏƸƸĪģ܏SłǣżǀģżŲżƸǝŏƫŊƸżƣĪǜżŤĪÿƠƣĪǜŏżǀƫŧǣ ƸŊÿƸǣżǀĜÿƫƸÿƸƸŊĪrĪĪƸŏŲŃǝŏŧŧƣĪǜżŤĪÿŲǣƠƣżǢǣƸŊÿƸǣżǀ ÿŲǣǜżƸĪ܉ŰĪĪƸŏŲŃÿŲģǣżǀÿĜĜĪƠƸƸŊĪƸĪƣŰƫÿŲģĜżŲģŏƸŏżŲƫ • If you use your control number as a username to log into the ܏ŏŲÿŲǣżƸŊĪƣŰÿŲŲĪƣƠĪƣŰŏƸƸĪģěǣŧÿǝ ܨ żƣܔƸżƸŊĪ ŊÿŏƣżłƸŊĪrĪĪƸŏŲŃěĪłżƣĪƸŊĪrĪĪƸŏŲŃƫƸÿƣƸƫ ܨ ܔÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģrĪĪƸŏŲŃ Sundays and statutory holidays) before the date of the ܉ĪǢĜŧǀģŏŲŃ®ÿƸǀƣģÿǣƫܠŊżǀƣƫڔڐ܉ŏƫÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģ ŏłƸŊĪrĪĪƸŏŲŃ܉żƣڎڎڌڎ܉ڕżŲrÿǣܡÿƫƸĪƣŲ¼ŏŰĪ/ܠÿ܏Ű܏ڌڌ܈ڌڍ Ƹż ƸŊĪ żǳǿĜĪƫ żł żŰƠǀƸĪƣƫŊÿƣĪ ÿƸ ÿŲǣ ƸŏŰĪ ěĪłżƣĪ ܨ ܈ÿŲģģĪŧŏǜĪƣŏŲŃŏƸ ܉ǝŊŏĜŊŏƫƫŏŃŲĪģěǣǣżǀżƣǣżǀƣÿƸƸżƣŲĪǣÿǀƸŊżƣŏǭĪģŏŲǝƣŏƸŏŲŃ ܉ǣĜżŰƠŧĪƸŏŲŃÿǝƣŏƸƸĪŲƫƸÿƸĪŰĪŲƸƣĪǜżŤŏŲŃǣżǀƣŏŲƫƸƣǀĜƸŏżŲƫ • ܔÿģšżǀƣŲĪģżƣƠżƫƸƠżŲĪģrĪĪƸŏŲŃ ěĪłżƣĪƸŊĪģÿƸĪżłÿŲǣܡǀŲģÿǣƫÿŲģƫƸÿƸǀƸżƣǣŊżŧŏģÿǣƫ®܉ģÿǣƫ ĪǢĜŧǀģŏŲŃ®ÿƸǀƣ-ܠŊżǀƣƫڔڐƸŊĪģĪÿģŧŏŲĪǝŏŧŧěĪŲżŧÿƸĪƣƸŊÿŲ ܉Sł ƸŊĪ rĪĪƸŏŲŃ ŏƫ ÿģšżǀƣŲĪģ żƣ ƠżƫƸƠżŲĪģ ܏ڎڎڌڎ ܉ڕ żŲ rÿǣ ܡÿƫƸĪƣŲ¼ŏŰĪ/ܠÿ܏Ű܏ڌڌ܈ڌڍ żŰƠǀƸĪƣƫŊÿƣĪÿƸÿŲǣƸŏŰĪěĪłżƣĪ ÿŲģģĪŧŏǜĪƣŏŲŃŏƸƸż܉ƸŊĪƠƣżǢǣłżƣŰǣżǀƠƣĪǜŏżǀƫŧǣƣĪƸǀƣŲĪģ ǣĜżŰƠŧĪƸŏŲŃÿŲģƫŏŃŲŏŲŃÿƠƣżǢǣłżƣŰǝŏƸŊÿŧÿƸĪƣģÿƸĪƸŊÿŲ • ܈łżŧŧżǝŏŲŃǝÿǣƫ You may revoke your proxy or voting instructions in any of the Registered shareholders ܏ǣżǀƣŏŲƸĪƣŰĪģŏÿƣǣŏƫŲżƸƣĪƢǀŏƣĪģƸżÿĜƸżŲŏƸ܉ƸŏŰĪ revocation to Computershare. If your revocation is not received in intermediary). This gives your intermediary time to submit the żƣÿƫżƸŊĪƣǝŏƫĪŏŲƫƸƣǀĜƸĪģěǣǣżǀƣܠƫĪǜĪŲģÿǣƫěĪłżƣĪƸŊĪrĪĪƸŏŲŃ ƫżŧżŲŃÿƫƸŊĪŏŲƸĪƣŰĪģŏÿƣǣƣĪĜĪŏǜĪƫǣżǀƣŲżƸŏĜĪÿƸŧĪÿƫƸ܉ŰĪģŏÿƣǣ æżǀŰÿǣƣĪǜżŤĪǣżǀƣƠƣżǢǣěǣƫĪŲģŏŲŃǝƣŏƸƸĪŲŲżƸŏĜĪƸżǣżǀƣŏŲƸĪƣ- Non-registered shareholders ܈A: ƣżǢŏĪƫŰÿǣěĪƣĪǜżŤĪģŏŲƸŊĪłżŧŧżǝŏŲŃǝÿǣƫ voting instructions? Q: If I change my mind, how do I revoke my proxy or uslegalproxy@computershare.com. żƣěǣĪŰÿŏŧƸżڍæڎdڑrܔŲƸÿƣŏż܉żƣżŲƸż¼ܔƸŊFŧżżƣڔܔƫŏƸǣǜĪŲǀĪ ÃŲŏǜĪƣ- ڌڌڍ ܉ƣĪŃŏƫƸƣÿƸŏżŲ ƫŊżǀŧģ ěĪ ģŏƣĪĜƸĪģ Ƹż żŰƠǀƸĪƣƫŊÿƣĪ submit a copy of your legal proxy to Computershare. Requests for ǣżǀŰǀƫƸ܉ƸżƸŊĪŲƣĪŃŏƫƸĪƣƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ܉żƣżƸŊĪƣÿŃĪŲƸ ěÿŲŤ܉ǿƣƫƸ żěƸÿŏŲŏŲŃ ÿ ǜÿŧŏģ ŧĪŃÿŧ ƠƣżǢǣ łżƣŰ łƣżŰ ǣżǀƣ ěƣżŤĪƣ ĜżŲƸÿĜƸǣżǀƣěƣżŤĪƣżƣěÿŲŤƸżƣĪƢǀĪƫƸÿŧĪŃÿŧƠƣżǢǣłżƣŰ܏ǽƸĪƣ żƣ܉łƣżŰǣżǀƣěƣżŤĪƣżƣěÿŲŤŏŲĜŧǀģĪģǝŏƸŊƸŊĪƫĪƠƣżǢǣŰÿƸĪƣŏÿŧƫ ƣĪŃŏƫƸĪƣŏŲÿģǜÿŲĜĪƸżÿƸƸĪŲģƸŊĪrĪĪƸŏŲŃ܏FżŧŧżǝƸŊĪŏŲƫƸƣǀĜƸŏżŲƫ ěÿŲŤżƣżƸŊĪƣÿŃĪŲƸÿŲģƸŊĪŲ܉ǜÿŧŏģŧĪŃÿŧƠƣżǢǣłƣżŰǣżǀƣěƣżŤĪƣ ǣżǀŰǀƫƸǿƣƫƸżěƸÿŏŲÿ܉¼żÿƸƸĪŲģÿŲģǜżƸĪÿƸƸŊĪǜŏƣƸǀÿŧrĪĪƸŏŲŃ United States non-registered shareholders About the Meeting

ڟ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ences and diversity of perspectives. complement each other in respect of their respective skills and experi- ƸŊĪ ģŏƣĪĜƸżƣ ŲżŰŏŲĪĪƫ ܉ żŰƠÿŲǣܹƫ ěǀƫŏŲĪƫƫ ÿŲģ ÿǳłÿŏƣƫ܏ ƫ ÿ ŃƣżǀƠ żÿƣģ ĜżŲƫŏģĪƣƫ ǝŊĪŲ żǜĪƣƫĪĪŏŲŃ ƸŊĪ ƸŊĪ ěƣżÿģ ƣÿŲŃĪ żł ŏƫƫǀĪƫ ƸŊĪ ship and professional reputation and their collective ability to address The director nominees have been selected based on their sound leader- ܏ĪǢƠĪƣƸŏƫĪÿŲģǿŲÿŲĜŏÿŧÿŲģěǀƫŏŲĪƫƫÿĜǀŰĪŲ ÿŲģ ƸŊżƫĪ ǝŊż ŊÿǜĪ ƸĪĜŊŲŏĜÿŧ ÿŲģ żƠĪƣÿƸŏŲŃ ܉ŏƸƫ ŧŏĜĪŲƫĪ Ƹż żƠĪƣÿƸĪ have skills and experience necessary to ensure our business can secure żÿƣģŲżŰŏŲĪĪƫŰǀƫƸƫƸƣŏŤĪƸŊĪƣŏŃŊƸěÿŧÿŲĜĪěĪƸǝĪĪŲƸŊżƫĪǝŊżżǀƣ ÿŲģÿŲǣżƸŊĪƣƠǀěŧŏĜĜżŰƠÿŲǣěżÿƣģƫƸŊĪǣƫŏƸżŲ܏àĪěĪŧŏĪǜĪ܉ żŰƠÿŲǣ ŏŲĜŧǀģŏŲŃŊżǝŰǀĜŊĪƢǀŏƸǣƸŊĪǣżǝŲŏŲƸŊĪ܉ŏŲłżƣŰÿƸŏżŲƸżĜżŲƫŏģĪƣ tell you about each director nominee’s experience and other important ܉ƠƣżǜŏģĪģěĪŧżǝǀŲģĪƣܶ'ŏƣĪĜƸżƣƣżǿŧĪƫܷ܉¼ŊĪģŏƣĪĜƸżƣŲżŰŏŲĪĪƠƣżǿŧĪƫ ܏ƫǀĜŊżǳǿĜĪŏƫĪÿƣŧŏĪƣǜÿĜÿƸĪģ ƸżŊżŧģżǳǿĜĪǀŲƸŏŧƸŊĪŲĪǢƸÿŲŲǀÿŧŰĪĪƸŏŲŃżłƫŊÿƣĪŊżŧģĪƣƫżƣǀŲƸŏŧ łżƣƸŊĪĪŧĪĜƸŏżŲżłƸŊĪģŏƣĪĜƸżƣŲżŰŏŲĪĪƫ܏/ÿĜŊģŏƣĪĜƸżƣǝŏŧŧěĪĪŧĪĜƸĪģ closed. The persons named in the enclosed form of proxy intend to vote ƸŊĪ ǜżƸŏŲŃ ƣĪƫǀŧƸƫ łżƣ ĪÿĜŊ ŲżŰŏŲĪĪ ǝŏŧŧ ěĪ ƠǀěŧŏĜŧǣ ģŏƫ- ܉ŧĪŃŏƫŧÿƸŏżŲ ÿŲģŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊÿƠƠŧŏĜÿěŧĪ ÿŲÿģŏÿŲƫĪĜǀƣŏƸŏĪƫ܉żŲŏŲģŏǜŏģǀÿŧŧǣ ƸŊĪŲżŰŏŲĪĪƫǝŏŧŧěĪǜżƸĪģ܉ƠƣżǢǣŊżŧģĪƣܹƫģŏƫĜƣĪƸŏżŲ܏ƸƸŊĪrĪĪƸŏŲŃ ƸŊĪ ƠƣżǢǣŊżŧģĪƣ Űÿǣ ǜżƸĪ łżƣ ÿŲżƸŊĪƣ ŲżŰŏŲĪĪ ÿƸ ƸŊĪ ܉ƸŊĪ rĪĪƸŏŲŃ ěǀƸŏłƸŊÿƸƫŊżǀŧģżĜĜǀƣłżƣÿŲǣƣĪÿƫżŲƠƣŏżƣƸż܉ƸżƫĪƣǜĪÿƫÿģŏƣĪĜƸżƣ rÿŲÿŃĪŰĪŲƸģżĪƫŲżƸěĪŧŏĪǜĪƸŊÿƸÿŲǣżłƸŊĪŲżŰŏŲĪĪƫǝŏŧŧěĪǀŲÿěŧĪ ܏żÿƣģ łżƣ ƸŊĪ ŲĪǢƸ ÿŲŲǀÿŧ ƸĪƣŰ ŏƸǣ ÿŲģ ǝŏŧŧŏŲŃŲĪƫƫ Ƹż ƫĪƣǜĪ żŲ ƸŊĪ the Company and all of the nominees have established their eligibil- ĪŧĪĜƸĪģÿƸƸŊĪrĪĪƸŏŲŃ܏ŧŧƫĪǜĪŲŲżŰŏŲĪĪƫÿƣĪĜǀƣƣĪŲƸŧǣģŏƣĪĜƸżƣƫżł żÿƣģ Ŋÿƫ ģĪƸĪƣŰŏŲĪģ ƸŊÿƸ ƫĪǜĪŲ ģŏƣĪĜƸżƣ ŲżŰŏŲĪĪƫ ǝŏŧŧ ěĪ ¼ŊĪ ELECTION OF THE BOARD OF DIRECTORS ܏ǝĪěƫŏƸĪÿƸǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰ ƸŊĪ żŰƠÿŲǣܹƫ®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰżƣżŲƸŊĪ żŰƠÿŲǣܹƫ request. The 2021 Annual Report in English is also available under in English may be obtained from the Secretary of the Company upon Company’s 2021 Annual Report. Copies of the 2021 Annual Report ƫŊÿƣĪŊżŧģĪƣƫ ÿƸ ƸŊĪ rĪĪƸŏŲŃ܏ ¼ŊĪƫĪ ģżĜǀŰĪŲƸƫ ÿƣĪ ŏŲĜŧǀģĪģ ŏŲ ƸŊĪ ƸżŃĪƸŊĪƣ ǝŏƸŊ ƸŊĪ ÿǀģŏƸżƣܹƫ ƣĪƠżƣƸ ƸŊĪƣĪżŲ ǝŏŧŧ ěĪ ƠŧÿĜĪģ ěĪłżƣĪ ƸŊĪ ڍڎڌڎ܉ڍڏŰĪŲƸܹƫģŏƫĜǀƫƫŏżŲÿŲģÿŲÿŧǣƫŏƫłżƣƸŊĪǣĪÿƣĪŲģĪģ'ĪĜĪŰěĪƣ ¼ŊĪ żŰƠÿŲǣܹƫÿǀģŏƸĪģĜżŲƫżŧŏģÿƸĪģǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫÿŲģŰÿŲÿŃĪ- RECEIVE THE FINANCIAL STATEMENTS ܏żŲƠƠƣżÿĜŊƸż/ǢĪĜǀƸŏǜĪ żŰƠĪŲƫÿƸŏżŲܷƫĪĜƸŏżŲżłƸŊŏƫ ŏƣĜǀŧÿƣ ÿƫģŏƫĜǀƫƫĪģŏŲŰżƣĪģĪƸÿŏŧǀŲģĪƣƸŊĪܶģǜŏƫżƣǣ¦ĪƫżŧǀƸŏżŲ܉ƸŏżŲ resolution on the Company’s approach to executive compensa- ŊÿƣĪŊżŧģĪƣƫ żƣ ƸŊĪŏƣ ƠƣżǢǣŊżŧģĪƣƫ ǝŏŧŧ ǜżte on the advisory® ܨ EXECUTIVE COMPENSATION ADVISORY RESOLUTION ON APPROACH TO ܚ .auditor’s remuneration żÿƣģƸżǿǢƸŊĪŰĪŲƸżłƸŊĪÿǀģŏƸżƣÿŲģƸŊĪÿǀƸŊżƣŏǭÿƸŏżŲżłƸŊĪ ÿƠƠżŏŲƸ-ܫŊÿƣĪŊżŧģĪƣƫżƣƸŊĪŏƣƠƣżǢǣŊżŧģĪƣƫǝŏŧŧǜżƸĪżŲƸŊĪƣĪ® ܨ APPOINTMENT OF THE AUDITOR ܚ ܏ƠƣżǢǣŊżŧģĪƣƫǝŏŧŧǜżƸĪżŲƸŊĪĪŧĪĜƸŏżŲżłƸŊĪģŏƣĪĜƸżƣƫ ƸŊĪ“Board”). Shareholders or theirܠżłģŏƣĪĜƸżƣƫżłƸŊĪ żŰƠÿŲǣ Seven director nominees are proposed for election to the board ܨ ELECTION OF THE BOARD OF DIRECTORS ܚ ܏ĜŏÿŧƣĪƫǀŧƸƫǝŏƸŊŰÿŲÿŃĪŰĪŲƸ ƠƣżǢǣŊżŧģĪƣƫǝŏŧŧěĪŃŏǜĪŲÿŲżƠƠżƣƸǀŲŏƸǣƸżģŏƫĜǀƫƫƸŊĪǿŲÿŲ- ǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫÿƸƸŊĪrĪĪƸŏŲŃÿŲģƫŊÿƣĪŊżŧģĪƣƫżƣƸŊĪŏƣ rÿŲÿŃĪŰĪŲƸ ǝŏŧŧ ƠƣĪƫĪŲƸ ƸŊĪ ÿŲŲǀÿŧ ÿǀģŏƸĪģ ĜżŲƫżŧŏģÿƸĪģ ܨ RECEIVE THE FINANCIAL STATEMENTS ܚ ܈¼ŊĪłżŧŧżǝŏŲŃěǀƫŏŲĪƫƫǝŏŧŧěĪƸƣÿŲƫÿĜƸĪģÿƸƸŊĪrĪĪƸŏŲŃ BUSINESS TO BE TRANSACTED AT THE MEETING About the Meeting

ږڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ģżŧŧÿƣƫÿŲģƣĪłĪƣĪŲĜĪƫƸżܶݕܷÿƣĪƸżǀƫƸƣÿŧŏÿŲģżŧŧÿƣƫ ƣĪłĪƣĪŲĜĪƫƸżܶ ݕܷÿƣĪƸż ÿŲÿģŏÿŲ܉ܶģżŧŧÿƣƫܷÿƣĪƸżÃŲŏƸĪģ®ƸÿƸĪƫģżŧŧÿƣƫ ݕܷ żƣܶ ܉ŏŲ Ã܏®܏ ģżŧŧÿƣƫ ǀŲŧĪƫƫ żƸŊĪƣǝŏƫĪ ŏŲģŏĜÿƸĪģ܏ ¦ĪłĪƣĪŲĜĪƫ Ƹż ܶÃ®ݕܷ żł ƸŊŏƫ ŏƣĜǀŧÿƣ܏ ŧŧ ÿŰżǀŲƸƫ ŏŲ ƸŊŏƫ rÿŲÿŃĪŰĪŲƸ ƣżǢǣ ŏƣĜǀŧÿƣÿƣĪ żÿƣģܷÿŲģܶ żŰŰŏƸƸĪĪƫżłżǀƣ܉ żŰƠĪŲƫÿƸŏżŲÿŲģ/ƢǀŏƸǣǝŲĪƣƫŊŏƠܷ ŧŧ żƸŊĪƣ ģŏƣĪĜƸżƣ ŏŲłżƣŰÿƸŏżŲ ĜÿŲ ěĪ łżǀŲģ ŏŲ ܶ¦ĪƠżƣƸ żŲ 'ŏƣĪĜƸżƣ the Company. any of the nominees has been nominated for election as a director of ƠǀƣƫǀÿŲƸ ƸżǝŊŏĜŊ ܉żƣ ÿŲǣ żƸŊĪƣ ƠĪƣƫżŲ܉ģŏƣĪĜƸżƣ żƣ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣ żƣ ǀŲģĪƣƫƸÿŲģŏŲŃƫ ěĪƸǝĪĪŲ ÿŲǣ ܉ÿƣƣÿŲŃĪŰĪŲƸƫ ܉ÿƣĪ Ųż ĜżŲƸƣÿĜƸƫ ƸŊĪƣĪ܉ܡÿƫģĪǿŲĪģŊĪƣĪŏŲܠƸŊĪƣƸŊÿŲƸŊĪSŲǜĪƫƸżƣ¦ŏŃŊƸƫŃƣĪĪŰĪŲƸ number of directors to be elected. ǝŊĪƣĪ ƸŊĪ ŲǀŰěĪƣ żł ŲżŰŏŲĪĪƫ łżƣ ģŏƣĪĜƸżƣ ƫŊÿŧŧ ěĪ ĪƢǀÿŧ Ƹż ƸŊĪ ÿŲ ܶǀŲĜżŲƸĪƫƸĪģ ĪŧĪĜƸŏżŲܷ ŰĪÿŲƫ ÿŲ ĪŧĪĜƸŏżŲ ܉ŰÿšżƣŏƸǣ ǜżƸŏŲŃ ƠżŧŏĜǣ żÿƣģ܏ Fżƣ ƸŊĪ ƠǀƣƠżƫĪƫ żłżǀƣ ģŏƣĪĜƸżƣ Ƹż ĜżŲƸŏŲǀĪ Ƹż ƫĪƣǜĪ żŲ ƸŊĪ ÿěƫĪŲƸĪǢĜĪƠƸŏżŲÿŧĜŏƣĜǀŰƫƸÿŲĜĪƫƸŊÿƸǝżǀŧģǝÿƣƣÿŲƸƸŊĪÿƠƠŧŏĜÿěŧĪ żÿƣģ ÿĜĜĪƠƸ ƸŊĪ ƣĪƫŏŃŲÿƸŏżŲ żŰŰŏƸƸĪĪ ƫŊÿŧŧ ƣĪĜżŰŰĪŲģ ƸŊÿƸ ƸŊĪ G®/ ޠ żÿƣģ ǝŊĪƸŊĪƣ żƣ ŲżƸ Ƹż ÿĜĜĪƠƸ ŏƸ܏ ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ Ƹż ƸŊĪ ĜżŲƫŏģĪƣƸŊĪƣĪƫŏŃŲÿƸŏżŲżǳłĪƣÿŲģƫŊÿŧŧƣĪĜżŰŰĪŲģ܉ƸŊĪƣĪƫŏŃŲÿƸŏżŲ ƠƣżŰƠƸŧǣłżŧŧżǝŏŲŃ܉G żŰŰŏƸƸĪĪƫŊÿŧŧ®/ޠÿƸŏżŲ܏¼ŊĪ żŰƠĪŲƫÿƸŏżŲ promptly referred to the Compensation & ESG Committee for consider- & ESG Committee. Any resignation received by the Chair shall be ƸżĪÿĜŊŰĪŰěĪƣżłƸŊĪ żŰƠÿŲǣܹƫ żŰƠĪŲƫÿƸŏżŲ܉ģŏƣĪĜƸżƣŏƫƸŊĪ Ŋÿŏƣ ŏłƸŊĪÿǳłĪĜƸĪģ܉żÿƣģłżŧŧżǝŏŲŃƸŊĪŰĪĪƸŏŲŃżƣƸŏżŲƸżƸŊĪ ŊÿŏƣżłƸŊĪ ܶǝŏƸŊŊĪŧģܷłƣżŰƫǀĜŊĪŧĪĜƸŏżŲƫŊÿŧŧƠƣżŰƠƸŧǣƸĪŲģĪƣŊŏƫżƣŊĪƣƣĪƫŏŃŲÿ- ŲżƸƣĪĜĪŏǜĪÿŃƣĪÿƸĪƣŲǀŰěĪƣżłǜżƸĪƫܶłżƣܷŊŏƫżƣŊĪƣĪŧĪĜƸŏżŲƸŊÿŲǜżƸĪƫ ÿŲǣŲżŰŏŲĪĪłżƣģŏƣĪĜƸżƣǝŊżģżĪƫ܉ǀŲĜżŲƸĪƫƸĪģĪŧĪĜƸŏżŲżłģŏƣĪĜƸżƣƫ ÿŲģ ěǣ ŰÿšżƣŏƸǣ ǜżƸĪ܏ ǀƣ ŰÿšżƣŏƸǣ ǜżƸŏŲŃ ƠżŧŏĜǣ ƠƣżǜŏģĪƫ ƸŊÿƸŏŲ ÿŲ ܉ŏŲģŏǜŏģǀÿŧŧǣ܉łżƣĪŧĪĜƸŏżŲÿƫģŏƣĪĜƸżƣ܏ǀƣģŏƣĪĜƸżƣƫÿƣĪĪŧĪĜƸĪģÿŲŲǀÿŧŧǣ ¼ŊĪłżŧŧżǝŏŲŃƠƣżǿŧĪƫƠƣĪƫĪŲƸŏŲłżƣŰÿƸŏżŲÿěżǀƸĪÿĜŊżłƸŊĪŲżŰŏŲĪĪƫ DIRECTOR PROFILES ܏tżŰŏŲĪĪżłżǀƣƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫ܏®ĪĪܶtżŰŏŲÿƸŏżŲ¦ŏŃŊƸƫܷ ڑ ܏ŏƣĪĜƸżƣSŲģĪƠĪŲģĪŲĜĪܷ'ܧ®ĪĪܶ®ƸÿƸĪŰĪŲƸżł żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪƣÿĜƸŏĜĪƫ NI 58-101”) of the Canadian Securities Administrators.“ܠ żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪƣÿĜƸŏĜĪƫ ŏƫĜŧżƫǀƣĪżł'ܧڍڌڍܫڔڑSŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣłżƣƸŊĪƠǀƣƠżƫĪƫżłtÿƸŏżŲÿŧSŲƫƸƣǀŰĪŲƸ ڐ ܏G żŰŰŏƸƸĪĪ®/ޠrĪŰěĪƣżłżǀƣ żŰƠĪŲƫÿƸŏżŲ ڏ ܏rĪŰěĪƣżłżǀƣǀģŏƸ żŰŰŏƸƸĪĪ 2 ܏ڍڎڌڎ܉ړÿŲģĪƸĪƣܹNÿŃÿŲǝÿƫĪŧĪĜƸĪģżŲrÿǣ܉ÿŤĪƣŏŰ¼܉ŏƣrŏĜŊÿĪŧ'ÿǜŏƫ®܉ǀƫÿŲŧŧĪŲ® ܉ÿĜŊżł'ÿǝŲàŊŏƸƸÿŤĪƣ/܏ڕڍڌڎ܉ڌڍ1 rÿƣŤ ŏĜŏƣĪŧŧŏÿŲģ®ŊÿǀŲÃƫŰÿƣǝĪƣĪĪŧĪĜƸĪģżŲĜƸżěĪƣ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Director and Ontario, Canada ®ŊÿǀŲÃƫŰÿƣ Director New York, United States ڑ܉ڐ܉ڏ܉ڎĪƸĪƣܹNÿŃÿŲ Director New York, United States ڑrÿƣŤ ŏĜŏƣĪŧŧŏ Director British Columbia, Canada ڑ܉ڐ܉ڏ ÿŤĪƣ¼ŏŰ ESG Committee Chair Director and Compensation & London, United Kingdom ڐ܉ڏ®ŏƣrŏĜŊÿĪŧ'ÿǜŏƫ Audit Committee Chair Director and Ontario, Canada ڑ܉ڐ܉ڎSusan Allen żÿƣģ Ŋÿŏƣ'ŏƣĪĜƸżƣÿŲģ Ontario, Canada ڐ܉ڎ'ÿǝŲàŊŏƸƸÿŤĪƣ Name and Place of Residence Principal Position/Title1 ܏ǀŲŧĪƫƫƸŊĪŏƣżǳǿĜĪŏƫĪÿƣŧŏĪƣǜÿĜÿƸĪģ܉ÿƠƠżŏŲƸĪģ annual meeting of shareholders or until their successors are elected or ěĪŧżǝ ǀŲģĪƣ ܶ'ŏƣĪĜƸżƣ ƣżǿŧĪƫܷ܏ 'ŏƣĪĜƸżƣƫ ǝŏŧŧ ƫĪƣǜĪ ǀŲƸŏŧ ƸŊĪ ŲĪǢƸ Additional biographical information for each individual is provided ܏żÿƣģƣĪĜżŰŰĪŲģƫÿǜżƸĪF¦ÿŧŧŲżŰŏŲĪĪƫŧŏƫƸĪģěĪŧżǝ¼ŊĪ About the Meeting

ڗڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģ ŊÿŏƣłĪĪŏƫÿŧŧżĜÿƸĪģŏŲ'®Ãƫ2 ŲŲǀÿŧ ܏łżƣƠÿƣƸŏÿŧǣĪÿƣƫĪƣǜŏĜĪłƣżŰSŏŲrÿǣڍڎڌڎƣÿƸĪģŏŲܫƠƣżڌڌڌ܉ڌڐŲŲǀÿŧ'ŏƣĪĜƸżƣ ÿƫŊ¦ĪƸÿŏŲĪƣŏƫÃ®ݕ 1 ڌڎڌڎܨڔڍڌڎ Detour Gold Corporation ƠƣĪƫĪŲƸܨڎڎڌڎ®ŏĪƣƣÿrĪƸÿŧƫSŲĜ܏ FĪěƣǀÿƣǣ Other Public Boards During the Past Five Years Exceeds Director share ownership requirement ڌڌڌ܉ڍڎ Ãƫ®' ڌڌڌ܉ڏڎ Common Shares Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance 2ڌڌڌ܉ڌڌڍ Ã®ݕ ڑܕڑ żÿƣģ Ŋÿŏƣ ڌڌڌ܉ڌڒڍ Ã®ݕ 1ڌڌڌ܉ڌڏ Ã®ݕ ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 2021 ܏܏łƣżŰ¥ǀĪĪŲܹƫÃŲŏǜĪƣƫŏƸǣ܏ÿŲģÿŲhhܡNżŲżǀƣƫܠ ÿĜŊĪŧżƣ żł ƣƸƫ ®ŊĪ Ŋÿƫ ƣĪĜĪŏǜĪģ ƸŊĪ tÿƸŏżŲÿŧ ƫƫżĜŏÿƸŏżŲ żł żƣƠżƣÿƸĪ 'ŏƣĪĜƸżƣƫ ĜĪƣƸŏłŏĜÿƸŏżŲ ÿŲģ Ŋżŧģƫ ÿ the Continuous Disclosure Advisory Committee of the Ontario Securities Commission. rƫ܏àŊŏƸƸÿŤĪƣÿŧƫżƠƣĪǜŏżǀƫŧǣƫĪƣǜĪģżŲ܏ړڍڌڎƸżڐڍڌڎłƣżŰܡěżÿƣģܠżłƸŊĪłŏƣŰܹƫ ÿŲÿģŏÿŲÿƣƸŲĪƣƫŊŏƠ żŰŰŏƸƸĪĪ ÿŲģÿŰĪŰěĪƣڑڍڌڎƸżڎڍڌڎǝÿƫƸŊĪŲÿƸŏżŲÿŧŧĪÿģĪƣżłƸŊĪłŏƣŰܹƫrŏŲŏŲŃÿŲģ żŰŰżģŏƸŏĪƫ¼ĪÿŰŏŲ ÿŲÿģÿłƣżŰ ǝŊĪƣĪƫŊĪ܉ÿŃŧżěÿŧŧÿǝłŏƣŰ܉ƫŊĪǝÿƫÿƫĪŲŏżƣƠÿƣƸŲĪƣÿƸtżƣƸżŲ¦żƫĪFǀŧěƣŏŃŊƸ܉ڔڍڌڎƣŏżƣƸżŊĪƣƣĪƸŏƣĪŰĪŲƸŏŲ ܏ŲƸÿƣŏż'ŏǜŏƫŏżŲ܉żÿƣģżł'ŏƣĪĜƸżƣƫżłƸŊĪ ÿŲÿģŏÿŲrĪŲƸÿŧNĪÿŧƸŊƫƫżĜŏÿƸŏżŲłżƣŰĪƣŰĪŰěĪƣżłƸŊĪ ÿģŰŏŲƸżŲÿŲģ¦ÿĜƢǀĪƸ ŧǀěżł¼żƣżŲƸżÿŲģÿżÿƣģżł'ŏƣĪĜƸżƣƫżł¼ŊĪ®ŊĪŏƫĜǀƣƣĪŲƸŧǣƸŊĪßŏĜĪƣĪƫŏģĪŲƸżłƸŊĪ ܏żłfŏƣŤŧÿŲģhÿŤĪGżŧģܹƫ®ƠĪĜŏÿŧ żŰŰŏƸƸĪĪŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊĪĜżŰƠÿŲǣܹƫŰĪƣŃĪƣǝŏƸŊtĪǝŰÿƣŤĪƸGżŧģSŲĜ ÿŲģÿŰĪŰěĪƣżłƸŊĪǀģŏƸ żŰŰŏƸƸĪĪÿŲģƸŊĪ żŰƠĪŲƫÿƸŏżŲ żŰŰŏƸƸĪĪ܏rƫ܏àŊŏƸƸÿŤĪƣǝÿƫÿŧƫżƸŊĪ Ŋÿŏƣ ܉ŏƫÿłżƣŰĪƣģŏƣĪĜƸżƣżłfŏƣŤŧÿŲģhÿŤĪGżŧģǝŊĪƣĪƫŊĪǝÿƫƸŊĪ ŊÿŏƣżłƸŊĪ żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪ żŰŰŏƸƸĪĪ ÿƫÿŰĪŰěĪƣżłƸŊĪNǀŰÿŲ¦ĪƫżǀƣĜĪƫÿŲģ żŰƠĪŲƫÿƸŏżŲ żŰŰŏƸƸĪĪÿŲģƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ܏rƫ܏àŊŏƸƸÿŤĪƣ ÿƫǝĪŧŧ܉żÿƣģÿŲģÿƫÿŲŏŲƸĪƣŏŰ ŊÿŏƣżłƸŊĪ܉ÿƫ ŊÿŏƣżłƸŊĪ żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪÿŲģtżŰŏŲÿƸŏŲŃ żŰŰŏƸƸĪĪ ǝŊĪƣĪƫŊĪƫĪƣǜĪģ܉żÿƣģżł'ŏƣĪĜƸżƣƫÿƸ'ĪƸżǀƣGżŧģ żƣƠżƣÿƸŏżŲ®ŏĪƣƣÿrĪƸÿŧƫSŲĜ܏ÿŲģŏƫÿłżƣŰĪƣŰĪŰěĪƣżłƸŊĪ żÿƣģżł'ŏƣĪĜƸżƣƫżłĜżƣƠżƣÿƸĪłŏŲÿŲĜĪÿŲģĜżƣƠżƣÿƸĪŃżǜĪƣŲÿŲĜĪ܏®ŊĪŏƫĜǀƣƣĪŲƸŧǣÿŰĪŰěĪƣżłƸŊĪ܉ÿĜƢǀŏƫŏƸŏżŲƫ ǣĪÿƣƫ żł ĪǢƠĪƣŏĪŲĜĪ ŏŲ ŰĪƣŃĪƣƫ ÿŲģ ڌڏ rƫ܏ àŊŏƸƸÿŤĪƣ ŏƫ ÿ ƫĪÿƫżŲĪģ ĜÿƠŏƸÿŧ ŰÿƣŤĪƸƫ ŧÿǝǣĪƣ ǝŏƸŊ ŰżƣĪ ƸŊÿŲ Legal & Compliance żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ Areas of Expertise Nationality: Canadian ÿŲÿģÿ ܉ŲƸÿƣŏż܈Residence ڍڒ:Age ڍڎڌڎDirector since:rÿǣ DAWN WHITTAKER Independent Director and Chair of the Board About the Meeting

ژڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏łżƣƠÿƣƸŏÿŧǣĪÿƣƫĪƣǜŏĜĪłƣżŰSŏŲrÿǣڍڎڌڎƣÿƸĪģŏŲܫƠƣżڌڌڌ܉ڌڐ1 ŲŲǀÿŧ'ŏƣĪĜƸżƣ ÿƫŊ¦ĪƸÿŏŲĪƣŏƫÃ®ݕ ƠƣĪƫĪŲƸܨڔڍڌڎ .EcoSynthetix Inc ƠƣĪƫĪŲƸܨڔڍڌڎ Richards Packaging Income Trust Other Public Boards During the Past Five Years Exceeds Director share ownership requirement ڏڎڕ܉ڎڍ Ãƫ®' ڌڐړ܉ڌڏ Common Shares Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance ڌڌڌ܉ڑڎ Ã®ݕ ڑܕڑ Audit Committee Chair ڌڌڌ܉ڌڒڍ Ã®ݕ 1ڌڌڌ܉ڌڏ Ã®ݕ ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 2021 ܏ģĪƫŏŃŲÿƸŏżŲƫܡ Fܠ ÿŲģ ÿŲÿģŏÿŲF ÿĜŊĪŧżƣżłƣƸƫģĪŃƣĪĪÿŲģŊżŧģƫěżƸŊŊĪƣÃ܏®܏ ǝŏƸŊÿ܉rƫ܏ŧŧĪŲŏƫÿŃƣÿģǀÿƸĪżłƸŊĪÃŲŏǜĪƣƫŏƸǣżł¼żƣżŲƸż ܏ÿŲģǝĪěƫŏƸĪ ƸƣÿŏŲŏŲŃŰÿƸĪƣŏÿŧƫ܉ƫŊĪÿģǜŏƫĪģżŲÿƣĪłƣĪƫŊżłŏƸƫĜżŲƸĪŲƸ܉®ƸĪĪƣŏŲŃ żŰŰŏƸƸĪĪłżƣŏƸƫGŧżěÿŧ żģĪżł żŲģǀĜƸ ŃżŏŲŃƠǀěŧŏĜÿŲģŏŲƸĪƣŲÿŧĜżŲƸƣżŧƫǣƫƸĪŰƫ܏ƫÿŰĪŰěĪƣżłǝ ܹƫGŧżěÿŧ܉żǀƸƫܫĜÿƣǜĪ܉ÿĜƢǀŏƫŏƸŏżŲƫ܉żŲǜÿŧǀÿƸŏżŲƫ ÿŲģÿĜƣżƫƫŰÿŲǣŏŲģǀƫƸƣŏĪƫ܏®ŊĪŊÿƫÿģǜŏƫĪģĜżŰƠÿŲŏĪƫ܉ǀƣżƠĪÿŲģƫŏÿ/܉ƸŊĪÃŲŏƸĪģ®ƸÿƸĪƫ܉żłǝ ŏŲ ÿŲÿģÿ ƫŊĪŊÿƫǝżƣŤĪģǝŏƸŊĜŧŏĪŲƸƫÿŲģŰĪŰěĪƣłŏƣŰƫ܉ǣĪÿƣƫܹĪǢƠĪƣŏĪŲĜĪڐڏƫÿłżƣŰĪƣǝ ÿƫƫǀƣÿŲĜĪƠÿƣƸŲĪƣǝŏƸŊ ܏rƫ܏ŧŧĪŲŊÿƫÿŧƫżƫĪƣǜĪģżŲŲǀŰĪƣżǀƫěżÿƣģĜżŰŰŏƸƸĪĪƫ ܉ŊÿŰƠŏżŲģŏƫƸŏŲĜƸŏżŲÿŲģƸŊĪS '܏'ģĪƫŏŃŲÿƸŏżŲ ܹڌڑǣĪÿƣƸĪƣŰ܏àŏƸŊěżƸŊƸŊĪàåtܸ'ŏǜĪƣƫŏƸǣܫڔƫŊĪƫĪƣǜĪģÿŲ łżƣ ǝŊŏĜŊ ܉żÿƣģ żł ǝ ÿŲÿģÿ ŏŲ ÿģģŏƸŏżŲ Ƹż ŊĪƣ ĪŧĪĜƸĪģ ƠżƫŏƸŏżŲ żŲ ƸŊĪ ܉ǣĪÿƣ ƸĪƣŰܫڐ ǝŊĪƣĪ ƫŊĪ ƫĪƣǜĪģ ÿ żÿƣģżłǝÿŲģǝÿƫƸŊĪłŏƣƫƸǝżŰÿŲĪŧĪĜƸĪģƸżƸŊĪGŧżěÿŧ܉ƠƣżłŏƸĪŲƸŏƸŏĪƫܫłżƣܫěżÿƣģƣżŧĪƫŊĪŧģŏŲǜÿƣŏżǀƫŲżƸ ǣĪÿƣƫܹĪǢƠĪƣŏĪŲĜĪǝŏƸŊĪǢĪĜǀƸŏǜĪڌڍSŲĜ܏ÿŲģÿŧƫżƫĪƣǜĪƫÿƫÿģŏƣĪĜƸżƣżł żŲÿǜŏrĪģŏĜÿŧSŲĜ܏rƫ܏ŧŧĪŲŊÿƫżǜĪƣ ܉rƫ܏ŧŧĪŲƫĪƣǜĪƫÿƫǀģŏƸ żŰŰŏƸƸĪĪ ŊÿŏƣżŲƸŊĪěżÿƣģƫżł¦ŏĜŊÿƣģƫÿĜŤÿŃŏŲŃSŲĜżŰĪ¼ƣǀƫƸÿŲģ/Ĝż®ǣŲƸŊĪƸŏǢ Legal & Compliance żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ International rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ Areas of Expertise Nationality: Canadian ÿŲÿģÿ ܉ŲƸÿƣŏż܈Residence ڐڒ:Age ڍڎڌڎDirector since:rÿǣ SUSAN ALLEN Independent Director and Chair of Audit Committee About the Meeting

ڙڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ŧǀĪ¦ĪƫżǀƣĜĪƫ2 SŲǜĪƫƸĪĪĜżŰƠÿŲŏĪƫżłßŏƫŏżŲ ܏łżƣƠÿƣƸŏÿŧǣĪÿƣƫĪƣǜŏĜĪłƣżŰSŏŲrÿǣڍڎڌڎƣÿƸĪģŏŲܫƠƣżڌڌڌ܉ڌڐ1 ŲŲǀÿŧ'ŏƣĪĜƸżƣ ÿƫŊ¦ĪƸÿŏŲĪƣŏƫÃ®ݕ ƠƣĪƫĪŲƸܨڍڎڌڎ /®rĜƢǀŏƫŏƸŏżŲ żƣƠżƣÿƸŏżŲ2 ƠƣĪƫĪŲƸܨڍڎڌڎ tĪǢƸƫżǀƣĜĪrÿƸĪƣŏÿŧƫSŲĜ܏2 ƠƣĪƫĪŲƸܨڍڎڌڎ Ferroalloy Resources Plc2 ƠƣĪƫĪŲƸܨڌڎڌڎ Coronado Global Resources ƠƣĪƫĪŲƸܨڔڍڌڎ .Dangote Cement Plc Other Public Boards During the Past Five Years Has until 2026 to meet Director share ownership requirement ڏڎڕ܉ڎڍ '®Ãƫ Common Shares t Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance ڌڌڌ܉ڑڎ Ã®ݕ ڑܕڑ Compensation & ESG Committee Chair ڌڌڌ܉ڌڒڍ Ã®ݕ 1ڌڌڌ܉ڌڏ Ã®ݕ ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 2021 ܏ÿƣSŧÿŲÃŲŏǜĪƣƫŏƸǣłƣżŰ ģĪŃƣĪĪłƣżŰ¦ŊżģĪƫÃŲŏǜĪƣƫŏƸǣÿŲģÿŲNżŲżƣÿƣǣ'żĜƸżƣÿƸĪܡNżŲżǀƣƫܠÿĜŊĪŧżƣżł żŰŰĪƣĜĪ®ŏƣrŏĜŊÿĪŧŊżŧģƫÿ ܏łƣŏĜÿܹƫŧĪÿģŏŲŃĜĪŰĪŲƸƠƣżģǀĜĪƣ܉N®/ żŰŰŏƸƸĪĪżł'ÿŲŃżƸĪ ĪŰĪŲƸŧĜ܏ ÿƫǝĪŧŧÿƫÿ'ŏƣĪĜƸżƣÿŲģ ŊÿŏƣżłƸŊĪ܉ÿŧĪÿģŏŲŃƫƸĪĪŧƸƣÿģŏŲŃÿŲģƫŊŏƠƠŏŲŃĜżŰƠÿŲǣ܉żłrÿĜƫƸĪĪŧSŲƸĪƣŲÿƸŏżŲÿŧ żÿŧ żƣƠżƣÿƸŏżŲhƸģ܏ŏŲ®żǀƸŊłƣŏĜÿÿŲģƫĪƣǜĪģÿƫƸŊĪĜżŰƠÿŲǣܹƫ/ǢĪĜǀƸŏǜĪ ŊÿŏƣŰÿŲ܏NĪŏƫĜǀƣƣĪŲƸŧǣ ŊÿŏƣŰÿŲ ŏŧŧŏƸżŲƸżĜƣĪÿƸĪƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸģŏǜĪƣƫŏłŏĪģŰŏŲŏŲŃĜżŰƠÿŲǣ܏NĪÿŧƫżƠÿƣƸŏĜŏƠÿƸĪģŏŲƸŊĪĜƣĪÿƸŏżŲżłƸŊĪSŲŃǝĪ NÿŲģÿƫǝĪŧŧÿƫƸŊĪŰĪƣŃĪƣżł܉ŏŧŧŏƸżŲżŲƸŊĪhżŲģżŲ®ƸżĜŤ/ǢĜŊÿŲŃĪƠŧÿǣĪģÿĜĪŲƸƣÿŧƣżŧĪŏŲƸŊĪŧŏƫƸŏŲŃżł ŏƣrŏĜŊÿĪŧ®܏ܡ”Billiton“ܠŏŧŧŏƸżŲƠŧĜŊĪǝÿƫ/ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣÿŲģ ŊŏĪłFŏŲÿŲĜŏÿŧłłŏĜĪƣżł܉ƣŏżƣƸżšżŏŲŏŲŃåƫƸƣÿƸÿ ܏ڏڍڌڎŏŲܡ”Glencore“ܠŰĪƣŃŏŲŃǝŏƸŊGŧĪŲĜżƣĪSŲƸĪƣŲÿƸŏżŲÿŧŧĜ ܉åƫƸƣÿƸÿ ŃƣĪǝ Ƹż ěĪĜżŰĪ żŲĪ żł ƸŊĪ ǝżƣŧģܹƫ ŧÿƣŃĪƫƸ ģŏǜĪƣƫŏłŏĪģ ŰŏŲŏŲŃ ÿŲģ ŰĪƸÿŧ ĜżŰƠÿŲŏĪƫ ܉Ŋŏƫ ŧĪÿģĪƣƫŊŏƠ ÃŲģĪƣ܏ܡ”Xstrata“ܠŊĪǝÿƫƸŊĪ ŊŏĪł/ǢĪĜǀƸŏǜĪłłŏĜĪƣżłåƫƸƣÿƸÿŧĜ܉ڏڍڌڎǀŲƸŏŧڍڌڌڎŧǀĪ¦ĪƫżǀƣĜĪƫ܏FƣżŰßŏƫŏżŲ ®ŏƣrŏĜŊÿĪŧŏƫżŲĪżłƸŊĪǝżƣŧģܹƫŰżƫƸÿĜĜżŰƠŧŏƫŊĪģŰŏŲŏŲŃĪǢĪĜǀƸŏǜĪƫ܏NĪŏƫĜǀƣƣĪŲƸŧǣƸŊĪFżǀŲģĪƣÿŲģ /żł rÿƣŤĪƸŏŲŃޠǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸ Government Relations żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĪƠǀƸÿƸŏżŲ¦ܕ®ޠ/®N ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ rŏŲŏŲŃܕSŲģǀƫƸƣǣ/ǢƠĪƣƸŏƫĪܕƠĪƣÿƸŏżŲƫ GĪŲĪƣÿŧrÿŲÿŃĪŰĪŲƸܕƣĪƫŏģĪŲƸܕ/ International rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ Areas of Expertise SƫƣÿĪŧŏܕƣŏƸŏƫŊNationality: Ãf܉hżŲģżŲ܈Residence ڐڒ:Age ڍڎڌڎDirector since:rÿǣ SIR MICHAEL “MICK” DAVIS Independent Director and Chair of Compensation & ESG Committee About the Meeting

ښڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏łżƣƠÿƣƸŏÿŧǣĪÿƣƫĪƣǜŏĜĪłƣżŰSŏŲrÿǣڍڎڌڎƣÿƸĪģŏŲܫƠƣżڌڌڌ܉ڌڐŲŲǀÿŧ'ŏƣĪĜƸżƣ ÿƫŊ¦ĪƸÿŏŲĪƣŏƫÃ®ݕ 1 ڔڍڌڎܨڒڍڌڎ .Rye Patch Gold Corp Alio Gold Inc. 2019 ڌڎڌڎܨڍڍڌڎ Antofagasta PLC ڍڎڌڎܨڐڍڌڎ Sherritt International Corporation ڎڎڌڎdÿŲǀÿƣǣܨڏڍڌڎ .Golden Star Resources Ltd ƠƣĪƫĪŲƸܨڍڎڌڎ .RCF Acquisition Corp ƠƣĪƫĪŲƸܨڍڎڌڎ rG®ŏŧǜĪƣ żƣƠ܏ Other Public Boards During the Past Five Years Has until 2026 to meet Director share ownership requirement ڏڎڕ܉ڎڍ Ãƫ®' ڌڑڔ܉ڎ Common Shares Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance ڑܕڑ Compensation & ESG Committee ڌڌڌ܉ڌڒڍ Ã®ݕ 1ڌڌڌ܉ڌڏ Ã®ݕ ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 2021 ܏ÿĜŊĪŧżƣżł®ĜŏĪŲĜĪŏŲŃĪżŧżŃǣłƣżŰ/ģŏŲěǀƣŃŊÃŲŏǜĪƣƫŏƸǣNĪŊżŧģƫÿ ܏ڌڎڌڎƸżrÿǣڍڍڌڎrÿƣĜŊ ÿŲģŲƸżłÿŃÿƫƸÿh łƣżŰڕڍڌڎƸżdǀŲĪڕڍڌڎŧŏżGżŧģSŲĜ܏łƣżŰrÿǣ܉ڔڍڌڎƸżrÿǣڒڍڌڎ żƣƠ܏łƣżŰ'ĪĜĪŰěĪƣ ǣĪÿƸĜŊGżŧģ¦܉ڏڍڌڎƸżtżǜĪŰěĪƣڎڍڌڎÿĜŏłŏĜ¦ŏŰrŏŲŏŲŃ żƣƠ܏łƣżŰrÿƣĜŊ܉ڎڍڌڎƸż'ĪĜĪŰěĪƣڍڍڌڎłƣżŰrÿǣ ŧģżƣÿģż Gżŧģ żƣƠżƣÿƸŏżŲ/ ܉ڐڍڌڎ Ƹż ®ĪƠƸĪŰěĪƣ ڔڌڌڎ ǀŃǀƫƸÿ ¦ĪƫżǀƣĜĪƫ żƣƠżƣÿƸŏżŲ łƣżŰ ®ĪƠƸĪŰěĪƣ ܉ڍڎڌڎ ƸżFĪěƣǀÿƣǣڐڍڌڎÿŲģƠƣĪǜŏżǀƫŧǣƫĪƣǜĪģÿƫÿŲŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣżł®ŊĪƣƣŏƸƸSŲƸĪƣŲÿƸŏżŲÿŧ żƣƠżƣÿƸŏżŲłƣżŰrÿǣ ܉ÿŤĪƣĜǀƣƣĪŲƸŧǣƫĪƣǜĪƫÿƫÿŲŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣżłrG®ŏŧǜĪƣ żƣƠ܏ÿŲģ¦ FĜƢǀŏƫŏƸŏżŲ żƣƠ܏܏¦ĪƠǀěŧŏĜ܏rƣ łƣŏĜÿÿŲģƸŊĪ'żŰŏŲŏĜÿŲ܉ƸŊĪÃŲŏƸĪģ®ƸÿƸĪƫ܉NŏƫĪǢƠĪƣŏĪŲĜĪŏŲĜŧǀģĪƫżƠĪƣÿƸŏŲŃŰŏŲĪƫÿŲģƠƣżšĪĜƸƫŏŲ ŊŏŧĪ ܏ڌڍڌڎƸżtżǜĪŰěĪƣڒڌڌڎfŏŲƣżƫƫGżŧģ żƣƠżƣÿƸŏżŲłƣżŰdǀŲĪ ŊĪƫĪƣǜĪģÿƫƸŊĪ ŊŏĪłƠĪƣÿƸŏŲŃłłŏĜĪƣÿŲģ/ǢĪĜǀƸŏǜĪßŏĜĪƣĪƫŏģĪŲƸżł܉żÿƣģżłGżŧģĪŲ®Ƹÿƣ¦ĪƫżǀƣĜĪƫhƸģ܏ƸŊĪ ǢĪĜǀƸŏǜĪ ŊÿŏƣŰÿŲżłGżŧģĪŲ®Ƹÿƣ¦ĪƫżǀƣĜĪƫhƸģ܏ěĪłżƣĪŏƸƫÿĜƢǀŏƫŏƸŏżŲěǣ ŊŏłĪŲŃdŏŧżŲŃGżŧģ܏ƣŏżƣƸżšżŏŲŏŲŃ/ ܫĪǢĪĜǀƸŏǜĪÿŲģěżÿƣģƣżŧĪƫÿƸƫżŰĪżłƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸŃżŧģÿŲģĜżƠƠĪƣƠƣżģǀĜĪƣƫ܏NĪƠƣĪǜŏżǀƫŧǣƫĪƣǜĪģÿƫŲżŲ ǣĪÿƣƫżłŃŧżěÿŧŰŏŲŏŲŃƠƣżšĪĜƸģĪǜĪŧżƠŰĪŲƸÿŲģżƠĪƣÿƸŏżŲÿŧĪǢƠĪƣŏĪŲĜĪÿŲģŊÿƫŊĪŧģڌڏÿŤĪƣŊÿƫżǜĪƣ܏rƣ żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĪƠǀƸÿƸŏżŲ¦ܕ®ޠ/®N rŏŲŏŲŃܕSŲģǀƫƸƣǣ/ǢƠĪƣƸŏƫĪܕƠĪƣÿƸŏżŲƫ GĪŲĪƣÿŧrÿŲÿŃĪŰĪŲƸܕƣĪƫŏģĪŲƸܕ/ International rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ Areas of Expertise Nationality: Canadian Canada ܉ƣŏƸŏƫŊ żŧǀŰěŏÿ܈Residence Age: 70 ڍڎڌڎDirector since:rÿǣ TIMOTHY BAKER Independent Director About the Meeting

ڛڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģƣĪĜĪŏǜĪÿŲǣĜżŰƠĪŲƫÿƸŏżŲłżƣŊŏƫƣżŧĪżŲƸŊĪ ģżĪƫŲżƸ܉ÿƫƫǀĜŊ܉rƣ܏ ŏĜŏƣĪŧŧŏŏƫÿŲĪŰƠŧżǣĪĪżłÿŲÿǳǿŧŏÿƸĪģĪŲƸŏƸǣżłƸŊĪƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫÿŲģ܉ƫłǀƣƸŊĪƣģĪƫĜƣŏěĪģŏŲƸŊĪ¦ĪƠżƣƸżŲ'ŏƣĪĜƸżƣ żŰƠĪŲƫÿƸŏżŲÿŲģ/ƢǀŏƸǣǝŲĪƣƫŊŏƠ 1 ڕڍڌڎܨڎڍڌڎ ÿŲŤƠǀƫ Other Public Boards During the Past Five Years '®Ãƫ t Common Shares t Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance t t ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 20211 ܏ǀƫŏŲĪƫƫģŰŏŲŏƫƸƣÿƸŏżŲǝŏƸŊÿrÿƫƸĪƣżł ÿŲģłƣżŰNÿƣǜÿƣģ܉ÿĜŊĪŧżƣżłƣƸƫŏŲŃżǜĪƣŲŰĪŲƸÿŲģĪĜżŲżŰŏĜƫrƣ܏ ŏĜŏƣĪŧŧŏŃƣÿģǀÿƸĪģłƣżŰ'ÿƣƸŰżǀƸŊǝŏƸŊÿ ܏ƠƣżłŏƸŧŧ®ƸÿƣƫƣżšĪĜƸܫżÿƣģżłƸŊĪŲżŲ ÿƠŏƸÿŧrÿŲÿŃĪŰĪŲƸÿŲģƸŊĪtĪǝæżƣŤ żŰƠÿŲǣ܏rƣ܏ ŏĜŏƣĪŧŧŏŏƫ'ŏƣĪĜƸżƣżłƸŊĪƣżƫƠĪƣŏƸǣhŏłĪSŲƫǀƣÿŲĜĪGƣżǀƠÿŲģÿŧƫżƫĪƣǜĪƫżŲƸŊĪěżÿƣģżłĪżŧǀƫ ޠÿŲģÿƸd܏܏rżƣŃÿŲ܉ÿƠƣŏǜÿƸĪĪƢǀŏƸǣłǀŲģ܉ƣĪǜŏżǀƫŧǣŊĪǝżƣŤĪģÿƸ¼NhĪĪǀƸŲÿŰßĪŲƸǀƣĪƫ܏ڑڌڌڎšżŏŲĪģŏŲ ǝŊŏĜŊŊĪ܉܏rƣ܏ ŏĜŏƣĪŧŧŏŏƫÿżƣƸłżŧŏżrÿŲÿŃĪƣÿŲģÃ܏®܏NĪÿģżłSŲƫǀƣÿŲĜĪÿƸ/ŧŧŏżƸƸSŲǜĪƫƸŰĪŲƸrÿŲÿŃĪŰĪŲƸh܏ żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ Areas of Expertise Nationality: American Ã®܉tĪǝæżƣŤ܈Residence ړڐ:Age Director since: October 2019 MARK CICIRELLI Non-Independent Director About the Meeting

ڜڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏łżƣƠÿƣƸŏÿŧǣĪÿƣƫĪƣǜŏĜĪłƣżŰSŏŲrÿǣڍڎڌڎƣÿƸĪģŏŲܫƠƣżڌڌڌ܉ڌڐŲŲǀÿŧ'ŏƣĪĜƸżƣ ÿƫŊ¦ĪƸÿŏŲĪƣŏƫÃ®ݕ 1 ړڍڌڎܨڑڍڌڎ ®ƸŏŧŧǝÿƸĪƣrŏŲŏŲŃ ƠƣĪƫĪŲƸܨڍڎڌڎRigel Resource Acquisition Corp. tżǜĪŰěĪƣ ƠƣĪƫĪŲƸܨڎڎڌڎIrGh' Corporation rÿƣĜŊ Other Public Boards During the Past Five Years Exceeds Director share ownership requirement ڏڎڕ܉ڎڍ Ãƫ®' ڌڌڌ܉ڌڎ Common Shares Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance ڑܕڑ Audit Committee ڑܕڑ Compensation & ESG Committee ڌڌڌ܉ڌڒڍ Ã®ݕ 1ڌڌڌ܉ڌڏ Ã®ݕ ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 2021 ܏ÿŊÿƣÿŲłƣŏĜÿ®ܫÿƫżĜŏÿŧĪŲƸĪƣƠƣŏƫĪżƠĪƣÿƸŏŲŃŏŲƫǀě܉ŏĜǣĜŧĪ¦ĪŧŏĪł®S®ÿŲģŏƫÿěżÿƣģŰĪŰěĪƣżłàżƣŧģ NĪƫĪƣǜĪƫżŲƸŊĪÿģǜŏƫżƣǣěżÿƣģżłdżŊŲƫNżƠŤŏŲƫ܏ܡ®S®ܠÃŲŏǜĪƣƫŏƸǣ®ĜŊżżŧżłģǜÿŲĜĪģSŲƸĪƣŲÿƸŏżŲÿŧ®ƸǀģŏĪƫ ÿŲģŊżŧģƫÿŲrłƣżŰƸŊĪdżŊŲƫNżƠŤŏŲƫܡܠƣŏŲŏƸǣ żŧŧĪŃĪ¼܉NĪŏƫÿŃƣÿģǀÿƸĪżłƸŊĪÃŲŏǜĪƣƫŏƸǣżł¼żƣżŲƸż ܏ڎڎڌڎÿƠƠżŏŲƸĪģƸżƸŊĪěżÿƣģżłSrGh'ŏŲrÿƣĜŊ ÿŲģƫǀěƫĪƢǀĪŲƸŧǣ܉ڍڎڌڎrƣ܏ܹNÿŃÿŲǝÿƫÿƠƠżŏŲƸĪģƸżƸŊĪěżÿƣģżł¦ŏŃĪŧ¦ĪƫżǀƣĜĪĜƢǀŏƫŏƸŏżŲ żƣƠ܏ŏŲtżǜĪŰěĪƣ ܏ÿěżÿƣģŰĪŰěĪƣÿŲģ ŊÿŏƣżłƸŊĪ żŰƠĪŲƫÿƸŏżŲ żŰŰŏƸƸĪĪżł®ƸŏŧŧǝÿƸĪƣrŏŲŏŲŃǀŲƸŏŧŏƸƫƫÿŧĪƸż®ŏěÿŲǣĪGżŧģ rƣ܏ܹNÿŃÿŲǝÿƫ܉ړڍڌڎƸżڑڍڌڎż܏ŏŲƸŊĪ/ŲĪƣŃǣÿŲģ¦ĪÿŧƫƫĪƸƫŃƣżǀƠ܏FƣżŰ ޠ¦ǝÿƫÿŲżƠĪƣÿƸŏŲŃÿģǜŏƫżƣÿƸff ŊĪ܉ƣĪŧÿƸĪģŏŲǜĪƫƸŰĪŲƸƫǝŏƸŊŏŲƸŊĪ/ƢǀŏƸǣƠƠżƣƸǀŲŏƸǣFǀŲģ܏SŰŰĪģŏÿƸĪŧǣƠƣŏżƣƸżšżŏŲŏŲŃ ÿƣŧǣŧĪܫĜżŰŰżģŏƸǣ ÿŃŧżěÿŧŏŲǜĪƫƸŰĪŲƸłŏƣŰǝŊĪƣĪŊĪłżĜǀƫĪģżŲŏŲģǀƫƸƣŏÿŧÿŲģ܉ǝÿƫÿrÿŲÿŃŏŲŃ'ŏƣĪĜƸżƣÿƸ¼ŊĪ ÿƣŧǣŧĪGƣżǀƠ rƣ܏ܹNÿŃÿŲ܉ڕڍڌڎƸżڒڍڌڎƸƣÿģŏŲŃÿŲģŏŲǜĪƫƸŏŲŃěǀƫŏŲĪƫƫ܏FƣżŰ܉ŊĪÿģżłƸŊĪĜżŰŰżģŏƸŏĪƫƫÿŧĪƫܫŰżƫƸƣĪĜĪŲƸŧǣĜż ÿŲģڏڍڌڎܨڎڌڌڎǝŊĪƣĪŊĪǝÿƫÿƠÿƣƸŲĪƣłƣżŰ܉ڏڍڌڎƸżڍڕڕڍNĪǝżƣŤĪģÿƸGżŧģŰÿŲ®ÿĜŊƫłƣżŰ܏ړڔڕڍÿƸŊŏěƣżŏŲ ěĪŃŏŲŲŏŲŃ܉ǣĪÿƣƫŏŲĜżŰŰżģŏƸŏĪƫÿŲģŲÿƸǀƣÿŧƣĪƫżǀƣĜĪŏŲǜĪƫƸŏŲŃÿŲģżƠĪƣÿƸŏżŲƫڌڏrƣ܏ܹNÿŃÿŲܹƫĜÿƣĪĪƣƫƠÿŲƫżǜĪƣ rÿƣŤĪƸŏŲŃޠǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸ żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ International rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ Areas of Expertise Nationality: American Ã®܉tĪǝæżƣŤ܈Residence ڕڑ:Age ڍڎڌڎDirector since:rÿǣ PETER O’HAGAN Independent Director About the Meeting

ڝڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģÿģģŏƸŏżŲÿŧĜżŰƠĪŲƫÿƸŏżŲłżƣŊŏƫƣżŧĪżŲƸŊĪ ǝŊŏĜŊŏƫģĪƫĜƣŏěĪģŏŲƸŊĪ żŰƠĪŲƫÿƸŏżŲ'ŏƫĜǀƫƫŏżŲÿŲģŲÿŧǣƫŏƫƫĪĜƸŏżŲżłƸŊŏƫ ŏƣĜǀŧÿƣ܏rƣ܏ÃƫŰÿƣģżĪƫŲżƸƣĪĜĪŏǜĪ܉rƣ܏ÃƫŰÿƣƣĪĜĪŏǜĪƫĜżŰƠĪŲƫÿƸŏżŲłżƣŊŏƫƣżŧĪÿƫ /żłƸŊĪ żŰƠÿŲǣ 1 ڕڍڌڎܨړڍڌڎ Peabody Energy Other Public Boards During the Past Five Years Exceeds Chief Executive Officer share ownership requirement ڍڒڒ܉ڌڌڔ Stock Options ڍڒڔ܉ڒڏ Ãƫ®¦ ړڐڔ܉ڒړڐ܉ڎ Common Shares Securities Held as at March 2, 2022 ބڌڌڍ Overall attendance t t ڑܕڑ żÿƣģżł'ŏƣĪĜƸżƣƫ Board and Committee Membership Attendance Cash Retainer DSUs 20211 distinction. ěżƸŊǝŏƸŊ܉łƣżŰƸŊĪfĪŧŧżŃŃ®ĜŊżżŧżłrÿŲÿŃĪŰĪŲƸÿƸtżƣƸŊǝĪƫƸĪƣŲÃŲŏǜĪƣƫŏƸǣÿŲģÿŲr܉ŏŲ®żǀƸŊłƣŏĜÿ ÿĜŊĪŧżƣżł®ĜŏĪŲĜĪ/ŲŃŏŲĪĪƣŏŲŃŏŲrĪƸÿŧŧǀƣŃǣÿŲģrÿƸĪƣŏÿŧƫłƣżŰƸŊĪÃŲŏǜĪƣƫŏƸǣżłàŏƸǝÿƸĪƣƫƣÿŲģNĪŊżŧģƫÿ ܏àŏƫŊ ÿŲÿģÿܫܫŊÿŏƣżłrÿŤĪ ܫßŏĜĪ ĜÿƣĪĪƣŏŲŰŏŲŏŲŃŏŲżƠĪƣÿƸŏżŲƫŏŲƸŊĪƫƸĪĪŧÿŲģÿŧǀŰŏŲǀŰŏŲģǀƫƸƣŏĪƫÿƫÿƠƣżģǀĜƸŏżŲĪŲŃŏŲĪĪƣ܏rƣ܏ÃƫŰÿƣŏƫƸŊĪ ÿŲģ ƫƸÿƣƸĪģ Ŋŏƫ ܉ŏŧŧŏƸżŲ ŏŲ żƣƠżƣÿƸĪ FŏŲÿŲĜĪ ŏŲ hżŲģżŲ N rƣ܏ ÃƫŰÿƣ ǝżƣŤĪģ ÿƸ ܉ƣŏżƣ Ƹż šżŏŲŏŲŃ åƫƸƣÿƸÿ ܏ÿŲģ ŊŏĪłFŏŲÿŲĜŏÿŧłłŏĜĪƣżłåƫƸƣÿƸÿܹƫŃŧżěÿŧtŏĜŤĪŧěǀƫŏŲĪƫƫŏŲ ÿŲÿģÿ܉ŧŧżǣƫěǀƫŏŲĪƫƫŏŲ®żǀƸŊłƣŏĜÿܫFĪƣƣż ŊŏĪłFŏŲÿŲĜŏÿŧłłŏĜĪƣżłåƫƸƣÿƸÿܹƫŃŧżěÿŧ ܉ǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸŏŲhżŲģżŲåƫƸƣÿƸÿŏŲĜŧǀģĪģGĪŲĪƣÿŧrÿŲÿŃĪƣżł NŏƫƣżŧĪƫÿƸ܏ڏڍڌڎŏŲƸżżŲĪżłƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸģŏǜĪƣƫŏłŏĪģŰŏŲĪƣƫÿƸƸŊĪƸŏŰĪżłŏƸƫÿĜƢǀŏƫŏƸŏżŲěǣGŧĪŲĜżƣĪŏŲ ÿƫÿŲĪÿƣŧǣƫĪŲŏżƣĪǢĪĜǀƸŏǜĪŰĪŰěĪƣżłƸŊĪŰÿŲÿŃĪŰĪŲƸƸĪÿŰƸŊÿƸŃƣĪǝƸŊĪĜżŰƠÿŲǣڎڌڌڎNĪšżŏŲĪģåƫƸƣÿƸÿŏŲ ܏ǝŊĪƣĪŊĪŊĪŧƠĪģƣĪƫƸƣǀĜƸǀƣĪƸŊĪĜżŰƠÿŲǣ܉ڒڍڌڎƸżڐڍڌڎłƣżŰ܉ÿƣƣŏĜŤGżŧģ żƣƠżƣÿƸŏżŲłłŏĜĪƣżł rƣ܏ÃƫŰÿƣƫĪƣǜĪģÿƫ®ĪŲŏżƣ/ǢĪĜǀƸŏǜĪßŏĜĪƣĪƫŏģĪŲƸÿŲģ ŊŏĪłFŏŲÿŲĜŏÿŧ܉ĜżŰƠÿŲŏĪƫ܏ƣŏżƣƸżłżǀŲģŏŲŃ¼ƣŏƠŧĪFŧÿŃ łŏŲÿŲĜŏÿŧÿŲģĪǢĪĜǀƸŏǜĪŧĪÿģĪƣƫŊŏƠƣżŧĪƫŏŲƫżŰĪżłƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸÿŲģłÿƫƸĪƫƸŃƣżǝŏŲŃŰŏŲŏŲŃ܉żƠĪƣÿƸŏżŲÿŧ ǣĪÿƣƫżłĪǢƠĪƣŏĪŲĜĪǝżƣŤŏŲŃÿƣżǀŲģƸŊĪŃŧżěĪŏŲڑڎrƣ܏ÃƫŰÿƣŏƫÿŲŏŲƸĪƣŲÿƸŏżŲÿŧŰŏŲŏŲŃĪǢĪĜǀƸŏǜĪǝŏƸŊżǜĪƣ Government Relations żŰƠĪŲƫÿƸŏżŲ ܕ¦N ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ rÿƣŤĪƸŏŲŃޠǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸ ĪƠǀƸÿƸŏżŲ¦ܕ®ޠ/®N ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ rŏŲŏŲŃܕSŲģǀƫƸƣǣ/ǢƠĪƣƸŏƫĪܕƠĪƣÿƸŏżŲƫ GĪŲĪƣÿŧrÿŲÿŃĪŰĪŲƸܕƣĪƫŏģĪŲƸܕ/ International rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ Areas of Expertise Nationality: South African ÿŲÿģÿ ܉ŲƸÿƣŏż܈Residence ڎڑ:Age Director since: October 2019 SHAUN USMAR Founder, CEO and Non-Independent Director About the Meeting

ڞڗ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ށށށ rÿƣŤĪƸŏŲŃޠǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸ ށށ Legal & Compliance ށށ Government Relations ށށށށށށ żŰƠĪŲƫÿƸŏżŲ ܕ¦N ށށށށށށށ ŏƫŤrŏƸŏŃÿƸŏżŲ¦ܕżÿƣģܕGżǜĪƣŲÿŲĜĪ ށ ށށ ĪƠǀƸÿƸŏżŲ¦ܕ®ޠ/®N ށށށ ށށށ ĜĜżǀŲƸŏŲŃܕFŏŲÿŲĜŏÿŧhŏƸĪƣÿĜǣ ށށށ ށ ށ ޠrܕÿŲŤŏŲŃSŲǜĪƫƸŰĪŲƸ ށ ށށ rŏŲŏŲŃܕSŲģǀƫƸƣǣ/ǢƠĪƣƸŏƫĪܕƠĪƣÿƸŏżŲƫ ށ ށށ GĪŲĪƣÿŧrÿŲÿŃĪŰĪŲƸܕƣĪƫŏģĪŲƸܕ/ ށށ ށށށ International ށށ ށށށ rÿŲÿŃŏŲŃżƣhĪÿģŏŲŃGƣżǝƸŊ ÿŤĪƣ r܏ ŏĜŏƣĪŧŧŏ ܏ܹNÿŃÿŲ ®܏ÃƫŰÿƣ܏Skill/Director '܏àŊŏƸƸÿŤĪƣ ®܏ŧŧĪŲ r܏'ÿǜŏƫ ¼ ܈żÿƣģƸżƸŊĪ ǀƸŧŏŲĪģěĪŧżǝÿƣĪƸŊĪŏŲģŏǜŏģǀÿŧÿƸƸƣŏěǀƸĪƫƸŊÿƸĪÿĜŊģŏƣĪĜƸżƣěƣŏŲŃƫ ܏ƫƸƣÿƸĪŃŏĜżěšĪĜƸŏǜĪƫÿŲģĪǳłĪĜƸŏǜĪĜżƣƠżƣÿƸĪŃżǜĪƣŲÿŲĜĪÿŲģżǜĪƣƫŏŃŊƸ and experience to successfully promote achievement of the Company’s ŤŲżǝŧĪģŃĪ܉ŏƫģĪƫŏŃŲĪģƸżěƣŏŲŃÿŲżƠƸŏŰÿŧěÿŧÿŲĜĪżłĜżŰƠĪƸĪŲĜŏĪƫ żÿƣģÿŲģƸǝżżłǝŊżŰÿƣĪŲżƸŏŲģĪƠĪŲģĪŲƸ܏¼ŊĪĜżŰƠżƫŏƸŏżŲżłƸŊĪ ǿǜĪżłǝŊżŰÿƣĪŏŲģĪƠĪŲģĪŲƸ܉żÿƣģĜżŰƠƣŏƫĪƫƫĪǜĪŲģŏƣĪĜƸżƣƫ¼ŊĪ DIRECTOR QUALIFICATIONS another public company. ěĪłżƣĪ ÿĜĜĪƠƸŏŲŃ ÿŲ ŏŲǜŏƸÿƸŏżŲ Ƹż ƫĪƣǜĪ żŲ ƸŊĪ ěżÿƣģżł ܉ żŰŰŏƸƸĪĪ G®/ޠ ǝŊż ŰǀƫƸ ƣĪĜĪŏǜĪ Ơƣŏżƣ ǝƣŏƸƸĪŲ ÿƠƠƣżǜÿŧ żł ƸŊĪ܉żł ƸŊĪ Ŋÿŏƣ ĪǢĜĪƠƸ ŏŲ ƸŊĪ ĜÿƫĪ܉żÿƣģ Ŋÿŏƣ ƣĪĜĪŏǜĪ Ơƣŏżƣ ǝƣŏƸƸĪŲ ÿƠƠƣżǜÿŧ żł ƸŊĪ ܉ŊżǝĪǜĪƣ܉żÿƣģ܏'ŏƣĪĜƸżƣƫŰǀƫƸłǀŧǿŧŧƸŊĪŏƣģǀƸŏĪƫÿƫÿŰĪŰěĪƣżłżǀƣ ƸŊĪŏƣÿěŏŧŏƸǣƸż܉ŰÿƸĪƣŏÿŧŧǣŏŲƸĪƣłĪƣĪǝŏƸŊżƣÿƣĪŲżƸŏŲĜżŰƠÿƸŏěŧĪǝŏƸŊ public or private companies so long as their commitments do not Our directors are not restricted from serving on the boards of other PUBLIC COMPANY BOARD MEMBERSHIPS About the Meeting

ڟڗ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ģĪŧŏǜĪƣĪģŏŲÿģǜÿŲĜĪżłƸŊĪrĪĪƸŏŲŃ ܉ƸŊĪ ÿƠƠƣżÿĜŊ Ƹż ĪǢĪĜǀƸŏǜĪ ĜżŰƠĪŲƫÿƸŏżŲ ģŏƫĜŧżƫĪģ ŏŲ ƸŊĪ ŏƣĜǀŧÿƣ ƸŊĪƫŊÿƣĪŊżŧģĪƣƫÿĜĜĪƠƸ܉żÿƣģżł'ŏƣĪĜƸżƣƫÿŲģƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫżłƸŊĪ S¼¦/®hß/'¼N¼żŲÿŲÿģǜŏƫżƣǣěÿƫŏƫÿŲģŲżƸƸżģŏŰŏŲŏƫŊƸŊĪƣżŧĪ/ ܈ŏƫƫĪƸłżƣƸŊěĪŧżǝ܉ŰÿǣěĪÿƠƠƣżǜĪģÿƸƸŊĪrĪĪƸŏŲŃ ǜÿƣŏÿƸŏżŲƫżƣÿģģŏƸŏżŲƫÿƫ܉ƫǀěšĪĜƸƸżƫǀĜŊÿŰĪŲģŰĪŲƸƫ܉ÿƸƸŊĪrĪĪƸŏŲŃ The form of Say on Pay Resolution to be submitted to the shareholders philosophy. ƫŏģĪƣÿƸŏżŲ ǝŊĪŲ ƣĪǜŏĪǝŏŲŃ ƸŊĪ żŰƠÿŲǣܹƫ ĪǢĪĜǀƸŏǜĪ ĜżŰƠĪŲƫÿƸŏżŲ ǝŏŧŧƣĪǜŏĪǝÿŲģÿŲÿŧǣǭĪƸŊĪƣĪƫǀŧƸƫżłƸŊĪǜżƸĪÿŲģƸÿŤĪƸŊĪŰŏŲƸżĜżŲ- ƸŊĪ GżǜĪƣŲÿŲĜĪ żŰŰŏƸƸĪĪ ܉żÿƣģ żƣ ƸŊĪ żŰƠÿŲǣ܏NżǝĪǜĪƣ żŲ ƸŊĪ ßżƸĪƫżŲƸŊĪ®ÿǣżŲÿǣ¦ĪƫżŧǀƸŏżŲÿƣĪÿģǜŏƫżƣǣÿŲģǝŏŧŧŲżƸěĪěŏŲģŏŲŃ vote FOR the adoption of the Say on Pay Resolution. tion. The persons named in the accompanying form of proxy intend to shareholders vote FOR the adoption of the advisory Say on Pay Resolu- żÿƣģ ÿŲģ ŰÿŲÿŃĪŰĪŲƸ żł ƸŊĪ żŰƠÿŲǣ ƣĪĜżŰŰĪŲģ ƸŊÿƸ ƸŊĪ ¼ŊĪ ܏ǝŊżǝŏŧŧěĪŰżƸŏǜÿƸĪģƸżĜƣĪÿƸĪǜÿŧǀĪłżƣƫŊÿƣĪŊżŧģĪƣƫ enables the Company to attract and retain high-performing executives ĪǢĪĜǀƸŏǜĪƫǝŏƸŊƸŊżƫĪżłŏƸƫƫŊÿƣĪŊżŧģĪƣƫ܏¼ŊŏƫĜżŰƠĪŲƫÿƸŏżŲƠŊŏŧżƫżƠŊǣ ǝŊŏĜŊŏƫŏŲƸĪŲģĪģƸżÿŧŏŃŲƸŊĪŏŲƸĪƣĪƫƸƫżłƸŊĪ żŰƠÿŲǣܹƫ܉ƠŊŏŧżƫżƠŊǣ Pay for performance is a cornerstone of the Company’s compensation ܏ƫĪĜƸŏżŲżłƸŊŏƫ ŏƣĜǀŧÿƣĪŲƸŏƸŧĪģܶ żŰƠĪŲƫÿƸŏżŲ'ŏƫĜǀƫƫŏżŲÿŲģŲÿŧǣƫŏƫܷ ǝŊŏĜŊŏƫģĪƫĜƣŏěĪģŏŲģĪƸÿŏŧŏŲƸŊĪ܉ÿƠƠƣżÿĜŊƸżĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲ ƸŊĪ“Say on Pay Resolution”) regarding the Company’sܠżƣǣƣĪƫżŧǀƸŏżŲ ƸŊĪ ƫŊÿƣĪŊżŧģĪƣƫ ǝŏŧŧ ěĪ ÿƫŤĪģ Ƹż ĜżŲƫŏģĪƣ ÿŲ ÿģǜŏƫ- ܉Ƹ ƸŊĪ rĪĪƸŏŲŃ TO EXECUTIVE COMPENSATION ADVISORY RESOLUTION ON APPROACH The auditor is required to report directly to the Audit Committee. services are approved in advance by the Chair of the Audit Committee. ing non-audit services to the Company or its subsidiaries unless the Committee has adopted a policy prohibiting the auditor from provid- ƸŊĪ ǀģŏƸ ܉ƫ ƠÿƣƸ żł ƸŊĪ żŰƠÿŲǣܹƫ ĜżƣƠżƣÿƸĪ ŃżǜĪƣŲÿŲĜĪ ƠƣÿĜƸŏĜĪƫ ܏ǝ ŏŲƣĪŧÿƸŏżŲƸżĜĪƣƸÿŏŲƣĪƢǀŏƣĪģƠƣżĜĪģǀƣĪƫǀŲģĪƣƸÿŤĪŲŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊżǀƣS ǝŊŏĜŊĜżŰƠƣŏƫĪŰÿŏŲŧǣƠƣżƫƠĪĜƸǀƫÿŲģƸƣÿŲƫŧÿƸŏżŲƣĪŧÿƸĪģƫĪƣǜŏĜĪƫŏŲĜǀƣƣĪģěǣ܉ÿěżǜĪ Other fees are the aggregate fees paid for products and services other than those reported ڏ .2 Tax fees related to tax compliance services ܏ĪŲģǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫܫǀģŏƸłĪĪƫŏŲĜŧǀģĪƸŊĪÿǀģŏƸżłƸŊĪǣĪÿƣ 1 ڴڴڸ܉ڷڸڸ ݕ ںڼں܉ڻڷں $ Total ڴڽڵ܉ڹڶڵ ڵڶڷ܉ںڶڵ ڏAll other fees ںڻڵ܉ڷڽڵ ڸڽڻ܉ڽں Tax Fees2 ڸڷڴ܉ڹڶڵ ݕ ڻڵڹ܉ڵڸڸ $ Audit Fees1 2020 2021 ܈ƣĪƫƠĪĜƸŏǜĪŧǣ܉ڌڎڌڎÿŲģڍڎڌڎłżƣƸŊĪǿƫĜÿŧǣĪÿƣƫ܉ ǝ forth the aggregate fees billed for professional services rendered by ÿǀģŏƸ ƫĪƣǜŏĜĪƫ܏ ¼ŊĪ łżŧŧżǝŏŲŃ ƸÿěŧĪ ƫĪƸƫܫłżƣ ÿǀģŏƸ ÿŲģ ŲżŲ ܉ ǝ ܉ŏƸżƣ The Audit Committee oversees the fees paid to the independent aud- AUDIT AND OTHER SERVICE FEES as the auditor of the Company and its predecessor since 2018. ÿǀģŏƸżƣǀŲƸŏŧƸŊĪŲĪǢƸÿŲŲǀÿŧŰĪĪƸŏŲŃżłƫŊÿƣĪŊżŧģĪƣƫ܏ǝ ŊÿƫƫĪƣǜĪģ żłƠƣżǢǣŏŲƸĪŲģƸżǜżƸĪF¦ƸŊĪÿƠƠżŏŲƸŰĪŲƸżłǝ ÿƫƸŊĪ żŰƠÿŲǣܹƫ ǿǢǝ ܹƫƣĪŰǀŲĪƣÿƸŏżŲ܏¼ŊĪƠĪƣƫżŲƫŲÿŰĪģŏŲƸŊĪÿĜĜżŰƠÿŲǣŏŲŃłżƣŰ of shareholders of the Company and that the directors be authorized to ƸŊĪÿǀģŏƸżƣżłƸŊĪ żŰƠÿŲǣƸżŊżŧģżǳǿĜĪǀŲƸŏŧƸŊĪŲĪǢƸÿŲŲǀÿŧŰĪĪƸŏŲŃ ƣĪĜżŰŰĪŲģƫƸŊÿƸǝ ěĪƣĪÿƠƠżŏŲƸĪģÿƫ܉ƸŏżŲżłƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ żŲƸŊĪƣĪĜżŰŰĪŲģÿ-܉żÿƣģ¼ŊĪÿǀģŏƸżƣżłƸŊĪ żŰƠÿŲǣŏƫǝ ܏¼ŊĪ APPOINTMENT OF THE AUDITOR About the Meeting

ږژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG payments received the excess annual bonus payments and incentive ƸŊĪĪǢĪĜǀƸŏǜĪŰǀƫƸƣĪƠÿǣ܉SłÿƣĪĜżǜĪƣǣŏƫƸƣŏŃŃĪƣĪģ żłǿŲÿŲĜŏÿŧƫ restatement and serious misconduct that results in embezzlement or other similar intentional ܉ƸŊĪǽƸ܉żłƸŊĪ ŏƣĜǀŧÿƣ 'ĪƸĪƣƣĪŲƸƸżĪǢĪĜǀƸŏǜĪƫÿŃÿŏŲƫƸłƣÿǀģڹڹƫĪĪƠ܏ Recovery Policy Compensation GĪŲĪƣÿŧrĪĪƸŏŲŃżłƸŊĪ żŰƠÿŲǣ ģǜŏƫżƣǣǜżƸĪǝŏŧŧěĪŊĪŧģÿŲŲǀÿŧŧǣÿƸƸŊĪŲŲǀÿŧ approach to executive compensation to cast advisory votes on the Company’s żłƸŊĪ ŏƣĜǀŧÿƣ ƣżǜŏģŏŲŃ®ŊÿƣĪŊżŧģĪƣƫǝŏƸŊÿŲżƠƠżƣƸǀŲŏƸǣڽڵƫĪĪƠ܏ ܡÿǣżŲÿǣ®ܠ Executive Compensation Advisory Vote on ǝŏƸŊżŲŧǣƸŊĪŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫ ܉Each meeting agenda includes in-cameraƫĪƫƫŏżŲƫ ŏŲģĪƠĪŲģĪŲƸšǀģŃŰĪŲƸ independent directors to facilitate żłƸŊĪ ŏƣĜǀŧÿƣ Open and candid discussion amongڻڶƫĪĪƠ܏ Directors rĪĪƸŏŲŃżłSŲģĪƠĪŲģĪŲƸ ڵڶڴڶŏŲ ƣĪŧÿƸĪģƠÿƣƸǣƸƣÿŲƫÿĜƸŏżŲƫڴǀģŏƸ żŰŰŏƸƸĪĪżǜĪƣƫÿǝŲ to the Audit Committee ¥ǀÿƣƸĪƣŧǣƣĪƠżƣƸƫżŲƣĪŧÿƸĪģƠÿƣƸǣƸƣÿŲƫÿĜƸŏżŲƫƠƣżǜŏģĪģ transactions ƣĪǜŏĪǝƫÿŲģÿƠƠƣżǜĪƫƫŏŃŲŏǿĜÿŲƸƣĪŧÿƸĪģƠÿƣƸǣ ܉ƸŊƣżǀŃŊƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ܉żÿƣģ¼ŊĪ ǝŏƸŊƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ żłƸŊĪ ŏƣĜǀŧÿƣ Oversight of related party transactions restsںڶRelated Party Transactions ƫĪĪƠ܏ among the Directors ¼ŊĪƣĪÿƣĪŲżĪǢŏƫƸŏŲŃƠżƸĪŲƸÿŧĜżŲǵŧŏĜƸƫżłŏŲƸĪƣĪƫƸ interlocking Directors G żŰŰŏƸƸĪĪƣĪǜŏĪǝƫ®/ޠ żŰƠĪŲƫÿƸŏżŲ ƸŊĪ żŰƠÿŲǣÿŲģƸżģŏƫĜŧżƫĪÿŲǣĜżŲǵŧŏĜƸƫ all times in good faith and in the interest of żłƸŊĪ ŏƣĜǀŧÿƣ 'ŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫÿƣĪżěŧŏŃÿƸĪģƸżÿĜƸÿƸڸں żŲǵŧŏĜƸƫżłSŲƸĪƣĪƫƸ ƫĪĪƠ܏ tżƸǀƣŲżǜĪƣƫŏŲĜĪŏŲĜĪƠƸŏżŲ ǣƣƫڷܨڴżł'ŏƣĪĜƸżƣƫŊÿǜĪƸĪŲǀƣĪބڴڴڵ żƣżƸŊĪƣÿǀƸżŰÿƸŏĜŰĪĜŊÿŲŏƫŰƫżłěżÿƣģƣĪŲĪǝÿŧ ŰÿŲģÿƸżƣǣƣĪƸŏƣĪŰĪŲƸÿŃĪ܉żÿƣģŰĪŰěĪƣƫŊŏƠ tż'ŏƣĪĜƸżƣƸĪƣŰŧŏŰŏƸƫżłƸŊĪ ŏƣĜǀŧÿƣ ¼żƫǀƠƠżƣƸÿ'ŏǜĪƣƫĪڼڶƫĪĪƠ܏ żÿƣģ¦ĪŲĪǝÿŧ ƸŊĪƣrĪĜŊÿŲŏƫŰƫżł Director Term Limits & ڵڶڴڶżÿƣģŏŲƸżƸŊĪ ŏƣĪĜƸżƣ'ĪǜĪŧżƠŰĪŲƸƫĪƫƫŏżŲǝÿƫżǳłĪƣĪģ'ڵ sessions are provided to Directors żłƸŊĪ ŏƣĜǀŧÿƣ Ensuring relevant continuing educationڼڶƫĪĪƠ܏ Continuing Education Orientation & ŧŧt/ƫƫÿƸŏƫłǣƸŊĪƣĪƢǀŏƣĪģŧĪǜĪŧżłƫŊÿƣĪżǝŲĪƣƫŊŏƠ ƸżĜżŰƠŧǣںڶڴڶƠƣżĜĪƫƫÿŲģŊÿǜĪǀŲƸŏŧrÿǣ ƸŊĪƣĪŰÿŏŲŏŲŃ'ŏƣĪĜƸżƣƫÿƣĪŏŲܔżłƫŊÿƣĪżǝŲĪƣƫŊŏƠ SŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣƫƫÿƸŏƫłǣƸŊĪƣĪƢǀŏƣĪģŧĪǜĪŧڹżłڷ the SVP level and higher Applies to each Director and executive at ĪǢĪĜǀƸŏǜĪƫǝŏƸŊƸŊżƫĪżł®ŊÿƣĪŊżŧģĪƣƫ Aligns the interests of Directors and ƸŊĪ¼ƣŏƠŧĪFŧÿŃǝĪěƫŏƸĪ Full guidelines posted on żłƸŊĪ ŏƣĜǀŧÿƣڸڹƫĪĪƠ܏ Guidelines ®ŊÿƣĪǝŲĪƣƫŊŏƠ żÿƣģżǜĪƣƫŏŃŊƸ Independent Chair to provide strong independent żÿƣģÿŲģŏƸƫ żŰŰŏƸƸĪĪƫÿŲģ ŊÿŏƣƫżłƸŊĪ ŲŲǀÿŧƣĪǜŏĪǝżłƸŊĪĪǳłĪĜƸŏǜĪŲĪƫƫÿŲģƠĪƣłżƣŰÿŲĜĪ are functioning at optimal levels żÿƣģÿŲģŏƸƫ żŰŰŏƸƸĪĪƫżłƸŊĪ ŏƣĜǀŧÿƣ /ŲƫǀƣĪƸŊÿƸƸŊĪڼڶżÿƣģ/ǳłĪĜƸŏǜĪŲĪƫƫ ƫĪĪƠ܏ be independent Directors żÿƣģÿƣĪģĪĪŰĪģƸżżłƸŊĪ¼ƣŏƠŧĪFŧÿŃބڶڻ żÿƣģŰĪŰěĪƣƫ żłƸŊĪ ŏƣĜǀŧÿƣ Determination of independence ofڻڶDirector Independence ƫĪĪƠ܏ election vote ǝŏŧŧěĪƸŊĪ żŰƠÿŲǣܹƫǿƣƫƸģŏƣĪĜƸżƣڶڶڴڶ żÿƣģƸżƸŊĪ resignation and makes recommendation G żŰŰŏƸƸĪĪƣĪǜŏĪǝƫ®/ޠ żŰƠĪŲƫÿƸŏżŲ żłǜżƸĪƫǝŏƸŊŊĪŧģŰǀƫƸƸĪŲģĪƣƣĪƫŏŃŲÿƸŏżŲ Ųǣ'ŏƣĪĜƸżƣǝŊżƣĪĜĪŏǜĪƫÿŃƣĪÿƸĪƣŲǀŰěĪƣ Annual election of Directors by Shareholders ƸŊĪ¼ƣŏƠŧĪFŧÿŃǝĪěƫŏƸĪ Full policy posted on żłƸŊĪ ŏƣĜǀŧÿƣڻڶrÿšżƣŏƸǣßżƸŏŲŃżŧŏĜǣ ƫĪĪƠ܏ Guidance Reference Overview Application GOVERNANCE ܈żłǝŊŏĜŊÿƣĪżǀƸŧŏŲĪģěĪŧżǝ ƫżŰĪ܉GżǜĪƣŲÿŲĜĪGǀŏģĪŧŏŲĪƫ܏¼ŊĪ żŰƠÿŲǣܹƫƫƸƣżŲŃŃżǜĪƣŲÿŲĜĪƠƣÿĜƸŏĜĪƫÿƣĪƣĪǵŧĪĜƸĪģŏŲŏƸƫÿƠƠƣżÿĜŊÿŲģÿƠƠŧŏĜÿƸŏżŲżłƠżŧŏĜŏĪƫÿŲģƠƣÿĜƸŏĜĪƫ ƸĪƣŰŃƣżǝƸŊÿŲģĜżŰƠŧǣŏŲŃǝŏƸŊƸŊĪ ÿŲÿģŏÿŲ®ĪĜǀƣŏƸŏĪƫģŰŏŲŏƫƸƣÿƸżƣƫܹ żƣƠżƣÿƸĪܫŏŲƸĪŃƣŏƸǣÿŲģĪƸŊŏĜƫǝŊŏŧĪƠƣżŰżƸŏŲŃŧżŲŃ܉ÿĜĜżǀŲƸÿěŏŧŏƸǣ ܉żÿƣģÿŲģŰÿŲÿŃĪŰĪŲƸÿƣĪģĪģŏĜÿƸĪģƸżƫƸƣżŲŃĜżƣƠżƣÿƸĪŃżǜĪƣŲÿŲĜĪƠƣÿĜƸŏĜĪƫģĪƫŏŃŲĪģƸżŰÿŏŲƸÿŏŲŊŏŃŊƫƸÿŲģÿƣģƫżłżǜĪƣƫŏŃŊƸ¼ŊĪ żŰƠÿŲǣܹƫ CORPORATE GOVERNANCE STATEMENT OF CORPORATE GOVERNANCE PRACTICES Statement of Corporate Governance Practices

ڗژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG business are prohibited ģŏƣĪĜƸŧǣżƣŏŲģŏƣĪĜƸŧǣƸżŃżǜĪƣŲŰĪŲƸżǳǿĜŏÿŧƫƸżŏŲǵŧǀĪŲĜĪ ŤŏĜŤěÿĜŤƫżƣżƸŊĪƣƢǀĪƫƸŏżŲÿěŧĪŏŲģǀĜĪŰĪŲƸƫ܉ƣŏěĪƫ Sets out strategies to mitigate bribery and corruption risk and ethically representatives) to conduct business legally ÿŲģŏƸƫܠŧĪŃŏƫŧÿƸŏżŲÿŲģŃżǜĪƣŲƫƸŊĪ żŰƠÿŲǣ żƣƣǀƠƸŏżŲ ܫĜżŰƠŧǣłǀŧŧǣǝŏƸŊƣĪŧĪǜÿŲƸŲƸŏ żłƸŊĪ ŏƣĜǀŧÿƣ Established the Company’s commitment toڷڶƫĪĪƠ܏ Compliance Policy Anti-Corruption ޠƣŏěĪƣǣܫŲƸŏ to release ¦ĪǜŏĪǝĪģÿŲģÿƠƠƣżǜĪģÿŧŧƠǀěŧŏĜģŏƫĜŧżƫǀƣĪƠƣŏżƣ the disclosure processes and practices Responsible for overseeing and monitoring administration of the Disclosure Policy is responsible for the implementation and żłƸŊĪ ŏƣĜǀŧÿƣ The management Disclosure CommitteeڷڶDisclosure Policy ƫĪĪƠ܏ ǜÿƣŏÿěŧĪłżƣǝÿƣģĜżŲƸƣÿĜƸƫÿŲģĪƢǀŏƸǣƫǝÿƠƫ ƠƣĪƠÿŏģ܉Ĝÿŧŧƫ܉ƠǀƸƫ܉ƫǀĜŊÿƫƫŊżƣƸƫÿŧĪƫ܉ƸŊĪ żŰƠÿŲǣ types of hedging transactions involving securities of Insiders are also prohibited from entering into certain trade in the Company's securities ŲŧǣģǀƣŏŲŃƠƣĪƫĜƣŏěĪģƸƣÿģŏŲŃǝŏŲģżǝƫĜÿŲŏŲƫŏģĪƣƫ ĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫÿƣĪģĪĪŰĪģŏŲƫŏģĪƣƫ ŏŲĜŧǀģŏŲŃƸŊĪŲÿŰĪģ܉ŧŧģŏƣĪĜƸżƣÿŲģĪŰƠŧżǣĪĪƫ information about the Company in possession of material undisclosed żłƸŊĪ ŏƣĜǀŧÿƣ ƣżŊŏěŏƸƫƸƣÿģŏŲŃŏŲżǀƣƫĪĜǀƣŏƸŏĪƫǝŊŏŧĪڷڶƫĪĪƠ܏ NĪģŃŏŲŃżŧŏĜǣܫŲƸŏ Insider Trading and ǝŊŏƫƸŧĪěŧżǝĪƣŏŲĜŏģĪŲƸƫƣĪƠżƣƸĪģƸżģÿƸĪڴt from retaliation Protects those that act in good faith alleged violations or complaints the Audit Committee Chair to report any ƸżܡŊżƸŧŏŲĪżƣĪŰÿŏŧܠżłƸŊĪ ŏƣĜǀŧÿƣ żŲǿģĪŲƸŏÿŧÿĜĜĪƫƫڷڶàŊŏƫƸŧĪěŧżǝĪƣ ƫĪĪƠ܏ trust and respect ܉ƣżǜŏģĪƫŃǀŏģĪŧŏŲĪƫłżƣŰÿŏŲƸÿŏŲŏŲŃŏŲƸĪŃƣŏƸǣ żÿƣģ żŰŰŏƸƸĪĪżłƸŊĪ Oversight by the Compensation & ESG of Triple Flag contractors and agents acting on behalf ܉ĪŰƠŧżǣĪĪƫ܉ģŏƣĪĜƸżƣƫ܉żłƸŊĪ ŏƣĜǀŧÿƣ ƠƠŧŏĪƫƸżÿŧŧżǳǿĜĪƣƫڷڶƫĪĪƠ܏ & Ethics ǀƫŏŲĪƫƫ żŲģǀĜƸ żģĪżł Guidance Reference Overview Application COMPLIANCE & ETHICS Statement of Corporate Governance Practices

ژژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG cyber security to the committee ܕrÿŲÿŃĪŰĪŲƸģĪŧŏǜĪƣƫƣĪŃǀŧÿƣƣĪƠżƣƸƫżŲŏŲłżƣŰÿƸŏżŲ management focus for the board and ongoing comprehensive risk Good controls and regular reporting on risk register risks and other globally relevant risks ŃĪżƠżŧŏƸŏĜÿŧ܉ڽڵܫ'ƣŏƫŤƫƣĪŧÿƸĪģƸż ßS܉ƫĪĜǀƣŏƸǣƣŏƫŤƫ ǜĪƣƫÿǝŰżŲŏƸżƣŏŲŃÿŲģŰŏƸŏŃÿƸŏżŲżłŏŲłżƣŰÿƸŏżŲ and reports żÿƣģÿƠƠƣżǜÿŧżłǿŲÿŲĜŏÿŧƫŲŲǀÿŧƣĪǜŏĪǝłżƣ disclosure controls ǜĪƣƫĪĪƫƸŊĪǿŲÿŲĜŏÿŧƣĪƠżƣƸŏŲŃÿŲģ and compliance oversight of enterprise risk management żÿƣģŏŲŏƸƫżłƸŊĪ ŏƣĜǀŧÿƣ ǀģŏƸ żŰŰŏƸƸĪĪÿƫƫŏƫƸƫƸŊĪںڶƫĪĪƠ܏ Committee rÿŲģÿƸĪżłƸŊĪǀģŏƸ Guidance Reference Overview Application ENTERPRISE RISK MANAGEMENT ÿƫǝżŰĪŲބڵڷƫżĜŏÿŧŃƣżǀƠƫÿŲģ ƣĪƠƣĪƫĪŲƸĪģܫżłƸżƸÿŧǝżƣŤłżƣĜĪŏģĪŲƸŏłǣÿƫǀŲģĪƣބںڸ ÿƫǝżŰĪŲ ބڽڶƣĪƠƣĪƫĪŲƸĪģƫżĜŏÿŧŃƣżǀƠƫÿŲģܫżłǀŲģĪƣ żłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫŏģĪŲƸŏłǣÿƫŰĪŰěĪƣƫބڷڸ of under-represented social groups żłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫŏģĪŲƸŏłǣÿƫŰĪŰěĪƣƫބڽڶ ÿƫǝżŰĪŲ ŏģĪŲƸŏłǣܡżÿƣģÿŲģǀģŏƸ żŰŰŏƸƸĪĪܠŊÿŏƣƫ ڷżłڶ ÿƫǝżŰĪŲ żÿƣģ'ŏƣĪĜƸżƣƫŏģĪŲƸŏłǣżłŏŲģĪƠĪŲģĪŲƸބڴڸ ģŏǜĪƣƫĪěÿĜŤŃƣżǀŲģƫ܉ŃĪŲģĪƣ ܉ƣÿĜĪ܉ĪƸŊŲŏĜŏƸǣ܉ÿŃĪ܉ĪģǀĜÿƸŏżŲ܉ƠĪƣƫƠĪĜƸŏǜĪ ܉ĪǢƠĪƣŏĪŲĜĪ܉żłƸŊĪ ŏƣĜǀŧÿƣ ßÿŧǀĪģŏǜĪƣƫŏƸǣżłÿěŏŧŏƸŏĪƫڵڷƫĪĪƠ܏ Policy Diversity & Inclusion headquarters in Canada represented groups near producing assets and ܫŤŏŲƫƠĪĜŏǿĜŏŲŏƸŏÿƸŏǜĪƫƫǀƠƠżƣƸŏŲŃǀŲģĪƣڴڴڹǜĪƣݕ ƠƣĪǜŏżǀƫǿǜĪǣĪÿƣƫƸżĜżŰŰǀŲŏƸǣŏŲǜĪƫƸŰĪŲƸŏŲŏƸŏÿƸŏǜĪƫ żłÿǜĪƣÿŃĪŲĪƸŏŲĜżŰĪżǜĪƣބڶ żŰŰŏƸŰĪŲƸƸżÿŧŧżĜÿƸĪ counterparty communities ěĪŏŲŃżłŧżĜÿŧÿŲģܫÿŲģĪĜżŲżŰŏĜǝĪŧŧ ܉ĪŲǜŏƣżŲŰĪŲƸÿŧ܉żłƸŊĪ ŏƣĜǀŧÿƣ ¼żĜżŲƸƣŏěǀƸĪƸżƸŊĪƫżĜŏÿŧڵڷƫĪĪƠ܏ Strategy Community Investment żÿƣģěǣƸŊĪ /ƫƸÿěŧŏƫŊĪģÿŲ/ŲǜŏƣżŲŰĪŲƸÿŧżŧŏĜǣƸŊÿƸǝÿƫÿƠƠƣżǜĪģ environmentally responsible manner żłƸŊĪ ŏƣĜǀŧÿƣ Commits the Company to acting in anڶڷEnvironmental Policy ƫĪĪƠ܏ żÿƣģƸŊĪ /ƫƸÿěŧŏƫŊĪģÿ ŧŏŰÿƸĪ®ƸƣÿƸĪŃǣƸŊÿƸǝÿƫÿƠƠƣżǜĪģěǣ ÿĜĜƣĪģŏƸĪģżǳłƫĪƸƫƸżĪŲƫǀƣĪżŲŃżŏŲŃĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣ ĪŰŏƫƫŏżŲƫŏŲǜĪƫƸŏŲŃŏŲڷÿŲģڶ܉ڵŏŲĜŧǀģŏŲŃ®ĜżƠĪ܉żǳłƫĪƸ ڶ Ƹżłڴڴڴ܉ڹڶżǜĪƣ܉ÿƣěżŲŲĪǀƸƣÿŧƫŏŲĜĪŏŲĜĪƠƸŏżŲ ܡ'F ¼ܠFŏŲÿŲĜŏÿŧ'ŏƫĜŧżƫǀƣĪƫ the Task Force on Climate-related żłƸŊĪ ŏƣĜǀŧÿƣ Informed by the recommendations ofڶڷClimate Strategy ƫĪĪƠ܏ żÿƣģěǣƸŊĪ /ƫƸÿěŧŏƫŊĪģÿNǀŰÿŲ¦ŏŃŊƸƫżŧŏĜǣƸŊÿƸǝÿƫÿƠƠƣżǜĪģ modern slavery łżƣĜĪģŧÿěżƣżƣ܉àŏŧŧŲżƸƸżŧĪƣÿƸĪĜŊŏŧģŧÿěżƣ stakeholders ƸżƣĪƫƠĪĜƸƸŊĪNǀŰÿŲ¦ŏŃŊƸƫżłÿŧŧ żłƸŊĪ ŏƣĜǀŧÿƣ Establishes the Company’s commitmentڶڷNǀŰÿŲ¦ŏŃŊƸƫżŧŏĜǣ ƫĪĪƠ܏ ǝŏŧŧěĪÿŲÿŲŲǀÿŧƠǀěŧŏĜÿƸŏżŲŃżŏŲŃłżƣǝÿƣģ ܔڵڶڴڶǀěŧŏƫŊĪģŏŲÿǀŃǀƣÿŧ®ǀƫƸÿŏŲÿěŏŧŏƸǣ¦ĪƠżƣƸŏŲ easy-to-understand report ܉®ǀƫƸÿŏŲÿěŏŧŏƸǣŏŲŏƸŏÿƸŏǜĪƫŏŲÿƫŏŲŃŧĪ demonstration of the Company’s żłƸŊĪ ŏƣĜǀŧÿƣ Provides context and meaningfulڽڶSustainability Report ƫĪĪƠ܏ żÿƣģ/ƫƸÿěŧŏƫŊĪģÿŲ/®GżŧŏĜǣƸŊÿƸǝÿƫÿƠƠƣżǜĪģěǣƸŊĪ to a responsible and sustainable mining ecosystem ĜżŲƸƣŏěǀƸŏŲŃܡڶěǣĜżŲģǀĜƸŏŲŃƣŏŃżƣżǀƫģǀĪģŏŧŏŃĪŲĜĪÿŲģ ĪŲƫǀƣŏŲŃƠżƣƸłżŧŏżƢǀÿŧŏƸǣܡڵ܈ƠƣżŲŃĪģÿƠƠƣżÿĜŊܫ¼ǝż are aligned ǝŊĪƣĪżƠĪƣÿƸŏŲŃƠÿƣƸŲĪƣƫǜÿŧǀĪƫ żłƸŊĪ ŏƣĜǀŧÿƣ To continue to invest in opportunitiesڼڶESG Policy ƫĪĪƠ܏ żÿƣģǝŏƸŊƣĪŃǀŧÿƣƣĪƠżƣƸŏŲŃƸżƸŊĪ ܉ǀƫƸÿŏŲÿěŏŧŏƸǣƣĪŧÿƸĪģŏŲŏƸŏÿƸŏǜĪƫ®ޠƣĪŧĪǜÿŲƸ¼ÿŧĪŲƸ żŰŰŏƸƸĪĪŰĪĪƸƫƫĪǜĪƣÿŧƸŏŰĪƫƠĪƣǣĪÿƣƸżƣĪǜŏĪǝ and outcomes ŏŲŏƸŏÿƸŏǜĪƫܡG®/ܠ®ǀƫƸÿŏŲÿěŏŧŏƸǣ żłƸŊĪ ŏƣĜǀŧÿƣ Oversight of Executive Talent andڹڶƫĪĪƠ܏ Committee Compensation & ESG rÿŲģÿƸĪżłƸŊĪ Guidance Reference Overview Application ESG Statement of Corporate Governance Practices

ڙژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģÿĜĜżƣģŏŲŃŧǣÿŲģƣĪƠżƣƸĪģƸżƸŊĪ ÿĜƸŏżŲĪģ܉ŊżƸŧŏŲĪÿƣĪŰżŲŏƸżƣĪģěǣƸŊĪ ŊÿŏƣżłƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ ĜżŰÿŲģÿŧŧĜżŰƠŧÿŏŲƸƫƣĪĜĪŏǜĪģƸŊƣżǀŃŊƸŊĪǝŊŏƫƸŧĪěŧżǝĪƣĜżŲĜĪƣŲƫ ܏ĜżŲģǀĜƸ܏¼ŊĪģĪƸÿŏŧƫżłƸŊĪŊżƸŧŏŲĪÿƣĪÿǜÿŏŧÿěŧĪÿƸǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ ǜŏżŧÿƸĪƫƸŊĪ żģĪżł/ƸŊŏĜƫżƣżƸŊĪƣǝŏƫĪĜżŲƫƸŏƸǀƸĪƫłƣÿǀģżƣǀŲĪƸŊŏĜÿŧ supplier or director may use the hotline to report conduct that they feel ܉ÿĜĜĪƫƫŏěŧĪ ěǣ ĪŰÿŏŧ ÿŲģ ěǣ ƠŊżŲĪ܏ Ųǣ ĪŰƠŧżǣĪĪ ܉ěŧżǝĪƣ ĜżŲĜĪƣŲƫ ǜŏżŧÿƸŏżŲƫżłƸŊĪ żģĪżł/ƸŊŏĜƫÿŲģŊÿƫĪƫƸÿěŧŏƫŊĪģÿŊżƸŧŏŲĪłżƣǝŊŏƫƸŧĪ- The Company encourages the reporting of violations and potential WHISTLEBLOWER POLICY ܏ÿƸǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰ ®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰÿŲģŏƫÿŧƫżÿǜÿŏŧÿěŧĪżŲżǀƣǝĪěƫŏƸĪ ƸŊĪ żģĪżł/ƸŊŏĜƫŊÿƫěĪĪŲǿŧĪģżŲżǀƣ܉ڍڌڍܫڔڑÿĜĜżƣģÿŲĜĪǝŏƸŊtS ƣĪƫƠżŲƫŏěŏŧŏƸǣ łżƣ ŰżŲŏƸżƣŏŲŃ ĜżŰƠŧŏÿŲĜĪ ǝŏƸŊ ƸŊĪ żģĪ żł /ƸŊŏĜƫ܏ SŲ żÿƣģ Ŋÿƫ ǀŧƸŏŰÿƸĪ ǀƣ ܏ܡżÿƣģ ÿƫ ÿ ǝŊżŧĪ ƫǀěšĪĜƸ Ƹż ƣĪǜŏĪǝ ěǣ żǀƣ ǝŊŏĜŊÿƣĪ ܉ǝÿŏǜĪƣƫ ÿƠƠŧŏĜÿěŧĪ Ƹż żǀƣ ģŏƣĪĜƸżƣƫ żƣ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ żƣ܉ǝŊŏĜŊÿƣĪĜżŲƫŏģĪƣĪģěǣƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ܉G żŰŰŏƸƸĪĪ®/ޠ żƸŊĪƣƸŊÿŲǝÿŏǜĪƣƫÿƠƠŧŏĜÿěŧĪƸżŰĪŰěĪƣƫżłƸŊĪ żŰƠĪŲƫÿƸŏżŲܠ/ƸŊŏĜƫ ÿŲģŏƫƣĪƫƠżŲƫŏěŧĪłżƣĜżŲƫŏģĪƣŏŲŃÿŲǣǝÿŏǜĪƣƫżłƸŊĪ żģĪżł܉/ƸŊŏĜƫ żÿƣģǝŏƸŊƸŊĪŰżŲŏƸżƣŏŲŃżłĜżŰƠŧŏÿŲĜĪǝŏƸŊƸŊĪ żģĪżłÿƫƫŏƫƸƫƸŊĪ G żŰŰŏƸƸĪĪ®/ ޠ żÿƣģ łżƣ ĜżŲƫŏģĪƣÿƸŏżŲ܏ ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ żǀƣ annually and recommends any necessary or appropriate changes to ŏƫƣĪƫƠżŲƫŏěŧĪłżƣƣĪǜŏĪǝŏŲŃÿŲģĪǜÿŧǀÿƸŏŲŃƸŊĪ żģĪżł/ƸŊŏĜƫÿƸŧĪÿƫƸ set forth in the Code of Ethics. The Compensation & ESG Committee ÿǝÿƣĪƸżÿŲǣżŲĪżłƸŊĪ żŰƠÿŲǣܹƫĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżƣÿƫżƸŊĪƣǝŏƫĪ ƣĪŃǀŧÿƸŏżŲżƣżłƸŊĪ żģĪżł/ƸŊŏĜƫżłǝŊŏĜŊƸŊĪǣěĪĜżŰĪ܉ƸŏżŲƫżłŧÿǝ ŲǣƠĪƣƫżŲƫǀěšĪĜƸƸżƸŊĪ żģĪżł/ƸŊŏĜƫŏƫƣĪƢǀŏƣĪģƸżƣĪƠżƣƸÿŧŧǜŏżŧÿ- ܏ÿƣĪƣĪƢǀŏƣĪģƸżƣĪǜŏĪǝÿŲģÿĜŤŲżǝŧĪģŃĪƸŊĪ żģĪżł/ƸŊŏĜƫĪÿĜŊǣĪÿƣ fair compensation. Company Personnel receive annual training and ƣĪÿƫżŲÿěŧĪǝżƣŤŏŲŃŊżǀƣƫÿŲģ܉żłÿƫƫżĜŏÿƸŏżŲÿŲģĜżŧŧĪĜƸŏǜĪěÿƣŃÿŏŲŏŲŃ ŏŲĜŧǀģŏŲŃłƣĪĪģżŰ܉ÿŲģĜżŰŰŏƸŰĪŲƸƫƸżłǀŲģÿŰĪŲƸÿŧłƣĪĪģżŰƫ܉ŰĪŲƸ included restrictions and requirements relating to political involve- ÿģģŏƸŏżŲƫƸżƸŊĪ żģĪżł/ƸŊŏĜƫ܉ڍڎڌڎƣĪŃǀŧÿƸŏżŲżƣƸŊĪ żģĪżł/ƸŊŏĜƫ܏SŲ ܉ƠżŧŏƸŏĜÿŧÿŲģĜŊÿƣŏƸÿěŧĪÿĜƸŏǜŏƸŏĪƫÿŲģƣĪƠżƣƸŏŲŃÿŲǣǜŏżŧÿƸŏżŲƫżłŧÿǝ ܉ǀƫĪżł żŰƠÿŲǣĜżŰƠǀƸĪƣƫÿŲģƸŊĪŏŲƸĪƣŲĪƸ܉ƠƣŏǜÿĜǣ܉ÿŲģŊÿƣÿƫƫŰĪŲƸ ĪƢǀÿŧĪŰƠŧżǣŰĪŲƸżƠƠżƣƸǀŲŏƸŏĪƫ܉ŏŧŧĪŃÿŧƠÿǣŰĪŲƸƫ܉ģǀĪģŏŧŏŃĪŲĜĪ܉ƸŏżŲ łÿŏƣĜżŰƠĪƸŏ-܉łÿŏƣģĪÿŧŏŲŃ܉ĜżŰŰǀŲŏĜÿƸŏżŲƫ܉ƠƣżƠĪƣǀƫĪżłżǀƣÿƫƫĪƸƫ ƠƣżƸĪĜƸŏżŲ ÿŲģ ܉ŏŲƸĪƣŲÿŧ ĜżŲƸƣżŧƫ ÿŲģ ģŏƫĜŧżƫǀƣĪ ܉Ĝŏÿŧ ŏŲłżƣŰÿƸŏżŲ ǿŲÿŲ- ܉ƠƣĪłĪƣĪŲƸŏÿŧ ƸƣĪÿƸŰĪŲƸ ܉ĜżŰŰŏƸŰĪŲƸ ܉ĜżŲǿģĪŲƸŏÿŧŏƸǣ ܉ŏŲƸĪƣĪƫƸ ĜżŲǵŧŏĜƸƫ żł ܉ƣǀŧĪƫ ÿŲģ ƣĪŃǀŧÿƸŏżŲƫ ܉ÿģģƣĪƫƫĪƫ ĜżŰƠŧŏÿŲĜĪ ǝŏƸŊ ŧÿǝƫ ƸƣǀƫƸÿŲģƣĪƫƠĪĜƸ܏¼ŊĪ żģĪżł/ƸŊŏĜƫ܉żǀƣÿŲģżǀƣƫǀěƫŏģŏÿƣŏĪƫܹŏŲƸĪŃƣŏƸǣ żěšĪĜƸŏǜĪżłƸŊĪ żģĪżł/ƸŊŏĜƫŏƫƸżƠƣżǜŏģĪŃǀŏģĪŧŏŲĪƫłżƣŰÿŏŲƸÿŏŲŏŲŃ ƸŊĪ “Code of Ethics”) that applies to the Company Personnel. Theܠ żÿƣģŊÿƫÿģżƠƸĪģÿǝƣŏƸƸĪŲĜżģĪżłěǀƫŏŲĪƫƫĜżŲģǀĜƸÿŲģĪƸŊŏĜƫǀƣ CODE OF ETHICS ܏żŲŧǣ ģǀƣŏŲŃ ƠƣĪƫĜƣŏěĪģ ƸƣÿģŏŲŃ ǝŏŲģżǝƫ ܉ĪǢĪƣĜŏƫĪ żł ƫƸżĜŤ żƠƸŏżŲƫ ŏŲĜŧǀģŏŲŃthe܉ƸżƣƫÿŲģĪŰƠŧżǣĪĪƫƸżƸƣÿģĪŏŲƸŊĪ żŰƠÿŲǣܹƫƫĪĜǀƣŏƸŏĪƫ including the exercise of stock options. The Company permits direc- ܉ƠĪƣŰŏƸģŏƣĪĜƸżƣƫÿŲģĪŰƠŧżǣĪĪƫƸżƸƣÿģĪŏŲƸŊĪ żŰƠÿŲǣܹƫƫĪĜǀƣŏƸŏĪƫ ƫǝÿƠƫ܏ Ųŧǣ ģǀƣŏŲŃ ƠƣĪƫĜƣŏěĪģ ƸƣÿģŏŲŃ ǝŏŲģżǝƫ ǝŏŧŧ ƸŊĪ żŰƠÿŲǣ ƠƣĪƠÿŏģǜÿƣŏÿěŧĪłżƣǝÿƣģĜżŲƸƣÿĜƸƫÿŲģĪƢǀŏƸǣ܉Ĝÿŧŧƫ܉ƠǀƸƫ܉ÿƫƫŊżƣƸƫÿŧĪƫ ƫǀĜŊ܉żłŊĪģŃŏŲŃƸƣÿŲƫÿĜƸŏżŲƫŏŲǜżŧǜŏŲŃƸŊĪƫĪĜǀƣŏƸŏĪƫżłƸŊĪ żŰƠÿŲǣ tors and employees are also prohibited from entering into certain types ģŏƣĪĜ-܉ǀŲģŏƫĜŧżƫĪģŏŲłżƣŰÿƸŏżŲÿěżǀƸƸŊĪ żŰƠÿŲǣ܏ÃŲģĪƣƸŊŏƫƠżŧŏĜǣ ƠżŧŏĜǣƠƣżŊŏěŏƸƫƸƣÿģŏŲŃŏŲżǀƣƫĪĜǀƣŏƸŏĪƫǝŊŏŧĪŏŲƠżƫƫĪƫƫŏżŲżłŰÿƸĪƣŏÿŧ Ŋŏƫ¼ ܏ܡÿ ƣĪƫǀŧƸ żł żǀƣ ĜżŰƠÿĜƸ ƸĪÿŰ ƫŏǭĪ ÿŲģ ĜżŊĪƫŏǜĪ ǝżƣŤ ƠƣÿĜƸŏĜĪƫ ÿƫܠŊĪģŃŏŲŃƠżŧŏĜǣܫÿƣĪƫǀěšĪĜƸƸżżǀƣŏŲƫŏģĪƣƸƣÿģŏŲŃÿŲģÿŲƸŏ܉ܡ”NEOs“ܠ ŏŲĜŧǀģŏŲŃƸŊĪŲÿŰĪģĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ܉ŧŧżǀƣģŏƣĪĜƸżƣƫÿŲģĪŰƠŧżǣĪĪƫ St®S'/¦¼¦'StGt't¼SܰN/'GStGhS æ investigations of reported violations. ƣŏěĪƣǣżŧŏĜǣÿŲģŏŲŏƸŏÿƸŏŲŃܫłżƣŰżŲŏƸżƣŏŲŃĜżŰƠŧŏÿŲĜĪǝŏƸŊƸŊĪŲƸŏ żÿƣģŏƫƣĪƫƠżŲƫŏěŧĪÿģżƠƸƸżŰŏƸŏŃÿƸĪěƣŏěĪƣǣÿŲģĜżƣƣǀƠƸŏżŲƣŏƫŤ܏¼ŊĪ ƣŏěĪƣǣ żŧŏĜǣ ÿŧƫż ƫĪƸƫ żǀƸ ƫƸƣÿƸĪŃŏĪƫ ǝĪܫĜżŰƠŧŏÿŲĜĪ܏ ¼ŊĪ ŲƸŏܫŲżŲ ÿƫ ǝĪŧŧ ÿƫ ƸŊĪ ĜżŲƫĪƢǀĪŲĜĪƫżł ܉ÿ ŃǀŏģĪŧŏŲĪ żł ƠƣżŊŏěŏƸĪģ ƠÿǣŰĪŲƸƫ ƣŏěĪƣǣżŧŏĜǣƠƣżǜŏģĪƫܫŃżǜĪƣŲŰĪŲƸżǳǿĜŏÿŧƫÿƣĪƠƣżŊŏěŏƸĪģ܏¼ŊĪŲƸŏ ģŏƣĪĜƸŧǣżƣŏŲģŏƣĪĜƸŧǣƸż܉żƣżƸŊĪƣƢǀĪƫƸŏżŲÿěŧĪŏŲģǀĜĪŰĪŲƸƫ܉ŤŏĜŤěÿĜŤƫ ܉ěƣŏěĪƫ܉żƣ żǳłĪƣŏŲŃƫ żł ÿŲǣƸŊŏŲŃ Ƹż ŏŲǵŧǀĪŲĜĪ ƫÿŧĪƫ żƣ żƸŊĪƣ ěǀƫŏŲĪƫƫ ƠÿǣŰĪŲƸƫ܉ĜżŲģǀĜƸƸŊĪ żŰƠÿŲǣܹƫěǀƫŏŲĪƫƫŧĪŃÿŧŧǣÿŲģĪƸŊŏĜÿŧŧǣ܏GŏǽƸƫ ģżŰĪƫƸŏĜÿŲģłżƣĪŏŃŲżǳǿĜŏÿŧƫ܏ŧŧ żŰƠÿŲǣĪƣƫżŲŲĪŧÿƣĪƣĪƢǀŏƣĪģƸż ƣĪƢǀŏƣĪģ Ƹż ĜżŰƠŧǣ ǝŏƸŊ ÿŧŧ ŧÿǝƫ ƠƣżŊŏěŏƸŏŲŃ ŏŰƠƣżƠĪƣ ƠÿǣŰĪŲƸƫ Ƹż Company Personnel”) are“ܠÿŃĪŲƸƫÿĜƸŏŲŃżŲěĪŊÿŧłżłƸŊĪ żŰƠÿŲǣ ĜżŲƸƣÿĜƸżƣƫÿŲģ܉ĪŰƠŧżǣĪĪƫ܉ģŏƣĪĜƸżƣƫ܉ěĪÿƠƠŧŏĜÿěŧĪ܏ŧŧżłƸŊĪżǳǿĜĪƣƫ ĜżƣƣǀƠƸŏżŲŧÿǝƫÿŲģƣĪŃǀŧÿƸŏżŲƫƸŊÿƸŰÿǣܫěƣŏěĪƣǣżƣÿŲƸŏܫłżƣĪŏŃŲÿŲƸŏ ÿŲģ ƸŊĪ ÃŲŏƸĪģ ®ƸÿƸĪƫFżƣĪŏŃŲ żƣƣǀƠƸ ƣÿĜƸŏĜĪƫ ĜƸ and any local and Ƹż ĜżŰƠŧǣ łǀŧŧǣ ǝŏƸŊ ÿŲÿģÿܹƫ żƣƣǀƠƸŏżŲ żł FżƣĪŏŃŲ ǀěŧŏĜ ǲǾĜŏÿŧƫ ĜƸ ǝŊŏĜŊĪƫƸÿěŧŏƫŊĪƫżǀƣĜżŰŰŏƸŰĪŲƸܡ”ƸŊĪ“Anti-Bribery PolicyܠƠżŧŏĜǣ ĜżƣƣǀƠƸŏżŲĜżŰƠŧŏÿŲĜĪܫěƣŏěĪƣǣÿŲģÿŲƸŏܫżÿƣģŊÿƫÿģżƠƸĪģÿŲÿŲƸŏǀƣ COMPLIANCE POLICY /¦æt't¼Sܰ ¦¦Ã¼St¦St¼Sܰ ܏ÿĜĜǀƣÿƸĪÿŲģěÿŧÿŲĜĪģ܉ƸŏŰĪŧǣ standards for the disclosure of material information to ensure it is żÿƣģŊÿƫĪƫƸÿěŧŏƫŊĪģƠżŧŏĜŏĪƫÿŲģżÿƣģ܏¼ŊĪǀģŏƸ żŰŰŏƸƸĪĪÿŲģ ģŏƫĜŧżƫǀƣĪģżĜǀŰĪŲƸƫěĪłżƣĪƸŊĪǣÿƣĪƣĪǜŏĪǝĪģÿŲģÿƠƠƣżǜĪģěǣƸŊĪ ŰÿƸƸĪƣƫ܏¼ŊĪģŏƫĜŧżƫǀƣĪĜżŰŰŏƸƸĪĪƣĪǜŏĪǝƫÿŧŧŰÿƸĪƣŏÿŧŏŲłżƣŰÿƸŏżŲŏŲ senior management and reports to the Audit Committee on disclosure żł¼ƣŏƠŧĪFŧÿŃܹƫģŏƫĜŧżƫǀƣĪƠżŧŏĜǣ܏SƸŏƫŰÿģĪǀƠżłŰĪŰěĪƣƫżł܉ƸżƸŏŰĪ łƣżŰƸŏŰĪ܉ŏŲĜŧǀģŏŲŃƸŊĪƣĪǜŏĪǝ܉ƸŊĪģŏƫĜŧżƫǀƣĪƠƣżĜĪƫƫĪƫÿŲģƠƣÿĜƸŏĜĪƫ The disclosure committee is responsible for overseeing and monitoring ܏ĜżŲłĪƣĪŲĜĪĜÿŧŧƫÿŲģģŏƫĜŧżƫǀƣĪżłŰÿƸĪƣŏÿŧŏŲłżƣŰÿƸŏżŲ܉ŲĪǝƫƣĪŧĪÿƫĪƫ ܉ģÿƣģƫÿŲģƠƣżĜĪģǀƣĪƫƣĪŧÿƸŏŲŃƸżĜżŲƸÿĜƸƫǝŏƸŊÿŲÿŧǣƫƸƫÿŲģŏŲǜĪƫƸżƣƫ żÿƣģ Ŋÿƫ ÿƠƠƣżǜĪģ ÿ 'ŏƫĜŧżƫǀƣĪ żŧŏĜǣ ǝŊŏĜŊ ĪƫƸÿěŧŏƫŊĪƫ ƫƸÿŲ- ¼ŊĪ DISCLOSURE POLICY Statement of Corporate Governance Practices

ښژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƫĪĪܶ'ŏƣĪĜƸżƣƣżǿŧĪƫܷ܉ŏŲŃƸŊĪģŏƣĪĜƸĪǢƠĪƣŏĪŲĜĪƸŊÿƸŏƫƣĪŧĪǜÿŲƸƸżĪÿĜŊĜżŰŰŏƸƸĪĪŰĪŰěĪƣܹƫƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫŏŲĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲ ŏŲĜŧǀģ-܉G żŰŰŏƸƸĪĪ®/ޠĪŲƸŏƸŏĪƫ܏FżƣÿģģŏƸŏżŲÿŧģĪƸÿŏŧƫƣĪŃÿƣģŏŲŃƸŊĪƣĪŧĪǜÿŲƸĪģǀĜÿƸŏżŲÿŲģĪǢƠĪƣŏĪŲĜĪżłĪÿĜŊŰĪŰěĪƣżłżǀƣ żŰƠĪŲƫÿƸŏżŲ ledge and experience as current and former senior executives of large and complex organizations and on the boards of other publicly traded G żŰŰŏƸƸĪĪŊÿǜĪƫǀěƫƸÿŲƸŏÿŧŤŲżǝ-®/ޠƸżłǀŧǿŧŧƸŊĪĜżŰŰŏƸƸĪĪܹƫŰÿŲģÿƸĪ܏ŧŧŰĪŰěĪƣƫżłƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉ÿŲģŃĪŲĪƣÿŧěǀƫŏŲĪƫƫŧĪÿģĪƣƫŊŏƠ GŏƫƫǀĪƫ®/܉ĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲŰÿƸƸĪƣƫ܉ŏŲĜŧǀģŏŲŃŊǀŰÿŲƣĪƫżǀƣĜĪŰÿŲÿŃĪŰĪŲƸ܉ÿŲģĪǢƠĪƣŏĪŲĜĪŏŲŃżǜĪƣŲÿŲĜĪÿŲģĜżŰƠĪŲƫÿƸŏżŲŰÿƸƸĪƣƫ ƫŤŏŧŧ܉G żŰŰŏƸƸĪĪŏŲģŏǜŏģǀÿŧŧǣÿŲģĜżŧŧĪĜƸŏǜĪŧǣƠżƫƫĪƫƫƸŊĪƣĪƢǀŏƫŏƸĪŤŲżǝŧĪģŃĪ®/ޠżÿƣģěĪŧŏĪǜĪƫƸŊÿƸƸŊĪŰĪŰěĪƣƫżłƸŊĪ żŰƠĪŲƫÿƸŏżŲǀƣ Committee Chair Compensation & ESG “Mick” Davis Sir Michael Baker Timothy O’Hagan Peter ܏ŏŲÿŲżěšĪĜƸŏǜĪŰÿŲŲĪƣ G żŰŰŏƸƸĪĪŏƫÿěŧĪƸżĜżŲģǀĜƸŏƸƫÿĜƸŏǜŏƸŏĪƫ®/ޠżÿƣģěĪŧŏĪǜĪƫƸŊÿƸżǀƣ żŰƠĪŲƫÿƸŏżŲÿŤĪƣ܏ǀƣĪƸĪƣܹNÿŃÿŲÿŲģ¼ŏŰ܉ĜŊÿŏƣżłƸŊĪĜżŰŰŏƸƸĪĪ ǝŊżÿĜƸƫÿƫ܉G żŰŰŏƸƸĪĪĜżŰƠƣŏƫĪƫ®ŏƣrŏĜŊÿĪŧ'ÿǜŏƫ®/ޠżÿƣģƸżěĪŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫ܏ǀƣ żŰƠĪŲƫÿƸŏżŲÿƣĪƠĪƣƫżŲƫģĪƸĪƣŰŏŲĪģěǣżǀƣ ÿŧŧżłǝŊżŰ܉ܡŏŲĜŧǀģŏŲŃƸŊĪĜżŰŰŏƸƸĪĪĜŊÿŏƣܠG żŰŰŏƸƸĪĪĜżŰƠƣŏƫĪƫƸŊƣĪĪģŏƣĪĜƸżƣƫ®/ޠŏŲÿƸŏŲŃƠżŧŏĜŏĪƫÿŲģżǀƣ/®GżŧŏĜǣ܏¼ŊĪ żŰƠĪŲƫÿƸŏżŲ ĜżƣƠżƣÿƸĪŃżǜĪƣŲÿŲĜĪÿŲģŲżŰ-܉żǜĪƣƫĪĪŏŲŃÿŲģĪǜÿŧǀÿƸŏŲŃżǀƣĜżŰƠĪŲƫÿƸŏżŲ܉G żŰŰŏƸƸĪĪŏƫĜŊÿƣŃĪģǝŏƸŊƣĪǜŏĪǝŏŲŃ®/ޠǀƣ żŰƠĪŲƫÿƸŏżŲ Composition of Compensation & ESG Committee COMPENSATION & ESG COMMITTEE ܏G żŰŰŏƸƸĪĪÿŲģƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ܈żÿƣģŊÿƫĪƫƸÿěŧŏƫŊĪģƸǝżĜżŰŰŏƸƸĪĪƫǀƣ COMMITTEES OF OUR BOARD ܏G żŰŰŏƸƸĪĪܷ®/ޠܶ żŰƠĪŲƫÿƸŏżŲ Agreement and the Compensation & ESG Committee charter. See also ƸŊĪ SŲǜĪƫƸżƣ ¦ŏŃŊƸƫ ܉ǝŏƸŊ ƸŊĪ ƠƣżǜŏƫŏżŲƫ żł ÿƠƠŧŏĜÿěŧĪ ĜżƣƠżƣÿƸĪ ŧÿǝ are determined by our Compensation & ESG Committee in accordance ÿƸŏżŲ¦ŏŃŊƸƫܷ܏¼ŊĪŲżŰŏŲĪĪƫłżƣĪŧĪĜƸŏżŲěǣƫŊÿƣĪŊżŧģĪƣƫÿƫģŏƣĪĜƸżƣƫ ŃżǜĪƣŲĪģěǣƸŊĪƸĪƣŰƫżłƸŊĪSŲǜĪƫƸżƣ¦ŏŃŊƸƫŃƣĪĪŰĪŲƸ܏®ĪĪܶtżŰŏŲ- żÿƣģÿƣĪ ĪƣƸÿŏŲÿƫƠĪĜƸƫżłƸŊĪĜżŰƠżƫŏƸŏżŲÿŲģłǀŲĜƸŏżŲŏŲŃżłżǀƣ meeting of shareholders. one-third of the number of directors elected at the previous annual but the number of additional directors may not at any time exceed ܉ƸŊĪģŏƣĪĜƸżƣƫŰÿǣÿƠƠżŏŲƸżŲĪżƣŰżƣĪÿģģŏƸŏżŲÿŧģŏƣĪĜƸżƣƫ܉ŊżŧģĪƣƫ ěĪƸǝĪĪŲÿŲŲǀÿŧŃĪŲĪƣÿŧŰĪĪƸŏŲŃƫżłƫŊÿƣĪ-܉ǀƣƣƸŏĜŧĪƫƠƣżǜŏģĪƸŊÿƸ meeting or until their respective successors are elected or appointed. ƸżƣƫǝŏŧŧŊżŧģżǳǿĜĪłżƣÿƸĪƣŰĪǢƠŏƣŏŲŃÿƸƸŊĪĜŧżƫĪżłƸŊĪŲĪǢƸÿŲŲǀÿŧ ÿŲģÿŧŧģŏƣĪĜ-܉ěǣƫŊÿƣĪŊżŧģĪƣƫÿƸĪÿĜŊÿŲŲǀÿŧŰĪĪƸŏŲŃżłƫŊÿƣĪŊżŧģĪƣƫ żłƫŊÿƣĪŊżŧģĪƣƫÿŲģǝŊżÿƣĪĪŲƸŏƸŧĪģƸżǜżƸĪ܏¼ŊĪģŏƣĪĜƸżƣƫÿƣĪĪŧĪĜƸĪģ votes cast by shareholders present in person or by proxy at a meeting żƣǝŏƸŊżǀƸĜÿǀƫĪěǣÿƣĪƫżŧǀƸŏżŲƠÿƫƫĪģěǣÿŲżƣģŏŲÿƣǣŰÿšżƣŏƸǣżłƸŊĪ ÿģŏƣĪĜƸżƣŰÿǣěĪƣĪŰżǜĪģǝŏƸŊ܉ܡ”ƸŊĪ“CBCAܠǀƫŏŲĪƫƫ żƣƠżƣÿƸŏżŲƫĜƸ ěĪ ŏŲģĪƠĪŲģĪŲƸǀŲģĪƣ ÿŲÿģŏÿŲ ƫĪĜǀƣŏƸŏĪƫ ŧÿǝƫ܏ ÃŲģĪƣ ƸŊĪCanada ƸŊĪŰÿšżƣŏƸǣżłǝŊżŰÿƣĪĜżŲƫŏģĪƣĪģƸż܉ĜżŲƫŏƫƸƫżłƫĪǜĪŲģŏƣĪĜƸżƣƫ żÿƣģĜǀƣƣĪŲƸŧǣģĪƸĪƣŰŏŲĪģłƣżŰƸŏŰĪƸżƸŏŰĪěǣƸŊĪģŏƣĪĜƸżƣƫ܏ǀƣ ÿƫ ܉ģŏƣĪĜƸżƣƫ ڌڍ ĜżŲƫŏƫƸ żł ÿ ŰŏŲŏŰǀŰ żł ƸŊƣĪĪ ÿŲģ ÿ ŰÿǢŏŰǀŰ żł żÿƣģƫŊÿŧŧżǀƣ܉ܡ”ƸŊĪ“ArticlesܠƫƠĪƣżǀƣÿƣƸŏĜŧĪƫżłÿŰÿŧŃÿŰÿƸŏżŲ AND BOARD COMMITTEES COMPOSITION OF OUR BOARD Statement of Corporate Governance Practices

ڛژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ żŰƠĪŲƫÿƸŏżŲܷ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ ǝŏŧŧ ěĪ ģĪƸĪƣŰŏŲĪģ ŏƫ ƠƣżǜŏģĪģ ǀŲģĪƣ ܶ/ǢĪĜǀƸŏǜĪ FǀƣƸŊĪƣ ƠÿƣƸŏĜǀŧÿƣƫ żł ƸŊĪ ƠƣżĜĪƫƫ ěǣ ǝŊŏĜŊ ĜżŰƠĪŲƫÿƸŏżŲ łżƣ żǀƣ ܏ żŰƠĪŲƫÿƸŏżŲ¼ÿěŧĪܷ ǿƣƫƸǿƫĜÿŧǣĪÿƣÿƫÿƠǀěŧŏĜĜżŰƠÿŲǣŏƫƫĪƸłżƣƸŊěĪŧżǝŏŲƸŊĪܶ®ǀŰŰÿƣǣ ŏŲĜŧǀģŏŲŃƸŊĪt/ƫ܏¼ŊĪĜżŰƠĪŲƫÿƸŏżŲƠÿŏģƸżżǀƣt/ƫłżƣżǀƣ܉ŰĪŲƸ ƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣżƸŊĪƣƫĪŲŏżƣŰÿŲÿŃĪ-܉ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ ěÿƫĪģ żŲ ƸŊĪ ƣĪĜżŰŰĪŲģÿƸŏżŲƫ żł ƸŊĪ ܉ÿƫ ǝĪŧŧ ÿƫ ܉/ǢĪĜǀƸŏǜĪ ǳǿĜĪƣ żÿƣģŏƫƣĪƫƠżŲƫŏěŧĪłżƣÿƠƠƣżǜŏŲŃƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣ ŊŏĪłǀƣ ܏ żŲƸŏŲǀŏŲŃ/ģǀĜÿƸŏżŲܷ ŏŲŃ ĪģǀĜÿƸŏżŲ ƠƣżŃƣÿŰƫ łżƣ żǀƣ ģŏƣĪĜƸżƣƫ܏ ®ĪĪ ÿŧƫż ܶƣŏĪŲƸÿƸŏżŲ ÿŲģ & ESG Committee is also responsible for orientation and continu- may ultimately determine the boardroom dynamic. Our Compensation ÿƫƸŊĪƫĪ܉żÿƣģÿƫÿŃƣżǀƠĜżŲƫŏģĪƣŏŲŃżǀƣ܉ĪǢŏƫƸŏŲŃģŏƣĪĜƸżƣƠżƫƫĪƫƫĪƫ ƫŊżǀŧģƠżƫƫĪƫƫÿŲģÿƫƫĪƫƫǝŊÿƸĜżŰƠĪƸĪŲĜŏĪƫÿŲģƫŤŏŧŧƫĪÿĜŊ܉ÿǝŊżŧĪ ÿƫ܉żÿƣģG żŰŰŏƸƸĪĪĜżŲƫŏģĪƣǝŊÿƸĜżŰƠĪƸĪŲĜŏĪƫÿŲģƫŤŏŧŧƫżǀƣ®/ޠ ƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉żÿƣģĜŊÿŏƣƫ܏SŲŏģĪŲƸŏłǣŏŲŃŲĪǝĜÿŲģŏģÿƸĪƫłżƣżǀƣ żǀƣ Ŋÿŏƣ ÿŲģ ĜżŰŰŏƸƸĪĪ ܉żÿƣģ ŰĪŰěĪƣƫ ŏŲģŏǜŏģǀÿŧ ܉żÿƣģ żł żǀƣ ĜżŰŰŏƸƸĪĪƫ܉żÿƣģÿƸŏżŲżłƸŊĪƠĪƣłżƣŰÿŲĜĪÿŲģĪǳłĪĜƸŏǜĪŲĪƫƫżłżǀƣ Compensation & ESG Committee regarding the results of the evalu- żÿƣģ ƣĪĜĪŏǜĪƫ ÿŲģ ĜżŲƫŏģĪƣƫ ƸŊĪ ƣĪĜżŰŰĪŲģÿƸŏżŲƫ łƣżŰ żǀƣ ǀƣ ܏ÿŲģŏŲģŏǜŏģǀÿŧģŏƣĪĜƸżƣǿŲÿŲĜŏÿŧŧŏƸĪƣÿĜǣ܉żÿƣģƫŤŏŧŧƫĪĜƸżƣÿŲģżǜĪƣÿŧŧ ŏŲģŏǜŏģǀÿŧģŏƣ-܉ŏŲģŏǜŏģǀÿŧģŏƣĪĜƸżƣŏŲģĪƠĪŲģĪŲĜĪ܉ÿŰżŲŃżƸŊĪƣƸŊŏŲŃƫ ܉żǀƣ ŊÿŏƣÿŲģĜżŰŰŏƸƸĪĪĜŊÿŏƣƫ܏¼ŊĪÿƫƫĪƫƫŰĪŲƸÿģģƣĪƫƫĪƫ܉ŰĪŰěĪƣƫ żÿƣģŏŲģŏǜŏģǀÿŧ܉żÿƣģĜżŰŰŏƸƸĪĪƫżłżǀƣ܉żÿƣģĪǳłĪĜƸŏǜĪŲĪƫƫżłżǀƣ ģŏƣĪĜƸżƣƫܹ ƠĪƣłżƣŰÿŲĜĪ ÿŲģ ܉żŲ ÿŲ ÿŲŲǀÿŧ ěÿƫŏƫ ܉ĪǜÿŧǀÿƸĪ ÿŲģ ÿƫƫĪƫƫ Our Compensation & ESG Committee takes reasonable steps to ܏żÿƣģĜżŰŰŏƸƸĪĪƫżǀƣ żÿƣģÿŲģżł• ĪǜÿŧǀÿƸŏŲŃƸŊĪƠĪƣłżƣŰÿŲĜĪÿŲģĪǳłĪĜƸŏǜĪŲĪƫƫżłżǀƣ ÿŲģܔĜżŰŰŏƸƸĪĪƫ żÿƣģ ĜżŰƠżƫŏƸŏżŲ ÿŲģ ŰÿŲģÿƸĪ żł ܉ƣĪǜŏĪǝŏŲŃ ƸŊĪ ƫƸƣǀĜƸǀƣĪ • ܔƸŏŃÿƸŏżŲƫżłƣĪƠżƣƸĪģǜŏżŧÿƸŏżŲƫƸŊĪƣĪżł ŰżŲŏƸżƣŏŲŃĜżŰƠŧŏÿŲĜĪǝŏƸŊƸŊĪ żģĪżł/ƸŊŏĜƫÿŲģŏŲŏƸŏÿƸŏŲŃŏŲǜĪƫ- • ܔżÿƣģƸżěĪŲżŰŏŲÿƸĪģÿƫŰĪŰěĪƣƫżłżǀƣ ŏģĪŲƸŏłǣŏŲŃÿŲģżǜĪƣƫĪĪŏŲŃƸŊĪƣĪĜƣǀŏƸŰĪŲƸżłĜÿŲģŏģÿƸĪƫƢǀÿŧŏǿĪģ • ܔżł/®GŏƫƫǀĪƫ ĪŲŃÿŃŏŲŃǝŏƸŊżǀƣƫŊÿƣĪŊżŧģĪƣƫÿŲģżƸŊĪƣƫƸÿŤĪŊżŧģĪƣƫŏŲƣĪƫƠĪĜƸ • ܔƫżĜŏÿŧŏƫƫǀĪƫ ÿƫƫĪƫƫ ÿŲģ ŰÿŲÿŃĪ ƣŏƫŤ ƣĪŧÿƸĪģ ĪŲǜŏƣżŲŰĪŲƸÿŧ ÿŲģ ܉Ƹż ŰżŲŏƸżƣ delegating to the Audit Committee the responsibility and authority • ܔģÿƣģƫżƣŏŲŏƸŏÿƸŏǜĪƫ overseeing and approving the adoption of any ESG-related stan- • ܔżÿƣģżŲƸŊĪ/®GƠĪƣłżƣŰÿŲĜĪżłżǀƣƠżƣƸłżŧŏżżłŏŲǜĪƫƸŰĪŲƸƫ ÿŲģƣĪƠżƣƸŏŲŃƸżƸŊĪ܉ŏŲĜŧǀģŏŲŃÿŲǣĜŊÿŲŃĪƫƸżƸŊĪ/®GżŧŏĜǣ܉ŏƫƫǀĪƫ żÿƣģżǀƣÿƠƠƣżÿĜŊƸż/®GģĪǜĪŧżƠŏŲŃÿŲģƣĪĜżŰŰĪŲģŏŲŃƸżƸŊĪ • ܔƠƣżǜŏģŏŲŃǀƫǝŏƸŊŃżǜĪƣŲÿŲĜĪŧĪÿģĪƣƫŊŏƠ developing our corporate governance guidelines and principles and • ܔÿƫƫĪƫƫŏŲŃƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣģŏƣĪĜƸżƣƫ • ܔÿŲǣģǀƸŏĪƫŏŰƠżƫĪģżŲƸŊĪĜżŰŰŏƸƸĪĪěǣÿŲǣƫǀĜŊÿƣƣÿŲŃĪŰĪŲƸƫ ÿŲģżǜĪƣƫĪĪŏŲŃƸŊĪŏƣÿģŰŏŲŏƫƸƣÿƸŏżŲÿŲģģŏƫĜŊÿƣŃŏŲŃ܉ܡƸŊĪƣĪǀŲģĪƣ aggregate number of Common Shares to be reserved for issuance ÿŲģƸŊĪܠěÿƫĪģĜżŰƠĪŲƫÿƸŏżŲÿƣƣÿŲŃĪŰĪŲƸƫܫŏŲĜĪŲƸŏǜĪżƣĪƢǀŏƸǣ ÿŰĪŲģŰĪŲƸ żƣ ƸĪƣŰŏŲÿƸŏżŲ żł żǀƣ ܉ÿƠƠƣżǜÿŧ żł ÿŲǣ ÿģżƠƸŏżŲ żÿƣģ ƸŊĪ ƣĪĜżŰŰĪŲģŏŲŃ Ƹż ƸŊĪ ܉ŏł ÿƠƠƣżƠƣŏÿƸĪ ܉ƣĪǜŏĪǝŏŲŃ ÿŲģ • ܔŃÿƸĪƣŏƫŤƫÿƫƫżĜŏÿƸĪģǝŏƸŊżǀƣĜżŰƠĪŲƫÿƸŏżŲƠżŧŏĜŏĪƫÿŲģƠƣÿĜƸŏĜĪƫ establishing policies and procedures designed to identify and miti- • ܔƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸ ƣĪŧÿƸĪģŃżÿŧƫÿŲģżěšĪĜƸŏǜĪƫƣĪŧĪǜÿŲƸƸżƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣ ܫĪƫƸÿěŧŏƫŊŏŲŃ /®G ܉ǝŊĪŲ ÿƠƠƣżƠƣŏÿƸĪ ܉ƠĪƣŏżģŏĜÿŧŧǣ ƣĪǜŏĪǝŏŲŃ ÿŲģ • ܔěÿƫĪģÿǝÿƣģƫܫƠŧÿŲƫŏŲǜżŧǜŏŲŃƫŊÿƣĪŏƫƫǀÿŲĜĪƫÿŲģżƸŊĪƣƫŊÿƣĪ ƸĪƣŰŏŲĜĪŲƸŏǜĪƠŧÿŲƫŏŲĜŧǀģŏŲŃܫÿŲŲǀÿŧÿŲģŧżŲŃ܉ŏŲĜŧǀģŏŲŃƫÿŧÿƣŏĪƫ developing a compensation structure for our senior management • ܔÿŲģƠƣżĜĪƫƫĪƫƣĪŧÿƸŏŲŃƸżżǀƣƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸ maintaining talent management and succession planning systems • ܔŰÿŲÿŃĪŰĪŲƸ ģĪǜĪŧżƠŰĪŲƸ ÿŲģ ƣĪƸĪŲƸŏżŲ żł żǀƣ ƫĪŲŏżƣ ܉ƸŊĪ ƣĪĜƣǀŏƸŰĪŲƸ • ܔżǀƣƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸ ĪǜÿŧǀÿƸŏżŲ ÿŲģ ĜżŰƠĪŲƫÿƸŏżŲ żł ܉ƠĪƣłżƣŰÿŲĜĪ ܉ƸŊĪ ÿƠƠżŏŲƸŰĪŲƸ • ܈żÿƣģŏŲŏƫƸżÿƫƫŏƫƸżǀƣ G żŰŰŏƸƸĪĪܹƫƠǀƣƠżƫĪ®/ޠƠżƫƸĪģżŲżǀƣǝĪěƫŏƸĪ܏ǀƣ żŰƠĪŲƫÿƸŏżŲ our ESG Policy. A copy of our Compensation & ESG Committee charter is żŰŰŏƸƸĪĪĜżŲƫŏƫƸĪŲƸǝŏƸŊżǀƣ żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪGǀŏģĪŧŏŲĪƫÿŲģ G®/ޠÿǀƸŊżƣŏƸǣÿŲģƣĪƫƠżŲƫŏěŏŧŏƸǣżłżǀƣ żŰƠĪŲƫÿƸŏżŲ܉ĜżŰƠżƫŏƸŏżŲ ܉ǝŊŏĜŊƫĪƸƫłżƣƸŊƸŊĪƠǀƣƠżƫĪ܉żÿƣģŊÿƫÿģżƠƸĪģÿǝƣŏƸƸĪŲĜŊÿƣƸĪƣǀƣ Compensation & ESG Committee Charter Statement of Corporate Governance Practices

ڜژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG mendations to the board of directors regarding the adequacy of the Company’s risk management policies and procedures. ¼ŊĪǀģŏƸ żŰŰŏƸƸĪĪƠĪƣłżƣŰƫŏƸƫƣŏƫŤŰÿŲÿŃĪŰĪŲƸżǜĪƣƫŏŃŊƸƸŊƣżǀŃŊƣĪǜŏĪǝżłƸŊĪ żŰƠÿŲǣܹƫŰÿšżƣǿŲÿŲĜŏÿŧƣŏƫŤĪǢƠżƫǀƣĪƫÿŲģŰÿŤŏŲŃƣĪĜżŰ- ܏ĪŲƫǀƣĪƫ¦ŏƫŤrÿŲÿŃĪŰĪŲƸżǜĪƣƫŏŃŊƸŏƫƠĪƣłżƣŰĪģěǣƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ܉ǝŊŏĜŊŏƫÿǜÿŏŧÿěŧĪżŲżǀƣǝĪěƫŏƸĪ܉¼ŊĪǀģŏƸ żŰŰŏƸƸĪĪĜŊÿƣƸĪƣ Audit Committee Charter Whittaker Dawn O’Hagan Peter Chair Audit Committee Allen Susan ܏ żŰŰŏƸƸĪĪSŲłżƣŰÿƸŏżŲܷŏŲƸŊĪSFłżƣłǀƣƸŊĪƣŏŲłżƣŰÿƸŏżŲżŲƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ ÿƫǝĪŧŧÿƫÿŲǀŲģĪƣƫƸÿŲģŏŲŃżłƸŊĪŏŲƸĪƣŲÿŧĜżŲƸƣżŧƫÿŲģƠƣżĜĪģǀƣĪƫŲĪĜĪƫƫÿƣǣłżƣǿŲÿŲĜŏÿŧƣĪƠżƣƸŏŲŃ܏®ĪĪܶǀģŏƸ܉ƸŏżŲżłƫǀĜŊÿĜĜżǀŲƸŏŲŃƠƣŏŲĜŏƠŧĪƫ ŰĪŰěĪƣƫŊÿƫÿŲǀŲģĪƣƫƸÿŲģŏŲŃżłƸŊĪÿĜĜżǀŲƸŏŲŃƠƣŏŲĜŏƠŧĪƫǀƫĪģƸżƠƣĪƠÿƣĪǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫÿŲģǜÿƣŏĪģĪǢƠĪƣŏĪŲĜĪÿƫƸżƸŊĪŃĪŲĪƣÿŧÿƠƠŧŏĜÿ- ÿĜŊżłżǀƣǀģŏƸ żŰŰŏƸƸĪĪ/܏ڌڍڍܫڎڑżÿƣģƸżěĪěżƸŊŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫÿŲģǿŲÿŲĜŏÿŧŧǣŧŏƸĪƣÿƸĪǝŏƸŊŏŲƸŊĪŰĪÿŲŏŲŃżłtSģĪƸĪƣŰŏŲĪģěǣżǀƣ ÿŧŧżłǝŊżŰÿƣĪƠĪƣƫżŲƫ܉ÿǝŲàŊŏƸƸÿŤĪƣÿŲģĪƸĪƣܹNÿŃÿŲ'܉ǀƫÿŲŧŧĪŲ®܈¼ŊĪǀģŏƸ żŰŰŏƸƸĪĪŏƫĜżŰƠżƫĪģżłƸŊĪłżŧŧżǝŏŲŃƸŊƣĪĪģŏƣĪĜƸżƣƫ Composition of the Audit Committee ܏ŧĪŃÿŧÿŲģƣĪŃǀŧÿƸżƣǣƣĪƢǀŏƣĪŰĪŲƸƫÿŲģƸŊĪƠĪƣłżƣŰÿŲĜĪżłƸŊĪ żŰƠÿŲǣܹƫǿŲÿŲĜĪłǀŲĜƸŏżŲƫ ƸŊĪ żŰƠÿŲǣܹƫĜżŰƠŧŏÿŲĜĪǝŏƸŊ܉ƢǀÿŧŏǿĜÿƸŏżŲƫÿŲģŏŲģĪƠĪŲģĪŲĜĪżłƸŊĪŏŲģĪƠĪŲģĪŲƸÿǀģŏƸżƣ܉ƸŊĪƠĪƣłżƣŰÿŲĜĪ܉ŰĪŲƸÿŲģĜżŰƠŧŏÿŲĜĪƠƣÿĜƸŏĜĪƫ ƸŊĪĪǳłĪĜƸŏǜĪŲĪƫƫżłƸŊĪ żŰƠÿŲǣܹƫƣŏƫŤŰÿŲÿŃĪ-܉ƸŊĪĪǳłĪĜƸŏǜĪŲĪƫƫżłƸŊĪ żŰƠÿŲǣܹƫŏŲƸĪƣŲÿŧĜżŲƸƣżŧżǜĪƣǿŲÿŲĜŏÿŧƣĪƠżƣƸŏŲŃ܉ǿŲÿŲĜŏÿŧŏŲłżƣŰÿƸŏżŲ żÿƣģŏŲŏƸƫżǜĪƣƫŏŃŊƸƣżŧĪǝŏƸŊƣĪƫƠĪĜƸƸżƸŊĪƢǀÿŧŏƸǣÿŲģŏŲƸĪŃƣŏƸǣżłżÿƣģŊÿƫłżƣŰĪģÿŲǀģŏƸ żŰŰŏƸƸĪĪƸŊÿƸŏƫĜŊÿƣŃĪģǝŏƸŊÿƫƫŏƫƸŏŲŃƸŊĪǀƣ AUDIT COMMITTEE Statement of Corporate Governance Practices

ڝژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG of the Company. ƠƣżǜŏģĪģƸŊÿƸƫǀĜŊģŏƣĪĜƸżƣŲżŰŏŲĪĪŏƫŲżƸÿŲżǳǿĜĪƣܔǀģŏƸ żŰŰŏƸƸĪĪ żƸŊĪƣƸŊÿŲƸŊĪ܉żÿƣģżŲĪģŏƣĪĜƸżƣƸżƫĪƣǜĪżŲĪÿĜŊĜżŰŰŏƸƸĪĪżłƸŊĪ ®ŊÿƣĪŊżŧģĪƣƫÿŲģƸŊĪŏƣƠĪƣŰŏƸƸĪģÿǳǿŧŏÿƸĪƫǝŏŧŧěĪĪŲƸŏƸŧĪģƸżŲżŰŏŲÿƸĪ ƸŊĪ ƣŏŲĜŏƠÿŧ ܉ܡģŏŧǀƸĪģ ěÿƫŏƫܫżŲ ÿ ŲżŲܠ żǀƸƫƸÿŲģŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ żłżǀƣބڌڍĜżŲƸƣżŧżƣģŏƣĪĜƸŲżƸŧĪƫƫƸŊÿŲ܉żǝŲ܉ÿƫÿŃƣżǀƠ܉ƸĪģÿǳǿŧŏÿƸĪƫ łżƣƫżŧżŲŃÿƫƸŊĪƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫÿŲģƸŊĪŏƣƠĪƣŰŏƸ-܉SŲÿģģŏƸŏżŲ ܏ģŏģÿƸĪÿƫÿģŏƣĪĜƸżƣÿƫƫżżŲÿƫƠżƫƫŏěŧĪÿǽƸĪƣŊŏƫżƣŊĪƣŲżŰŏŲÿƸŏżŲ żÿƣģǝŏŧŧÿƠƠżŏŲƸƸŊÿƸƣĪƠŧÿĜĪŰĪŲƸĜÿŲ-ÿŲģƸŊĪ܉ģĪƠÿƣƸŏŲŃģŏƣĪĜƸżƣ ǝŊŏĜŊĪǜĪƣ ŲżŰŏŲÿƸĪģ ƸŊĪ ܉G żŰŰŏƸƸĪĪ®/ ޠ żƣ ƸŊĪ żŰƠĪŲƫÿƸŏżŲ ܡŏŲĜŧǀģŏŲŃ ƸŊĪŏƣ ƠĪƣŰŏƸƸĪģ ÿǳǿŧŏÿƸĪƫܠ ěǣ ƸŊĪ ƣŏŲĜŏƠÿŧ ®ŊÿƣĪŊżŧģĪƣƫ ƸŊĪŲÿƣĪƠŧÿĜĪŰĪŲƸǝŏŧŧěĪŲżŰŏŲÿƸĪģ܉żÿƣģÿƣŏƫĪƫSłÿǜÿĜÿŲĜǣżŲƸŊĪ diluted basis). ܫżŲ ÿ ŲżŲܠ żł żǀƣ żǀƸƫƸÿŲģŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ ބڌڍ ŧĪƫƫ ƸŊÿŲ ĜżŲƸƣżŧ żƣ ģŏƣĪĜƸ ܉żǝŲ ܉ÿƫ ÿ ŃƣżǀƠ ܉ÿŲģ ƸŊĪŏƣ ƠĪƣŰŏƸƸĪģ ÿǳǿŧŏÿƸĪƫ • none of the Company’s directors once the Principal Shareholders ÿŲģܔܡěÿƫŏƫ ģŏŧǀƸĪģܫżŲÿŲżŲܠżłżǀƣżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫބڌڍŧĪƫƫƸŊÿŲ ěǀƸŲżƸބڌڎĜżŲƸƣżŧżƣģŏƣĪĜƸŧĪƫƫƸŊÿŲ܉żǝŲ܉ÿƫÿŃƣżǀƠ܉ÿǳǿŧŏÿƸĪƫ director) once the Principal Shareholders and their permitted ƣżǀŲģĪģ ǀƠ Ƹż ƸŊĪ ŲĪǢƸ ǝŊżŧĪܠ żł ƸŊĪ żŰƠÿŲǣܹƫ ģŏƣĪĜƸżƣƫ ބڌڍ • ܔܡģŏŧǀƸĪģěÿƫŏƫ ܫżŲ ÿ ŲżŲܠ żł żǀƣ żǀƸƫƸÿŲģŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ ބڌڎ ŧĪƫƫ ƸŊÿŲ ěǀƸŲżƸބڌڏĜżŲƸƣżŧżƣģŏƣĪĜƸŧĪƫƫƸŊÿŲ܉żǝŲ܉ÿƫÿŃƣżǀƠ܉ÿǳǿŧŏÿƸĪƫ director) once the Principal Shareholders and their permitted ƣżǀŲģĪģ ǀƠ Ƹż ƸŊĪ ŲĪǢƸ ǝŊżŧĪܠ żł ƸŊĪ żŰƠÿŲǣܹƫ ģŏƣĪĜƸżƣƫ ބڌڎ • ܔܡģŏŧǀƸĪģěÿƫŏƫ ܫżŲÿŲżŲܠżłżǀƣżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫބڌڏŲżƸŧĪƫƫƸŊÿŲ ěǀƸ ބڌڐ ĜżŲƸƣżŧ żƣ ģŏƣĪĜƸ ŧĪƫƫ ƸŊÿŲ ܉żǝŲ ܉ÿƫ ÿ ŃƣżǀƠ ܉ÿǳǿŧŏÿƸĪƫ director) once the Principal Shareholders and their permitted ƣżǀŲģĪģ ǀƠ Ƹż ƸŊĪ ŲĪǢƸ ǝŊżŧĪܠ żł ƸŊĪ żŰƠÿŲǣܹƫ ģŏƣĪĜƸżƣƫ ބڌڏ • ܔܡģŏŧǀƸĪģěÿƫŏƫ ܫżŲ ÿ ŲżŲܠ żł żǀƣ żǀƸƫƸÿŲģŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ ބڌڐ ŧĪƫƫ ƸŊÿŲ ěǀƸŲżƸބڌڑĜżŲƸƣżŧżƣģŏƣĪĜƸŧĪƫƫƸŊÿŲ܉żǝŲ܉ÿƫÿŃƣżǀƠ܉ÿǳǿŧŏÿƸĪƫ director) once the Principal Shareholders and their permitted ƣżǀŲģĪģ ǀƠ Ƹż ƸŊĪ ŲĪǢƸ ǝŊżŧĪܠ żł ƸŊĪ żŰƠÿŲǣܹƫ ģŏƣĪĜƸżƣƫ ބڌڐ • ܈ƠƣżǜŏģĪģƸŊÿƸƸŊŏƫƠĪƣĜĪŲƸÿŃĪǝŏŧŧěĪƣĪģǀĜĪģƸż ܉ܡģŏŧǀƸĪģěÿƫŏƫܫżŲÿŲżŲܠƸŊĪ żŰƠÿŲǣܹƫżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫ żłބڌڑĜżŲƸƣżŧżƣģŏƣĪĜƸÿƸŧĪÿƫƸ܉żǝŲ܉ÿƫÿŃƣżǀƠ܉ƠĪƣŰŏƸƸĪģÿǳǿŧŏÿƸĪƫ ƫżŧżŲŃÿƫƸŊĪƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫÿŲģƸŊĪŏƣܡƸŊĪŲĪǢƸǝŊżŧĪŲǀŰěĪƣ ƣżǀŲģĪģǀƠƸżܠżłƸŊĪ żŰƠÿŲǣܹƫģŏƣĪĜƸżƣƫބڌڑƸŊĪƣŏŃŊƸƸżŲżŰŏŲÿƸĪ ƠƣżǜŏģĪƫƸŊĪƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫÿŲģƸŊĪŏƣƠĪƣŰŏƸƸĪģÿǳǿŧŏÿƸĪƫǝŏƸŊ Investor Rights Agreement”)“ܠ ƠÿŲǣ ÿŲģ ƸŊĪ ƣŏŲĜŏƠÿŧ ®ŊÿƣĪŊżŧģĪƣƫ ěĪƸǝĪĪŲƸŊĪ żŰ-ڍڎڌڎ܉ڒڎ¼ŊĪŏŲǜĪƫƸżƣƣŏŃŊƸƫÿŃƣĪĪŰĪŲƸģÿƸĪģrÿǣ NOMINATION RIGHTS resignation is considered. G żŰŰŏƸƸĪĪÿƸǝŊŏĜŊƸŊĪ®/ޠżÿƣģżƣżǀƣ żŰƠĪŲƫÿƸŏżŲŏŲŃżłżǀƣ ƠǀƣƫǀÿŲƸƸżƸŊĪrÿšżƣŏƸǣßżƸŏŲŃżŧŏĜǣǝŏŧŧŲżƸƠÿƣƸŏĜŏƠÿƸĪŏŲÿŲǣŰĪĪƸ- ƸŊĪŰĪĪƸŏŲŃżłżǀƣƫŊÿƣĪŊżŧģĪƣƫ܏ģŏƣĪĜƸżƣǝŊżƸĪŲģĪƣƫÿƣĪƫŏŃŲÿƸŏżŲ ģÿǣƫłżŧŧżǝŏŲŃڌڕģĪĜŏƫŏżŲÿŲģÿŲŲżǀŲĜĪŏƸŏŲÿƠƣĪƫƫƣĪŧĪÿƫĪǝŏƸŊŏŲ żÿƣģǝŏŧŧŰÿŤĪŏƸƫÿŲĜĪżłƸŊĪƣĪƫŏŃŲÿƸŏżŲżƣšǀƫƸŏłǣƣĪšĪĜƸŏŲŃŏƸ܏ǀƣ that there are exceptional circumstances that should delay the accept- ܉G żŰŰŏƸƸĪĪ®/ޠŏŲĜżŲƫǀŧƸÿƸŏżŲǝŏƸŊżǀƣ żŰƠĪŲƫÿƸŏżŲ܉ģĪƸĪƣŰŏŲĪƫ żÿƣģǝŏŧŧƠƣżŰƠƸŧǣÿĜĜĪƠƸƸŊĪƣĪƫŏŃŲÿƸŏżŲǀŲŧĪƫƫŏƸƸżÿĜĜĪƠƸŏƸ܏ǀƣ żÿƣģǝŊĪƸŊĪƣżƣŲżƸƫǀĜŊżǳłĪƣÿŲģŰÿŤĪÿƣĪĜżŰŰĪŲģÿƸŏżŲƸżżǀƣ G żŰŰŏƸƸĪĪǝŏŧŧĜżŲƫŏģĪƣ®/ޠG żŰŰŏƸƸĪĪ܏ǀƣ żŰƠĪŲƫÿƸŏżŲ®/ޠ ƣĪĜĪŏǜĪģěǣƸŊĪ ŊÿŏƣǝŏŧŧěĪƠƣżŰƠƸŧǣƣĪłĪƣƣĪģƸżƸŊĪ żŰƠĪŲƫÿƸŏżŲ żł ƫŊÿƣĪŊżŧģĪƣƫ ÿƸ ǝŊŏĜŊ ƸŊĪ ģŏƣĪĜƸżƣ ǝÿƫ ĪŧĪĜƸĪģ܏ Ųǣ ƣĪƫŏŃŲÿƸŏżŲ Ŋŏƫ żƣ ŊĪƣ ƣĪƫŏŃŲÿƸŏżŲ Ƹż ƸŊĪ Ŋÿŏƣ ƠƣżŰƠƸŧǣ łżŧŧżǝŏŲŃ ƸŊĪ ŰĪĪƸŏŲŃ ƸŊĪ ŲżŰŏŲĪĪ ƫŊÿŧŧ ƸĪŲģĪƣ ܉ƸŊĪ ĪŧĪĜƸŏżŲ żł ģŏƣĪĜƸżƣƫ ěǣ ƫŊÿƣĪŊżŧģĪƣƫ ÿŃƣĪÿƸĪƣŲǀŰěĪƣżłǜżƸĪƫܶłżƣܷƸŊÿŲǜżƸĪƫܶǝŏƸŊŊĪŧģܷǝŏƸŊƣĪƫƠĪĜƸƸż provides that if a nominee for election as a director does not receive ǝŊŏĜŊܡ”ƸŊĪ“Majority Voting PolicyܠÿģżƠƸĪģÿŰÿšżƣŏƸǣǜżƸŏŲŃƠżŧŏĜǣ żÿƣģŊÿƫƸŊĪ܉ǿģĪŲĜĪÿŲģƫǀƠƠżƣƸżłżǀƣƫŊÿƣĪŊżŧģĪƣƫ܏¼żƸŊŏƫĪŲģ żÿƣģ ěĪŧŏĪǜĪƫ ƸŊÿƸ ĪÿĜŊ żł ŏƸƫ ŰĪŰěĪƣƫ ƫŊżǀŧģ Ĝÿƣƣǣ ƸŊĪ ĜżŲ- ǀƣ MAJORITY VOTING POLICY ܏żÿƣģƣĪŧÿƸŏǜĪŧǣƫŰÿŧŧƫŏǭĪżłƸŊĪ discussion among the independent directors is facilitated by the three such meetings of independent directors in 2021. Open and candid żÿƣģŰĪĪƸŏŲŃ܏¼ŊĪƣĪǝĪƣĪÿƸĪÿĜŊƣĪŃǀŧÿƣŧǣƫĜŊĪģǀŧĪģ܉ƸżƣƫƠƣĪƫĪŲƸ ŏŲģĪƠĪŲģĪŲƸ ģŏƣĪĜ-ܫǝŏƸŊżǀƸ ŰĪŰěĪƣƫ żł ŰÿŲÿŃĪŰĪŲƸ ÿŲģ ƸŊĪ ŲżŲ żÿƣģŊĪŧģin camera meetingsƸŊĪŏŲģĪƠĪŲģĪŲƸŰĪŰěĪƣƫżłżǀƣ܉ŰĪŲƸ ĜżŲƸŏŲǀĪƸżģżƫżŃżŏŲŃłżƣǝÿƣģ܏¼żĪŲŊÿŲĜĪƫǀĜŊŏŲģĪƠĪŲģĪŲƸšǀģŃ- ŏŲģĪƠĪŲģĪŲƸ šǀģŃŰĪŲƸ ŏŲ ĜÿƣƣǣŏŲŃ żǀƸ ŏƸƫ ƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ ÿŲģ ǝŏŧŧ ŏƸŏƫÿěŧĪƸżłÿĜŏŧŏƸÿƸĪ܉ƸŊÿƸÿŰÿšżƣŏƸǣżłżǀƣģŏƣĪĜƸżƣƫÿƣĪŏŲģĪƠĪŲģĪŲƸ ŏŲĜŧǀģŏŲŃƸŊĪłÿĜƸ܉żÿƣģěĪŧŏĪǜĪƫƸŊÿƸŃŏǜĪŲŏƸƫƫŏǭĪÿŲģƫƸƣǀĜƸǀƣĪǀƣ MEETINGS OF INDEPENDENT DIRECTORS ܏ڌڍڍܫڎڑżłtSڐ܏ڍŏƫŏŲģĪƠĪŲģĪŲƸǝŏƸŊŏŲƸŊĪŰĪÿŲŏŲŃżłƫĪĜƸŏżŲ ÿǝŲàŊŏƸƸÿŤĪƣ'܉żÿƣģĜżŲƫŏģĪƣĪģƸżěĪŏŲģĪƠĪŲģĪŲƸ܏¼ŊĪ Ŋÿŏƣżłżǀƣ żÿƣģŊÿƫģĪƸĪƣŰŏŲĪģƸŊÿƸrÿƣŤ ŏĜŏƣĪŧŧŏǝŏŧŧŲżƸěĪżǀƣ܉®ŊÿƣĪŊżŧģĪƣƫ ÿŲģrÿƣŤ ŏĜŏƣĪŧŧŏŏƫÿŲĪŰƠŧżǣĪĪżłÿŲÿǳǿŧŏÿƸĪģĪŲƸŏƸǣżłƸŊĪƣŏŲĜŏƠÿŧ ƸŊĪƣŏŲĜŏƠÿŧ®ŊÿƣĪŊżŧģĪƣƫŊżŧģÿŰÿšżƣŏƸǣżłżǀƣżǀƸƫƸÿŲģŏŲŃƫŊÿƣĪƫ ĪĜÿǀƫĪ ܏żÿƣģ ÿƫ ŊĪ ŏƫ ƸŊĪ ŊŏĪł /ǢĪĜǀƸŏǜĪ ǳǿĜĪƣ żł ƸŊĪ żŰƠÿŲǣ ǝŏƸŊ ǀƫ܏ ®ŊÿǀŲ ÃƫŰÿƣ ŏƫ ŲżƸ ĜżŲƫŏģĪƣĪģ Ƹż ěĪ ŏŲģĪƠĪŲģĪŲƸ ěǣ ƸŊĪ ÿƠƠŧŏĜÿěŧĪƫĪĜǀƣŏƸŏĪƫŧÿǝƫÿƫÿƣĪƫǀŧƸżłƸŊĪŏƣƣĪƫƠĪĜƸŏǜĪƣĪŧÿƸŏżŲƫŊŏƠƫ rÿƣŤ ŏĜŏƣĪŧŧŏÿƣĪŲżƸĜżŲƫŏģĪƣĪģܶŏŲģĪƠĪŲģĪŲƸܷǝŏƸŊŏŲƸŊĪŰĪÿŲŏŲŃżł ŊÿǀŲÃƫŰÿƣÿŲģ®܉żÿƣģżłƸŊĪƫĪǜĪŲģŏƣĪĜƸżƣƫżŲżǀƣ܉ģĪƸĪƣŰŏŲĪģƸŊÿƸ żÿƣģ Ŋÿƫ żǀƣ ܉żƣ ŊĪƣ ěÿĜŤŃƣżǀŲģ ÿŲģ ĪŰƠŧżǣŰĪŲƸ ÿŲģ ÿǳǿŧŏÿƸŏżŲƫ ÿƫĪģżŲŏŲłżƣŰÿƸŏżŲƠƣżǜŏģĪģěǣĪÿĜŊģŏƣĪĜƸżƣĜżŲĜĪƣŲŏŲŃŊŏƫ܏ŰĪŲƸ ƣĪÿƫżŲÿěŧǣĪǢƠĪĜƸĪģƸżŏŲƸĪƣłĪƣĪǝŏƸŊÿģŏƣĪĜƸżƣܹƫŏŲģĪƠĪŲģĪŲƸšǀģŃ- ěĪ܉żÿƣģŏŲƸŊĪǜŏĪǝżłżǀƣ܉ģŏƣĪĜƸżƣŏŲģŏƣĪĜƸƣĪŧÿƸŏżŲƫŊŏƠǝŊŏĜŊĜżǀŧģ ÿŲŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣŏƫÿģŏƣĪĜƸżƣǝŊżŏƫłƣĪĪłƣżŰÿŲǣ܉ڌڍڍܫڎڑżłtS ڐ܏ڍǀƣƫǀÿŲƸƸżƫĪĜƸŏżŲ܏ܡ”NI 52-110“ܠǀģŏƸ żŰŰŏƸƸĪĪƫܨڌڍڍܫڎڑŰĪŲƸ żłtÿƸŏżŲÿŧSŲƫƸƣǀ-ڐ܏ڍŏƫŏŲģĪƠĪŲģĪŲƸǝŏƸŊŏŲƸŊĪŰĪÿŲŏŲŃżłƫĪĜƸŏżŲ ÿģŏƣĪĜƸżƣŏƫĜżŲƫŏģĪƣĪģƸżěĪŏŲģĪƠĪŲģĪŲƸŏłŊĪżƣƫŊĪ܉ڍڌڍܫڔڑÃŲģĪƣtS DIRECTOR INDEPENDENCE Statement of Corporate Governance Practices

ڞژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƫÿłĪŃǀÿƣģƫǝŊĪƣĪŲĪĜĪƫƫÿƣǣƸżƠƣżƸĪĜƸżǀƣŏŲǜĪƫƸŰĪŲƸƫÿŲģƣĪƠǀƸÿƸŏżŲ into Triple Flag-originated investment agreements and exercise those ÿŲģŏŲĜżƣƠżƣÿƸĪ/®GƫÿłĪŃǀÿƣģƫܔŰÿŤŏŲŃƠƣżĜĪƫƫܫŏŲǜĪƫƸŰĪŲƸģĪĜŏƫŏżŲ ŏŲƸĪŃƣÿƸĪ ƸŊĪ ƣĪƫǀŧƸƫ żł ƸŊĪ /®G ģǀĪ ģŏŧŏŃĪŲĜĪ ŏŲƸż żǀƣ ܔܡܡ”UNGC“ܠ ĜżŰŰŏƸŰĪŲƸ ÿƫ ÿ ƫŏŃŲÿƸżƣǣ Ƹż ƸŊĪ ÃŲŏƸĪģ tÿƸŏżŲƫ Gŧżěÿŧ żŰƠÿĜƸ ÿƫŏƫĪƫƸÿěŧŏƫŊĪģłǀƣƸŊĪƣƸżżǀƣܠżǀƣ®ǀƫƸÿŏŲÿěŧĪ'ĪǜĪŧżƠŰĪŲƸGżÿŧƫ ĪǜÿŧǀÿƸĪ ǝŊĪƸŊĪƣ ĜżǀŲƸĪƣƠÿƣƸǣ ÿĜƸŏżŲƫ ÿƣĪ ŏŲ ƫǀƠƠżƣƸ żł ÿĜŊŏĪǜŏŲŃ ܔÿĜƢǀŏƫŏƸŏżŲ ģǀĪ ģŏŧŏŃĪŲĜĪ żŲ ÿ ƣÿŲŃĪ żł /®G ÿƫƠĪĜƸƫܫŏŲƸĪŲƫŏǜĪ ƠƣĪ ƠĪƣłżƣŰ܈ǝŏƸŊżǀƣżǝŲ܏¼ŊĪ/®GżŧŏĜǣĪƫƸÿěŧŏƫŊĪƫżǀƣĜżŰŰŏƸŰĪŲƸƸż ŏŲǜĪƫƸŏŲżƠƠżƣƸǀŲŏƸŏĪƫǝŊĪƣĪżǀƣżƠĪƣÿƸŏŲŃƠÿƣƸŲĪƣƫܹǜÿŧǀĪƫÿƣĪÿŧŏŃŲĪģ żÿƣģ Ŋÿƫ ÿģżƠƸĪģ ÿŲ /®G ƠżŧŏĜǣ Ƹż ĪŲƫǀƣĪ ƸŊÿƸ ǝĪ ĜżŲƸŏŲǀĪƸż żǀƣ ܉ƸżŧżĜÿŧĜżŰŰǀŲŏƸŏĪƫÿŲģÿěƣżÿģƣÿŲŃĪżłƫƸÿŤĪŊżŧģĪƣƫ܏¼żƸŊÿƸĪŲģ ÿŲģěĪŲĪǿƸƫÿĜĜƣǀĪܔŊǀŰÿŲƣŏŃŊƸƫÿƣĪƣĪƫƠĪĜƸĪģܔÿŃĪģÿŲģŰŏƸŏŃÿƸĪģ ŰÿŲ-܉ƫżĜŏÿŧŏŰƠÿĜƸƫÿƣĪŏģĪŲƸŏǿĪģܔƫÿłĪƸǣÿŲģƸŊĪĪŲǜŏƣżŲŰĪŲƸ܉ŊĪÿŧƸŊ ŏŲǜĪƫƸ ŏŲ ÿƣĪ ģĪǜĪŧżƠĪģ ÿŲģ żƠĪƣÿƸĪģ ƣĪƫƠżŲƫŏěŧǣ Ƹż ƠƣżƸĪĜƸ ǝżƣŤĪƣ ƠĪƣłżƣŰÿŲĜĪ ŊĪŧƠƫ ĪŲƫǀƣĪ ƸŊÿƸ ƸŊĪ ŰŏŲĪƫ ÿŲģ ƠƣżšĪĜƸƫ ǝĪ ܡ”ESG“ܠ żĜŏÿŧÿŲģGżǜĪƣŲÿŲĜĪ®܉ŏƸŏĪƫ܏àĪěĪŧŏĪǜĪƸŊÿƸżƠƸŏŰÿŧ/ŲǜŏƣżŲŰĪŲƸÿŧ ƸŊĪŰŏŲŏŲŃŏŲģǀƫƸƣǣÿŲģŊżƫƸĜżŰŰǀŲ-܉ƫǀĜĜĪƫƫżłżǀƣżƣŃÿŲŏǭÿƸŏżŲ ƸĪƣŰܫàĪěĪŧŏĪǜĪƫƸƣżŲŃƫǀƫƸÿŏŲÿěŧĪƠĪƣłżƣŰÿŲĜĪŏƫĜƣŏƸŏĜÿŧƸżƸŊĪŧżŲŃ ESG grams relating to the committee’s mandate. for coordinating orientation and continuing director development pro- business remains current. The chair of each committee is responsible ģŏƣĪĜƸżƣƫÿŲģƸżĪŲƫǀƣĪƸŊÿƸƸŊĪŏƣŤŲżǝŧĪģŃĪÿŲģǀŲģĪƣƫƸÿŲģŏŲŃżłżǀƣ cation designed to maintain or enhance the skills and abilities of the żÿƣģŏƫƣĪƫƠżŲƫŏěŧĪłżƣżǜĪƣƫĪĪŏŲŃģŏƣĪĜƸżƣĜżŲƸŏŲǀŏŲŃĪģǀ-ŰÿŤĪ܏ǀƣ ÿŲģƸŊĪĜżŲƸƣŏěǀƸŏżŲƸŊÿƸÿŲŏŲģŏǜŏģǀÿŧģŏƣĪĜƸżƣŏƫĪǢƠĪĜƸĪģƸż܉ŰŏƸƸĪĪƫ żÿƣģÿŲģŏƸƫĜżŰ-ƸŊĪƣżŧĪżłżǀƣ܉żłƸŊĪ żŰƠÿŲǣÿŲģżǀƣěǀƫŏŲĪƫƫ prehensive orientation and education as to the nature and operation ŰÿŲÿŃĪŰĪŲƸÿŲģżǀƣƫĪĜƣĪƸÿƣǣ܏tĪǝģŏƣĪĜƸżƣƫÿƣĪƠƣżǜŏģĪģǝŏƸŊĜżŰ- ŰĪŰěĪƣƫ żł ƫĪŲŏżƣ܉ǀŲģĪƣ ǝŊŏĜŊ ŲĪǝ ģŏƣĪĜƸżƣƫ ŰĪĪƸ ǝŏƸŊ ƸŊĪ Ŋÿŏƣ ǀƣěżÿƣģŊÿƫŏŰƠŧĪŰĪŲƸĪģÿŲżƣŏĪŲƸÿƸŏżŲƠƣżŃƣÿŰłżƣŲĪǝģŏƣĪĜƸżƣƫ ORIENTATION AND CONTINUING EDUCATION ܏ĜÿƸŏŲŃǝŏƸŊżǀƣƫŊÿƣĪŊżŧģĪƣƫÿŲģƣĪŃǀŧÿƸżƣƫ consideration and supervising day-to-day management and communi- żÿƣģłżƣƠżƣƸƫƸŊĪƫƸƣÿƸĪŃŏĜƠŧÿŲÿŲģƣĪĜżŰŰĪŲģŏŲŃƫǀĜŊƠŧÿŲƸżżǀƣ the development of an annual corporate plan and budget that sup- ĪŲƫǀƣŏŲŃ܉żÿƣģłżƣĜżŲƫŏģĪƣÿƸŏżŲÿŲģƣĪĜżŰŰĪŲģŏŲŃƫǀĜŊƠŧÿŲƸżżǀƣ ĪŲƫǀƣŏŲŃ ƸŊĪ ģĪǜĪŧżƠŰĪŲƸ żł ÿ ƫƸƣÿƸĪŃŏĜ ƠŧÿŲ ܉ŏŲŃ żǜĪƣÿŧŧ ŧĪÿģĪƣƫŊŏƠ ÿŰżŲŃżƸŊĪƣģǀƸŏĪƫŏŲƣĪŧÿƸŏżŲƸżƠƣżǜŏģ-܉ŏŲĜŧǀģŏŲŃ܉/ǢĪĜǀƸŏǜĪǳǿĜĪƣ /ǢĪĜǀƸŏǜĪǳǿĜĪƣǝŊŏĜŊƫĪƸƫżǀƸƸŊĪŤĪǣƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫżłżǀƣ ŊŏĪł żÿƣģ Ŋÿƫ ÿģżƠƸĪģ ÿ ǝƣŏƸƸĪŲ ƠżƫŏƸŏżŲ ģĪƫĜƣŏƠƸŏżŲ łżƣ żǀƣ ŊŏĪł ǀƣ ܏ƸŊĪĪǳłĪĜƸŏǜĪłǀŲĜƸŏżŲŏŲŃżłƸŊĪĜżŰŰŏƸƸĪĪ܉ŃƣĪÿƸĪƫƸĪǢƸĪŲƸƠżƫƫŏěŧĪ ƸżƸŊĪ܉ŏŲŃǝŏƸŊƸŊĪƣĪƫƠĪĜƸŏǜĪĜżŰŰŏƸƸĪĪÿŲģŰÿŲÿŃĪŰĪŲƸƸżĪŲƫǀƣĪ ĜŊÿŏƣŏŲŃĜżŰŰŏƸƸĪĪŰĪĪƸŏŲŃƫÿŲģǝżƣŤ-܉ĜżŰŰŏƸƸĪĪŰĪĪƸŏŲŃÿŃĪŲģÿƫ ģǀƸŏĪƫ ƣĪŧÿƸŏŲŃ Ƹż ƫĪƸƸŏŲŃ ܉ÿŰżŲŃ żƸŊĪƣƫ ܉ŏŲĜŧǀģŏŲŃ ܉ƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ ĜżŰŰŏƸƸĪĪ ĜŊÿŏƣƫ ǝŊŏĜŊ ƫĪƸƫ żǀƸ ĪÿĜŊ żł ƸŊĪ ĜżŰŰŏƸƸĪĪ ĜŊÿŏƣܹƫ ŤĪǣ żÿƣģŊÿƫÿģżƠƸĪģÿǝƣŏƸƸĪŲƠżƫŏƸŏżŲģĪƫĜƣŏƠƸŏżŲłżƣĪÿĜŊżłżǀƣǀƣ ܏żǀƣƫŊÿƣĪŊżŧģĪƣƫÿŲģƣĪŃǀŧÿƸżƣƫ܏®ĪĪܶ żŲǵŧŏĜƸƫżłSŲƸĪƣĪƫƸܷ ģŏƣĪĜƸżƣģĪǜĪŧżƠŰĪŲƸÿŲģĜżŰŰǀŲŏĜÿƸŏŲŃǝŏƸŊ܉ƫŊÿƣĪŊżŧģĪƣŰĪĪƸŏŲŃƫ żÿƣģÿŲģĜŊÿŏƣŏŲŃ܉żÿƣģŰĪĪƸŏŲŃÿŃĪŲģÿƫģǀƸŏĪƫƣĪŧÿƸŏŲŃƸżƫĪƸƸŏŲŃ ܉ÿŰżŲŃżƸŊĪƣƫ܉ŏŲĜŧǀģŏŲŃ܉ǝŊŏĜŊƫĪƸƫżǀƸƸŊĪ ŊÿŏƣܹƫŤĪǣƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ ܉żÿƣģ Ŋÿƫ ÿģżƠƸĪģ ÿ ǝƣŏƸƸĪŲ ƠżƫŏƸŏżŲ ģĪƫĜƣŏƠƸŏżŲ łżƣ ƸŊĪ Ŋÿŏƣ ǀƣ ܏ƠĪƣŰŏƸƫŊÿƣĪŊżŧģĪƣłĪĪģěÿĜŤżŲŰÿƸĪƣŏÿŧŏƫƫǀĪƫܡŏŏŏܠ ÿŲģ ܉ƸŊÿƸ żǀƣ ěǀƫŏŲĪƫƫ ŏƫ ĜżŲģǀĜƸĪģ ĪƸŊŏĜÿŧŧǣ ÿŲģ ǝŏƸŊ ŊżŲĪƫƸǣ ĪŲƫǀƣĪܡŏŏܠ܉ĪŲƫǀƣĪĜżŰƠŧŏÿŲĜĪǝŏƸŊÿƠƠŧŏĜÿěŧĪŧÿǝƫܡŏܠģĪƫŏŃŲĪģƸż • ÿģżƠƸŏŲŃ ÿŲģ ƠĪƣŏżģŏĜÿŧŧǣ ƣĪǜŏĪǝŏŲŃ ƠżŧŏĜŏĪƫ ÿŲģ ƠƣżĜĪģǀƣĪƫ ÿŲģܔÿƠƠƣżǜŏŲŃĜĪƣƸÿŏŲƣĪŃǀŧÿƸżƣǣǿŧŏŲŃƫ • ܔÿŲģƠƣżĜĪģǀƣĪƫ ŏŲƸĪƣŲÿŧ ĜżŲƸƣżŧƫ żǜĪƣ ǿŲÿŲĜŏÿŧ ƣĪƠżƣƸŏŲŃ ÿŲģ ģŏƫĜŧżƫǀƣĪ ĜżŲƸƣżŧƫ ŰżŲŏƸżƣŏŲŃ ƸŊĪ ÿģĪƢǀÿĜǣ ÿŲģ ĪǳłĪĜƸŏǜĪŲĪƫƫ żł żǀƣ ƫǣƫƸĪŰ żł • ܔŰÿŲÿŃĪŰĪŲƸÿŲģƫǀĜĜĪƫƫŏżŲƠŧÿŲŲŏŲŃ ĪǜÿŧǀÿƸŏżŲÿŲģģĪǜĪŧżƠŰĪŲƸżłƫĪŲŏżƣ܉ƫǀƠĪƣǜŏƫŏżŲ܉ÿƠƠżŏŲƸŰĪŲƸ • ܔŰÿŲÿŃĪŰĪŲƸƠżŧŏĜŏĪƫÿŲģƠƣżĜĪģǀƣĪƫ adopting a strategic planning process and implementing risk • ܔÿƠƠżŏŲƸŏŲŃƸŊĪ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ • ܈ƸŊÿƸŏŲĜŧǀģĪƫƸŊĪłżŧŧżǝŏŲŃģǀƸŏĪƫÿŲģżěŧŏŃÿƸŏżŲƫ܉ƠƠĪŲģŏǢ ƫĪƸłżƣƸŊŏŲ܉żÿƣģŊÿƫÿģżƠƸĪģÿłżƣŰÿŧŰÿŲģÿƸĪƸżŰÿŲÿŃĪŰĪŲƸ܏ǀƣ ŏŲĜŧǀģŏŲŃƠƣżǜŏģŏŲŃŃǀŏģÿŲĜĪÿŲģƫƸƣÿƸĪŃŏĜżǜĪƣƫŏŃŊƸ܉ŲĪƫƫÿŲģÿǳłÿŏƣƫ żÿƣģŏƫƣĪƫƠżŲƫŏěŧĪłżƣƫǀƠĪƣǜŏƫŏŲŃƸŊĪŰÿŲÿŃĪŰĪŲƸżłżǀƣěǀƫŏ-ǀƣ MANDATE OF OUR BOARD ܏żÿƣģ܏®ĪĪÿŧƫżܶ'ŏǜĪƣƫŏƸǣܷÿŲģƣĪƠżƣƸƫĪǜÿŧǀÿƸŏżŲƣĪƫǀŧƸƫƸżżǀƣ ܉ŊĪƣżƣŏƸƫĪǳłĪĜƸŏǜĪŲĪƫƫÿŲģƠĪƣłżƣŰÿŲĜĪ܉ĪÿĜŊģŏƣĪĜƸżƣƣĪŃÿƣģŏŲŃŊŏƫ ĪÿĜŊĜżŰŰŏƸƸĪĪÿŲģ܉żÿƣģģǀĜƸƫÿƠƣżĜĪƫƫłżƣƸŊĪÿƫƫĪƫƫŰĪŲƸżłżǀƣ G żŰŰŏƸƸĪĪ ÿŧƫż ĜżŲ-®/ ޠ żǜĪƣÿŧŧ ƫƸĪǝÿƣģƫŊŏƠ܏ ǀƣ żŰƠĪŲƫÿƸŏżŲ ƸŊĪěĪƫƸŰŏǢżłƫŤŏŧŧƫÿŲģĪǢƠĪƣŏĪŲĜĪƸżƠƣżǜŏģĪłżƣżǀƣ܉żÿƣģżłżǀƣ ŏŲƸŊĪšǀģŃŰĪŲƸ܉żÿƣģŏŲÿǝÿǣƸŊÿƸƠƣżǜŏģĪƫƸŊĪĜżŰƠżƫŏƸŏżŲżłżǀƣ żÿƣģƫĪĪŤƫƸżŰÿŏŲƸÿŏŲG żŰŰŏƸƸĪĪżłżǀƣ®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ ܉ƣĪŧÿƸĪģƣĪƸŏƣĪŰĪŲƸƠżŧŏĜŏĪƫÿŲģżƸŊĪƣŰĪĜŊÿŲŏƫŰƫżłěżÿƣģƣĪŲĪǝÿŧ ܫŰÿŲģÿƸżƣǣ ÿŃĪ ܉ƣĪŲĪǝÿŧ܏ ¦ÿƸŊĪƣ ƸŊÿŲ ÿģżƠƸŏŲŃ łżƣŰÿŧ ƸĪƣŰ ŧŏŰŏƸƫ mandatory retirement ages or other automatic mechanisms of board ܉ģŏƣĪĜƸżƣƸĪƣŰŧŏŰŏƸƫ܉ŲżƣģżĪƫŏƸĜǀƣƣĪŲƸŧǣĜżŲƫŏģĪƣŏƸŲĪĜĪƫƫÿƣǣƸżÿģżƠƸ ܉żÿƣģŊÿƫŲżƸÿģżƠƸĪģżǀƣ܉ÿŃĪÿŲģŃĪŲģĪƣ܏ĜĜżƣģŏŲŃŧǣ܉ŏƸǣŏŲƸĪŲǀƣĪ ĪǜŏģĪŲĜŏŲŃģŏǜĪƣƫ-܉ƫŤŏŧŧƫÿŲģĪǢƠĪƣƸŏƫĪ܉ĪǢƠĪƣŏĪŲĜĪ܉ŰŏǢżłěÿĜŤŃƣżǀŲģ żÿƣģŏƫĜżŰƠżƫĪģżłÿģŏǜĪƣƫĪƣÿŲŃĪżłŏŲģŏǜŏģǀÿŧƫǝŊżƣĪƠƣĪƫĪŲƸÿǀƣ MECHANISMS OF BOARD RENEWAL DIRECTOR TERM LIMITS AND OTHER Statement of Corporate Governance Practices

ڟژ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏rĪƸÿŧƫÿŲģrŏŲŏŲŃ®ƸÿŲģÿƣģܨܡ®®ܠżÿƣģ ǝĪÿŧŏŃŲĪģżǀƣģŏƫĜŧżƫǀƣĪƫǝŏƸŊƸŊĪ®ǀƫƸÿŏŲÿěŏŧŏƸǣĜĜżǀŲƸŏŲŃ®ƸÿŲģÿƣģƫ ܉ŏŲƫǀƠƠżƣƸżłƸŊĪ®ǀƫƸÿŏŲÿěŧĪ'ĪǜĪŧżƠŰĪŲƸGżÿŧƫ܏àŊĪƣĪǝĪǝĪƣĪÿěŧĪ żǀƣ żŰŰǀŲŏĜÿƸŏżŲżŲƣżŃƣĪƫƫłżƣƸŊĪÃŲŏƸĪģtÿƸŏżŲƫGŧżěÿŧ żŰƠÿĜƸ ÿŲģƫĪƣǜĪƫÿƫ܉żƣĪżƠƸŏżŲ ܈ƸÿŲģÿƣģƫ®ܡG¦SܠGŧżěÿŧ¦ĪƠżƣƸŏŲŃSŲŏƸŏÿƸŏǜĪ ÿŲģ ƠĪƣłżƣŰÿŲĜĪ܏ ¼ŊĪ ƣĪƠżƣƸ ǝÿƫ ƠƣĪƠÿƣĪģ ŏŲ ÿĜĜżƣģÿŲĜĪ ǝŏƸŊ ƸŊĪ future plans to continue to strengthen our sustainability management ÿŲģ܉ģÿƸÿÿŲģŏŲłżƣŰÿƸŏżŲżŲżǀƣƠƣŏżƣŏƸǣƫǀƫƸÿŏŲÿěŏŧŏƸǣÿƣĪÿƫżłłżĜǀƫ ÿƠƠƣżÿĜŊÿŲģŃżǜĪƣŲÿŲĜĪłżŧŧżǝŏŲŃżǀƣS܏SƸŏŲĜŧǀģĪƫƠĪƣłżƣŰÿŲĜĪ Sustainability Report presents information on our sustainability ÿŲģ ǝŏŧŧ ĜżŲƸŏŲǀĪ Ƹż ģż ƫż żŲ ÿŲ ÿŲŲǀÿŧ ěÿƫŏƫ ŃżŏŲŃ łżƣǝÿƣģ܏ ǀƣ ڍڎڌڎàĪƠǀěŧŏƫŊĪģżǀƣŏŲÿǀŃǀƣÿŧ®ǀƫƸÿŏŲÿěŏŧŏƸǣ¦ĪƠżƣƸŏŲ®ĪƠƸĪŰěĪƣ party investments annually to our shareholders and other stakeholders. ǝŏŧŧƣĪƠżƣƸżŲżǀƣŏŲƸĪƣŲÿŧ/®GƠĪƣłżƣŰÿŲĜĪÿŲģƸŊÿƸżłżǀƣĜżǀŲƸĪƣ- ÿŲģǝĪ܉żÿƣģG żŰŰŏƸƸĪĪÿŲģƸŊĪ®/ޠŰĪŲƸƫƸżƸŊĪ żŰƠĪŲƫÿƸŏżŲ àĪƣĪƠżƣƸƣĪŃǀŧÿƣŧǣżŲƸŊĪ/®GƠĪƣłżƣŰÿŲĜĪżłżǀƣƠżƣƸłżŧŏżżłŏŲǜĪƫƸ- processes are also critical elements of our risk management approach. philosophy to our balance sheet and our robust investment due diligence ƸĪƣŰ ǿŲÿŲĜŏÿŧ ŧĪǜĪƣÿŃĪܫŧżŲŃ ܉ÿĜƸŏǜĪ ƠżƣƸłżŧŏż ŰÿŲÿŃĪŰĪŲƸ ܉ƠżƣƸłżŧŏż tribute and derive value through meaningful engagement. Our diverse żƣŃÿŲŏǭÿƸŏżŲƫÿŲģŏŲģǀƫƸƣǣÿƫƫżĜŏÿƸŏżŲƫƸżƫĪĪǝŊĪƣĪǝĪĜÿŲěĪƫƸĜżŲ- ŧĪÿģĪƣƫŊŏƠ܉ǝĪÿƣĪƣĪǜŏĪǝŏŲŃÿŲǀŰěĪƣżłŏŲƸĪƣŲÿƸŏżŲÿŧ/®GŏŲŏƸŏÿƸŏǜĪƫ ܉ƫƸƣĪŲŃƸŊĪŲ żǀƣ /®G ŲĪƸǝżƣŤƫ ÿŲģ ƫƸÿŤĪŊżŧģĪƣ ĪŲŃÿŃĪŰĪŲƸ ƠƣÿĜƸŏĜĪƫ àĪ ÿƣĪ ÿŲ ÿĜƸŏǜĪ ŰĪŰěĪƣ żł ƸŊĪ ÃtG ܏ SŲ ĜżŲƸŏŲǀŏŲŃ Ƹż ƫĪĪŤ Ƹż ܏łżƣŏŰƠƣżǜĪŰĪŲƸÿŲģǝŊĪƸŊĪƣŲĪǝżƣĪǜżŧǜŏŲŃ/®GŏƫƫǀĪƫŊÿǜĪÿƣŏƫĪŲ żƠƠżƣƸǀŲŏƸŏĪƫ܉żł/®GÿƫƠĪĜƸƫƸżĪǜÿŧǀÿƸĪŊżǝƸŊĪǣÿƣĪěĪŏŲŃŰÿŲÿŃĪģ itor ESG performance and engage in constructive dialogue on a range ǝĪǝżƣŤĜżŧŧÿěżƣÿƸŏǜĪŧǣǝŏƸŊĜżǀŲƸĪƣƠÿƣƸŏĪƫƸżŰżŲ-܉ÿĜƢǀŏƫŏƸŏżŲܫżƫƸ community relations. ĜżƣƣǀƠƸ ěǀƫŏŲĪƫƫ ƠƣÿĜƸŏĜĪƫ ÿŲģ ܉ŧÿƣŧǣ ŏŲ ƸŊĪ ÿƣĪÿƫ żł ƸÿŏŧŏŲŃƫ ƫƸżƣÿŃĪ ƠÿƣƸŏĜǀ-܉ǝŊĪƣĪżǀƣģǀĪģŏŧŏŃĪŲĜĪŏģĪŲƸŏǿĪƫǀŲÿĜĜĪƠƸÿěŧĪŧĪǜĪŧƫżłƣŏƫŤ ǝŊĪƣĪǝĪŊÿǜĪģĪĜŧŏŲĪģÿŲģǝŏŧŧĜżŲƸŏŲǀĪƸżģĪĜŧŏŲĪƸżěŏģŏŲƠƣżĜĪƫƫĪƫ ěǀƸƸŊĪƣĪÿƣĪŰÿŲǣƫŏƸǀÿƸŏżŲƫ܉ŰÿŤŏŲŃĜƣŏƸĪƣŏÿܫÿƫżǀƣƫƸƣŏĜƸĪƫƸģĪĜŏƫŏżŲ ĜŊŏŧģŧÿěżƣżƣłżƣĜĪģŧÿěżƣ܉ŏƸŏĪƫƸŊÿƸŏŲǜżŧǜĪƣŏǜĪƣŏŲĪƸÿŏŧŏŲŃƫģŏƫƠżƫÿŧ ǝĪģżŲżƸŏŲǜĪƫƸŏŲÿŲǣżƠƠżƣƸǀŲ-܉ÿŲģŧżĜÿŧƫƸÿŤĪŊżŧģĪƣƫ܏FżƣĪǢÿŰƠŧĪ ĜÿŲÿǜżŏģŏŲǜĪƫƸŏŲŃŏŲƠƣżšĪĜƸƫƸŊÿƸÿģǜĪƣƫĪŧǣŏŰƠÿĜƸƸŊĪĪŲǜŏƣżŲŰĪŲƸ ƸĪƣŰƣŏƫŤƫƫżƸŊÿƸǝĪܫÿŲģŧżŲŃܫÿěżǀƸƸŊĪƠżƸĪŲƸŏÿŧŰÿƸĪƣŏÿŧŏƸǣżłƫŊżƣƸ ǝŊżǀŲģĪƣƫƸÿŲģÿŲģĜÿŲÿƠƠŧǣƫżǀŲģšǀģŃŰĪŲƸ܉ĜÿƠÿěŏŧŏƸŏĪƫŏŲƸŊŏƫÿƣĪÿ practitioners that complement our considerable team experience and ǝĪ ĪŲŃÿŃĪ ǝŏƸŊ ĪǢƠĪƣŏĪŲĜĪģ /®G ܉àŊĪŲ ĜżŲģǀĜƸŏŲŃ ģǀĪ ģŏŧŏŃĪŲĜĪ engagement and social performance. ŊĪÿŧƸŊÿŲģƫÿłĪƸǣŰÿŲÿŃĪŰĪŲƸƠƣÿĜƸŏĜĪƫÿŲģŧżĜÿŧƫƸÿŤĪŊżŧģĪƣ܉ŰĪŲƸÿŧ ĪŲǜŏƣżŲ- ܉ÿŲ ĪǢƸĪŲƫŏǜĪ ÿƫƫĪƫƫŰĪŲƸ żł żǀƣ ĜżǀŲƸĪƣƠÿƣƸŏĪƫܹ ŃżǜĪƣŲÿŲĜĪ by our counterparties. Our investment due diligence process includes ÿŲģ ƠƣżšĪĜƸƫ ǝŊĪƣĪ /®G ŏƫ ƠƣŏżƣŏƸŏǭĪģ ÿŲģ ŰÿŲÿŃĪģ ĜżŲƫĜŏĪŲƸŏżǀƫŧǣ providers to the sector by investing in streams and royalties on mines ǝĪ ěĪŧŏĪǜĪ ǝĪ ĜÿŲ ŰÿŤĪ ÿ ƠżƫŏƸŏǜĪ ŏŰƠÿĜƸ ÿƫ ĜÿƠŏƸÿŧ ܉ŰŏŲŏŲŃ ÿƫƫĪƸƫ łżƣƸŊĪŃƣĪĪŲĪĜżŲżŰǣżłżǀƣłǀƸǀƣĪ܏ŧƸŊżǀŃŊǝĪģżŲżƸżƠĪƣÿƸĪÿŲǣ ƣĪŧÿƸĪģŰĪƸÿŧƫƸŊÿƸǝŏŧŧĜƣĪÿƸĪƸŊĪĪŧĪĜƸƣŏǿĜÿƸŏżŲŏŲłƣÿƫƸƣǀĜƸǀƣĪŲĪĪģĪģ ŲŏĜŤĪŧÿŲģ܉ƠƣĪĜŏżǀƫŰĪƸÿŧÿĜƸŏǜŏƸŏĪƫŏŲŃƣĪĪŲŰĪƸÿŧƫŧŏŤĪĜżƠƠĪƣܫŲżŲ ܉ĜżƣĪܫÿŲģǝĪƠƣŏżƣŏƸŏǭĪżǀƣŲżŲ܉àĪģżŲżƸŏŲǜĪƫƸŏŲżŏŧÿŲģŃÿƫżƣĜżÿŧ and to our streaming and royalty interests. tion of our carbon footprint relating to our direct corporate activities ěÿƫĪģÿƠƠƣżÿĜŊƸżƸŊĪƢǀÿŲƸŏǿĜÿ-ܫÿŲģƫĜŏĪŲĜĪ܉ǜĪƣŏǿÿěŧĪ܉ÿĜżŲƫŏƫƸĪŲƸ ŰĪƸÿŧƫÿŲģŰŏŲŏŲŃ/®GƣĪƫĪÿƣĜŊĜżŰƠÿŲǣ܏ǀƣżěšĪĜƸŏǜĪŏƫƸżÿĜŊŏĪǜĪ ÿ܉ƠÿƣƸǣģÿƸÿƠƣżǜŏģĪģěǣ®ŤÿƣŲƫƫżĜŏÿƸĪƫܫƣżǣÿŧƸǣŏŲƸĪƣĪƫƸƫÿŲģƸŊŏƣģ ƫǀƣĪěǣƸŊĪżǝŲĪƣƫżƣżƠĪƣÿƸżƣƫżłŰŏŲĪƫŏŲǝŊŏĜŊǝĪŊÿǜĪƫƸƣĪÿŰÿŲģ Such third-party emissions are calculated annually based on disclo- ܏ܡǀƫŏŲĪƫƫ żǀŲĜŏŧłżƣ®ǀƫƸÿŏŲÿěŧĪ'ĪǜĪŧżƠŰĪŲƸƣżƸżĜżŧżłƸŊĪàżƣŧģ żłƸŊĪGNGڑڍÿŲģړ܉ڒģĪǿŲĪģÿƫĜÿƸĪŃżƣŏĪƫܠڏÿŲģڎ܉ڍǀŲģĪƣ®ĜżƠĪ Ƹż ƸŊĪ ƠżŏŲƸ żł ƫÿŧĪÿěŧĪ ŰĪƸÿŧƫ܏ àĪ ģĪƸĪƣŰŏŲĪ ƫǀĜŊ ĪŰŏƫƫŏżŲƫ ܉ƸŏĪƫ production of our attributable metals production by our counterpar- ěǀƸÿŧƫżŏŲĜŧǀģŏŲŃżǀƣƫŊÿƣĪżłƸŊĪĪŰŏƫƫŏżŲƫÿƫƫżĜŏÿƸĪģǝŏƸŊ܉ÿĜƸŏǜŏƸŏĪƫ żŲŧǣƸŊĪŃƣĪĪŲŊżǀƫĪŃÿƫĪŰŏƫƫŏżŲƫÿƫƫżĜŏÿƸĪģǝŏƸŊżǀƣģŏƣĪĜƸěǀƫŏŲĪƫƫ ¦ĪƠżƣƸ܏àĪģĪǿŲĪżǀƣĜÿƣěżŲłżżƸƠƣŏŲƸěƣżÿģŧǣÿƫĜżŲƫŏƫƸŏŲŃżłŲżƸ ĜżǀŲƸĪƣƠÿƣƸŏĪƫÿŲģǝŏŧŧěĪģŏƫĜŧżƫĪģŏŲżǀƣǀƠĜżŰŏŲŃ®ǀƫƸÿŏŲÿěŏŧŏƸǣ tions can be completed based on data received from our operating ĜÿŧĜǀŧÿ-ڏŊĪƫĪǝŏŧŧěĪƣĪĜżŲĜŏŧĪģǝŊĪŲǿŲÿŧƫĜżƠĪ¼܏ڍڎڌڎżǳłƫĪƸƫłżƣ ÿŲģŊÿǜĪƠƣĪŧŏŰŏŲÿƣŏŧǣƠǀƣĜŊÿƫĪģ܉ڌڎڌڎÿŲģڒڍڌڎĪÿĜŊǣĪÿƣěĪƸǝĪĪŲ ǝĪŊÿǜĪƠǀƣĜŊÿƫĪģǜĪƣŏǿĪģĜÿƣěżŲżǳłƫĪƸƫłżƣ܉ƠƣżšĪĜƸƫ܏ŲƸŊŏƫěÿƫŏƫ ƠÿƣƸǣĜÿƣěżŲżǳłƫĪƸƸŏŲŃܫƸŊŏƣģ܉ƸŊƣżǀŃŊƸŊĪƠǀƣĜŊÿƫĪżłÿĜĜƣĪģŏƸĪģ܉ģÿƸĪ ƸƸżڌڌڌ܉ڑڎŲĪÿƣŧǣ܉ěǣżǳłƫĪƸƸŏŲŃżǀƣÿŲŲǀÿŧĜÿƣěżŲłżżƸƠƣŏŲƸڒڍڌڎƸŏżŲŏŲ łżżƸƠƣŏŲƸ܏àĪŊÿǜĪĜŊżƫĪŲƸżÿĜŊŏĪǜĪĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣƫŏŲĜĪżǀƣŏŲĜĪƠ- ƠǀƣĜŊÿƫŏŲŃÿĜĜƣĪģŏƸĪģÿŲģǜĪƣŏǿĪģĜÿƣěżŲżǳłƫĪƸƫƸżżǳłƫĪƸżǀƣĜÿƣěżŲ omy and are committed to maintaining carbon neutral operations by àĪƫǀƠƠżƣƸģĪĜÿƣěżŲŏǭÿƸŏżŲÿŲģƸŊĪƸƣÿŲƫŏƸŏżŲƸżÿŧżǝĜÿƣěżŲĪĜżŲ- ܏ĪǢƠĪƣŏĪŲĜĪÿŲģŲĪƸǝżƣŤƫƸżƫǀƠƠżƣƸƫǀƫƸÿŏŲÿěŧĪŰŏŲŏŲŃ ŰŏŲŏŲŃĪĜżƫǣƫƸĪŰ܏àĪÿŏŰƸżŧĪÿģěǣĪǢÿŰƠŧĪÿŲģƸżƫŊÿƣĪżǀƣ ÿŲģ ěǣ ĪǢĪƣƸŏŲŃ ŏŲǵŧǀĪŲĜĪ ÿĜƣżƫƫ żǀƣ ƠżƣƸłżŧŏż ÿŲģ ƸŊĪ ěƣżÿģĪƣ ܉ÿĜƸŏżŲƫ ÿŲģ ĜżŰŰǀŲŏƸǣ ŏŲǜĪƫƸŰĪŲƸƫ ܉ƸŊƣżǀŃŊ żǀƣ żǝŲ ƠƣÿĜƸŏĜĪƫ àĪĜżŲƸƣŏěǀƸĪƸżÿƣĪƫƠżŲƫŏěŧĪÿŲģƫǀƫƸÿŏŲÿěŧĪŰŏŲŏŲŃĪĜżƫǣƫƸĪŰ ܏ڎ .business and shareholders ǝŊŏĜŊƠƣżƸĪĜƸƫżǀƣ܉ŰǀŲŏƸŏĪƫÿŲģŃżǜĪƣŲŰĪŲƸƫżǜĪƣƸŊĪŧżŲŃƸĪƣŰ żǀƣŏŲǜĪƫƸŰĪŲƸƫĪŲšżǣƸŊĪƠƣŏǜŏŧĪŃĪƸżżƠĪƣÿƸĪǝŏƸŊƸŊĪŏƣŊżƫƸĜżŰ- formance. Strong ESG performance by our partners helps ensure our counterparties demonstrate strong ESG management and per- żŲ ŰŏŲĪƫ ÿŲģ ƠƣżšĪĜƸƫ ǝŊĪƣĪ żǀƣ ģǀĪ ģŏŧŏŃĪŲĜĪ ģĪƸĪƣŰŏŲĪƫ ƸŊÿƸ àĪĪŲƫǀƣĪƠżƣƸłżŧŏżƢǀÿŧŏƸǣěǣŏŲǜĪƫƸŏŲŃŏŲƫƸƣĪÿŰƫÿŲģƣżǣÿŧƸŏĪƫ ܏ڍ ܈ƠƣżŲŃĪģܫǀƣ/®GÿƠƠƣżÿĜŊŏƫƸǝż Statement of Corporate Governance Practices

ږڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƫĜŊżżŧÿģšÿĜĪŲƸƸżƸŊĪŰŏŲĪƠƣżƠĪƣƸǣ ŲĪǝƫĜŊżżŧƫǀƠƠŧŏĪƫƸżěĪģŏƫƸƣŏěǀƸĪģÿƸƸŊĪĪŧĪŰĪŲƸÿƣǣܫłǀŧŧżłěƣÿŲģ ěÿĜŤƠÿĜŤƫڑړżǀƣĪŰƠŧżǣĪĪƫÿŧƫżƠÿƣƸŏĜŏƠÿƸĪģŏŲƠÿĜŤŏŲŃ܉ŰÿƣŤƸŊĪģÿǣ ƸżƫƸǀģĪŲƸƫǝŊżŊÿǜĪƠÿƣƸŏĜǀŧÿƣŧǣģŏƫƸŏŲŃǀŏƫŊĪģƸŊĪŰƫĪŧǜĪƫ܏¼żłǀƣƸŊĪƣ FŏǜĪƫĜŊżŧÿƣƫŊŏƠƫǝŏŧŧěĪÿǝÿƣģĪģÿƸƸŊĪĪŲģżłƸŊĪƫĜŊżżŧǣĪÿƣ܏ܡƫĜŊżżŧ ŊŏŃŊܠłżƣƫƸǀģĪŲƸƫÿƸƸŊĪŧżĜÿŧßżǣÿŃĪǀƣrĪŰżƣŏÿŧ®ĜŊżżŧżłrŏƫƸŏƫƫŏŲŏ ŰŏŲĪ ŏŲ tżƣƸŊĪƣŲ ¥ǀĪěĪĜ Ƹż ÿŲŲżǀŲĜĪ ÿ ŲĪǝ ƫĜŊżŧÿƣƫŊŏƠ ƠƣżŃƣÿŰ Stornoway”) Renard“ܠ ŲĪƣĪģ ǝŏƸŊ ®ƸżƣŲżǝÿǣ 'ŏÿŰżŲģ żƣƠżƣÿƸŏżŲܹƫ ǝĪ ƠÿƣƸ- ܉ÿŲģ ĜżŰŰǀŲŏƸŏĪƫ ÿǳłĪĜƸĪģ ěǣ ƣĪƫŏģĪŲƸŏÿŧ ƫĜŊżżŧƫ ܉łÿŰŏŧŏĪƫ ܉ƫǀƣǜŏǜżƣƫ܉ŏŲƫƸŏƸǀƸĪģƸżŊżŲżƣƸŊĪĜŊŏŧģƣĪŲܡڌڏĪƠƸĪŰěĪƣ®ܠŏŲ ÿŲÿģÿ ¼żĜżŰŰĪŰżƣÿƸĪƸŊĪŲĪǝtÿƸŏżŲÿŧ'ÿǣłżƣ¼ƣǀƸŊÿŲģ¦ĪĜżŲĜŏŧŏÿƸŏżŲ ܏ƸŊĪÿģǜÿŲĜĪŰĪŲƸżłǝżŰĪŲܹƫŊĪÿŧƸŊÿŲģŊĪÿŧƸŊĪƢǀŏƸǣłżƣĪǜĪƣǣżŲĪ ƣĪŏŰÿŃŏŲŏŲŃ܈ĜÿƸĪģƸżěƣĪÿŤŏŲŃģżǝŲěÿƣƣŏĪƣƫƸżĜÿƣĪłżƣÿŧŧǝżŰĪŲ ģĪģŏ-܉• ¦ĪĜǀƣƣŏŲŃ®ǀƠƠżƣƸĪƣżłàżŰĪŲłżƣàżŰĪŲܹƫ żŧŧĪŃĪNżƫƠŏƸÿŧ ÿŲģܔŰÿŤŏŲŃĜżŰŰǀŲŏƸǣĪǜĪŲƸƫÿĜĜĪƫƫŏěŧĪ܉FżƣěĪƫ®ŊŏƣĪƫ ƸǝżłżƣĪÿĜŊżłÿƣŤĪƫÿŲģ܉ƠżƣƸÿěŧĪŃƣÿŲģƫƸÿŲģƫڐƸŊĪƠǀƣĜŊÿƫĪżł ƸżƫǀƠƠżƣƸڌڌڌ܉ڎڎżǀƣĜżŰŰǀŲŏƸǣŏŲǜĪƫƸŰĪŲƸŏŲŏƸŏÿƸŏǜĪŃƣÿŲƸƸżݕ ®ŊŏƣĪƫƫǀƣƣżǀŲģŏŲŃƸŊĪtżƣƸŊƠÿƣŤĪƫŰŏŲĪÿŲģŰżƣĪƸŊÿŲģżǀěŧŏŲŃ ŲĪƫƫĪƫłżƣģŏƫƸƣŏěǀƸŏżŲƸżłƣżŲƸŧŏŲĪǝżƣŤĪƣƫŏŲƸŊĪÿƣŤĪƫÿŲģFżƣěĪƫ Ƹż ƠǀƣĜŊÿƫĪ ĜżǳłĪĪ ǜżǀĜŊĪƣƫ łƣżŰ ŧżĜÿŧ ěǀƫŏ- ڌڌڑ܉ڎƣżǜŏģŏŲŃ ݕ • ܔàŏƫŊ ÿŲÿģÿ¼ƣĪĪƫżłdżǣ/ǜĪŲƸܫܫrÿŤĪ Donating and participating in a leadership capacity to the Children’s • ܔŃƣÿŰƸŊÿƸǝŏŧŧżǀƸŧÿƫƸƸŊĪƠÿŲģĪŰŏĜ ŧĪÿƣŲŏŲŃƫÿłĪŧǣ܏àĪěĪŧŏĪǜĪƸŊÿƸƸŊŏƫŏƫÿƣżěǀƫƸÿŲģƸŊżƣżǀŃŊƠƣż- ĪƢǀŏƠŰĪŲƸÿŲģżŲŃżŏŲŃƫǀƠƠżƣƸƸżĜżŲƸŏŲǀĪ܉Ƹżżŧƫ܉ŏŲłƣÿƫƸƣǀĜƸǀƣĪ ƠƣżǜŏģŏŲŃƸŊĪ܉ƫƸǀģĪŲƸƫÿŲģƸĪÿĜŊĪƣƫڌڌړěĪŲĪǿƸƸŏŲŃżǜĪƣ܉łƣŏĜÿ create a remote learning initiative in rural communities in South ŏŲżƣģĪƣƸż܉ÿƫƫŏƫƸÿŲĜĪłżƣƸŊĪŏƣĜżŰŰǀŲŏƸŏĪƫģǀƣŏŲŃƸŊĪƠÿŲģĪŰŏĜ ŧÿƸ ÿƫ ƫƠĪĜŏÿŧżł ÿģģŏƸŏżŲÿŧ łǀŲģŏŲŃ Ƹż ¦ ڌڌڌ܉ڌڌڎƣżǜŏģŏŲŃ ݕ • ܔƸżŧżĜÿŧĜŊÿƣŏƸŏĪƫ ܉żÿƣģŰĪŰěĪƣƫÿŧżŲŃǝŏƸŊżǀƣĪŰƠŧżǣĪĪƫÿŲģ܉ƣżǜŏģŏŲŃƫǀƠƠżƣƸ • ܔłżƣƸŊĪģǀƣÿƸŏżŲ łǀƣŲŏƫŊŏŲŃƫÿŲģƫĪƣǜŏĜĪƫƸżĜżŰłżƣƸÿěŧǣǝżƣŤƣĪŰżƸĪŧǣ܉ĪƢǀŏƠŰĪŲƸ ܉ÿŲģƠƣżǜŏģŏŲŃĪÿƫǣÿĜĜĪƫƫƸżÿŧŧƸŊĪƸżżŧƫ܉ܡ/ܠÿƫƫŏƫƸÿŲĜĪƠƣżŃƣÿŰ ŏŲƸƣżģǀĜŏŲŃÿŲĪǝĪŰƠŧżǣĪĪ܉ĪŰƠŧżǣŰĪŲƸĪŲŃÿŃĪŰĪŲƸŏŲŏƸŏÿƸŏǜĪƫ żŲŃżŏŲŃ ܉ƢǀÿŧŏƸǣ ŊĪÿŧƸŊ ƫĪƣǜŏĜĪƫܫÿĜĜĪƫƫ łżƣ ÿŧŧ ĪŰƠŧżǣĪĪƫ Ƹż ŊŏŃŊ żǳłĪƣŏŲŃ ܔƸĪÿŰܹƫ ŊĪÿŧƸŊ ÿŲģ ǝĪŧŧěĪŏŲŃ ƠƣżŃƣÿŰƫ ÿŲģ żǳłĪƣŏŲŃƫ ŰżŲŏƸżƣŏŲŃ ÿŲģ ƫǀƠƠŧĪŰĪŲƸŏŲŃ żǀƣ żǝŲ ܉ƣżÿĜƸŏǜĪŧǣ ÿƫƫĪƫƫŏŲŃ • ܔĜżŰƠÿŲǣƠÿƣƸŏĜŏƠÿŲƸƫĪÿƣŧǣżŲÿŲģƸŊƣżǀŃŊżǀƸƸŊĪƠÿŲģĪŰŏĜ ěĪƫƸ ƠƣÿĜƸŏĜĪƫ ÿŰżŲŃ ƠżƣƸłżŧŏżܕFÿĜŏŧŏƸÿƸĪģ ƫŊÿƣŏŲŃ żł ŏŲłżƣŰÿƸŏżŲ • ܈łƣŏĜÿÿŲģǀƫƸƣÿŧŏÿ ƫƠĪĜŏǿĜÿŧŧǣŏŲ®żǀƸŊ܉ƸŊżƫĪĜżŰŰǀŲŏƸŏĪƫÿƣżǀŲģżǀƣŰŏŲŏŲŃƠÿƣƸŲĪƣƫ ěǀƸ ÿŧƫż łżƣ żǀƣ ŧżĜÿŧ ĜżŰŰǀŲŏƸŏĪƫÿŲģ ܉ŲżƸ żŲŧǣ łżƣ żǀƣ ĪŰƠŧżǣĪĪƫ ǝĪƫżǀŃŊƸżǀƸżƸŊĪƣżƠƠżƣƸǀŲŏƸŏĪƫƸżĪǳłĪĜƸƠżƫŏƸŏǜĪĜŊÿŲŃĪ܉ڍڎڌڎÿŲģ ڌڎڌڎƠÿŲģĪŰŏĜÿŧƸĪƣŏŲŃƸŊĪŧÿŲģƫĜÿƠĪłżƣŰǀĜŊżłڕڍܫ'àŏƸŊƸŊĪ ßS led by a panel of community and company representatives. ŏƸŏĪƫÿŲģÿƣĪÿǝÿƣģĪģłżŧŧżǝŏŲŃÿŲÿƠƠŧŏĜÿƸŏżŲÿŲģƫĪŧĪĜƸŏżŲƠƣżĜĪƫƫ ŏŲǜĪƫƸŰĪŲƸƫÿƣĪÿŧŏŃŲĪģǝŏƸŊƠƣŏżƣŏƸŏĪƫŏģĪŲƸŏǿĪģěǣƸŊĪƫĪĜżŰŰǀŲ- sports programs in the communities surrounding the mine. These ÿŲģ ƣĪĜƣĪÿƸŏżŲÿŧ ܉ĜżŰŰǀŲŏƸǣ ŏŲŏƸŏÿƸŏǜĪƫ ܉ܡڍڎڌڎ ĪÿĜŊ ǣĪÿƣ ƫƸÿƣƸŏŲŃ ŏŲ łżǀƣܠ ÿŲŲǀÿŧŧǣ łżƣ ƫĜŊżŧÿƣƫŊŏƠƫ ڌڌڌ܉ڌڑǝŏƸŊ tżƣƸŊƠÿƣŤĪƫ Ƹż ŏŲǜĪƫƸ ݕ ŏŲǜĪƫƸŰĪŲƸƫÿƣżǀŲģƸŊĪtżƣƸŊƠÿƣŤĪƫŰŏŲĪ܏àĪƣĪÿĜŊĪģÿŲÿŃƣĪĪŰĪŲƸ ǝĪ ĜżŰŰŏƸƸĪģ Ƹż ƠƣżǜŏģĪ ĜżŰŰǀŲŏƸǣ ܉ÿŲģ ƫŏŧǜĪƣ ƫƸƣĪÿŰ ÿŃƣĪĪŰĪŲƸ ŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊĪĪǢĪĜǀƸŏżŲżłƸŊĪtżƣƸŊƠÿƣŤĪƫŃżŧģ܉SŲǀƫƸƣÿŧŏÿ ܏ŲĪǝƫƸǀģĪŲƸƫ ŏŲÿģģŏƸŏżŲƸżÿłǀƣƸŊĪƣŏŲƸÿŤĪżłƫĪǜĪŲ܉ڎڎڌڎĜżŲƸŏŲǀĪƸŊĪŏƣƫƸǀģŏĪƫŏŲ żŲĪŊÿƫƣĪĜĪŲƸŧǣŃƣÿģǀÿƸĪģÿŲģƸŊĪƣĪŰÿŏŲŏŲŃĪŏŃŊƸǝŏŧŧܔģĪŰŏĜƫƸǀģŏĪƫ ǝĪƫǀƠƠżƣƸĪģŲŏŲĪƫƸǀģĪŲƸƫƸŊƣżǀŃŊƸŊĪŏƣÿĜÿ-܉ڍڎڌڎ®ƸǣŧģƣŏǽƸŰŏŲĪ܏SŲ ŧÿƸÿƸƸŊĪƸǝżŊÿǜĪÿĜĜĪƠƸĪģƠżƫŏƸŏżŲƫǝŏƸŊ¦܉żłƸŊĪÿĜÿģĪŰŏĜǣĪÿƣ their academic studies. Of the four students that graduated at the end ǝĪƫǀƠƠżƣƸĪģƫŏǢƫƸǀģĪŲƸƫƸŊƣżǀŃŊ܉ŏŲÿǀŃǀƣÿŧǣĪÿƣڌڎڌڎŃƣÿŰ܏SŲƸŊĪ the mine site during school breaks and upon completion of their pro- ÿŧƫżƠƣżǜŏģĪƸŊĪŰǝŏƸŊƸŊĪƠżƸĪŲƸŏÿŧłżƣĪŰƠŧżǣŰĪŲƸÿƸ܉ŏŲŰÿŲǣĜÿƫĪƫ ܉Ŋŏƫǝŏŧŧ¼܏ڌڑĪǢƠĪĜƸƸŊĪƸżƸÿŧŲǀŰěĪƣżłƫƸǀģĪŲƸƫƫǀƠƠżƣƸĪģǝŏŧŧĪǢĜĪĪģ ǝĪ܉ŧÿƸżƠĪƣÿƸŏżŲƫ܏ǜĪƣƸŊĪŧŏłĪżłƸŊĪƠƣżŃƣÿŰŏƸŏĪƫÿģšÿĜĪŲƸƸżƸŊĪ¦ across the varied geology and engineering disciplines from commun- year to fully support the education of eight post-secondary students ĪÿĜŊڌڌڌ܉ڌڌڍÿŧŧżĜÿƸŏŲŃݕ܉ĪƫƸÿěŧŏƫŊŏŲŃÿŲÿŲŲǀÿŧƫĜŊżŧÿƣƫŊŏƠƠƣżŃƣÿŰ ŧÿƸܹƫěǀƣƫÿƣǣƠƣżŃƣÿŰƫěǣǝĪĜżŰƠŧĪŰĪŲƸĪģ¦܉ƫƸƣĪÿŰÿŃƣĪĪŰĪŲƸ ŧÿƸŰŏǭĪƸŊĪŏƣÿěŏŧŏƸŏĪƫÿŲģƸÿŧĪŲƸƫ܏ żŲĜǀƣƣĪŲƸǝŏƸŊĪǢĪĜǀƸŏżŲżłƸŊĪ¦ łÿĜŏŧŏƸŏĪƫÿŲģĪŰƠŧżǣŰĪŲƸżƠƠżƣƸǀŲŏƸŏĪƫƸŊÿƸǝŏŧŧÿŧŧżǝƸŊĪŰƸżŰÿǢŏ- ĪģǀĜÿƸŏżŲÿŲģƣĪĜƣĪÿƸŏżŲ܉ÿŲģŊÿǜĪÿĜĜĪƫƫƸżŊĪÿŧƸŊ܉ŧŏǜĪǝŏƸŊģŏŃŲŏƸǣ rÿƫƸĪƣŧÿŲ܏¼ŊŏƫÿŏŰƫƸżĜƣĪÿƸĪÿŲĪŲǜŏƣżŲŰĪŲƸŏŲǝŊŏĜŊƠĪżƠŧĪĜÿŲ ǣĪÿƣܫڌڏ ÿłżŤĪŲŃ tÿƸŏżŲ ŲżŰŏĜ ǜÿŧǀĪ ƸŊÿƸ ŏƫ ÿŧŏŃŲĪģ Ƹż ƸŊĪ ¦żǣÿŧ ŧÿƸܹƫƫƸÿƸĪģżěšĪĜƸŏǜĪƫŏŲĜŧǀģĪŧĪÿǜŏŲŃÿŧĪŃÿĜǣżłĪĜż-/ǢĜŊÿŲŃĪ܏¦ żǝŲĪģĜżŰƠÿŲǣƸżěĪŧŏƫƸĪģżŲƸŊĪdżŊÿŲŲĪƫěǀƣŃ®ƸżĜŤܫĜżŰŰǀŲŏƸǣ ǝÿƫ ƸŊĪ ǿƣƫƸ ܡ”RBPlat“ܠ ÿłżŤĪŲŃ ŧÿƸŏŲǀŰ żǣÿŧ¦ ܉SŲ ®żǀƸŊ łƣŏĜÿ COMMUNITY INVOLVEMENT Statement of Corporate Governance Practices

ڗڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰ ¼ŊĪ 'ŏǜĪƣƫŏƸǣ ÿŲģ SŲĜŧǀƫŏżŲ żŧŏĜǣ ŏƫ ÿǜÿŏŧÿěŧĪ żŲ żǀƣ ǝĪěƫŏƸĪ ÿƸ opportunities to further the diversity of the team. ǝĪĜżŲƸŏŲǀĪƸżŰżŲŏƸżƣżǀƣŧŏŰŏƸĪģ܉ڏڍżŲÿƸżƸÿŧĜǀƣƣĪŲƸǝżƣŤłżƣĜĪżł ބڌڍǝŊŏĜŊƸżŰÿŤĪƸŊĪŏƣÿƠƠżŏŲƸŰĪŲƸƫ܏àŏƸŊÿŲŲǀÿŧƸǀƣŲżǜĪƣěĪŧżǝ variety of candidates from a cross section of diverse backgrounds from ƣŏƠŧĪ FŧÿŃ ŏŲĜŧǀģĪƫ ÿ¼ ܉ÿŲģ ÿŧŧ żƸŊĪƣ ǜÿĜÿŲĜŏĪƫ ÿĜƣżƫƫ ƸŊĪ ǝżƣŤłżƣĜĪ żÿƣģ ܉ŰÿŲÿŃĪŰĪŲƸ ĜÿŲģŏģÿƸĪƫ܏ àŊĪŲ ƣĪĜƣǀŏƸŏŲŃ łżƣ ŰÿŲÿŃĪŰĪŲƸ żÿƣģÿŲģƫĪŲŏżƣƸŊÿƸŏƫƸÿŤĪŲŏŲƸżÿĜĜżǀŲƸǝŊĪŲŏģĪŲƸŏłǣŏŲŃƠżƸĪŲƸŏÿŧ ģŏǜĪƣƫŏƸǣǝŏŧŧĜżŲƸŏŲǀĪƸżěĪżŲĪżłƫĪǜĪƣÿŧłÿĜƸżƣƫ܉ŰĪŲƸ܏'ĪƫƠŏƸĪƸŊŏƫ the need to consider a balance of criteria for each individual appoint- żÿƣģżƣƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸƠżƫŏƸŏżŲƫģǀĪƸżƣĪƠƣĪƫĪŲƸÿƸŏżŲłżƣżǀƣ àĪ ŊÿǜĪ ŲżƸ ÿģżƠƸĪģ łżƣŰÿŧ ƸÿƣŃĪƸƫ łżƣ ŃĪŲģĪƣ żƣ żƸŊĪƣ ģŏǜĪƣƫŏƸǣ ܏ÿŲěżƣŏŃŏŲÿŧƠĪƣƫżŲżƣƠĪƣƫżŲǝŏƸŊÿģŏƫÿěŏŧŏƸǣ ŏģĪŲƸŏłǣÿƫǜŏƫŏěŧĪŰŏŲżƣŏƸŏĪƫÿŲģŲżŰĪŰěĪƣƫŏģĪŲƸŏłǣÿƫܡބڕڎܠړżłڎ ܉ŏģĪŲƸŏłǣÿƫǝżŰĪŲܡބڕڎܠړżłڎ܉łżǀƣŰĪŰěĪƣƫżłƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸ ܏ěżƣŏŃŏŲÿŧ ĪƣƫżŲ żƣ ƠĪƣƫżŲ ǝŏƸŊ ÿ ģŏƫÿěŏŧŏƸǣ ܉ÿƫ ÿ ǜŏƫŏěŧĪ ŰŏŲżƣŏƸǣ żÿƣģŏģĪŲƸŏǿĪƫƸŊĪ ŊÿŏƣżłƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ܏tżŰĪŰěĪƣżłƸŊĪ żÿƣģÿŲģƸŊĪ ŊÿŏƣżłƸŊĪܨŏŲĜŧǀģŏŲŃƸǝżżłƸŊƣĪĪƠƣżŰŏŲĪŲƸƠżƫŏƸŏżŲƫ ܉ÿƣĪǝżŰĪŲ܉żłżǀƣŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫބڌڐÿŲģ܉ބڕڎÿƠƠƣżǢŏŰÿƸĪŧǣ żƣ ܉żÿƣģ Ƹǝż żł ƫĪǜĪŲ ŰĪŰěĪƣƫ żŲ żǀƣ ܉ڎڎڌڎ ܉ڌڏ ƫ żł rÿƣĜŊ diverse candidates. ÿŲģĜżŲƸŏŲǀŏŲŃƸżěƣżÿģĪŲƣĪĜƣǀŏƸŏŲŃĪǳłżƣƸƫƸżÿƸƸƣÿĜƸÿŲģŏŲƸĪƣǜŏĪǝ żÿƣģÿŲģŏŲƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸƠżƫŏƸŏżŲƫŧĪǜĪŧżłģŏǜĪƣƫŏƸǣżŲżǀƣ ŰżŲŏƸżƣŏŲŃƸŊĪ܉ŲżŰŏŲÿƸŏżŲƫÿŲģƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸÿƠƠżŏŲƸŰĪŲƸƫ żÿƣģĪŲƫǀƣŏŲŃƸŊÿƸģŏǜĪƣƫŏƸǣĜżŲƫŏģĪƣÿƸŏżŲƫÿƣĪƸÿŤĪŲŏŲƸżÿĜĜżǀŲƸŏŲ ܉ÿŰżŲŃżƸŊĪƣƸŊŏŲŃƫ܉'ŏǜĪƣƫŏƸǣÿŲģSŲĜŧǀƫŏżŲżŧŏĜǣ܏¼ŊŏƫŏƫÿĜŊŏĪǜĪģěǣ & ESG Committee but also diversity characteristics outlined in the not only by the selection criteria established by our Compensation żÿƣģÿŲģƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸƸĪÿŰŏƫƫŊÿƠĪģ¼ŊĪĜżŰƠżƫŏƸŏżŲżłżǀƣ a diverse candidate pool for future hires. ŏģĪŲƸŏǿĪƫÿƫÿǜŏƫŏěŧĪŰŏŲżƣŏƸǣ܏¼ƣŏƠŧĪFŧÿŃǝŏŧŧĜżŲƸŏŲǀĪƸżĪŲƫǀƣĪܡބڏڏܠ ŏģĪŲƸŏǿĪƫÿƫÿǝżŰÿŲÿŲģżŲĪܡބڏڏܠżŲĪ܉ڍڎڌڎÿŲģڌڎڌڎƸŊƣĪĪŊŏƣĪƫŏŲ żÿƣģżŲƸŊĪ żŰƠÿŲǣܹƫƠƣżŃƣĪƫƫ܏ł¼ƣŏƠŧĪFŧÿŃܹƫƣĪŃǀŧÿƣǀƠģÿƸĪƫƸżƸŊĪ the implementation of the Diversity and Inclusion Policy and providing GŏƫƣĪƫƠżŲƫŏěŧĪłżƣżǜĪƣƫĪĪŏŲŃ®/ޠÿŧĪŲƸ¼܉ƸŊĪßŏĜĪƣĪƫŏģĪŲƸ܉FǀƣƸŊĪƣ formance of the Company against its Diversity and Inclusion Policy. The Compensation & ESG Committee regularly monitors the per- and Inclusion Policy. employees are expected to adhere to the requirements of the Diversity ƫĪŲŏżƣ ŰÿŲÿŃĪŰĪŲƸ ÿŲģ ÿŧŧ żǀƣ ܉żÿƣģ ŰĪŲƸ ŏŲ żǀƣ ǝżƣŤƠŧÿĜĪ܏ ¼ŊĪ demonstrate zero tolerance for any form of discrimination or harass- ƫǀƫƠĪĜƸĪģ ŏŲĜŏģĪŲƸƫ żł ǀŲŧÿǝłǀŧ ģŏƫĜƣŏŰŏŲÿƸŏżŲ ÿŲģ ŊÿƣÿƫƫŰĪŲƸ ÿŲģ ƸÿŏŲ ĜżŲǿģĪŲƸŏÿŧ ŰĪĜŊÿŲŏƫŰƫ łżƣ żǀƣ ĪŰƠŧżǣĪĪƫ Ƹż ƣĪƠżƣƸ ÿĜƸǀÿŧ żƣ ƫƸƣŏǜĪƫ Ƹż ŏŰƠƣżǜĪ żǀƣ ģŏǜĪƣƫŏƸǣ ÿŲģ ŏŲĜŧǀƫŏżŲ ƠƣÿĜƸŏĜĪƫ܏ àĪ ŰÿŏŲ- ÿŲģĜżŲƸŏŲǀżǀƫŧǣ܉żłģŏǜĪƣƫŏƸǣÿŲģŏŲĜŧǀƫŏǜŏƸǣŏƫƫǀĪƫÿŲģěĪƫƸƠƣÿĜƸŏĜĪƫ ǝŏƸŊĪŰƠŧżǣĪĪƫÿŲģĪǢƸĪƣŲÿŧŲĪƸǝżƣŤƫƸżŃÿŏŲÿěĪƸƸĪƣǀŲģĪƣƫƸÿŲģŏŲŃ ÿŲģƠƣżłĪƫƫŏżŲÿŧģĪǜĪŧżƠŰĪŲƸ܏¼ŊĪ żŰƠÿŲǣƣĪŃǀŧÿƣŧǣĪŲŃÿŃĪƫ܉ŰĪŲƸ ÿƫƫĪƫƫ-܉ÿŲģŏŲłżƣŰƫżǀƣģĪĜŏƫŏżŲƫżŲƣĪĜƣǀŏƸŰĪŲƸ܉ŰÿŲÿŃĪŰĪŲƸŧĪǜĪŧƫ żÿƣģÿŲģƫĪŲŏżƣŏŲĜŧǀģŏŲŃÿƸƸŊĪ܉ÿĜƣżƫƫÿŧŧŧĪǜĪŧƫżłżǀƣżƣŃÿŲŏǭÿƸŏżŲ ¼ŊĪ'ŏǜĪƣƫŏƸǣÿŲģSŲĜŧǀƫŏżŲżŧŏĜǣĪŲƫǀƣĪƫƸŊÿƸǝĪƠƣżŰżƸĪģŏǜĪƣƫŏƸǣ management and other employees of the Company. ÿŲģ ÿŰżŲŃ ŰĪŰěĪƣƫ żł ƫĪŲŏżƣ ܉żÿƣģ ŰÿŏŲƸÿŏŲŏŲŃ ģŏǜĪƣƫŏƸǣ żŲ ƸŊĪ ǝŊŏĜŊ żǀƸŧŏŲĪƫ ƸŊĪ żŰƠÿŲǣܹƫ ÿƠƠƣżÿĜŊ Ƹż ÿĜŊŏĪǜŏŲŃ ÿŲģ ܡ”Policy ƸŊĪ“Diversity and InclusionܠÿǝƣŏƸƸĪŲģŏǜĪƣƫŏƸǣÿŲģŏŲĜŧǀƫŏżŲƠżŧŏĜǣ żÿƣģŊÿƫÿģżƠƸĪģƸŊĪ܉ĪģǀĜÿƸŏżŲÿŲģěĪŧŏĪłƫ܏ĜĜżƣģŏŲŃŧǣ܉ŲÿƸŏżŲÿŧŏƸǣ ܉ƠŊǣƫŏĜÿŧÿƸƸƣŏěǀƸĪƫ܉ģŏƫÿěŏŧŏƸǣ܉ĪĜżŲżŰŏĜěÿĜŤŃƣżǀŲģܫƫżĜŏż܉ŧÿŲŃǀÿŃĪ ܉ÿŃĪ܉ƣĪŧŏŃŏżŲ܉ƫĪǢǀÿŧżƣŏĪŲƸÿƸŏżŲ܉ŃĪŲģĪƣŏģĪŲƸŏƸǣ܉ŃĪŲģĪƣ܉żƣŊĪƣŏƸÿŃĪ SŲģŏŃĪŲżǀƫżƣŏŃŏŲ܉ĪƸŊŲŏĜŏƸǣ܉ƣÿĜĪ܉ěǀƸŲżƸŧŏŰŏƸĪģƸż܉ŏŲĜŧǀģŏŲŃ܉ģŏǜĪƣƫŏƸǣ ƸŊĪ żŰƠÿŲǣܹƫƠĪƣłżƣŰÿŲĜĪ܏àĪƣĪƫƠĪĜƸÿŲģƣĪĜżŃŲŏǭĪÿŧŧÿƫƠĪĜƸƫżł ƸĪÿŰ ĜÿŲ żǳłĪƣ ÿ ěƣĪÿģƸŊ ÿŲģ ģĪƠƸŊ żł ƠĪƣƫƠĪĜƸŏǜĪƫ ƸŊÿƸ ĪŲŊÿŲĜĪ żÿƣģÿŲģƫĪŲŏżƣŰÿŲÿŃĪŰĪŲƸģÿƣģƫ܏àĪěĪŧŏĪǜĪƸŊÿƸŊÿǜŏŲŃÿģŏǜĪƣƫĪ ŏŲĜŧǀƫŏżŲÿŲģŊŏŃŊĪƸŊŏĜÿŧƫƸÿŲ-܉àĪÿƣĪŊŏŃŊŧǣĜżŰŰŏƸƸĪģƸżģŏǜĪƣƫŏƸǣ DIVERSITY AND INCLUSION ܏ÿŰŏŲŏŰǀŰĪǜĪƣǣǿǜĪǣĪÿƣƫ ÿŲģÿƸ܉żƣƫĜżƠĪżłżǀƣÿĜƸŏǜŏƸŏĪƫ܉ƫĜÿŧĪ܉ƫŏŃŲŏǿĜÿŲƸĜŊÿŲŃĪŏŲƸŊĪŲÿƸǀƣĪ SŲǜĪƫƸŰĪŲƸ®ƸƣÿƸĪŃǣǝŏŧŧěĪƣĪǜŏĪǝĪģÿŲģǀƠģÿƸĪģǝŊĪŲĪǜĪƣƸŊĪƣĪŏƫÿ żǜĪƣƸŊĪƠƣĪǜŏżǀƫǿǜĪǣĪÿƣƫƸżěĪģĪƠŧżǣĪģÿŲŲǀÿŧŧǣ܏¼ŊĪ żŰŰǀŲŏƸǣ żłÿǜĪƣÿŃĪŲĪƸŏŲĜżŰĪބڎŧŏƫŊĪģÿĜżŰŰǀŲŏƸǣŏŲǜĪƫƸŰĪŲƸƸÿƣŃĪƸżł ÿŲģ ŧŏŰÿƸĪ ĜƸŏżŲ܏ àĪ ŊÿǜĪ ĪƫƸÿě- ܔàżƣŤ ÿŲģ /ĜżŲżŰŏĜ GƣżǝƸŊ ĪĜĪŲƸ'ܔGĪŲģĪƣ/ƢǀÿŧŏƸǣܔǀÿŧŏƸǣ/ģǀĜÿƸŏżŲ¥܈ÿěŧĪ'ĪǜĪŧżƠŰĪŲƸGżÿŧƫ measure and communicate the results regarding four key Sustain- ŧżĜÿŧŏŲŏƸŏÿƸŏǜĪƫǝŊĪƣĪǝĪŊÿǜĪĜżƣƠżƣÿƸĪżǳǿĜĪƫ܏¼ŊĪƫĪłżĜǀƫżŲÿŲģ ƸŊÿƸ ƫǀƠƠżƣƸƫ ƠÿƣƸŲĪƣ ŏŲŏƸŏÿƸŏǜĪƫ ŏŲ ƸŊĪŏƣ ƣĪƫƠĪĜƸŏǜĪ šǀƣŏƫģŏĜƸŏżŲƫ ÿŲģ àĪĪŰƠŧżǣÿŊǣěƣŏģÿƠƠƣżÿĜŊ܏ڍڎڌڎƠƣżģǀĜŏŲŃŰŏŲĪƫŏŲżǀƣƠżƣƸłżŧŏżŏŲ ڑڍÿŲģĜżŰŰǀŲŏƸǣŏŲǜĪƫƸŰĪŲƸƫŏģĪŲƸŏǿĪģěǣƸŊĪ܉ƫƸÿŤĪŊżŧģĪƣŃƣżǀƠƫ ܉ÿĜƣżƫƫżǀƣƠżƣƸłżŧŏż܏¼ŊĪ®ƸƣÿƸĪŃǣǝÿƫŏŲłżƣŰĪģěǣƸŊĪŰÿƸĪƣŏÿŧŏƫƫǀĪƫ ěǣƫǀƠƠżƣƸŏŲŃƣĪƫƠżŲƫŏěŧĪÿŲģƫǀƫƸÿŏŲÿěŧĪŏŲǜĪƫƸŰĪŲƸƫ܉ŏƸŏĪƫżłŏŲƸĪƣĪƫƸ ěĪŏŲŃżłżǀƣĜżŰŰǀŲ-ܫÿŲģĪĜżŲżŰŏĜǝĪŧŧ܉ĪŲǜŏƣżŲŰĪŲƸÿŧ܉ƸżƸŊĪƫżĜŏÿŧ żÿƣģŊÿƫÿģżƠƸĪģÿ żŰŰǀŲŏƸǣSŲǜĪƫƸŰĪŲƸ®ƸƣÿƸĪŃǣƸżĜżŲƸƣŏěǀƸĪǀƣ COMMUNITY INVESTMENT STRATEGY Statement of Corporate Governance Practices

ژڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ÿŲģƠǀěŧŏĜŧǣģŏƫĜŧżƫŏŲŃÿŲŲǀÿŧƣĪƫǀŧƸƫ܉ŏŰƠŧĪŰĪŲƸÿƸŏżŲ mitted to transparently monitoring and reporting on the progress of ŲĪǀƸƣÿŧŏƸǣżłżǀƣěǀƫŏŲĪƫƫÿŲģƠƣżƠżƣƸŏżŲÿŧŏŲǜĪƫƸŰĪŲƸƫ܏àĪÿƣĪĜżŰ- ÿŲģŰÿŏŲƸÿŏŲƸŊĪĜÿƣěżŲܔƸżǝÿƣģƫģĪĜÿƣěżŲŏǭÿƸŏżŲÿĜƣżƫƫżǀƣƠżƣƸłżŧŏż ĜÿƸÿŧǣǭĪÿĜƸŏżŲܔÿŲģƠĪƣłżƣŰÿŲĜĪŏŲżǀƣŏŲǜĪƫƸŰĪŲƸƫƸƣÿƸĪŃǣ܉ƸǀŲŏƸŏĪƫ żƠƠżƣ-܉ĜżŲƫŏģĪƣĜŧŏŰÿƸĪƣŏƫŤƫܔĜŧŏŰÿƸĪĜżŲƫŏģĪƣÿƸŏżŲƫŏŲƸżżǀƣěǀƫŏŲĪƫƫ ÿŲģ rĪƸƣŏĜƫ ÿŲģ ¼ÿƣŃĪƸƫ܏ àĪ ŏŲƸĪŃƣÿƸĪ ܉ŏƫŤ rÿŲÿŃĪŰĪŲƸ¦ ܉ƸƣÿƸĪŃǣ® ܉'ŏƫĜŧżƫǀƣĪƫ ÿŲģ ŏŲĜŧǀģĪƫ ĜżŰŰŏƸŰĪŲƸƫ ƣĪŧÿƸĪģ Ƹż GżǜĪƣŲÿŲĜĪ recommendations of the Task Force on Climate-related Financial żÿƣģ Ŋÿƫ ÿģżƠƸĪģ ÿ ŧŏŰÿƸĪ ®ƸƣÿƸĪŃǣ ƸŊÿƸ ŏƫ ŏŲłżƣŰĪģ ěǣ ƸŊĪ ǀƣ CLIMATE STRATEGY ported by our Climate Strategy and Community Investment Strategy. ŏŲŏƸŏÿƸŏǜĪƫƸŊÿƸÿŧŏŃŲǝŏƸŊżǀƣƠƣŏżƣŏƸŏĪƫ܏¼Ŋŏƫ/ŲǜŏƣżŲŰĪŲƸÿŧżŧŏĜǣŏƫƫǀƠ- understand their environmental concerns and support environmental ǝĪĪŲŃÿŃĪǝŏƸŊŤĪǣƫƸÿŤĪŊżŧģĪƣƫƸż܉ŰĪŲƸƫ܏¼ŊƣżǀŃŊżǀƸƸŊĪƫĪĪǳłżƣƸƫ ÿŲģǝĪŰÿŏŲƸÿŏŲƸŊĪĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣżłżǀƣŏŲǜĪƫƸ-܉ÿŲģƠĪƣłżƣŰÿŲĜĪ żƠƠżƣƸǀŲŏƸŏĪƫ܉ŏŲĜŧǀģŏŲŃĜŧŏŰÿƸĪƣŏƫŤƫ܉ÿƣĪŏŲƸĪŃƣÿƸĪģŏŲƸżżǀƣěǀƫŏŲĪƫƫ ÿŲģ ƫŊÿƣĪ ŧĪÿƣŲŏŲŃƫ ǝŏƸŊ żǀƣ ĜżǀŲƸĪƣƠÿƣƸŏĪƫ܏ ŧŏŰÿƸĪ ĜżŲƫŏģĪƣÿƸŏżŲƫ ÿŲģƣĪŃǀŧÿƣŧǣŰżŲŏƸżƣ܉ÿŲģĜżŲƸƣÿĜƸżƣƫżŲĪŲǜŏƣżŲŰĪŲƸÿŧƠĪƣłżƣŰÿŲĜĪ ƣĪŧÿƸĪģƣŏƫŤƫ܏àĪĪģǀĜÿƸĪżǀƣĪŰƠŧżǣĪĪƫܫÿŲģƸÿŏŧŏŲŃƫ܉ǝÿƫƸĪŃĪŲĪƣÿƸŏżŲ ܉ěŏżģŏǜĪƣƫŏƸǣ ŧżƫƫ ܉ǝÿƸĪƣ ǀƫĪ ܉ŃƣĪĪŲŊżǀƫĪ Ńÿƫ ĪŰŏƫƫŏżŲƫ ܉ĪŲĪƣŃǣ ǀƫĪ implement appropriate management plans and programs to reduce ĜżŰƠŧǣ ǝŏƸŊ ÿŧŧ ÿƠƠŧŏĜÿěŧĪ ĪŲǜŏƣżŲŰĪŲƸÿŧ ŧĪŃÿŧ ƣĪƢǀŏƣĪŰĪŲƸƫ ÿŲģ żŰƠÿŲǣ Ƹż ÿĜƸŏŲŃ ŏŲ ÿŲ ĪŲǜŏƣżŲŰĪŲƸÿŧŧǣ ƣĪƫƠżŲƫŏěŧĪ ŰÿŲŲĪƣ܏ àĪ ǀƣ ěżÿƣģ Ŋÿƫ ÿģżƠƸĪģ ÿŲ /ŲǜŏƣżŲŰĪŲƸÿŧ żŧŏĜǣ ǝŊŏĜŊ ĜżŰŰŏƸƫ ƸŊĪ ENVIRONMENTAL POLICY ܏G żŰŰŏƸƸĪĪ®/ޠÿŲģŏƫƣĪǜŏĪǝĪģÿŲŲǀÿŧŧǣěǣƸŊĪ żŰƠĪŲƫÿƸŏżŲ ܉żÿƣģÿŲģÿŧŧĪŰƠŧżǣĪĪƫÿŲģĜżŲƸƣÿĜƸżƣƫżłƸŊĪ żŰƠÿŲǣÿƠƠŧŏĪƫƸżƸŊĪ ǀƫŏŲŃƸŊĪ żŰƠÿŲǣܹƫàŊŏƫƸŧĪěŧżǝĪƣżŧŏĜǣ܏¼ŊĪNǀŰÿŲ¦ŏŃŊƸƫżŧŏĜǣ żƣÿŲżŲǣŰżǀƫŧǣ܉G®/ޠĜÿŲěĪƣĪƠżƣƸĪģƸżƸŊĪßŏĜĪƣĪƫŏģĪŲƸżł¼ÿŧĪŲƸ łżƣƣĪƠżƣƸŏŲŃŤŲżǝŲżƣƫǀƫƠĪĜƸĪģŊǀŰÿŲƣŏŃŊƸƫǜŏżŧÿƸŏżŲƫ܏ßŏżŧÿƸŏżŲƫ ÿŲģ ŊÿǜĪ ĪƫƸÿěŧŏƫŊĪģ ŃƣŏĪǜÿŲĜĪ ŰĪĜŊÿŲŏƫŰƫ ܉ƣĪŰĪģŏÿƸŏżŲ ƠƣżĜĪƫƫĪƫ żƠĪƣÿƸĪŏŲܫǝĪǝŏŧŧƠƣżǜŏģĪłżƣżƣĜż܉ƸżÿģǜĪƣƫĪŊǀŰÿŲƣŏŃŊƸƫŏŰƠÿĜƸƫ ÿŲģ ƣĪƠżƣƸ żŲ ŊǀŰÿŲ ƣŏŃŊƸƫ ŏŰƠÿĜƸƫ܏ àŊĪƣĪ ǝĪ ĜÿǀƫĪ żƣ ĜżŲƸƣŏěǀƸĪ ÿŲģŰżŲŏƸżƣ܉ģǀĜƸƣĪŃǀŧÿƣÿŲģƣĪÿƫżŲÿěŧĪŊǀŰÿŲƣŏŃŊƸƫģǀĪģŏŧŏŃĪŲĜĪ ÿŲģǝĪĜżŲ-܉żƣŰżģĪƣŲƫŧÿǜĪƣǣ܉łżƣĜĪģŧÿěżƣ܉ŲżƸƸżŧĪƣÿƸĪĜŊŏŧģŧÿěżƣ ƣĪŃǀŧÿƸŏżŲƫ ÿŲģ ŏŲƸĪƣŲÿƸŏżŲÿŧ ƫƸÿŲģÿƣģƫ܏ àĪ ģż ܉ŊǀŰÿŲ ƣŏŃŊƸƫ ŧÿǝƫ ÿŲģĜżŰƠŧǣǝŏƸŊÿƠƠŧŏĜÿěŧĪ܉ÿƣĪŲżƸĜżŰƠŧŏĜŏƸŏŲŊǀŰÿŲƣŏŃŊƸƫÿěǀƫĪƫ ƫƸƣŏǜĪƸżĪŲƫǀƣĪƸŊÿƸǝĪ܉ŊǀŰÿŲƣŏŃŊƸƫÿŲģƸÿŤĪÿĜƸŏżŲƸżÿģģƣĪƫƫƸŊĪŰ ƫƠĪĜŏǿĜܫǝżƣŤƫ ÿŲģ ƣĪƢǀŏƣĪŰĪŲƸƫ܏ àĪ ƠĪƣŏżģŏĜÿŧŧǣ ƣĪǜŏĪǝ ŏŲģǀƫƸƣǣ żƠĪƣÿƸŏŲŃ ŏŲ ÿ ŰÿŲŲĪƣ ĜżŲƫŏƫƸĪŲƸ ǝŏƸŊ ŧĪÿģŏŲŃ ŏŲƸĪƣŲÿƸŏżŲÿŧ łƣÿŰĪ- ܉ĜżŰŰŏƸŰĪŲƸƸżƣĪƫƠĪĜƸƸŊĪŊǀŰÿŲƣŏŃŊƸƫżłÿŧŧżłżǀƣƫƸÿŤĪŊżŧģĪƣƫ żÿƣģŊÿƫÿģżƠƸĪģÿNǀŰÿŲ¦ŏŃŊƸƫżŧŏĜǣǝŊŏĜŊĪƫƸÿěŧŏƫŊĪƫżǀƣǀƣ HUMAN RIGHTS POLICY Statement of Corporate Governance Practices

ڙڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG Compensation & ESG Committee Chair Sir Michael “Mick” Davis ܉®ŏŲĜĪƣĪŧǣ continued support. ƫǀĜĜĪƫƫ ŏŲ ÿŧŏŃŲŰĪŲƸ ǝŏƸŊ ƫŊÿƣĪŊżŧģĪƣ ŏŲƸĪƣĪƫƸƫ܏ ¼ŊÿŲŤ ǣżǀ łżƣǣżǀƣ ƸĪƣŰǜŏĪǝżł żŰƠÿŲǣܫěǣĪŲĜżǀƣÿŃŏŲŃżǀƣĪǢĪĜǀƸŏǜĪƫƸżƸÿŤĪÿŧżŲŃ sation programs and sustainability initiatives that support the strategy ƸŊĪ żŰŰŏƸƸĪĪǝŏŧŧĜżŲƸŏŲǀĪƸżżǜĪƣƫĪĪżǀƣĜżŰƠĪŲ-܉ƠǀěŧŏĜĜżŰƠÿŲǣ Looking ahead: As Triple Flag implements its business strategy as a our sustainability approach. ĜżŰŰŏƸŰĪŲƸƸżƸƣÿŲƫƠÿƣĪŲĜǣÿŲģŊÿǜĪǀŲģĪƣƸÿŤĪŲÿƫƸƣÿƸĪŃŏĜƣĪǜŏĪǝżł ǝŊŏĜŊģĪŰżŲƫƸƣÿƸĪƫżǀƣ܉FŧÿŃܹƫŏŲÿǀŃǀƣÿŧÿŲŲǀÿŧ®ǀƫƸÿŏŲÿěŏŧŏƸǣ¦ĪƠżƣƸ ǝĪƫǀƠƠżƣƸĪģƸŊĪƠǀěŧŏĜÿƸŏżŲżł¼ƣŏƠŧĪ܉ƸĪƣŰƫƸÿŤĪŊżŧģĪƣǜÿŧǀĪ܏hÿƫƸǣĪÿƣ ܫƸĪÿŰƸżǀŲģĪƣƫƸÿŲģŊżǝǝĪĜÿŲĜżŲƸŏŲǀĪƸżƠƣŏżƣŏƸŏǭĪ/®GƸżĜƣĪÿƸĪŧżŲŃ ƸŊĪ żŰŰŏƸƸĪĪƣĪŃǀŧÿƣŧǣĪŲŃÿŃĪƫǝŏƸŊżǀƣŰÿŲÿŃĪŰĪŲƸ܉ĜżŰŰŏƸŰĪŲƸƫ ĪŲƫǀƣĪǝĪżƠĪƣÿƸĪŏŲÿŰÿŲŲĪƣƸŊÿƸŏƫĜżŲƫŏƫƸĪŲƸǝŏƸŊżǀƣƫǀƫƸÿŏŲÿěŏŧŏƸǣ ŃżżģÿŲģǝĪĜżŲģǀĜƸżǀƣƫĪŧǜĪƫŏŲŧŏŲĪǝŏƸŊƸŊŏƫłǀŲģÿŰĪŲƸÿŧǜÿŧǀĪ܏¼ż cated on the belief that business must create or be a force for public żǀƣÿƠƠƣżÿĜŊƸż/®GŏƫƠƣĪģŏ-܈ŰŏŲŏŲŃŏŲģǀƫƸƣǣÿŲģŊżƫƸĜżŰŰǀŲŏƸŏĪƫ ƸŊĪ܉ƸĪƣŰƫǀĜĜĪƫƫżłżǀƣżƣŃÿŲŏǭÿƸŏżŲܫƠĪƣłżƣŰÿŲĜĪŏƫĜƣŏƸŏĜÿŧƸżƸŊĪŧżŲŃ ŏŲǜĪƫƸĪĪĜżŰƠÿŲŏĪƫÿŲģĜżŰŰǀŲŏƸŏĪƫ܏àĪěĪŧŏĪǜĪƫƸƣżŲŃƫǀƫƸÿŏŲÿěŏŧŏƸǣ ܉ŏŲĜŧǀģŏŲŃżǀƣĪŰƠŧżǣĪĪƫ܉ƸŏǜĪĪŲŃÿŃĪŰĪŲƸǝŏƸŊÿŧŧżǀƣƫƸÿŤĪŊżŧģĪƣƫ ŊżǝżǀƣŰÿŲÿŃĪŰĪŲƸƸĪÿŰģĪŰżŲƫƸƣÿƸĪƫŧĪÿģĪƣƫŊŏƠÿŲģłżƫƸĪƣƫƠżƫŏ- sible for overseeing the performance of Triple Flag on sustainability and Taking a strategic approach to sustainability: The Committee is respon- ܏ÿŧŏŃŲǝŏƸŊŰÿƣŤĪƸƠƣÿĜƸŏĜĪ and qualitative measures of corporate and individual performance to ÿǝÿƣģƫǝŏŧŧěĪģĪƸĪƣŰŏŲĪģǀƫŏŲŃÿěÿŧÿŲĜĪģƫĜżƣĪĜÿƣģżłƢǀÿŲƸŏƸÿƸŏǜĪ ÿŲŲǀÿŧŏŲĜĪŲƸŏǜĪ܉ڎڎڌڎĪŃŏŲŲŏŲŃŏŲ܏ěÿƫĪģżŲŏŲģŏǜŏģǀÿŧƠĪƣłżƣŰÿŲĜĪ ƸǣŏŲŃĪǢĪĜǀƸŏǜĪƠÿǣƸżĪǢĜĪƠƸŏżŲÿŧƠĪƣłżƣŰÿŲĜĪÿŲģģŏǳłĪƣĪŲƸŏÿƸŏŲŃƠÿǣ ŃƣÿŰƣĪǝÿƣģƫĪǢĪĜǀƸŏǜĪƫłżƣƸŊĪǜÿŧǀĪƸŊĪǣěƣŏŲŃƸżƸŊĪ żŰƠÿŲǣěǣ be variable and depend on performance results. Triple Flag’s pay pro- ƫŊżǀŧģ܉ŏŲĜŧǀģŏŲŃżǀƣĪǢĪĜǀƸŏǜĪƸĪÿŰ܉ƸŊĪĪÿƣŲŏŲŃƫżłƸŊĪƫĪĪŰƠŧżǣĪĪƫ equity performance and contribution to society. A greater proportion of ܉ŃƣżǝƸŊÿŲģƣŏƫŤƠƣżǿŧĪ܉żǀƸƠǀƸƫģŏƣĪĜƸŧǣŏŰƠÿĜƸżǀƣĜżƣƠżƣÿƸĪĪÿƣŲŏŲŃƫ ǝĪǿƣƫƸŏģĪŲƸŏłǣƸŊżƫĪĪŰƠŧżǣĪĪƫǝŊżƫĪ܉ƫŏƫƸĪŲƸǝŏƸŊƸŊŏƫƠŊŏŧżƫżƠŊǣ ÿŧŏŃŲĪǢĪĜǀƸŏǜĪƠÿǣǝŏƸŊ żŰƠÿŲǣÿŲģŏŲģŏǜŏģǀÿŧƠĪƣłżƣŰÿŲĜĪ܏ żŲ- Aligning pay with performance: Our compensation philosophy is to performance philosophy. ܫłżƣܫĜżŲƫŏƫƸĪŲƸ ǝŏƸŊ żǀƣ Ơÿǣ ܉ƣĪƫǀŧƸƫ ǝŏƸŊżǀƸ ƸÿŤŏŲŃ ĪǢĜĪƫƫŏǜĪ ƣŏƫŤƫ ǝĪ ŧŏŲŤ ÿ ƫŏŃŲŏǿĜÿŲƸ ƠżƣƸŏżŲ żł ƸŊĪŏƣ Ơÿǣ Ƹż ÿĜŊŏĪǜŏŲŃ ƠĪƣłżƣŰÿŲĜĪ ܉ƸĪƣŰ żěšĪĜƸŏǜĪƫܫ¼ż ĪŲƫǀƣĪ żǀƣ ĪǢĪĜǀƸŏǜĪƫ ÿƣĪ ÿŧŏŃŲĪģ ǝŏƸŊ żǀƣ ŧżŲŃ ܏ƸĪÿŰłżƣÿĜŊŏĪǜŏŲŃǿŲÿŲĜŏÿŧÿŲģżƠĪƣÿƸŏżŲÿŧƠĪƣłżƣŰÿŲĜĪŰŏŧĪƫƸżŲĪƫ ĜżŰƠĪƸŏƸŏǜĪ ĜżŰƠĪŲƫÿƸŏżŲ żƠƠżƣƸǀŲŏƸŏĪƫ ƸŊÿƸ ƣĪǝÿƣģ żǀƣܫŰÿƣŤĪƸ ƸŊĪ żŰŰŏƸƸĪĪ ƣĪĜżŃŲŏǭĪƫ ǝĪ ŰǀƫƸ ƠƣżǜŏģĪ ܉ĜƣŏƸŏĜÿŧ Ƹż żǀƣ ƫǀĜĜĪƫƫ ƫŤŏŧŧƫÿŲģƠĪƣłżƣŰÿŲĜĪÿƣĪ܉żǀƣƸÿŧĪŲƸĪģĪǢĪĜǀƸŏǜĪƫǝŊżƫĪŤŲżǝŧĪģŃĪ forming and experienced management team. To retain and motivate ƠĪƣ-ܫŏŲĜŧǀģŏŲŃ ÿ ŊŏŃŊ ܉ƢǀÿƣƸŏŧĪ ĪŰƠŧżǣĪĪƫܫƣĪƸÿŏŲ ÿŲģ ŰżƸŏǜÿƸĪ ƸżƠ ܉ǝĪŲĪĪģƸżěĪÿěŧĪƸżÿƸƸƣÿĜƸ܉żěšĪĜƸŏǜĪƫ܏¼żÿĜŊŏĪǜĪƸŊĪƫĪżěšĪĜƸŏǜĪƫ ǝĪŰǀƫƸǿƣƫƸłżĜǀƫżŲżǀƣƫƸƣÿƸĪŃŏĜěǀƫŏŲĪƫƫżěšĪĜƸŏǜĪƫÿŲģǿŲÿŲĜŏÿŧ ܉ƸĪƣŰƫǀĜĜĪƫƫÿŲģƫǀƫƸÿŏŲÿěŏŧŏƸǣܫAttracting top-quartile talent:FżƣŧżŲŃ ܏ÿŲģƫǀƠƠżƣƸƫżǀƣĜżŰŰŏƸŰĪŲƸƸżƫǀƫƸÿŏŲÿěŏŧŏƸǣ܉ƠĪƣłżƣŰÿŲĜĪ ŏƫÿŧŏŃŲĪģǝŏƸŊ żŰƠÿŲǣÿŲģŏŲģŏǜŏģǀÿŧ܉ĜÿŧŏěĪƣƸÿŧĪŲƸܫÿŲģƣĪƸÿŏŲŊŏŃŊ changes to our executive pay program to ensure it continues to attract ǝĪ ŰÿģĪ ܉ƫǀĜĜĪƫƫ܏ ƫ ¼ƣŏƠŧĪ FŧÿŃ ƸƣÿŲƫŏƸŏżŲĪģ Ƹż ÿ ƠǀěŧŏĜ ĜżŰƠÿŲǣ our management team is motivated to support Triple Flag’s long-term ŏŲƸĪƣĪƫƸƫżłżǀƣĪǢĪĜǀƸŏǜĪƫǝŏƸŊƸŊżƫĪżłżǀƣƫŊÿƣĪŊżŧģĪƣƫǝŏŧŧĪŲƫǀƣĪ Our compensation program is built on the principle that aligning the holder interests. ěǀƫŏŲĪƫƫ ƫƸƣÿƸĪŃǣ ÿŲģ ÿŧŏŃŲ ǝŏƸŊ żŰƠÿŲǣ ƠĪƣłżƣŰÿŲĜĪ ÿŲģ ƫŊÿƣĪ- sustainability programs to ensure they support our core values and our executive and director compensation programs and the strategic G żŰŰŏƸƸĪĪżǜĪƣƫĪĪƫ®/ޠŲĪǝŧǣƠǀěŧŏĜĜżŰƠÿŲǣ܏¼ŊĪ żŰƠĪŲƫÿƸŏżŲ ŲÿŧǣƫŏƫÿƫÿޠƸżƫŊÿƣĪǝŏƸŊǣżǀżǀƣǿƣƫƸ żŰƠĪŲƫÿƸŏżŲ'ŏƫĜǀƫƫŏżŲ SÿŰƠŧĪÿƫĪģ܉ŲěĪŊÿŧłżłŰǣƫĪŧłÿŲģŰǣłĪŧŧżǝ żŰŰŏƸƸĪĪŰĪŰěĪƣƫ ܉'Īÿƣ®ŊÿƣĪŊżŧģĪƣƫ COMPENSATION DISCUSSION AND ANALYSIS Compensation Discussion and Analysis

ښڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏æżǀŲŃhhޠrƣ܏ßÿŲģĪƣŤżżǣǝÿƫÿ ŊÿƣƸĪƣĪģĜĜżǀŲƸÿŲƸÿƸ/ƣŲƫƸ ܉ěżƸŊŏŲ ÿŲÿģÿ܏ƣŏżƣƸżÿƸƸĪŲģŏŲŃŧÿǝƫĜŊżżŧ܉łƣżŰ¥ǀĪĪŲܹƫÃŲŏǜĪƣƫŏƸǣ ܡNżŲżǀƣƫܠÿĜŊĪŧżƣżł żŰŰĪƣĜĪÿŲģܡGżŧģrĪģÿŧŏƫƸܠàĪƫƸĪƣŲŲƸÿƣŏż ŧÿŤĪƫ܏rƣ܏ßÿŲģĪƣŤżżǣŊżŧģƫÿŧÿǝģĪŃƣĪĪłƣżŰƸŊĪÃŲŏǜĪƣƫŏƸǣżłÿƸ rƣ܏ßÿŲģĪƣŤżżǣěĪŃÿŲŊŏƫŧĪŃÿŧĜÿƣĪĪƣƠƣÿĜƸŏĜŏŲŃƸÿǢŧÿǝ܉ÿƸĪƠƣÿĜƸŏĜĪ ÿŲÿģÿ܏ƣŏżƣƸżƫƸÿƣƸŏŲŃŊŏƫĜżƣƠżƣ- ܉ŏŲ¼żƣżŲƸżܡ”Blakes“ܠGƣÿǣģżŲhh ޠÿƫƫĪŧƫ ܉ŧÿŤĪŊĪǝÿƫÿĜżƣƠżƣÿƸĪƠÿƣƸŲĪƣÿƸ܉ƣŏżƣƸżšżŏŲŏŲŃSŲŰĪƸ ܏hĪŃÿŧ ǳłÿŏƣƫ ÿƸ SŲŰĪƸ rŏŲŏŲŃ żƣƠżƣÿƸŏżŲ ܉hƸģ܏ ÿŲģ ®ĪŲŏżƣ 'ŏƣĪĜƸżƣ ŊĪ ǝÿƫ ƫƫŏƫƸÿŲƸ GĪŲĪƣÿŧ żǀŲƫĪŧ ÿƸ FŏƣƫƸ ¥ǀÿŲƸǀŰ rŏŲĪƣÿŧƫ ܉FŧÿŃ ݬǣĪÿƣƫżłĪǢƠĪƣŏĪŲĜĪŏŲƸŊĪŰŏŲŏŲŃƫĪĜƸżƣ܏ƣŏżƣƸż¼ƣŏƠŧĪڌڎǝŏƸŊ܉ƸĪÿŰ rƣ܏ßÿŲģĪƣŤżżǣŏƫÿłżǀŲģŏŲŃŰĪŰěĪƣżłƸŊĪ¼ƣŏƠŧĪFŧÿŃŰÿŲÿŃĪŰĪŲƸ ܏ڒڍڌڎdżŏŲĪģrÿǣ CFO Sheldon Vanderkooy, ܏ěżƸŊǝŏƸŊģŏƫƸŏŲĜƸŏżŲ܉tżƣƸŊǝĪƫƸĪƣŲÃŲŏǜĪƣƫŏƸǣ łƣżŰƸŊĪfĪŧŧżŃŃ®ĜŊżżŧżłrÿŲÿŃĪŰĪŲƸÿƸÿŲģÿŲr܉®żǀƸŊłƣŏĜÿ ŏŲrĪƸÿŧŧǀƣŃǣÿŲģrÿƸĪƣŏÿŧƫłƣżŰƸŊĪÃŲŏǜĪƣƫŏƸǣżłàŏƸǝÿƸĪƣƫƣÿŲģŏŲ ÿĜŊĪŧżƣżł®ĜŏĪŲĜĪ/ŲŃŏŲĪĪƣŏŲŃàŏƫŊ ÿŲÿģÿ܏NĪŊżŧģƫÿܫܫżłrÿŤĪ Ŋÿŏƣ ܫŏŲǀŰŏŲģǀƫƸƣŏĪƫÿƫÿƠƣżģǀĜƸŏżŲĪŲŃŏŲĪĪƣ܏rƣ܏ÃƫŰÿƣŏƫƸŊĪßŏĜĪ and started his career in mining operations in the steel and alum- ܉ŏŧŧŏƸżŲ ŏŲ żƣƠżƣÿƸĪ FŏŲÿŲĜĪ ŏŲ hżŲģżŲ N rƣ܏ ÃƫŰÿƣ ǝżƣŤĪģ ÿƸ ܉żłåƫƸƣÿƸÿܹƫŃŧżěÿŧtŏĜŤĪŧěǀƫŏŲĪƫƫŏŲ ÿŲÿģÿ܏ƣŏżƣƸżšżŏŲŏŲŃåƫƸƣÿƸÿ ÿŲģ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ܉ŧŧżǣƫěǀƫŏŲĪƫƫŏŲ®żǀƸŊłƣŏĜÿܫŃŧżěÿŧFĪƣƣż ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣżłåƫƸƣÿƸÿܹƫ ܉ǀƫŏŲĪƫƫ'ĪǜĪŧżƠŰĪŲƸŏŲhżŲģżŲ NŏƫƣżŧĪƫÿƸåƫƸƣÿƸÿŏŲĜŧǀģĪģGĪŲĪƣÿŧrÿŲÿŃĪƣżł܏ڏڍڌڎěǣGŧĪŲĜżƣĪŏŲ żłƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸģŏǜĪƣƫŏǿĪģŰŏŲĪƣƫÿƸƸŊĪƸŏŰĪżłŏƸƫÿĜƢǀŏƫŏƸŏżŲ ŰĪŰěĪƣżłƸŊĪŰÿŲÿŃĪŰĪŲƸƸĪÿŰƸŊÿƸŃƣĪǝƸŊĪĜżŰƠÿŲǣŏŲƸżżŲĪ ÿƫÿŲĪÿƣŧǣƫĪŲŏżƣĪǢĪĜǀƸŏǜĪڎڌڌڎƸǀƣĪƸŊĪĜżŰƠÿŲǣ܏NĪšżŏŲĪģåƫƸƣÿƸÿŏŲ ǝŊĪƣĪŊĪŊĪŧƠĪģƣĪƫƸƣǀĜ-܉ڒڍڌڎƸżڐڍڌڎłƣżŰ܉ÿƣƣŏĜŤGżŧģ żƣƠżƣÿƸŏżŲ ƫĪƣǜĪģÿƫ®ĪŲŏżƣ/ǢĪĜǀƸŏǜĪßŏĜĪƣĪƫŏģĪŲƸÿŲģ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣżł rƣ܏ÃƫŰÿƣ܉ŃƣżǝŏŲŃŰŏŲŏŲŃĜżŰƠÿŲŏĪƫ܏ƣŏżƣƸżłżǀŲģŏŲŃ¼ƣŏƠŧĪFŧÿŃ ĪǢĪĜǀƸŏǜĪŧĪÿģĪƣƫŊŏƠƣżŧĪƫłżƣƫżŰĪżłƸŊĪǝżƣŧģܹƫŧÿƣŃĪƫƸÿŲģłÿƫƸĪƫƸ ǿŲÿŲĜŏÿŧ ÿŲģ ܉ĪǢƠĪƣŏĪŲĜĪ ǝżƣŤŏŲŃ ÿƣżǀŲģ ƸŊĪ ŃŧżěĪ ŏŲ żƠĪƣÿƸŏżŲÿŧ ǣĪÿƣƫżłڑڎrƣ܏ÃƫŰÿƣŏƫÿŲŏŲƸĪƣŲÿƸŏżŲÿŧŰŏŲŏŲŃĪǢĪĜǀƸŏǜĪǝŏƸŊżǜĪƣ ܏ڒڍڌڎrÿǣ Founded the Company Director and CEO Shaun Usmar, G®/ޠÿŧĪŲƸ¼܉żÿƣģ ßŏĜĪƣĪƫŏģĪŲƸrƫ܏fÿƸǣ FŏŲÿŲĜĪ܉ÿƣŏ ßŏĜĪƣĪƫŏģĪŲƸrƣ܏/ěÿŲ SŲǜĪƫƸżƣ¦ĪŧÿƸŏżŲƫޠǜÿŧǀÿƸŏżŲƫ/܉rƣ܏dÿŰĪƫ'ĪŲģŧĪ ßŏĜĪƣĪƫŏģĪŲƸ rƣ܏®ŊĪŧģżŲßÿŲģĪƣŤżżǣ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ rƣ܏®ŊÿǀŲÃƫŰÿƣ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ tÿŰĪģ/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Position ܈żǀƣt/ƫÿƣĪ܉ڍڎڌڎ¼ŊĪłżŧŧżǝŏŲŃģŏƫĜǀƫƫŏżŲżǀƸŧŏŲĪƫƸŊĪƫŏŃŲŏǿĜÿŲƸĪŧĪŰĪŲƸƫżłƸŊĪĜżŰƠĪŲƫÿƸŏżŲƠƣżŃƣÿŰłżƣthe Company’s NEOs܏FżƣǿƫĜÿŧ INTRODUCTION REPORT ON EXECUTIVE COMPENSATION AND EQUITY OWNERSHIP Compensation Discussion and Analysis

ڛڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ŏŲĜżƣƠżƣÿƸĪģŏŲƸżżǀƣĜżŰƠĪŲƫÿƸŏżŲƠƣżŃƣÿŰÿƣĪģŏƫĜǀƫƫĪģěĪŧżǝ ŰŏƸŏŃÿƸŏŲŃƠƣÿĜƸŏĜĪƫƸŊÿƸǝĪŊÿǜĪܫƸŊĪŤĪǣƣŏƫŤ܉żŧŏĜǣģŏƫĜǀƫƫĪģÿěżǜĪ NĪģŃŏŲŃܫżŲƸŊĪĜżŰƠÿŲǣ܏SŲÿģģŏƸŏżŲƸżżǀƣSŲƫŏģĪƣ¼ƣÿģŏŲŃÿŲģŲƸŏ ÿŲǣ ƣŏƫŤƫ ƸŊÿƸ ÿƣĪ ƣĪÿƫżŲÿěŧǣ ŧŏŤĪŧǣ Ƹż ŊÿǜĪ ÿ ŰÿƸĪƣŏÿŧ ÿģǜĪƣƫĪ ĪǳłĪĜƸ G żŰŰŏƸƸĪĪ Ŋÿƫ ŲżƸ ŏģĪŲƸŏǿĪģ®/ ޠ ǀƸŏǜĪ ƸĪÿŰ܏ ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ practices do not encourage excessive risk-taking behavior by the exec- tion & ESG Committee also seeks to ensure the Company’s compensation ƣĪǝÿƣģĜżŲƫŏƫƸĪŲƸǝŏƸŊƸŊĪƣŏƫŤƠƣżǿŧĪżłƸŊĪ żŰƠÿŲǣ܏¼ŊĪ żŰƠĪŲƫÿ- tive compensation program provides an appropriate balance of risk and G żŰŰŏƸƸĪĪƫĪĪŤƫƸżĪŲƫǀƣĪƸŊĪĪǢĪĜǀ-®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉ǣĪÿƣ SŲƣĪǜŏĪǝŏŲŃƸŊĪ żŰƠÿŲǣܹƫĜżŰƠĪŲƫÿƸŏżŲƠżŧŏĜŏĪƫÿŲģƠƣÿĜƸŏĜĪƫĪÿĜŊ RISK AND EXECUTIVE COMPENSATION ܏ŏŲƸŊĪÃŲŏƸĪģ®ƸÿƸĪƫܡƸĪƣŲƫ®ܨtæÃܠÃŲŏǜĪƣƫŏƸǣ ÿŲģŊżŧģƫÿ ĪƣƸŏǿĜÿƸĪŏŲ żƣƠżƣÿƸĪ®ǀƫƸÿŏŲÿěŏŧŏƸǣłƣżŰtĪǝæżƣŤܡ¦Gܠ ÿGŧżěÿŧ¦ĪŰǀŲĪƣÿƸŏżŲƣżłĪƫƫŏżŲÿŧ܉ܡ ܠ żŰƠĪŲƫÿƸŏżŲƣżłĪƫƫŏżŲÿŧ ŏƫÿ ĪƣƸŏǿĪģ܉ÿĜŊĪŧżƣżł żŰŰĪƣĜĪłƣżŰ¦ǣĪƣƫżŲÃŲŏǜĪƣƫŏƸǣŏŲ ÿŲÿģÿ żÿƣģ Ŋżŧģƫ ÿ ܏ŏŲ ěżƸŊ ƸŊĪ ƠŊÿƣŰÿĜĪǀƸŏĜÿŧ ÿŲģ ŊżƸĪŧ ŏŲģǀƫƸƣŏĪƫ܏ rƫ żÿƣģ Ŋÿƫ ÿŧƫż ŊĪŧģ ǜÿƣŏżǀƫ ĜżƣƠżƣÿƸĪ ƠżƫŏƸŏżŲƫ ܏¼żƸÿŧ ¦Īǝÿƣģƫ܏ rƫ Gŧżěÿŧ܉ÿƣƣŏĜŤÿƫßŏĜĪƣĪƫŏģĪŲƸǣĪÿƣƫÿƸڌڍŏŲŏƸŏÿƸŏǜĪƫ܏®ŊĪÿŧƫżƫƠĪŲƸ GżǜĪƣŲÿŲĜĪ ÿŲģ 'ŏƫĜŧżƫǀƣĪ ܉ĪǢĪĜǀƸŏǜĪƫ żŲ /ǢĪĜǀƸŏǜĪ żŰƠĪŲƫÿƸŏżŲ ÿģǜŏƫŏŲŃÿŲģƠƣżǜŏģŏŲŃŏŲƫŏŃŊƸƸżěżƸŊěżÿƣģÿŲģܔŰŏŲŏŲŃĜżŰƠÿŲŏĪƫ ĜÿƠܫżÿƣģĜżŲƫǀŧƸĪģƸżǜÿƣŏżǀƫƫŰÿŧŧÿŲģŧÿƣŃĪ܏rƫ܉šżŏŲŏŲŃ¼ƣŏƠŧĪFŧÿŃ ŰżƣĪƸŊÿŲÿģżǭĪŲżłǝŊŏĜŊÿƣĪŏŲƸŊĪŰŏŲŏŲŃŏŲģǀƫƸƣǣ܏ƣŏżƣƸż܉ĪŲĜĪ ǣĪÿƣƫżłĪǢƠĪƣŏ-ڌڎżÿƣģŏƫÿŊǀŰÿŲƣĪƫżǀƣĜĪƫƠƣżłĪƫƫŏżŲÿŧǝŏƸŊ܏rƫ ܏ڕڍڌڎdżŏŲĪģǀŃǀƫƸ VP, Talent & ESG Katy Board, ܏łƣżŰƸŊĪÃŲŏǜĪƣƫŏƸǣżł¼żƣżŲƸżŏŲ ÿŲÿģÿܡNżŲżǀƣƫܠżł żŰŰĪƣĜĪ ÿĜŊĪŧżƣÿƣŏŊżŧģƫÿ܏rƣ܏ܡSŧŧŏŲżŏƫܠ ÿŲÿģÿÿƫǝĪŧŧÿƫŏŲƸŊĪÃŲŏƸĪģ®ƸÿƸĪƫ ÿƫ®ĪŲŏżƣ'ŏƣĪĜƸżƣFŏŲÿŲĜŏÿŧ¦ĪƠżƣƸŏŲŃ܏NĪŊżŧģƫÿ ģĪƫŏŃŲÿƸŏżŲŏŲ ÿƣƣŏĜŤÿŲģŰżƫƸƣĪĜĪŲƸŧǣŊĪƫƠĪŲƸŲŏŲĪǣĪÿƣƫÿƸ܉ƸżšżŏŲŏŲŃ¼ƣŏƠŧĪFŧÿŃ ŏŲǿŲÿŲĜŏÿŧƣĪƠżƣƸŏŲŃÿĜƣżƫƫĜżŰƠŧĪǢŰǀŧƸŏŲÿƸŏżŲÿŧżƣŃÿŲŏǭÿƸŏżŲƫ܏ƣŏżƣ ǣĪÿƣƫżłĪǢƠĪƣŏĪŲĜĪڌڎÿƣŏŏƫÿƫĪŲŏżƣǿŲÿŲĜĪƠƣżłĪƫƫŏżŲÿŧǝŏƸŊżǜĪƣ܏rƣ ܏ڔڍڌڎdżŏŲĪģ®ĪƠƸĪŰěĪƣ VP, Finance Eban Bari, is a Chartered Geologist of the Geological Society of London. ÿŲģ܉ÿŰěżƣŲĪ®ĜŊżżŧżłrŏŲĪƫŏŲƸŊĪÃf ܉łƣżŰƸŊĪÃŲŏǜĪƣƫŏƸǣżł/ǢĪƸĪƣ ܡŏƫƸŏŲĜƸŏżŲ'ܠÿŲģÿrÿƫƸĪƣżł®ĜŏĪŲĜĪŏŲrŏŲŏŲŃGĪżŧżŃǣܡ ŧÿƫƫNżŲżǀƣƫ ƫƸڍܠÿĜŊĪŧżƣżł®ĜŏĪŲĜĪŏŲƠƠŧŏĪģGĪżŧżŃǣ żƣƠ܏rƣ܏'ĪŲģŧĪŊżŧģƫÿ NĪŏƫÿŧƫżÿŰĪŰěĪƣżłƸŊĪěżÿƣģżłģŏƣĪĜƸżƣƫżłGżŧģ®ƠżƸ'ŏƫĜżǜĪƣŏĪƫ ܏ÿĜƣżƫƫƠƣĪģżŰŏŲÿŲƸŧǣěÿƫĪÿŲģƠƣĪĜŏżǀƫŰĪƸÿŧƫ܉ĪǢƠŧżƣÿƸŏżŲƠƣżšĪĜƸƫ ģĪǜĪŧżƠŰĪŲƸÿŲģ܉ǝżƣŤŏŲŃŃŧżěÿŧŧǣżŲÿǝŏģĪƣÿŲŃĪżłżƠĪƣÿƸŏŲŃŰŏŲĪƫ ܉hŏŰŏƸĪģܡÃfܠŊĪǝÿƫÿ®ĪŲŏżƣ żŲƫǀŧƸÿŲƸÿƸ®¦f żŲƫǀŧƸŏŲŃ܉¼ƣŏƠŧĪFŧÿŃ ŰǀŧƸŏģŏƫĜŏƠŧŏŲÿƣǣģǀĪģŏŧŏŃĪŲĜĪÿŲģƸĪĜŊŲŏĜÿŧƫƸǀģŏĪƫ܏ƣŏżƣƸżšżŏŲŏŲŃ ܉ěƣżÿģěÿĜŤŃƣżǀŲģŏŲĪƫƸŏŰÿƸŏŲŃÿŲģÿǀģŏƸŏŲŃƣĪƫżǀƣĜĪƫÿŲģƣĪƫĪƣǜĪƫ ĪŲĜĪŏŲěżƸŊƸŊĪƠƣŏǜÿƸĪƫĪĜƸżƣÿŲģŏŲĜżŲƫǀŧƸÿŲĜǣƫĪƣǜŏĜĪƫ܏NĪŊÿƫÿ ǣĪÿƣƫ żł Ńŧżěÿŧ ĪǢƠĪƣŏ- ڌڍ rƣ܏'ĪŲģŧĪ ŏƫ ÿ ŃĪżŧżŃŏƫƸ ǝŏƸŊ ŰżƣĪ ƸŊÿŲ ܏ړڍڌڎdżŏŲĪģrÿǣ Investor Relations VP, Evaluations & James Dendle, Compensation Discussion and Analysis

ڜڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ÿŲģǝŊŏĜŊģŏƫĜŧżƫǀƣĪƫÿƣĪŏŲĜżƣƠżƣÿƸĪģěǣƣĪłĪƣĪŲĜĪŊĪƣĪŏŲ ܉ŲŲǀÿŧ¦ĪƠżƣƸǝŊŏĜŊŏƫÿǜÿŏŧÿěŧĪżŲżǀƣ®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰڍڎڌڎŲÿŧǣƫŏƫżłƸŊĪ żŰƠÿŲǣܹƫޠƫĪĜƸŏżŲŏŲĜŧǀģĪģŏŲƸŊĪrÿŲÿŃĪŰĪŲƸܹƫ'ŏƫĜǀƫƫŏżŲܷܡܷ®/Gܶܠ/ƢǀŏǜÿŧĪŲƸǀŲĜĪƫ GżŧģܨSF¦®FŏŲÿŲĜŏÿŧĪƣłżƣŰÿŲĜĪrĪÿƫǀƣĪƫܫƠŧĪÿƫĪƫĪĪƸŊĪܶtżŲ܉ŏƫƫǀĪƣƫ܏FżƣłǀƣƸŊĪƣŏŲłżƣŰÿƸŏżŲÿŲģÿģĪƸÿŏŧĪģƣĪĜżŲĜŏŧŏÿƸŏżŲżłG/ƫƸżƸŊĪŰżƫƸģŏƣĪĜƸŧǣĜżŰƠÿƣÿěŧĪSF¦®ŰĪÿƫǀƣĪ SF¦®ǿŲÿŲĜŏÿŧƠĪƣłżƣŰÿŲĜĪŰĪÿƫǀƣĪǝŏƸŊŲżƫƸÿŲģÿƣģŏǭĪģŰĪÿŲŏŲŃǀŲģĪƣSF¦®ÿŲģƸŊĪƣĪłżƣĪŰÿǣŲżƸěĪĜżŰƠÿƣÿěŧĪƸżƫŏŰŏŧÿƣŰĪÿƫǀƣĪƫƠƣĪƫĪŲƸĪģěǣżƸŊĪƣܫ1 G/ƫÿƫƠƣĪƫĪŲƸĪģŏƫÿŲżŲ carbon neutrality throughout our investment activities. ÿŲģ ŰÿŏŲƸÿŏŲŏŲŃ ܉ƫǀƠƠżƣƸ ƸŊĪŏƣ ƫǀƫƸÿŏŲÿěŏŧŏƸǣ ŏŲǜĪƫƸŰĪŲƸ ƠƣŏżƣŏƸŏĪƫ ŏŲǜĪƫƸŏŲŃ ÿŧżŲŃƫŏģĪ żǀƣ ŰŏŲŏŲŃ ƠÿƣƸŲĪƣƫ Ƹż ܉ƠżƣƸłżŧŏż ŰÿŲÿŃĪŰĪŲƸ żŲŃżŏŲŃ܉ŏŲĜŧǀģŏŲŃƸŊƣżǀŃŊģĪƸÿŏŧĪģģǀĪģŏŧŏŃĪŲĜĪ܉ƸÿŏŲÿěŧĪŏŲǜĪƫƸŏŲŃ lightly. This strategy is supported by a fundamental approach to sus- tize per-share metrics as our equity is precious and dilution is not taken ÿŲģǝĪƠƣŏżƣŏ-܉ǀŲģĪƣƠŏŲŲĪģěǣƠƣǀģĪŲƸĜÿƠŏƸÿŧƫƸƣǀĜƸǀƣĪŰÿŲÿŃĪŰĪŲƸ Ŋŏƫŏƫ¼܏ܡƫŊÿƣĪěÿƫŏƫܫÿŧŧżŲÿƠĪƣܠƣĪƫĪƣǜĪƫÿŲģżƠƸŏżŲÿŧŏƸǣ܉łƣĪĪĜÿƫŊǵŧżǝ ܉ģĪŧŏǜĪƣŏŲŃŃƣżǝƸŊŏŲǜÿŧǀĪƠĪƣƫŊÿƣĪżǜĪƣƸŏŰĪěǣŃƣżǝŏŲŃżǀƣG/ƫ ŃƣżǝƸŊƠżƣƸłżŧŏżżłƠƣĪĜŏżǀƫŰĪƸÿŧƫƫƸƣĪÿŰƫÿŲģƣżǣÿŧƸŏĪƫ܏àĪłżĜǀƫżŲ ܫŊŏŃŊ ܉ƢǀÿŧŏƸǣܫàĪ ĜƣĪÿƸĪ ǜÿŧǀĪ łżƣ żǀƣ ŏŲǜĪƫƸżƣƫ ěǣ ěǀŏŧģŏŲŃ ÿ ŊŏŃŊ and strengthen our role as a leader in sustainable business practices. àĪŊÿǜĪÿĜŊŏĪǜĪģÿŲģǝŏŧŧĜżŲƸŏŲǀĪƸżŰÿŏŲƸÿŏŲżǀƣĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣ ܏ÿŲģŲżĜżŰŰŏƸŰĪŲƸƫłżƣƸŊĪłżƣĪƫĪĪÿěŧĪłǀƸǀƣĪ܉ÿĜĜżƣģŏżŲÿǜÿŏŧÿěŧĪ ŰŏŧŧŏżŲڌڌڍŰŏŧŧŏżŲǝŏƸŊÿŲÿģģŏƸŏżŲÿŧݕڌڌڑǀŲģƣÿǝŲĜƣĪģŏƸłÿĜŏŧŏƸǣżłݕ ÿŲ܉ŰŏŧŧŏżŲ ڍڐǝŏƸŊ ŲĪƸ ĜÿƫŊ żł żǜĪƣ ݕ ܉łƣĪĪܫàĪ ĪŲģĪģ ƸŊĪ ǣĪÿƣ ģĪěƸ ܏ƸŏĪƣšǀƣŏƫģŏĜƸŏżŲƫƸżƸŊĪƠżƣƸłżŧŏżܫƠƣŏŰÿƣŏŧǣƸżƠ ŊŏŃŊŧǣƠƣżƫƠĪĜƸŏǜĪĪǢƠŧżƣÿƸŏżŲƣżǣÿŧƸŏĪƫŏŲړڏ¼ŊĪƫĪÿĜƢǀŏƫŏƸŏżŲƫÿģģĪģ ܏ŰŏŧŧŏżŲڑłżƣݕ܉ÿƠƣŏǜÿƸĪĜżŰƠÿŲǣ܉ƠƣżšĪĜƸłƣżŰǭǀłƣĪƫƸÿĜÿŰÿ® r łżŧŏżĜżǜĪƣŏŲŃĜŧÿŏŰƫƠƣżǢŏŰÿŧƸżGżŧģFŏĪŧģƫhŏŰŏƸĪģܹƫ®ÿŧÿƣĪƫtżƣƸĪ ǝĪÿĜƢǀŏƣĪģÿ ŊŏŧĪÿŲƣżǣÿŧƸǣƠżƣƸ-܉ڍڎڌڎŏŲ'ĪĜĪŰěĪƣ܉ŰŏŧŧŏżŲÿŲģڒڐݕ ƸŊĪÿĜƢǀŏƫŏƸŏżŲżłÿƣżǣÿŧƸǣƠżƣƸłżŧŏżłƣżŰSrGh' żƣƠżƣÿƸŏżŲłżƣ ǝĪ ĜŧżƫĪģ ܉ڍڎڌڎ ǜŏƫŏƸƫ ÿŲģ ŃĪŲĪƣÿƸŏŲŃ ŏŲǜĪƫƸŰĪŲƸ ƠƣżƠżƫÿŧƫ܏ /ÿƣŧǣ ŏŲ ĜżżƣģŏŲÿƸŏŲŃ ģǀĪ ģŏŧŏŃĪŲĜĪ ƫŏƸĪ ܉ƫǀěŰŏƸƸŏŲŃ żǳłĪƣƫ ܉żƠƠżƣƸǀŲŏƸŏĪƫ żǀƣĪǢĪĜǀƸŏǜĪƸĪÿŰǝÿƫĪǢƸƣĪŰĪŧǣÿĜƸŏǜĪƣĪǜŏĪǝŏŲŃŲĪǝģĪÿŧ܉ƸŊĪS ŲĪǝ ŃƣżǝƸŊ żƠƠżƣƸǀŲŏƸŏĪƫ ƸŊƣżǀŃŊ ÿĜĜƣĪƸŏǜĪ ģĪÿŧƫ܏ tżƸǝŏƸŊƫƸÿŲģŏŲŃ ǝŊŏĜŊǝŏŧŧŊĪŧƠłǀŲģ܉ǝŏƸŊƫŏŃŲŏǿĜÿŲƸŧŏƢǀŏģŏƸǣÿŲģŲżŲĪƸģĪěƸ܉łǀƸǀƣĪ ěƣżÿģĪŲĪģ żǀƣ żǝŲĪƣƫŊŏƠ ěÿƫĪ ÿŲģ ƫƸƣÿƸĪŃŏĜ ÿŧƸĪƣŲÿƸŏǜĪƫ łżƣ ƸŊĪ ǝŊŏĜŊ ܉ģĪǜżƸĪģ ĜżŲƫŏģĪƣÿěŧĪ ƣĪƫżǀƣĜĪƫ Ƹż ģĪŧŏǜĪƣ żǀƣ ƫǀĜĜĪƫƫłǀŧ S ƸŊĪ ƸĪÿŰ ܉żŲ ƸŊĪ ĜżƣƠżƣÿƸĪ ģĪǜĪŧżƠŰĪŲƸ ƫŏģĪ ܉FŏƣƫƸ ÿŲģ łżƣĪŰżƫƸ additional investment. ǝŊŏĜŊ ÿģģĪģ ŰżƣĪ ƸŊÿŲ ÿ ģĪĜÿģĪ żł ŰŏŲĪ ŧŏłĪ żŲ ƸŊŏƫ ÿƫƫĪƸ łżƣ Ųż ܉ڍڎڌڎłƣĪƫŊƣżĜŤƠƣżšĪĜƸŏŲĜƸżěĪƣżłܡ”ATO“ܠƸŊĪŧƸÿŲ¼ƫÿŃÿÿŲǜżż ǝÿƫ ƸŊĪ ƠǀěŧŏƫŊŏŲŃ ěǣ ®ƸĪƠƠĪ Gżŧģ hƸģ܏ żł ƸŊĪ łĪÿƫŏěŏŧŏƸǣ ƫƸǀģǣżŲ ŊĪŰżƫƸŰÿƸĪƣŏÿŧƠżƫŏƸŏǜĪĜŊÿŲŃĪƸżƸŊĪƠżƣƸłżŧŏż¼܏ܡŰŏŧŧŏżŲڐڔݕܠǵŧżǝ ÿŲģ żƠĪƣÿƸŏŲŃ ĜÿƫŊ ܡƣĪƫƠĪĜƸŏǜĪŧǣ ܉G/ƫ1 ڕڑڌ܉ڏڒ ŰŏŧŧŏżŲ ÿŲģ ڒ܏ڎڍڍݕܠ ǜĪƣƫǀƫƸŊĪƠƣŏżƣǣĪÿƣܹƫƣĪĜżƣģƣĪǜĪŲǀĪÿŲģƫÿŧĪƫǜżŧǀŰĪƫܡŰŏŧŧŏżŲڌڎڍݕܠ ÿŲģ żƠĪƣÿƸŏŲŃ ĜÿƫŊ ǵŧżǝ ܡƣĪƫƠĪĜƸŏǜĪŧǣ ܉ĪƢǀŏǜÿŧĪŲƸ żǀŲĜĪƫ ܶG/ƫܷ1 Ńżŧģ ڎڌڒ܉ڏڔ ŰŏŧŧŏżŲ ÿŲģ ڐ܏ڌڑڍݕܠ ǣĪÿƣŧǣ ƣĪǜĪŲǀĪ ÿŲģ ƫÿŧĪƫ ǜżŧǀŰĪƫ ǀŲĜĪƣƸÿŏŲƸǣ ÿŲģ ƫǀƠƠŧǣ ĜŊÿŏŲ ģŏƫƣǀƠƸŏżŲƫ܏ àĪ Ŋÿģ ƣĪĜżƣģ ڕڍܫ' ßS żǀƣƠżƣƸłżŧŏżƠĪƣłżƣŰĪģǝĪŧŧģĪƫƠŏƸĪƸŊĪěÿĜŤģƣżƠżłżŲŃżŏŲŃ܉ڍڎڌڎSŲ PERFORMANCE HIGHLIGHTS rtæFStt Sh ڗژږژ ܏ƠżƫŏƸŏżŲĪģÿƫǝĪŧżżŤƸżƸŊĪłǀƸǀƣĪ ǝĪěĪŧŏĪǜĪƸŊÿƸ¼ƣŏƠŧĪFŧÿŃŏƫǝĪŧŧ܉ŏƸŏżŲÿŧŊÿǜĪŲ܏àŏƸŊƸŊŏƫěÿĜŤģƣżƠ ǀŲĜĪƣƸÿŏŲƸŏĪƫŊÿǜĪÿŧƫżŃĪŲĪƣÿƸĪģƣĪŲĪǝĪģŏŲƸĪƣĪƫƸŏŲŃżŧģÿƫÿƸƣÿģ- cost escalation and subsequent margin compression. Persistent global ěǀƸŏŲƫǀŧÿƸĪģłƣżŰżƠĪƣÿƸŏŲŃÿŲģĜÿƠŏƸÿŧ܉ƸżƸżƠŧŏŲĪƣĪǜĪŲǀĪŃƣżǝƸŊ ǝŏƸŊĪǢƠżƫǀƣĪ܉ŲĪƫƫŰżģĪŧŏƫŏģĪÿŧŧǣƫŏƸǀÿƸĪģŏŲƫǀĜŊÿŲĪŲǜŏƣżŲŰĪŲƸ ŏŲĜŧǀģŏŲŃƸŊĪŰŏŲŏŲŃƫĪĜƸżƣ܏¼ŊĪƫƸƣĪÿŰŏŲŃÿŲģƣżǣÿŧƸǣěǀƫŏ-܉ĪĜżŲżŰǣ pressures have become increasingly prevalent throughout the global ĜżƫƸ܉ƫĪĜƸżƣŊÿƫƠĪƣłżƣŰĪģƫƸƣżŲŃŧǣ܏ǽƸĪƣÿģĪĜÿģĪżłěĪŲŏŃŲŏŲǵŧÿƸŏżŲ ƸŊĪŰŏŲŏŲŃ܉ڕڍܫ''ĪƫƠŏƸĪƸŊĪżŲŃżŏŲŃǀŲĜĪƣƸÿŏŲƸŏĪƫƫǀƣƣżǀŲģŏŲŃ ßS metals IPO globally since 2008. ÿŲģƸŊĪŧÿƣŃĪƫƸƠƣĪĜŏżǀƫ܉ڎڍڌڎƸŊĪŧÿƣŃĪƫƸŰŏŲŏŲŃSżŲƸŊĪ¼®åƫŏŲĜĪ TSX”) listed publicly traded company in“ܠ ÿ ¼żƣżŲƸż ®ƸżĜŤ /ǢĜŊÿŲŃĪ łżƣŰÿƸŏżŲÿŧłżƣ¼ƣŏƠŧĪFŧÿŃ܏àĪƸƣÿŲƫŏƸŏżŲĪģłƣżŰÿƠƣŏǜÿƸĪĜżŰƠÿŲǣƸż ǝÿƫƸƣÿŲƫ-ڍڎڌڎ܉SŲÿǣĪÿƣǿŧŧĪģǝŏƸŊŲĪǝĜŊÿŧŧĪŲŃĪƫÿŲģżƠƠżƣƸǀŲŏƸŏĪƫ ß/¦ßS/àڗژږژ Compensation Discussion and Analysis

ڝڙ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ڌڎڌڎżǀŲĜĪƫŏŲڕڑڌ܉ڏڒ łƣżŰ܉żǀŲĜĪƫڎڌڒ܉ڏڔ %ڙڙ ڗGEOs SOLD ܏ÿŲģǝŊŏĜŊģŏƫĜŧżƫǀƣĪƫÿƣĪŏŲĜżƣƠżƣÿƸĪģěǣƣĪłĪƣĪŲĜĪŊĪƣĪŏŲ܉ǝŊŏĜŊŏƫÿǜÿŏŧÿěŧĪżŲżǀƣ®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰ܉¦ĪƠżƣƸ ŲŲǀÿŧڍڎڌڎŲÿŧǣƫŏƫżłƸŊĪ żŰƠÿŲǣܹƫޠSF¦®FŏŲÿŲĜŏÿŧĪƣłżƣŰÿŲĜĪrĪÿƫǀƣĪƫܷƫĪĜƸŏżŲŏŲĜŧǀģĪģŏŲƸŊĪrÿŲÿŃĪŰĪŲƸܹƫ'ŏƫĜǀƫƫŏżŲܫƠŧĪÿƫĪƫĪĪƸŊĪܶtżŲ܉ĜżŰƠÿƣÿěŧĪSF¦®ŰĪÿƫǀƣĪƫ SF¦®ǿŲÿŲĜŏÿŧƠĪƣłżƣŰÿŲĜĪŰĪÿƫǀƣĪƫƸżƸŊĪŰżƫƸģŏƣĪĜƸŧǣܫĜżŰƠÿƣÿěŧĪƸżƫŏŰŏŧÿƣŰĪÿƫǀƣĪƫƠƣĪƫĪŲƸĪģěǣżƸŊĪƣŏƫƫǀĪƣƫ܏FżƣłǀƣƸŊĪƣŏŲłżƣŰÿƸŏżŲÿŲģÿģĪƸÿŏŧĪģƣĪĜżŲĜŏŧŏÿƸŏżŲżłƸŊĪƫĪŲżŲ SF¦®ǿŲÿŲĜŏÿŧƠĪƣłżƣŰÿŲĜĪŰĪÿƫǀƣĪƫǝŏƸŊŲżƫƸÿŲģÿƣģŏǭĪģŰĪÿŲŏŲŃǀŲģĪƣSF¦®ÿŲģƸŊĪƣĪłżƣĪŰÿǣŲżƸěĪܫS¼'ÿƫƠƣĪƫĪŲƸĪģÿƣĪŲżŲÿŲģģšǀƫƸĪģ/܉ģšǀƫƸĪģtĪƸ/ÿƣŲŏŲŃƫ܉G/ƫ 1 ڌڎڌڎŰŏŧŧŏżŲŏŲڎ܏ڒڕݕ łƣżŰ܉ŰŏŧŧŏżŲڑ܏ڏڎڍݕ %ڞژ ڗADJUSTED EBITDA ڌڎڌڎŏŲܡƫŊÿƣĪܕڍڎ܏ڌݕܠ ŰŏŧŧŏżŲڐ܏ڐڎłƣżŰݕ ܉ܡƫŊÿƣĪܕڕڏ܏ڌݕܠŰŏŧŧŏżŲڒ܏ړڑݕ %ڜڙڗ ڗADJUSTED NET EARNINGS in 2020 ƫŊÿƣĪܕڔڐ܏ڌݕܠŰŏŧŧŏżŲڒ܏ڑڑݕ ĜżŰƠÿƣĪģƸż܉ܡƫŊÿƣĪܕڍڏ܏ڌݕܠ Mڛ܏ڛښ ݕ NET EARNINGS ڌڎڌڎŰŏŧŧŏżŲŏŲڐ܏ڐڔݕ łƣżŰ܉ŰŏŧŧŏżŲڌ܏ڌڎڍݕ %ژښ OPERATING CASH FLOW ڌڎڌڎŰŏŧŧŏżŲŏŲڒ܏ڎڍڍݕ łƣżŰ܉ŰŏŧŧŏżŲڐ܏ڌڑڍݕ %ښڙ REVENUE ܈ŏŲĜŧǀģĪƸŊĪłżŧŧżǝŏŲŃڍڎڌڎFŏŲÿŲĜŏÿŧŊŏŃŊŧŏŃŊƸƫłżƣ Compensation Discussion and Analysis

ڞڙ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ܡݕrܠ ڗܦ®®hܠ®/¦tStG ADJUSTED NET ܡݕrܠ ܦ®®hܠ®t/¼/¦tStG ܡݕrܠ ڗADJUSTED EBITDA 57.6$ 24.4$ (2.4$) (8.6$) (7.4$) ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 60 45 30 15 0 15- 45.5$ 55.6$ (29.0$) 0$ (13.8$) ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 60 45 30 15 0 15- 123.5$ 96.2$ 48.3$ 34.4$ 31.8$ ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 120 90 60 30 0 ܡƫڌڌڌܠ ڗGEOs ܡݕrܠ OPERATING CASH FLOW ܡݕrܠ REVENUE 83.6 63.1 42.4 34.3 32.7 ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 80 60 40 20 0 120.0$ 84.4$ 39.7$ 27.9$ 27.1$ ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 120 90 60 30 0 150.4$ 112.6$ 59.1$ 43.0$ 41.0$ ڗژږژ ږژږژ ڟڗږژ ڞڗږژ ڝڗږژ 150 120 90 60 30 0 ܏ÿŲģǝŊŏĜŊģŏƫĜŧżƫǀƣĪƫÿƣĪŏŲĜżƣƠżƣÿƸĪģěǣƣĪłĪƣĪŲĜĪŊĪƣĪŏŲ܉ǝŊŏĜŊŏƫÿǜÿŏŧÿěŧĪżŲżǀƣ®/'¦ƠƣżǿŧĪÿƸǝǝǝ܏ƫĪģÿƣ܏ĜżŰ܉¦ĪƠżƣƸ ŲŲǀÿŧڍڎڌڎŲÿŧǣƫŏƫżłƸŊĪ żŰƠÿŲǣܹƫޠSF¦®FŏŲÿŲĜŏÿŧĪƣłżƣŰÿŲĜĪrĪÿƫǀƣĪƫܷƫĪĜƸŏżŲŏŲĜŧǀģĪģŏŲƸŊĪrÿŲÿŃĪŰĪŲƸܹƫ'ŏƫĜǀƫƫŏżŲܫƠŧĪÿƫĪƫĪĪƸŊĪܶtżŲ܉ĜżŰƠÿƣÿěŧĪSF¦®ŰĪÿƫǀƣĪƫ SF¦®ǿŲÿŲĜŏÿŧƠĪƣłżƣŰÿŲĜĪŰĪÿƫǀƣĪƫƸżƸŊĪŰżƫƸģŏƣĪĜƸŧǣܫĜżŰƠÿƣÿěŧĪƸżƫŏŰŏŧÿƣŰĪÿƫǀƣĪƫƠƣĪƫĪŲƸĪģěǣżƸŊĪƣŏƫƫǀĪƣƫ܏FżƣłǀƣƸŊĪƣŏŲłżƣŰÿƸŏżŲÿŲģÿģĪƸÿŏŧĪģƣĪĜżŲĜŏŧŏÿƸŏżŲżłƸŊĪƫĪŲżŲ SF¦®ǿŲÿŲĜŏÿŧƠĪƣłżƣŰÿŲĜĪŰĪÿƫǀƣĪƫǝŏƸŊŲżƫƸÿŲģÿƣģŏǭĪģŰĪÿŲŏŲŃǀŲģĪƣSF¦®ÿŲģƸŊĪƣĪłżƣĪŰÿǣŲżƸěĪܫS¼'ÿƫƠƣĪƫĪŲƸĪģÿƣĪŲżŲÿŲģģšǀƫƸĪģ/܉ģšǀƫƸĪģtĪƸ/ÿƣŲŏŲŃƫ܉1 G/ƫ Compensation Discussion and Analysis

ڟڙ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG Provide only limited perquisites ށ short-term incentive plan ǀŲģĪƣżǀƣܡƠÿǣżǀƸŏƫƠżƫƫŏěŧĪڴݕܠƸĪƣŰŏŲĜĪŲƸŏǜĪƠŧÿŲ X GǀÿƣÿŲƸĪĪŰŏŲŏŰǀŰƠÿǣżǀƸƫܫNÿǜĪƸŊƣĪƫŊżŧģƫÿŲģŰÿǢŏŰǀŰƫżŲżǀƣƫŊżƣƸ ށ to the Company X tżÿƫƠĪĜƸżłƸŊĪƠÿǣƠżŧŏĜŏĪƫżƣƠƣÿĜƸŏĜĪƫƠżƫĪŰÿƸĪƣŏÿŧÿģǜĪƣƫĪƣŏƫŤ unearned incentive pay ƠżŧŏĜǣƸżƣĪĜÿƠƸǀƣĪܡĜŧÿǝěÿĜŤܠrÿŏŲƸÿŏŲÿĜżŰƠĪŲƫÿƸŏżŲƣĪĜżǜĪƣǣ ށ ĪƢǀŏƣĪĪǢĪĜǀƸŏǜĪƫƸżŰĪĪƸŰŏŲŏŰǀŰƫŊÿƣĪżǝŲĪƣƫŊŏƠƣĪƢǀŏƣĪŰĪŲƸƫ X Tax gross-ups¦ ށ X ¦ĪƠƣŏĜŏŲŃƫżłǀŲģĪƣǝÿƸĪƣƫƸżĜŤżƠƸŏżŲƫ relevant peer group companies Compare executive compensation and company performance to ށ X GǀÿƣÿŲƸĪĪÿŲŲǀÿŧŏŲĜƣĪÿƫĪƫŏŲĜżŰƠĪŲƫÿƸŏżŲżƣŃƣÿŲƸƫżłŏŲĜĪŲƸŏǜĪÿǝÿƣģƫ ÿŲģǿǢĪģÿŲģǜÿƣŏÿěŧĪƠÿǣ ĜÿƫŊÿŲģĪƢǀŏƸǣ܉ƸĪƣŰŏŲĜĪŲƸŏǜĪƫܫÿŲģŧżŲŃܫÿŧÿŲĜĪÿŰżŲŃƫŊżƣƸ ށ X Single-trigger change-in-control provisions and long-term incentive plans Link executive pay to company performance through our annual ށ What We Do What We Don’t Do ܈¼ŊĪ żŰƠÿŲǣĪŰƠŧżǣƫƸŊĪłżŧŧżǝŏŲŃěĪƫƸƠÿǣƠƣÿĜƸŏĜĪƫƸŊÿƸƣĪǵŧĪĜƸƸŊĪ żŰƠÿŲǣܹƫĜżŰƠĪŲƫÿƸŏżŲƠŊŏŧżƫżƠŊǣ PAY POLICIES AND PRACTICES the market. ÿƫǝĪŧŧÿƫżƸŊĪƣłÿĜƸżƣƫǝŊŏĜŊŰÿǣěĪĜżŰĪƣĪŧĪǜÿŲƸÿƫǝĪĜżŰƠĪƸĪŏŲ ܉ěÿƫŏƫÿŲģÿƣĪŃǀŏģĪģěǣƸŊĪƠŊŏŧżƫżƠŊǣÿŲģżěšĪĜƸŏǜĪƫżǀƸŧŏŲĪģÿěżǜĪ ƸĪÿŰ܏àĪƣĪǜŏĪǝƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣĪǢĪĜǀƸŏǜĪƸĪÿŰżŲÿŲÿŲŲǀÿŧ providing competitive compensation opportunities for our executive ǝŏŧŧĜżŲƸŏŲǀĪĪǜÿŧǀÿƸŏŲŃżǀƣĜżŰƠĪŲƫÿƸŏżŲƠƣÿĜƸŏĜĪƫƸżĪŲƫǀƣĪǝĪÿƣĪ ÿŲģǝĪ܉ŃƣÿŰŏƫģĪƫŏŃŲĪģƸżÿƸƸƣÿĜƸÿŲģƣĪƸÿŏŲĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƸÿŧĪŲƸ ŏŲƸĪƣĪƫƸƫżłżǀƣƫŊÿƣĪŊżŧģĪƣƫ܏ǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣĜżŰƠĪŲƫÿƸŏżŲƠƣż- ƸĪƣŰܫÿŲģÿŧƫżÿŧŏŃŲƸŊĪŏƣŏŲƸĪƣĪƫƸƫǝŏƸŊƸŊĪŧżŲŃ܉ǿŲÿŲĜŏÿŧżěšĪĜƸŏǜĪƫ ŰżƸŏǜÿƸĪżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫƸżÿĜŊŏĪǜĪżǀƣƫƸƣÿƸĪŃŏĜěǀƫŏŲĪƫƫÿŲģ ěÿƫĪģĜżŰƠĪŲƫÿƸŏżŲÿǝÿƣģƫܫàĪěĪŧŏĪǜĪƸŊÿƸĪƢǀŏƸǣ܏ܡܹ’‘‘Omnibus Plan ƸŊĪܠ ǀŲģĪƣ żǀƣ żŰŲŏěǀƫ ĪƢǀŏƸǣ ŏŲĜĪŲƸŏǜĪ ƠŧÿŲ ܡܹ’RSUs‘ܸܠ ƫŊÿƣĪ ǀŲŏƸƫ ƸżżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫǝŊŏĜŊĜżŲƫŏƫƸĪģżłƫƸżĜŤżƠƸŏżŲƫÿŲģƣĪƫƸƣŏĜƸĪģ ƸĪƣŰŏŲĜĪŲƸŏǜĪƫܫǝĪŃƣÿŲƸĪģŧżŲŃ܉ڍڎڌڎƫÿŧÿƣǣÿŲģÿŲÿŲŲǀÿŧěżŲǀƫ܏SŲ àĪżǳłĪƣżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫĜÿƫŊĜżŰƠĪŲƫÿƸŏżŲŏŲƸŊĪłżƣŰżłěÿƫĪ engaged talent acquisition and development in our organization. most obvious manifestation of the success of this approach to highly years from a position of obscurity and no foundational asset base is the ŧĪÿģŏŲŃ ŃƣżǝƸŊ żǜĪƣ ƸŊĪ ƠÿƫƸǿǜĪܫƸŊĪ ěĪƫƸ ŏŲ ƸŊĪ ƫĪĜƸżƣ܏ ¼ŊĪ ƫĪĜƸżƣ ƫƠĪĜŏÿŧŏǭĪģÿŲģĪǢƸƣĪŰĪŧǣƠƣżģǀĜƸŏǜĪĪǢĪĜǀƸŏǜĪƸĪÿŰƸŊÿƸƣÿŲŤƫǝŏƸŊ ܉ÿƠƠƣżÿĜŊŊÿƫĪŲÿěŧĪģǀƫƸżÿƸƸƣÿĜƸÿŲģƣĪƸÿŏŲÿŊŏŃŊŧǣĪǢƠĪƣŏĪŲĜĪģ talent and compensation on a more static and incremental basis. This ÿŲĜŊżƣĪģ ÿƸ ÿ ƠżŏŲƸ ŏŲ ƸŏŰĪ ǝŏƸŊ ƫŏŰŏŧÿƣŧǣ ƫŏǭĪģ ƠĪĪƣƫ ÿŲģ ŃƣżǝŏŲŃ ƣÿƸŊĪƣƸŊÿŲ܉ŏƸǣŰÿšżƣƠƣĪĜŏżǀƫŰĪƸÿŧƫƫƸƣĪÿŰŏŲŃÿŲģƣżǣÿŧƸǣĜżŰƠÿŲǣ talent has been aimed at delivering our ambition of being a high-qual- żǀƣƠŊŏŧżƫżƠŊǣżŲƸÿƣŃĪƸŏŲŃƸżƠ܉ڒڍڌڎFƣżŰƸŊĪƫƸÿƣƸżłżǀƣšżǀƣŲĪǣŏŲ by our executive team. • provide incentives that encourage appropriate levels of risk-taking ÿŲģܔƠĪƣłżƣŰÿŲĜĪƣĪŧÿƸŏżŲƫŊŏƠܫłżƣܫĜƣĪÿƸĪÿƫƸƣżŲŃƠÿǣ • ܔÿěŏŧŏƸǣÿŲģĜżŰŰǀŲŏƸǣģĪǜĪŧżƠŰĪŲƸŏŲŏƸŏÿƸŏǜĪƫ demonstrate leadership and foster positive engagement in sustain- • ܔƸĪƣŰǜÿŧǀĪÿŲģŃƣżǝƸŊżłżǀƣěǀƫŏŲĪƫƫܫƸŊĪŧżŲŃ ŊżŧģĪƣƫěǣƸǣŏŲŃÿƫŏŃŲŏǿĜÿŲƸƠżƣƸŏżŲżłĜżŰƠĪŲƫÿƸŏżŲģŏƣĪĜƸŧǣƸż ÿŧŏŃŲƸŊĪŏŲƸĪƣĪƫƸƫżłżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫǝŏƸŊƸŊżƫĪżłżǀƣƫŊÿƣĪ- • ܔƸÿŏŲŏŲŃƫƸƣżŲŃǿŲÿŲĜŏÿŧĜÿƠÿĜŏƸǣƸżłǀŲģÿƫƫĪƸŃƣżǝƸŊ ÿŲģŰÿŏŲ-܉ĜżǀŧģŧĪÿģƸżłǀƸǀƣĪĜÿƫŊǵŧżǝŏŲŃƫƸƣĪÿŰƫÿŲģƣżǣÿŧƸŏĪƫ ƣżǣÿŧƸŏĪƫÿŲģŏŲǜĪƫƸŰĪŲƸƫƸŊÿƸ܉ĜƣĪÿƸŏżŲÿŲģÿĜƢǀŏƫŏƸŏżŲƫżłƫƸƣĪÿŰƫ ŏŲĜŧǀģŏŲŃŃƣżǝŏŲŃżǀƣÿƫƫĪƸěÿƫĪƸŊƣżǀŃŊƸŊĪ܉ǿŲÿŲĜŏÿŧżěšĪĜƸŏǜĪƫ motivate our executive team to achieve our strategic business and • ܔƫŤŏŧŧƫÿŲģƠĪƣłżƣŰÿŲĜĪÿƣĪĜƣŏƸŏĜÿŧƸżżǀƣƫǀĜĜĪƫƫ܉ǝŊżƫĪŤŲżǝŧĪģŃĪ ܉ƠĪƣłżƣŰŏŲŃÿŲģĪǢƠĪƣŏĪŲĜĪģĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫܫŊŏŃŊ܉ƣĪƸÿŏŲƸÿŧĪŲƸĪģ provide competitive compensation opportunities to attract and • ܈łżŧŧżǝŏŲŃżěšĪĜƸŏǜĪƫ Our executive compensation program is designed to achieve the ܏ƣĪƸÿŏŲÿŲģŰżƸŏǜÿƸĪÿŊŏŃŊŧǣƸÿŧĪŲƸĪģĪǢĪĜǀƸŏǜĪƸĪÿŰ܉ÿƸƸƣÿĜƸ ǝĪŲĪĪģƸż܉¼żÿĜŊŏĪǜĪżǀƣƫƸƣÿƸĪŃŏĜěǀƫŏŲĪƫƫÿŲģǿŲÿŲĜŏÿŧżěšĪĜƸŏǜĪƫ quality dimensions. ŰżƫƸǜÿŧǀÿěŧĪĜżŰƠĪƸŏƸżƣƫŏŲƸŊĪƫĪĜƸżƣżŲŤĪǣ܉ÿŧŏŃŲĪģǝŏƸŊƸŊĪŧÿƣŃĪƫƸ ǝŏƸŊƠżƣƸłżŧŏżĜŊÿƣÿĜƸĪƣŏƫƸŏĜƫ܉ÿŲģłƣĪĪĜÿƫŊǵŧżǝ܉ÿƸĪƫŏŲÿŲŲǀÿŧG/ƫ ĪƫƸÿěŧŏƫŊĪģŏŲƸĪƣŰĪģŏ-ܫƫǀƣƠÿƫƫŏŲŃǝĪŧŧ܉ڒڍڌڎŃƣżǝƸŊƫŏŲĜĪŏŲĜĪƠƸŏżŲŏŲ This experienced and diverse team has generated sector leading ܏ŰŏŲŏŲŃ ĜżŰƠÿŲŏĪƫ ǜŏÿ ƠƣĪĜŏżǀƫ ŰĪƸÿŧ ƫƸƣĪÿŰ ÿŲģ ƣżǣÿŧƸǣ ǿŲÿŲĜŏŲŃ łǀŲĜƸŏżŲŏŲŃĪǢĪĜǀƸŏǜĪƸĪÿŰÿŏŰĪģÿƸĪŲÿěŧŏŲŃǿŲÿŲĜŏŲŃƫżŧǀƸŏżŲƫłżƣ ܫŊŏŃŊ ܉ŰǀŧƸŏģŏƫĜŏƠŧŏŲÿƣǣ ܉¼ƣŏƠŧĪ FŧÿŃ Ŋÿƫ ěĪĪŲ ěǀŏŧƸ ÿƣżǀŲģ ÿ ƫŰÿŧŧ å/ Ã¼Sß/æF¦/¦F¦rt //ڗژږژ Compensation Discussion and Analysis

ږښ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ܏ڍڎڌڎSǝŊŏĜŊǝÿƫŲżƸĪŧŏŃŏěŧĪłżƣŏŲĜŧǀƫŏżŲŏŲƸŊĪĜÿŧĜǀŧÿƸŏżŲżłŏŲĜĪŲƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲłżƣܫ1 /ÿĜƸǀÿŧƠÿǣŰŏǢŏŲĜŧǀģĪƫŊŏŃŊĪƣǿǢĪģƠÿǣÿƫÿƣĪƫǀŧƸżłƸŊĪŊŏŃŊĪƣƫÿŧÿƣǣĪÿƣŲĪģƠƣĪ 1 Actual Pay Mix base short-term mid-term long-term stock options 26% restricted shares 6% bonus 34% annual salary 33% stock options 36% restricted shares 9% bonus 32% annual salary 23% stock options 46% restricted shares 11% bonus 15% annual salary 27% Actual VARIABLE pay: 77% Executives Other Named Average of Financial Chief Executive Chief Actual VARIABLE pay: 73% Actual VARIABLE pay: 67% Target Pay Mix base short-term mid-term long-term stock options 37% restricted shares 9% bonus 20% annual salary 34% stock options 41% restricted shares 10% bonus 23% annual salary 26% stock options 47% restricted shares 12% bonus 22% annual salary 19% Target VARIABLE pay: 74% Executives Other Named Average of Financial Chief Executive Chief Target VARIABLE pay: 81% Target VARIABLE pay: 66% ܏FÿŲģƸŊĪÿǜĪƣÿŃĪŰŏǢżłƸŊĪżƸŊĪƣt/ƫÿƫÿŃƣżǀƠ ܉/ ŰŏǢłżƣƸŊĪ ÿĜƸǀÿŧƠÿǣڍڎڌڎƸÿƣŃĪƸƠÿǣŰŏǢÿŲģƸŊĪڍڎڌڎƸĪƣŰŃżÿŧƫżłƸŊĪ żŰƠÿŲǣ܏¼ŊĪłżŧŧżǝŏŲŃĜŊÿƣƸƫģĪŰżŲƫƸƣÿƸĪƸŊĪܫƸżÿŧŏŃŲĪǢĪĜǀƸŏǜĪƠÿǣǝŏƸŊƸŊĪŧżŲŃ ƸĪƣŰŃżÿŧƫ܏ƫŏŃŲŏǿĜÿŲƸƠżƣƸŏżŲżłĪǢĪĜǀƸŏǜĪƠÿǣŏƫܶǜÿƣŏÿěŧĪܷżƣěÿƫĪģżŲŰĪĪƸŏŲŃƠĪƣłżƣŰÿŲĜĪŃżÿŧƫܫÿŲģŧżŲŃܫŰĪĪƸŏŲŃÿĜżŰěŏŲÿƸŏżŲżłƫŊżƣƸ ƸŊÿƸŏƫěÿƫĪģżŲܡƸĪƣŰŏŲĜĪŲƸŏǜĪƫܫÿŲŲǀÿŧÿŲģŧżŲŃܠÿŲģǜÿƣŏÿěŧĪƠÿǣܡěÿƫĪƫÿŧÿƣǣÿŲģěĪŲĪǿƸƫܠ/ǢĪĜǀƸŏǜĪƠÿǣŏŲĜŧǀģĪƫÿŰŏǢżłǿǢĪģĜżŰƠĪŲƫÿƸŏżŲ PAY MIX Compensation Discussion and Analysis

ڗښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG the organization. ƣĪǜŏĪǝƠƣżĜĪƫƫƸżŊĪŧƠŃǀŏģĪƠĪƣłżƣŰÿŲĜĪÿŲģÿŧŏŃŲżěšĪĜƸŏǜĪƫÿĜƣżƫƫ Ơÿǣ ƠÿĜŤÿŃĪ܏ ¼ƣŏƠŧĪ FŧÿŃ ĪŲŃÿŃĪƫ ÿ ƸǝŏĜĪ ƠĪƣ ÿŲŲǀŰ ƠĪƣłżƣŰÿŲĜĪ ƣĪǝÿƣģƫ ĪǢĜĪƠƸŏżŲÿŧ ƠĪƣłżƣŰÿŲĜĪ ÿŲģ ģŏǳłĪƣĪŲƸŏÿƸĪƫ ŏƸƫ t/ƫ ÿĜƸǀÿŧ ěǀƸǀŧƸŏŰÿƸĪŧǣÿƠƠŧŏĪƫÿŰĪƣŏƸżĜƣÿƸŏĜƫǣƫƸĪŰƸŊÿƸ܉ƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲ ƠĪƣłżƣŰÿŲĜĪƫǣƫƸĪŰƸŊÿƸŧżżŤƫƸżƠĪĪƣƫǝŊĪŲƫĪƸƸŏŲŃƸÿƣŃĪƸƫłżƣŏŲĜĪŲ- ƣŏƠŧĪFŧÿŃƫǀěƫĜƣŏěĪƫƸżÿƠÿǣłżƣ¼܉ƸżƸżƠƢǀÿƣƸŏŧĪżłƠĪĪƣƫłżƣěÿƫĪƠÿǣ ƫÿƸŏżŲ żł ŏƸƫ ĪǢĪĜǀƸŏǜĪƫ܏ àŊŏŧĪ ¼ƣŏƠŧĪ FŧÿŃ ÿĜŤŲżǝŧĪģŃĪƫ ƸŊĪ ŰĪģŏÿŲ ŃǀŏģÿŲĜĪǝŊĪŲĜżŲƸĪŰƠŧÿƸŏŲŃƸŊĪƸżƸÿŧĜÿƫŊÿŲģƸżƸÿŧģŏƣĪĜƸĜżŰƠĪŲ- ŊĪƠĪĪƣŃƣżǀƠŏƫÿŧƫżƣĪłĪƣĪŲĜĪģłżƣ¼܏ڎڎڌڎƫĪƸƸŏŲŃ®¼SŃżÿŧƫłżƣǿƫĜÿŧ ÿŲģŏŲ܉ڍڎڌڎŏŲłżƣŰÿƸŏżŲŏŲģĪƸĪƣŰŏŲŏŲŃ®¼SÿŲģh¼SƸÿƣŃĪƸƫłżƣǿƫĜÿŧ median to top quartile of the peer group and considered the peer group The Compensation & ESG Committee targeted base salaries at the ܏ƣżǣÿŧƸǣƠĪĪƣĜżŰƠÿŲŏĪƫŧŏƫƸĪģŏŲƸŊĪƸÿěŧĪěĪŧżǝޠƸŊĪǿǜĪƫƸƣĪÿŰŏŲŃ LTI”) plan designs based on public disclosure of“ܠƸĪƣŰŏŲĜĪŲƸŏǜĪܫŧżŲŃ STI”) and“ܠƸĪƣŰŏŲĜĪŲƸŏǜĪܫƫŊżƣƸ܉ƠƣżǜŏģĪģěǣrĪƣĜĪƣżŲěÿƫĪƫÿŧÿƣŏĪƫ The Compensation & ESG Committee considered market information executive compensation program against market practice. Mercer”) to evaluate the Company’s“ܠhƸģ܏ܡÿŲÿģÿ ܠrĪƣĜĪƣ܉ĜżŲƫǀŧƸÿŲƸ sation & ESG Committee engaged an independent compensation ƸŊĪ żŰƠĪŲ-܉ÿŲŲǀÿŧƣĪǜŏĪǝżłt/ĜżŰƠĪŲƫÿƸŏżŲڍڎڌڎƫƠÿƣƸżłŏƸƫ setting other relevant competitive analysis. ĪǜÿŧǀÿƸŏŲŃƣĪŧÿƸŏǜĪƠĪƣłżƣŰÿŲĜĪżƣ܉żłƫĪƸƸŏŲŃŧĪǜĪŧƫżłĜżŰƠĪŲƫÿƸŏżŲ ƸżƣƫÿŲģěĪŲĜŊŰÿƣŤĪģt/ƠÿǣǝŏƸŊƫƠĪĜŏǿĜƠĪĪƣŃƣżǀƠƫłżƣƠǀƣƠżƫĪƫ the mining industry and the compensation programs of our competi- Committee considered compensation programs in relevant sectors of G®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉ƠƣżšĪĜƸƫ܏SŲƫĪƸƸŏŲŃĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲ ƫƸÿŃĪܫģĪǜĪŧżƠŰĪŲƸ ÿŲģ ĪǢƠŧżƣÿƸŏżŲ ڐڒ ƠƣżģǀĜŏŲŃ ŰŏŲĪƫ ÿŲģ ڑڍ ŏŲŃ ŏŲĜŧǀģ-܉ÿƣĪƸŏĪģƸżŰŏŲŏŲŃÿƫƫĪƸƫÿƸǜÿƣŏżǀƫƫƸÿŃĪƫżłƸŊĪŰŏŲĪŧŏłĪĜǣĜŧĪ ƣżǣÿŧƸŏĪƫ܏¼ŊĪƫĪŏŲǜĪƫƸŰĪŲƸƫڌړƫƸƣĪÿŰƫÿŲģڕŏŲĜŧǀģŏŲŃ܉ÿƫƫĪƸƫڕړǝŏƸŊ ܉ǜŏģĪƫĪǢƠżƫǀƣĪƠƣŏŰÿƣŏŧǣƸżŃżŧģÿŲģƫŏŧǜĪƣŏŲƸŊĪŰĪƣŏĜÿƫÿŲģǀƫƸƣÿŧŏÿ àĪŰÿŏŲƸÿŏŲÿģŏǜĪƣƫŏǿĪģƠżƣƸłżŧŏżżłƫƸƣĪÿŰƫÿŲģƣżǣÿŧƸŏĪƫƸŊÿƸƠƣż- ܏ÿŲģƠÿƣƸŲĪƣǝŏƸŊŰŏŲŏŲŃĜżŰƠÿŲŏĪƫƸŊƣżǀŃŊżǀƸƸŊĪĜżŰŰżģŏƸǣĜǣĜŧĪ àĪżǳłĪƣěĪƫƠżŤĪǿŲÿŲĜŏŲŃƫżŧǀƸŏżŲƫƸżƸŊĪŰĪƸÿŧƫÿŲģŰŏŲŏŲŃŏŲģǀƫƸƣǣ ܏ƫǀƫƸÿŏŲÿěŏŧŏƸǣÿŲģƣŏƫŤŰÿŲÿŃĪŰĪŲƸ܉żƠƸŏżŲÿŧŏƸǣ܉ÿƣżǀŲģÿƫƫĪƸƢǀÿŧŏƸǣ ƣżǣÿŧƸŏĪƫƸŊÿƸŃĪŲĪƣÿƸĪƫƣżěǀƫƸłƣĪĪĜÿƫŊǵŧżǝƫ܏ǀƣěǀƫŏŲĪƫƫŏƫÿŲĜŊżƣĪģ ģŏǜĪƣƫŏǿĪģ ƠżƣƸłżŧŏż żł ƫƸƣĪÿŰƫ ÿŲģ ܉ŧŏłĪܫŏŲǜĪƫƸżƣƫ ĪǢƠżƫǀƣĪ Ƹż ÿ ŧżŲŃ ƠƣżǜŏģŏŲŃ܉łżĜǀƫĪģƫƸƣĪÿŰŏŲŃÿŲģƣżǣÿŧƸǣĜżŰƠÿŲǣܫ¼ƣŏƠŧĪFŧÿŃŏƫÿŃżŧģ PEER GROUP BENCHMARKING ܏ÿŲģżƸŊĪƣt/ƫ ÿƠƠƣżǜĪƫƸŊĪĜżŰƠĪŲƫÿƸŏżŲłżƣƸŊĪ /܉ÿŲģƫǀěšĪĜƸƸżÿŲǣĜŊÿŲŃĪƫ G żŰŰŏƸƸĪĪƣĪǜŏĪǝƫ®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉t/ƫ܏FżŧŧżǝŏŲŃǝŊŏĜŊ ŰŏƸƸĪĪĪÿĜŊǣĪÿƣǝŏƸŊƣĪƫƠĪĜƸƸżƸŊĪĜżŰƠĪŲƫÿƸŏżŲłżƣĪÿĜŊżłƸŊĪżƸŊĪƣ Our CEO makes recommendations to the Compensation & ESG Com- ܏G żŰŰŏƸƸĪĪܹܹ®/ޠܸܸ żŰƠĪŲƫÿƸŏżŲ ƸŊĪżěšĪĜƸŏǜĪƫÿŲģƠŊŏŧżƫżƠŊǣżłżǀƣĜżŰƠĪŲƫÿƸŏżŲƠƣżŃƣÿŰ܏®ĪĪÿŧƫż ƣĪÿƫżŲÿěŧĪÿŲģĜżŲƫŏƫƸĪŲƸǝŏƸŊ܉żƸŊĪƣŤĪǣżǳǿĜĪƣƫÿŲģŰÿŲÿŃĪƣƫŏƫłÿŏƣ ƠĪƣƫżŲŲĪŧ ǝŊż ƣĪƠżƣƸ ģŏƣĪĜƸŧǣ Ƹż żǀƣ / ÿŲģ ǜÿƣŏżǀƫ ܉ǀƸŏǜĪ żǳǿĜĪƣƫ performance and ensuring that total compensation paid to our exec- ĪǜÿŧǀÿƸŏŲŃ ܉G żŰŰŏƸƸĪĪܹƫ żǜĪƣƫŏŃŊƸ ŏŲĜŧǀģĪƫ ƣĪǜŏĪǝŏŲŃ żěšĪĜƸŏǜĪƫ®/ ޠƠÿǣÿěŧĪƸżżǀƣģŏƣĪĜƸżƣƫÿŲģĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ܏ǀƣ żŰƠĪŲƫÿƸŏżŲ żÿƣģ ĜżŲĜĪƣŲŏŲŃ ƸŊĪ ŧĪǜĪŧ ÿŲģ ŲÿƸǀƣĪ żł ƸŊĪ ĜżŰƠĪŲƫÿƸŏżŲ Ƹż żǀƣ ƠĪŲƫÿƸŏżŲ ƠƣżŃƣÿŰƫ ÿŲģ ƣĪǜŏĪǝŏŲŃ ÿŲģ ŰÿŤŏŲŃ ƣĪĜżŰŰĪŲģÿƸŏżŲƫ Committee setting out its responsibilities for administering our com- G®/ޠżÿƣģŊÿƫÿģżƠƸĪģÿǝƣŏƸƸĪŲĜŊÿƣƸĪƣłżƣżǀƣ żŰƠĪŲƫÿƸŏżŲǀƣ ܏ĜżŲƫŏƫƸĪŲƸǝŏƸŊżǀƣƣŏƫŤƠƣżǿŧĪ ƠżŧŏĜŏĪƫÿŲģƠƣÿĜƸŏĜĪƫƠƣżǜŏģĪÿŲÿƠƠƣżƠƣŏÿƸĪěÿŧÿŲĜĪżłƣŏƫŤÿŲģƣĪǝÿƣģ Committee is also responsible for ensuring that our compensation G®/ ޠ ÿŲģ ƠƣÿĜƸŏĜĪƫ܏ ǀƣ żŰƠĪŲƫÿƸŏżŲ ܉ƠƣżĜĪƫƫĪƫ ܉ƫÿƸŏżŲ ƠżŧŏĜŏĪƫ ÿŲģĜżŰƠĪŲ-܉ƫǀĜĜĪƫƫŏżŲƠŧÿŲŲŏŲŃ܉żǜĪƣƫĪĪŏŲŃżǀƣŊǀŰÿŲƣĪƫżǀƣĜĪƫ ÿŲģ܉żÿƣģŏŲłǀŧǿŧŧŏŲŃŏƸƫŃżǜĪƣŲÿŲĜĪÿŲģƫǀƠĪƣǜŏƫżƣǣƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ Our Compensation & ESG Committee is responsible for assisting our r/t®¼Stܰ®/¼¼StG¦ /®® Compensation Discussion and Analysis

ژښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG Excludes Triple Flag in calculation of percentiles. ڏ ܏ܡڍڎڌڎ܉ڌڏĪǢĜĪƠƸłżƣFżƣƸǀŲÿÿŲģƣĪƸŏǀŰǝŊŏĜŊÿƣĪÿƫÿƸ®ĪƠƸĪŰěĪƣܠڍڎڌڎ܉ڍڏÿŲģŰżƫƸƣĪĜĪŲƸƸżƸÿŧÿƫƫĪƸƫÿƫÿƸ'ĪĜĪŰěĪƣ܉'¼SÿģšǀƫƸĪģ/܉ŰżŲƸŊƸƣÿŏŧŏŲŃƣĪǜĪŲǀĪܫڎڍĪǵŧĪĜƸƫ¦ 2 ܏ڍڎڌڎ܉ڍڏ1 ƸƠĪƣŏżģĪŲģŏŲŃ'ĪĜĪŰěĪƣ ÿƠŏƸÿŧS¥ ܈®żǀƣĜĪ ƸŊڽڶ ƫƸڵڷ ƸŊڹ ƸŊںڹ ڏPercentile rank ڷڴڷ܉ڵ $ ڷڶڵ $ ڴڹڵ $ ڹڻڼ܉ڵ $ ƣŏƠŧĪFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ܏¼ ڴڸڶ܉ڵ ݕ ڽڴڵ ݕ ڶڵڶ ݕ ڼڷڵ܉ڵ ݕ ڏƸŊĪƣĜĪŲƸŏŧĪڑڎ ڶڴڴ܉ڶ ݕ ںڽڶ ݕ ڻڻں ݕ ڹڼڸ܉ڵ ݕ ڏƸŊĪƣĜĪŲƸŏŧĪڌڑ ڶڻڽ܉ڷ ݕ ڶڸڹ ݕ ڶڹڵ܉ڵ ݕ ڼڸڻ܉ڷ ݕ ڏƸŊĪƣĜĪŲƸŏŧĪڑړ EBITDA2 Assets2 Adjusted Capitalization1 Revenue2 Market ŧŧǜÿŧǀĪƫŏŲÃ®ݕŰŏŧŧŏżŲƫ ڎڎڌڎģǀĪƸżÿĜƢǀŏƫŏƸŏżŲěǣtĪǝĜƣĪƫƸŏŲdÿŲǀÿƣǣܨڎڎڌڎƸżěĪƣĪŰżǜĪģŏŲ܄ .Torex Gold Resources Inc SrGh' żƣƠżƣÿƸŏżŲ ܏®ŏŧǜĪƣĜżƣƠrĪƸÿŧƫSŲĜ ܏Sandstorm Gold Ltd. FżƣƸǀŲÿ®ŏŧǜĪƣrŏŲĪƫSŲĜ ܏Osisko Gold Royalties Ltd. tĪǝGżŧģSŲĜ ܏SŲĜ܏ àĪƫģżŰĪGżŧģrŏŲĪƫhƸģ܉¦żǣÿŧGżŧģ àŊĪÿƸżŲƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ܏ Pretium Resources Inc.* ܏tĪǜÿģÿ żƣƠżƣÿƸŏżŲ ®®¦rŏŲŏŲŃSŲĜܫFƣÿŲĜż Streaming & Royalty Mining 2021 and 2022 Peer Group aligned to that of Triple Flag. ǝŊŏĜŊÿƣĪƫŏŰŏŧÿƣŧǣ܉ƫŏŧǜĪƣłżĜǀƫܕƫƸƣǀĜƸǀƣĪÿŲģŃżŧģ܉ƸƣǣǝŏƸŊƸŊĪƫÿŰĪĜżŰŰżģŏƸǣĜǣĜŧĪƫ܏¼ŊĪĜżŰƠÿŲŏĪƫŧŏƫƸĪģěĪŧżǝǝĪƣĪƫĪŧĪĜƸĪģłżƣƸŊĪŏƣƫŏǭĪ ƸŊĪǣÿƣĪǝżƣŤŏŲŃŏŲƸŊĪƫÿŰĪŰŏŲŏŲŃŏŲģǀƫ-܉ǝŊŏŧĪŲżƸÿŲĪǢÿĜƸǿƸżƠĪƣÿƸŏżŲÿŧŧǣ܉¼ŊĪŰŏŲŏŲŃƠĪĪƣƫǝĪƣĪŏŲĜŧǀģĪģƸżƣżǀŲģżǀƸƸŊĪƠĪĪƣŃƣżǀƠƫŏŲĜĪ ܏ƸŊĪǣƣĪƠƣĪƫĪŲƸƸŊĪĜżŰƠÿŲŏĪƫŰżƫƸĜŧżƫĪŧǣÿŧŏŃŲĪģƸż¼ƣŏƠŧĪFŧÿŃŏŲƸĪƣŰƫżłěǀƫŏŲĪƫƫƫƸƣÿƸĪŃǣÿŲģƸŊĪłǀŲģÿŰĪŲƸÿŧŰÿƣŤĪƸŏŲǝŊŏĜŊǝĪĜżŰƠĪƸĪ ÿƫ܉ƣżǣÿŧƸǣĜżŰƠÿŲŏĪƫǝĪƣĪƫĪŧĪĜƸĪģޠt/ĜżŰƠĪŲƫÿƸŏżŲ܏¼ŊĪǿǜĪŧÿƣŃĪƫƸƫƸƣĪÿŰŏŲŃڎڎڌڎŰŏŲŏŲŃĜżŰƠÿŲŏĪƫ܏¼ŊŏƫƠĪĪƣŃƣżǀƠǝÿƫÿŧƫżǀƫĪģƸżƫĪƸ ƠǀěŧŏĜŧǣƸƣÿģĪģڏڍÿƠƠƣżǜĪģƠĪĪƣŃƣżǀƠżłܫżÿƣģĜżŰƠĪŲƫÿƸŏżŲƣĪǜŏĪǝĜżŰƠÿƣĪģƸŊĪ żŰƠÿŲǣܹƫĜżŰƠĪŲƫÿƸŏżŲŧĪǜĪŧƫƣĪŧÿƸŏǜĪƸżƸŊĪڍڎڌڎrĪƣĜĪƣܹƫ Peer Group Compensation Discussion and Analysis

ڙښ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ܏ڍڎڌڎrĪƣĜĪƣǝÿƫŊŏƣĪģŏŲ܄ All other fees t tŏŧ ڴڶڷ܉ڻڻ Executive compensation-related fees t ݕ Fees* 2021 Fees 2020 ܈ڍڎڌڎÿŲģ ڌڎڌڎ rĪƣĜĪƣ ǝÿƫ Ơÿŏģ ƸŊĪ łżŧŧżǝŏŲŃ łĪĪƫ łżƣ ƠƣżłĪƫƫŏżŲÿŧ ƫĪƣǜŏĜĪƫ ŏŲ at each meeting. • attending each committee meeting including an in camera portion ÿŲģܔŲÿŧǣƫŏƫޠ'ŏƫĜǀƫƫŏżŲ ÿƫƫŏƫƸŏŲŃ ŏŲ ƸŊĪ ģĪǜĪŧżƠŰĪŲƸ ÿŲģ ƣĪǜŏĪǝ żł ƸŊĪ żŰƠĪŲƫÿƸŏżŲ • ܔÿƫƫĪƫƫŏŲŃƸŊĪĜżŰƠĪƸŏƸŏǜĪŲĪƫƫżłżǀƣĜżŰƠĪŲƫÿƸŏżŲ • ܔěĪŲĜŊŰÿƣŤŏŲŃģŏƣĪĜƸżƣÿŲģżǳǿĜĪƣĜżŰƠĪŲƫÿƸŏżŲ providing guidance in establishing a relevant peer group for • ܔĜżŰƠĪŲƫÿƸŏżŲ ƠƣĪƠÿƣŏŲŃ ěĪŲĜŊŰÿƣŤ ŰÿƣŤĪƸ ģÿƸÿ łżƣ ģŏƣĪĜƸżƣ ÿŲģ żǳǿĜĪƣ • ܔƠƣĪƠÿƣŏŲŃŏŲłżƣŰÿƸŏżŲÿěżǀƸŰÿƣŤĪƸƸƣĪŲģƫÿŲģŏƫƫǀĪƫ • ܈ŏŲĜŧǀģĪģڍڎڌڎrĪƣĜĪƣܹƫŰÿŲģÿƸĪŏŲ ܏ƫĪƣǜŏĜĪƫƣĪŲģĪƣĪģǝŏƸŊŏŲƸŊĪƫĜżƠĪżłǝżƣŤ łżƣƫĪƣǜŏĜĪƫƸżěĪƠĪƣłżƣŰĪģěǣrĪƣĜĪƣƸŊÿƸŰÿŲÿŃĪŰĪŲƸŰÿǣƠÿǣłżƣ The Compensation & ESG Committee has pre-approved the budget performing no other services and earning no other fees from Triple Flag. ܉ŰŏƸƸĪĪ ÿƫ żǀƸŧŏŲĪģ ÿěżǜĪ ŏƫ ŏƸƫ ƫżŧĪ ĪŲŃÿŃĪŰĪŲƸ ǝŏƸŊ ƸŊĪ żŰƠÿŲǣ G żŰ-®/ޠrĪƣĜĪƣܹƫĜżŲƫǀŧƸŏŲŃÿƣƣÿŲŃĪŰĪŲƸǝŏƸŊƸŊĪ żŰƠĪŲƫÿƸŏżŲ ܉ڍڎڌڎ G żŰŰŏƸƸĪĪܹƫ ƫÿƸŏƫłÿĜƸŏżŲ܏ SŲ®/ ޠ ĪŲĜĪ Ƹż ƸŊĪ żŰƠĪŲƫÿƸŏżŲ completed an independence test and demonstrated their independ- ěǀƸŏƸƫģĪĜŏƫŏżŲƫÿƣĪŏƸƫżǝŲƣĪƫƠżŲƫŏěŏŧŏƸǣ܏rĪƣĜĪƣŊÿƫ܉żŰŰĪŲģÿƸŏżŲƫ G żŰŰŏƸƸĪĪĜżŲƫŏģĪƣƫrĪƣĜĪƣܹƫƣĪĜ-®/ޠƸżƣĪǜŏĪǝ܏¼ŊĪ żŰƠĪŲƫÿƸŏżŲ G żŰŰŏƸƸĪĪ®/ޠƸżƣĪǜŏĪǝżƣƠƣĪƠÿƣĪŰÿƸĪƣŏÿŧłżƣƸŊĪ żŰƠĪŲƫÿƸŏżŲ ǝżƣŤ ĜżżƠĪƣÿƸŏǜĪŧǣ ǝŏƸŊ ŰÿŲÿŃĪŰĪŲƸ ܉G żŰŰŏƸƸĪĪܹƫ ģŏƣĪĜƸŏżŲ®/ ޠ ÿƸƸŊĪ żŰƠĪŲƫÿƸŏżŲ܉ěǀƸŰÿǣ܉G żŰŰŏƸƸĪĪ®/ޠƸŊĪ żŰƠĪŲƫÿƸŏżŲ ÿŲģƠƣżǜŏģĪżěšĪĜƸŏǜĪÿģǜŏĜĪ܏rĪƣĜĪƣƣĪƠżƣƸƫģŏƣĪĜƸŧǣÿŲģĪǢĜŧǀƫŏǜĪŧǣƸż ƣĪƸÿŏŲƫrĪƣĜĪƣƸżƣĪǜŏĪǝĪǢĪĜǀƸŏǜĪĜżŰƠĪŲƫÿƸŏżŲÿŲģěĪŲĪǿƸƠƣżŃƣÿŰƫ since August 2021 as its independent compensation consultant and G żŰŰŏƸƸĪĪŊÿƫěĪĪŲǝżƣŤŏŲŃǝŏƸŊrĪƣĜĪƣ®/ޠ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ Independent advice Compensation Discussion and Analysis

ښښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ǜĪƣǣŧŏŰŏƸĪģŲǀŰěĪƣżłƠĪƣƫżŲÿŧěĪŲĪǿƸŏŲĜŧǀģŏŲŃƣĪŏŰěǀƣƫĪŰĪŲƸłżƣƠƣżłĪƫƫŏżŲÿŧģǀĪƫ designations Perquisites rÿŏŲƸÿŏŲƠƣżłĪƫƫŏżŲÿŧ ĪŰƠŧżǣŰĪŲƸżƣżƸŊĪƣƣĪƸŏƣĪĪěĪŲĪǿƸƫܫƠżƫƸ܉àĪģżŲżƸżǳłĪƣƠĪŲƫŏżŲƫ EǢĪĜǀƸŏǜĪƫƠÿƣƸŏĜŏƠÿƸĪŏŲÿŲŲǀÿŧĪǢĪĜǀƸŏǜĪŰĪģŏĜÿŧĪǢÿŰŏŲÿƸŏżŲƫƸŊƣżǀŃŊrĪģ ÿŲ ƸżÿNĪÿŧƸŊ®ƠĪŲģŏŲŃĜĜżǀŲƸ ŏŲÿģģŏƸŏżŲ܉ŧŏłĪÿŲģģŏƫÿěŏŧŏƸǣŏŲƫǀƣÿŲĜĪĜżǜĪƣÿŃĪ܉GƣżǀƠěĪŲĪǿƸƠŧÿŲƠƣżǜŏģĪƫłżƣŊĪÿŧƸŊ of our management employees ĪŲĪǿƸƫ ®ǀƠƠżƣƸƸŊĪŊĪÿŧƸŊÿŲģǝĪŧŧŲĪƫƫ are generally settled in cash ĜŧŏǳłǜĪƫƸŏŲłǀŧŧżŲƸŊĪƸŊŏƣģÿŲŲŏǜĪƣƫÿƣǣżłƸŊĪŏƣŃƣÿŲƸģÿƸĪÿŲģܡބڌڎǝĪŏŃŊƸĪģܠRSUs grant date ƸŊŏƣģĪÿĜŊǣĪÿƣÿŲģĪǢƠŏƣĪƫĪǜĪŲǣĪÿƣƫÿǽƸĪƣƸŊĪܫǜĪƫƸżŲĪܡބڌڔǝĪŏŃŊƸĪģܠStock options h¼SÿǝÿƣģƫÿƣĪŃĪŲĪƣÿŧŧǣŃƣÿŲƸĪģżŲĜĪƠĪƣǣĪÿƣÿŲģŃżǜĪƣŲĪģěǣƸŊĪŰŲŏěǀƫŧÿŲ company performance ƸĪƣŰܫƣĪƸĪŲƸŏżŲÿŲģƣĪǝÿƣģŧżŲŃ ĪŲĜżǀƣÿŃĪ܉ƸŊżƫĪżłƫŊÿƣĪŊżŧģĪƣƫ ŧŏŃŲŰÿŲÿŃĪŰĪŲƸŏŲƸĪƣĪƫƸƫǝŏƸŊ Long- term Incentive Plan Awards under our żƣƠżƣÿƸĪƣŏżƣŏƸŏĪƫ ܡGhĪÿģĪƣƫŊŏƠÿŲģǜ®/ܡŏǜ܉ŏƫŤ¦ޠżƣƸłżŧŏż ƠƸŏŰŏǭĪܡŏŏŏ܉ǀƸƠĪƣłżƣŰܡŏŏ܉GƣżǝßÿŧǀĪܡŏ܈ŰĪƸƣŏĜƫڑ¼ŊĪłƣÿŰĪǝżƣŤǝŏŧŧĜżŰƠƣŏƫĪ measures of corporate and individual performance ƸŊĪ®¼SƠŧÿŲǝŏŧŧěĪěÿƫĪģżŲÿłƣÿŰĪǝżƣŤżłƢǀÿŲƸŏƸÿƸŏǜĪÿŲģƢǀÿŧŏƸÿƸŏǜĪ܉ڎڎڌڎSŲ mined by the Compensation & ESG Committee ÿƫ ģĪƸĪƣ- ܉ÿŲģ ŏŲģŏǜŏģǀÿŧ ƠĪƣłżƣŰÿŲĜĪ ܡÿŧĪŲƸ¼ ޠ ŏŲĜŧǀģŏŲŃ ®ǀƫƸÿŏŲÿěŏŧŏƸǣܠ żěšĪĜƸŏǜĪƫ ģŏƫĜƣĪƸŏżŲÿƣǣĜÿƫŊƠÿǣŰĪŲƸƫżŲƸŊĪÿĜŊŏĪǜĪŰĪŲƸżłǿŲÿŲĜŏÿŧÿŲģżƠĪƣÿƸŏŲŃ܉ڍڎڌڎFżƣ żłƸŊĪłżŧŧżǝŏŲŃǣĪÿƣڍ¥ƠÿŏģŏŲ܉ǝÿƣģĪģÿŲŲǀÿŧŧǣ range from zero to maximum depending on the position ƠÿǣżǀƸƫܨǝŏƸŊÿŰÿǢŏŰǀŰżƠƠżƣƸǀŲŏƸǣܡżłěÿƫĪƫÿŧÿƣǣބܠ/ÿĜŊt/ŊÿƫÿƸÿƣŃĪƸěżŲǀƫ performance operational and individual ܉ƸĪƣŰǿŲÿŲĜŏÿŧܫ¦ĪǝÿƣģƫŊżƣƸ Incentive Plan under our Short-term Annual Cash Bonuses performance ¼ÿƣŃĪƸĪģÿƸƸŊĪŰĪģŏÿŲƸżƸżƠƢǀÿƣƸŏŧĪżłƸŊĪƠĪĪƣŃƣżǀƠǝŏƸŊÿģšǀƫƸŰĪŲƸƫłżƣŏŲģŏǜŏģǀÿŧ ĪǢƸĪƣŲÿŧĪƢǀŏƸǣܕŲÿŧ ܫŏŲƸĪƣ܉ŰÿƣŤĪƸĜżŰƠĪƸŏƸŏǜĪŲĪƫƫ܉¦ĪǵŧĪĜƸƫƸŊĪĪǢĪĜǀƸŏǜĪܹƫĪǢƠĪƣŏĪŲĜĪÿŲģƣĪƫƠżŲƫŏěŏŧŏƸǣ day-to-day responsibilities compensation for performing Base salary ƣżǜŏģĪÿǿǢĪģŧĪǜĪŧżłĜÿƫŊ Compensation Element Objective Key Features ܏ƫŏŃŲŏǿĜÿŲƸĪŧĪŰĪŲƸżłĜżŰƠĪŲƫÿƸŏżŲłżƣżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ܏¼ŊĪ żŰƠÿŲǣģżĪƫŲżƸĜǀƣƣĪŲƸŧǣżǳłĪƣÿƠĪŲƫŏżŲƠŧÿŲ ÿěŧĪŊŏƫƸżƣǣżłƠĪƣłżƣŰÿŲĜĪŊÿƫěĪĪŲĪƫƸÿěŧŏƫŊĪģƸżƫǀƠƠżƣƸƸŊĪÿĜŊŏĪǜĪŰĪŲƸżłƫƠĪĜŏǿĜƠĪƣłżƣŰÿŲĜĪŰĪƸƣŏĜƫ܏ĪƣƢǀŏƫŏƸĪƫÿŲģěĪŲĪǿƸƫÿƣĪŲżƸÿ ǝŊŏĜŊŰÿǣěĪǀƫĪģƸżŏŲĜĪŲƸŏǜŏǭĪżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżŲĜĪÿƣĪÿƫżŲ-܉ܡÃƫܷ®ܶܠ¼ŊĪŰŲŏěǀƫŧÿŲÿŧƫżÿŧŧżǝƫǀƫƸżŃƣÿŲƸƠĪƣłżƣŰÿŲĜĪƫŊÿƣĪǀŲŏƸƫ ܏ÃƫżƣÿĜżŰěŏŲÿƸŏżŲƸŊĪƣĪżłŃƣÿŲƸĪģǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲ®¦܉ĜżŲƫŏƫƸŏŲŃżłƫƸżĜŤżƠƸŏżŲƫ܉ƸĪƣŰĪƢǀŏƸǣŏŲĜĪŲƸŏǜĪƫܫŧżŲŃܡŏŏŏܠÿŲģܔĜÿƫŊěżŲǀƫ ĜżŲƫŏƫƸŏŲŃżłÿŲÿŲŲǀÿŧ܉ƸĪƣŰŏŲĜĪŲƸŏǜĪƫܫƫŊżƣƸܡŏŏܠܔěÿƫĪƫÿŧÿƣǣܡŏܠ܈¼ŊĪĜżŰƠĪŲƫÿƸŏżŲżłżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫŏŲĜŧǀģĪƫƸŊƣĪĪŰÿŏŲĜżŰƠżŲĪŲƸƫ COMPONENTS OF COMPENSATION Compensation Discussion and Analysis

ڛښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG discretionary). łżƣŰǀŧÿŏĜżƣ܉ŏ܏Ī܏ܠÿŲģżǜĪƣÿŧŧÿƠƠƣżÿĜŊ܉ƣżŧĪżłŏŲģŏǜŏģǀÿŧƠĪƣłżƣŰÿŲĜĪ ƸŊĪ܉ĜżƣƠżƣÿƸĪƠĪƣłżƣŰÿŲĜĪŰĪƸƣŏĜƫÿŲģǝĪŏŃŊƸŏŲŃƫ܉ÿŲģŰÿǢŏŰǀŰƫ rĪƣĜĪƣܹƫƣĪǜŏĪǝŏŲĜŧǀģĪģ®¼SƸÿƣŃĪƸƫ܏ܡĪŲĜŊŰÿƣŤŏŲŃܷƫĪĪܶĪĪƣGƣżǀƠܠ ڍڎڌڎ żŰŰŏƸƸĪĪ ĜżŲƫŏģĪƣĪģ ŏŲ ģĪƸĪƣŰŏŲŏŲŃ ěżŲǀƫ ÿǝÿƣģƫ łżƣ ǿƫĜÿŧ Streaming & Royalty peer companies that the Compensation & ESG rĪƣĜĪƣ ƠƣżǜŏģĪģ ŰÿƣŤĪƸ ŏŲłżƣŰÿƸŏżŲ żŲ ƸŊĪ ®¼S ƠŧÿŲ ģĪƫŏŃŲƫ żł ǿǜĪ ܏ڌŰÿǣěĪݕ ƸŊĪěżŲǀƫ܉żŧģ żŰƠÿŲǣÿŲģŏŲģŏǜŏģǀÿŧƠĪƣłżƣŰÿŲĜĪǝÿƫŲżƸÿĜŊŏĪǜĪģ ŏłƸŊƣĪƫŊ-܉ǝŊŏĜŊǜÿƣŏĪƫģĪƠĪŲģŏŲŃżŲƸŊĪĪǢĪĜǀƸŏǜĪܹƫƠżƫŏƸŏżŲ܏hŏŤĪǝŏƫĪ ǀƠƸżƸŊĪŰÿǢŏŰǀŰƠÿǣżǀƸżƠƠżƣƸǀŲŏƸǣ܉ƠÿǣżǀƸÿƸÿěżǜĪƸÿƣŃĪƸŧĪǜĪŧƫ ěżŲǀƫÿǝÿƣģƫǝżǀŧģ܉ŏƫÿĜŊŏĪǜĪģżƣĪǢĜĪĪģĪģ܉ƸŊĪěĪŃŏŲŲŏŲŃżłƸŊĪǣĪÿƣ annual metrics approved by the Compensation & ESG Committee at ÿƫƫĪƸżǀƸŏŲƸŊĪ܉ĪŰƠŧżǣŰĪŲƸÿŃƣĪĪŰĪŲƸƫ܏SłŰÿǢŏŰǀŰƠĪƣłżƣŰÿŲĜĪ ÿŲģÿƣĪŏŲĜŧǀģĪģŏŲƸŊĪt/ƫܹڎڎڌڎ¼ŊĪƫĪƸÿƣŃĪƸƫǝŏŧŧěĪŰÿŏŲƸÿŏŲĪģłżƣ ܏żłěÿƫĪƫÿŧÿƣǣބڑڍڍܨڌڑÿŲģƣÿŲŃĪģłƣżŰ܉żŲƸŊĪĪǢĪĜǀƸŏǜĪܹƫƠżƫŏƸŏżŲ ěÿƫĪģ ܉ÿŃĪ żł ĪÿĜŊ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣܹƫ ěÿƫĪ ƫÿŧÿƣǣ܏¼ŊĪ ƸÿƣŃĪƸƫ ǜÿƣŏĪģ ǝĪƣĪƫĪƸÿƫÿƠĪƣĜĪŲƸ-ڍڎڌڎ¼ŊĪģŏƫĜƣĪƸŏżŲÿƣǣÿŲŲǀÿŧěżŲǀƫƸÿƣŃĪƸƫłżƣ based on company and individual performance. żǀƣt/ƫǝĪƣĪĪŧŏŃŏěŧĪƸżƣĪĜĪŏǜĪģŏƫĜƣĪƸŏżŲÿƣǣÿŲŲǀÿŧěżŲǀƫĪƫ܉ڍڎڌڎSŲ N¦¼ܰ¼/¦rSt /t¼Sß/ht® ܏ڍڎڌڎłżƣڌڌ܏ڍݰÃ®ݕڑڏڑڎ܏ڍěĪŏŲŃ ݕ܉ÿŲŤżł ÿŲÿģÿģÿŏŧǣÿǜĪƣÿŃĪƣÿƸĪłżƣƸŊĪƣĪŧĪǜÿŲƸǣĪÿƣłżƣĜǀƣƣĪŲĜǣĪǢĜŊÿŲŃĪŏŲƸżÃ®'żłƫÿŧÿƣǣŏƫƸŊĪ ÿŲŤżł ÿŲÿģÿģÿŏŧǣÿǜĪƣÿŃĪĪǢĜŊÿŲŃĪƣÿƸĪ܏¼ŊĪƣÿƸĪǀƫĪģÿŲģƠÿŏģŏŲ ݕÿŲģĜżŲǜĪƣƸĪģƸżÃ®'łżƣƣĪƠżƣƸŏŲŃƠǀƣƠżƫĪƫǀƫŏŲŃƸŊĪܡƠǀěŧŏĜżǳłĪƣŏŲŃ ĪǢĜĪƠƸŏŲƸŊĪĜÿƫĪżłrƣ܏ÃƫŰÿƣǝŊżƫĪěÿƫĪƫÿŧÿƣǣǝÿƫģĪƸĪƣŰŏŲĪģŏŲÃ®'ƠƣŏżƣƸżƸŊĪŏŲŏƸŏÿŧܠŲŲǀÿŧƫÿŧÿƣŏĪƫŏŲƣĪƫƠĪĜƸżłƸŊĪt/ƫÿƣĪģĪƸĪƣŰŏŲĪģ rżǜĪłƣżŰƠÿƣƸƸŏŰĪƸżłǀŧŧƸŏŰĪ Increase scope ڶڸڹ܉ڷںڵ ݕ ڸڹڻ܉ڻڼ ݕ G®/ޠÿŧĪŲƸ¼܉ßŏĜĪƣĪƫŏģĪŲƸ Katy Board, ŏŲĜƣĪÿƫĪބڹ ڵڷڹ܉ڻںڵ ݕ ڷڹڹ܉ڽڹڵ ݕ FŏŲÿŲĜĪ܉ßŏĜĪƣĪƫŏģĪŲƸ Eban Bari, ŏŲĜƣĪÿƫĪބڷ܏ڷڷ ڴڷڷ܉ڽڷڶ ݕ ڻڽڸ܉ڽڻڵ ݕ SŲǜĪƫƸżƣ¦ĪŧÿƸŏżŲƫޠǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ James Dendle, ŏŲĜƣĪÿƫĪބڶ ڶڷڼ܉ڹڸڷ ݕ ڵڹڴ܉ڽڷڷ ݕ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy, variable incentives ܕÃ /ƫÿŧÿƣǣÿŲģÿģģƠĪƣłżƣŰÿŲĜĪ'/¦ ܉ĪģĪƫŏŃŲżł /ĜżŰƠĪŲƫÿƸŏżŲƠÿĜŤÿŃĪ¦ ڸڷڽ܉ڻڷڻ ݕ ڴڴڴ܉ڴڴڹ܉ڵ ݕ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Shaun Usmar, Annual Salary Change 2021 Annual Salary 2020 Executive NEO SALARY LEVELS subsequently moved to full-time employment in December of 2021. ŏŲ żƣƠżƣÿƸĪ®ǀƫƸÿŏŲÿěŏŧŏƸǣÿŲģǝÿƫܡƸĪƣŲ®ܠƫĜżƠĪżłƸŊĪ/®GŰÿŲģÿƸĪłżŧŧżǝŏŲŃŊĪƣżěƸÿŏŲŏŲŃŊĪƣƢǀÿŧŏǿĜÿƸŏżŲłƣżŰtĪǝæżƣŤÃŲŏǜĪƣƫŏƸǣ łǀŲĜƸŏżŲÿŲģŧÿƸĪƣÿƫƫǀŰĪģƸŊĪěƣżÿģĪƣܡNǀŰÿŲ¦ĪƫżǀƣĜĪƫܠƸŏŰĪƸżŰÿŲÿŃĪƸŊĪ¼ÿŧĪŲƸܫƠÿƣƸڌڎڌڎżÿƣģǝÿƫżƣŏŃŏŲÿŧŧǣŊŏƣĪģŏŲ܏rƫ܉ŰÿŲĜĪ܏ŧƫż ܫǝÿƫŏŲĜƣĪÿƫĪģƸżƣĪǵŧĪĜƸƸŊĪŏŲĜƣĪÿƫĪģƫĜżƠĪÿŲģƣĪƫƠżŲƫŏěŏŧŏƸǣżłŊŏƫżǀƸǝÿƣģŧǣłÿĜŏŲŃƣżŧĪÿŲģƸżÿĜŤŲżǝŧĪģŃĪŊŏƫĜżŲƸŏŲǀĪģƫǀƠĪƣŏżƣƠĪƣłżƣ rƣ܏'ĪŲģŧĪܹƫƫÿŧÿƣǣ܉ڍڎڌڎŏŲĜĪŲƸŏǜĪĜżŰƠżŲĪŲƸŰżƣĪŏŲŧŏŲĪǝŏƸŊÿƸǣƠŏĜÿŧĜżŰƠĪŲƫÿƸŏżŲƫƸƣǀĜƸǀƣĪłżƣƸŊĪ /żłÿƠǀěŧŏĜŧǣƸƣÿģĪģĜżŰƠÿŲǣ܏SŲ ƸżÿŧŧżǝłżƣƸŊĪÿģģŏƸŏżŲżłÿĜżŰƠĪƸŏƸŏǜĪƠĪƣłżƣŰÿŲĜĪ܉ܡǝŊĪŲłÿĜƸżƣŏŲŃłżƣƸŊĪĪǢĜŊÿŲŃĪƣÿƸĪܠÃ®'Ƹż 'ÿŲģƣĪģǀĜĪģěǣŰżƣĪƸŊÿŲŊÿŧł rƣ܏ÃƫŰÿƣܹƫÿŲŲǀÿŧěÿƫĪƫÿŧÿƣǣǝÿƫĜżŲǜĪƣƸĪģłƣżŰڍڎڌڎŏŲ܉ŏŲƸŊĪƫĜżƠĪżƣěƣĪÿģƸŊżłÿŲĪǢĪĜǀƸŏǜĪżǳǿĜĪƣܹƫƣżŧĪżƣƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ܏łŲżƸĪ ÿƫĪƫÿŧÿƣŏĪƫĜÿŲÿŧƫżěĪÿģšǀƫƸĪģǀƠǝÿƣģƫƸŊƣżǀŃŊżǀƸƸŊĪǣĪÿƣƸżƣĪǵŧĪĜƸƠƣżŰżƸŏżŲƫżƣżƸŊĪƣŏŲĜƣĪÿƫĪƫ܏ŰÿŏŲƸÿŏŲŰÿƣŤĪƸĜżŰƠĪƸŏƸŏǜĪŲĪƫƫ ŏłǝÿƣƣÿŲƸĪģżƣŲĪĜĪƫƫÿƣǣƸż܉ÿƣĪƣĪǜŏĪǝĪģÿŲŲǀÿŧŧǣÿŲģŰÿǣěĪŏŲĜƣĪÿƫĪģ܉ÿƫĪƫÿŧÿƣŏĪƫÿƣĪƸÿƣŃĪƸĪģÿƸƸŊĪƠĪĪƣŃƣżǀƠŰĪģŏÿŲƸżƸżƠƢǀÿƣƸŏŧĪ ܏ƸŊĪŏƣƠƣŏżƣĪǢƠĪƣŏĪŲĜĪÿŲģƸŊĪŏƣƠżƫŏƸŏżŲƣĪŧÿƸŏǜĪƸżƣĪŧĪǜÿŲƸƠĪĪƣƫŏŲƸŊĪŰÿƣŤĪƸ܉ŏŲƸżÿĜĜżǀŲƸƸŊĪƫĜżƠĪżłƸŊĪĪǢĪĜǀƸŏǜĪżǳǿĜĪƣܹƫƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ ÿƫĪƫÿŧÿƣŏĪƫÿƣĪģĪƸĪƣŰŏŲĪģżŲÿŲŏŲģŏǜŏģǀÿŧěÿƫŏƫƸÿŤŏŲŃ܏ÿƫĪƫÿŧÿƣǣŏƫƠƣżǜŏģĪģÿƫÿǿǢĪģƫżǀƣĜĪżłĜżŰƠĪŲƫÿƸŏżŲłżƣżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ BASE SALARIES Compensation Discussion and Analysis

ڜښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ensuring adherence to strong internal controls. ÿŧŧǝŊŏŧĪ܉ܡ”NCIB“ܠƠƣżŃƣÿŰÿŲģŲżƣŰÿŧĜżǀƣƫĪŏƫƫǀĪƣěŏģܡ”DRIP“ܠƠŧÿŲ ÿŲģŏŰƠŧĪŰĪŲƸĪģÿģŏǜŏģĪŲģƣĪŏŲǜĪƫƸŰĪŲƸ܉łżƣĪĜÿƫƸŏŲŃÿŲģƣĪƠżƣƸŏŲŃ ǝżƣŤĪģĜŧżƫĪŧǣǝŏƸŊżǀƣŰŏŲŏŲŃƠÿƣƸŲĪƣƫƸżĜżżƣģŏŲÿƸĪ żŲ܉ģŏƫĜŧżƫǀƣĪ ƢǀÿŧŏƸǣܫłƣżŰ¼ƣŏƠŧĪFŧÿŃ܏ǀƣǿŲÿŲĜĪƸĪÿŰĜżŲƸŏŲǀĪģƸżŃĪŲĪƣÿƸĪŊŏŃŊ ģĪģƠżƣƸłżŧŏżŃƣżǝƸŊÿŲģƸĪŲǀƣĪƸŊÿƸƣĪƢǀŏƣĪƫŧŏŰŏƸĪģłǀƸǀƣĪłǀŲģŏŲŃ ten-year average annual GEOs1 guidance that demonstrates the embed- ÿŲģܫƠĪƣŏżģ܏àĪŊÿǜĪÿŧƫżƠƣżǜŏģĪģƸŊĪŰÿƣŤĪƸǝŏƸŊŲĪǝŧǣŏƫƫǀĪģǿǜĪ ÿŲģżǀƣĜÿƫŊǵŧżǝŊÿƫŰżƣĪƸŊÿŲƸƣŏƠŧĪģżǜĪƣƸŊŏƫ܉ܡG/ƫڎڌڒ܉ڏڔG/ƫƸż ڒڌڐ܉ڎڐܠڍڎڌڎƸżڕڍڌڎģĪŰżŲƫƸƣÿƸĪģěǣƸŊĪģżǀěŧŏŲŃżłżǀƣżǀŲĜĪƫłƣżŰ ŊĪŃƣżǝƸŊŏŲƸŊĪƠżƣƸłżŧŏżŏƫłǀƣƸŊĪƣ¼܏ڍڎڌڎƸżړڍڌڎłƣżŰބڒڎ G¦żł ŏŲĜƣĪÿƫĪżŲƸŊĪƠƣŏżƣǣĪÿƣÿŲģĪƢǀÿƸĪģƸżÿބڏڏżǀŲĜĪƫƣĪƠƣĪƫĪŲƸĪģÿ ڎڌڒ܉ڏڔG/ƫƫÿŧĪƫłżƣƸŊĪǣĪÿƣżł܏ڌڎڌڎŰŏŧŧŏżŲŏŲڐ܏ڐڎĜżŰƠÿƣĪģƸżݕ ŰŏŧŧŏżŲ ڒ܏ړڑżł ݕ ڍڎڌڎ ǝĪ ÿŧƫż Ŋÿģ ƣĪĜżƣģ ÿģšǀƫƸĪģ ŲĪƸ ĪÿƣŲŏŲŃƫ2 ŏŲ ܉ÿŲģłÿŏƣǜÿŧǀĪÿģšǀƫƸŰĪŲƸƫڌڎڌڎƸŏŰĪŃÿŏŲŏŲܫģǀĪƸżÿżŲĪބڔڍģżǝŲ àŊŏŧĪ żǀƣ ŲĪƸ ĪÿƣŲŏŲŃƫ ǝĪƣĪ ܏ܡŰŏŧŧŏżŲ żƠĪƣÿƸŏŲŃ ĜÿƫŊ ǵŧżǝ ڐڔÿŲģ ݕ ܉G/ƫ ƫÿŧĪƫ ڕڑڌ܉ڏڒ ܉ŰŏŧŧŏżŲ ƣĪǜĪŲǀĪ ڒ܏ڎڍڍݕܠ Ơƣŏżƣ ǣĪÿƣܹƫ ƣĪĜżƣģ ƣĪƫǀŧƸƫ ǜĪƣƫǀƫ ƸŊĪ ܡŰŏŧŧŏżŲ ڌڎڍݕܠ ÿŲģ żƠĪƣÿƸŏŲŃ ĜÿƫŊ ǵŧżǝ ܡG/ƫ ڎڌڒ܉ڏڔ ÿŲģ ŰŏŧŧŏżŲڐ܏ڌڑڍݕܠconsecutive annual record of revenue and GEOs1ƫÿŧĪƫ ŃĪŲĪƣÿƸŏŲŃżǀƣǿǽƸŊ܉ǀŲĜĪƣƸÿŏŲƸǣÿŲģƫǀƠƠŧǣĜŊÿŏŲģŏƫƣǀƠƸŏżŲڕڍܫ' ßS ¼ŊĪ ěÿƫĪ ƠżƣƸłżŧŏż ƠĪƣłżƣŰĪģ ǝĪŧŧ ÿŃÿŏŲƫƸ ƸŊĪ ěÿĜŤģƣżƠ żł żŲŃżŏŲŃ OUTPERFORM similar to its large-cap streaming and royalty peers. Triple Flag is dedicated to the pursuit of achieving a premium valuation ܉ÿŧżŲŃǝŏƸŊÿģĪŰżŲƫƸƣÿƸĪģƠżƣƸłżŧŏżƢǀÿŧŏƸǣ܉ŰÿŤŏŲŃܫŃƣżǝƸŊÿŲģģĪÿŧ ƢǀÿŧŏƸǣƸĪÿŰĪǢĪĜǀƸŏżŲÿŲģƸƣÿĜŤƣĪĜżƣģżłƫǀĜĜĪƫƫłǀŧܫàŏƸŊżǀƣŊŏŃŊ ܏ܡǢڒ܏ڎܠżŲƫƸƣÿƸĪģěǣƸŊĪĪǢƸĪŲƸżłżǜĪƣƫǀěƫĜƣŏƠƸŏżŲ ÿƫģĪŰ-܉ƫƸÿŲģÿŧżŲĪĪǜĪŲƸǝÿƫǀŲģĪƣƠŏŲŲĪģěǣƸŊĪƢǀÿŧŏƸǣżłƸŊĪƸĪÿŰ ŃƣżǝŏŲŃǜÿŧǀĪƠĪƣƫŊÿƣĪłżƣżǀƣŏŲǜĪƫƸżƣƫ܏¼ŊĪƫǀĜĜĪƫƫżłżǀƣSÿƫÿ commitments to running the business and doing deals in pursuit of many months of considerable team dedication alongside our ongoing ƣĪƢǀŏƣŏŲŃ܉ŊĪǝżƣŤŧżÿģƸżģĪŧŏǜĪƣżǀƣSǝÿƫŏŰŰĪŲƫĪ¼܏ڔڌڌڎƫŏŲĜĪ ÿŲģŧÿƣŃĪƫƸƠƣĪĜŏżǀƫŰĪƸÿŧƫSŃŧżěÿŧŧǣ܉ڎڍڌڎSżŲƸŊĪ¼®åƫŏŲĜĪ ĪŲŏŲŃ żǀƣ żǝŲĪƣƫŊŏƠ ěÿƫĪ܏ ¼ƣŏƠŧĪ FŧÿŃ ģĪŧŏǜĪƣĪģ ƸŊĪ ŧÿƣŃĪƫƸ ŰŏŲŏŲŃ ŰŏŧŧŏżŲSěƣżÿģ-ڐڒڎǝŏƸŊżǀƣݕ܉ǿǜĪǣĪÿƣƫÿǽƸĪƣŏƸƫŏŲĜĪƠƸŏżŲ܉ڌڎrÿǣ ĜżŰƠĪƸŏƸżƣƫ ŏŲ ƸŊĪ ƫĪĜƸżƣ܏ ¼ƣŏƠŧĪ FŧÿŃ ěĪŃÿŲ ƸƣÿģŏŲŃ żŲ ƸŊĪ ¼®åżŲ Ƹż ƫǀĜĜĪƫƫłǀŧŧǣ ĜżŰƠĪƸĪ łżƣ ƸŊĪ ěĪƫƸ żƠƠżƣƸǀŲŏƸŏĪƫ ǝŏƸŊ ƸŊĪ ŧÿƣŃĪƫƸ ƸŏżŲĪģƸżÿƠǀěŧŏĜĜżŰƠÿŲǣÿǽƸĪƣƣĪÿĜŊŏŲŃƸŊĪĜƣŏƸŏĜÿŧŰÿƫƫŲĪĜĪƫƫÿƣǣ ƸŊĪǣĪÿƣǝĪƸƣÿŲƫŏ-ܨǝÿƫÿŤĪǣǣĪÿƣżłƸƣÿŲƫŏƸŏżŲłżƣ¼ƣŏƠŧĪFŧÿŃڍڎڌڎ CORPORATE PRIORITIES ܏ĪÿĜŊt/ƣĪĜĪŏǜĪģÿěżŲǀƫƸŊÿƸǝÿƫÿěżǜĪƸÿƣŃĪƸ܉ƣĪƫǀŧƸ ÿƫÿ܉ƸŊÿƸÿŧŧżłƸŊĪt/ƫŰĪƸÿŲģĪǢĜĪĪģĪģƸŊĪƣĪŧĪǜÿŲƸŰĪƸƣŏĜƫÿŲģ ܉ǝŏƸŊrĪƣĜĪƣܹƫŏŲƠǀƸ܉G żŰŰŏƸƸĪĪģĪƸĪƣŰŏŲĪģ®/ޠ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ ܏ÿŲģǝÿƫģĪƸĪƣŰŏŲĪģěÿƫĪģżŲƸŊĪłżŧŧżǝŏŲŃłƣÿŰĪǝżƣŤ܉żłƸŊĪ żŰƠÿŲǣ ŊŏŃŊŧŏŃŊƸĪģěǣƸŊĪƫǀĜĜĪƫƫłǀŧŏŲŏƸŏÿŧƠǀěŧŏĜżǳłĪƣŏŲŃ܉ÿŧŧƫǀĜĜĪƫƫŏŲƸŊĪǣĪÿƣ ǝÿƫǝĪŧŧƫǀƠƠżƣƸĪģěǣ¼ƣŏƠŧĪFŧÿŃܹƫżǜĪƣ-܉ żŰŰŏƸƸĪĪǝŏƸŊrĪƣĜĪƣܹƫŏŲƠǀƸ G®/ ޠ ÿƠƠƣżǜĪģ ěǣ ƸŊĪ żŰƠĪŲƫÿƸŏżŲ ܉ģŏƫĜƣĪƸŏżŲÿƣǣ ěżŲǀƫ ڍڎڌڎ ¼ŊĪ ܏ģĪƸĪƣŰŏŲÿƸŏżŲܡÿĜƸǀÿŧܠģŏƫĜƣĪƸŏżŲÿƣǣěżŲǀƫڍڎڌڎ2 ¦ĪłĪƣƸżƸŊĪłżŧŧżǝŏŲŃƫĪĜƸŏżŲłżƣÿŲĪǢƠŧÿŲÿƸŏżŲżłƸŊĪ ܏Sƫÿŧÿƣǣܫrƣ܏ÃƫŰÿƣܹƫěżŲǀƫŏƫĜÿŧĜǀŧÿƸĪģǀƫŏŲŃŊŏƫƠżƫƸ܉ڍڎڌڎFżƣ 1 ڶڸڹ܉ڷںڵ ݕ ڵڻڻ܉ڵڼ ݕ ބڴڹ G®/ޠÿŧĪŲƸ¼܉Katy Board, ßŏĜĪƣĪƫŏģĪŲƸ ڸڼڶ܉ڸڼڵ ݕ ڹںڻ܉ڷڼ ݕ ބڴڹ FŏŲÿŲĜĪ܉Eban Bari, ßŏĜĪƣĪƫŏģĪŲƸ ڴڷڷ܉ڽڷڶ ݕ ڻڽڸ܉ڽڻڵ ݕ ބڹڻ ¦SޠǜÿŧǀÿƸŏżŲƫ/܉James Dendle, ßŏĜĪƣĪƫŏģĪŲƸ ڸںڵ܉ڸڼڸ ݕ ڽڸڶ܉ڵڵڷ ݕ ބڴڽ Sheldon Vanderkooy, ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ ڷڶڵ܉ڵڼڹ ݕ ڵںڸ܉ڴڷڸ ݕ ބڹڵڵ Shaun Usmar, ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ1 ܡݕܠ Actual2 ܡݕܠ Target ܡބܠ Target Executive ܈ǝÿƫƫĪƸÿƫÿƠĪƣĜĪŲƸÿŃĪżłĪÿĜŊt/ܹƫěÿƫĪƫÿŧÿƣǣÿƫłżŧŧżǝƫڍڎڌڎ¼ŊĪÿǝÿƣģƸÿƣŃĪƸłżƣ Compensation Discussion and Analysis

ڝښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ŊÿƫěĪĪŲƸŊĪƣĪŰÿƣŤÿěŧĪڍڎڌڎƸŊĪŏŰƠƣĪƫƫŏǜĪŃƣżǝƸŊżłƸŊĪěǀƫŏŲĪƫƫ܏ ģÿǣżƠĪƣÿƸŏżŲƫƸżĜżŲƸŏŲǀĪܫƸżܫǝŊŏŧĪżǜĪƣƫĪĪŏŲŃƸŊĪĜżŲƸŏŲǀŏƸǣżłģÿǣ ܉ÿŲģ żŰƠÿŲǣ ƸŊƣżǀŃŊ ƸŊĪ ƸƣÿŲƫŏƸŏżŲ Ƹż ÿ ƠǀěŧŏĜŧǣ ƸƣÿģĪģ ĜżŰƠÿŲǣ ƸŊĪģŏƫĜƣĪƸŏżŲÿƣǣěżŲǀƫÿǝÿƣģƫ܏rƣ܏ÃƫŰÿƣƫǀĜĜĪƫƫłǀŧŧǣŧĪģƸŊĪƸĪÿŰ considered by the Compensation & ESG Committee in determining ǝĪƣĪ ܉ĜżŰƠĪƸĪŲĜŏĪƫ ÿŲģ ƠĪƣƫżŲÿŧ ÿƸƸƣŏěǀƸĪƫ żł ĪÿĜŊ ƸĪÿŰ ŰĪŰěĪƣ ĜżŰěŏŲĪģ ǝŏƸŊ ƸŊĪ ŤĪǣ ěĪŊÿǜŏżƣÿŧ ܉ڕڍܫ'ŧĪŲŃĪƫ ƠƣĪƫĪŲƸĪģ ěǣ ßS ƠÿƣƸŏĜǀŧÿƣŧǣÿŃÿŏŲƫƸƸŊĪżŲŃżŏŲŃĜŊÿŧ-܉ƫǀĜĜĪƫƫłǀŧǣĪÿƣłżƣ¼ƣŏƠŧĪFŧÿŃ ܏ǝżƣŤłżƣĜĪģŏƫŧżĜÿƸŏżŲƫڕڍܫ'żłĜǀƣƣĪŲƸŏŲǵŧÿƸŏżŲÿƣǣƠƣĪƫƫǀƣĪƫÿŲģ ßS ƠÿƣƸŏĜǀŧÿƣŧǣÿŃÿŏŲƫƸƸŊĪěÿĜŤģƣżƠ܉ƣĪŃǀŧÿƸżƣƫÿŲģƸŊĪěżÿƣģ܉ÿŲÿŧǣƫƸƫ ĪƢǀŏƸǣƣĪƫĪÿƣĜŊ܉ŏŲĜŧǀģĪłżƫƸĪƣŏŲŃżǀƣƣĪŧÿƸŏżŲƫŊŏƠƫǝŏƸŊżǀƣŏŲǜĪƫƸżƣƫ budget on G&A. These additional obligations as a public company ÿŧŧ ǝŊŏŧĪ ĪŲģŏŲŃ ƸŊĪ ǣĪÿƣ ǀŲģĪƣ ܉ģĪŰÿŲģƫ żł ƠǀěŧŏĜ ĜżŰƠÿŲǣ ŧŏłĪ ÿŲģ ÿģÿƠƸŏŲŃ ĜÿƠÿěŧǣ Ƹż ƸŊĪ ܉ƢǀÿŧŏƸǣ ÿŲģ ĪǳǿĜŏĪŲƸ ŰÿŲŲĪƣܫÿ ŊŏŃŊ ģĪŧŏǜĪƣŏŲŃ ÿ ŊŏŃŊŧǣ ƫǀĜĜĪƫƫłǀŧ S ŏŲ ܉ƸŊĪ ƸĪÿŰ ƠĪƣłżƣŰĪģ ǝĪŧŧ ܉ƸŏǜĪ Our team is our key competitive advantage. From a talent perspec- ܏ÿǳǿŧŏÿƸŏżŲǝĪƫƸƣżŲŃŧǣƫǀƠƠżƣƸ ÿŲ܉ܡ”UNGC“ܠÿĜƸŏǜĪŰĪŰěĪƣżłƸŊĪÃŲŏƸĪģtÿƸŏżŲƫGŧżěÿŧ żŰƠÿĜƸ ƫƸǀģĪŲƸƫŏŲtżƣƸŊĪƣŲ¥ǀĪěĪĜ܏àĪÿŧƫżĜżŲƸŏŲǀĪƸżěĪÿŲڑړƠÿĜŤƫƸż ÿŲģƠƣżǜŏģĪģƫĜŊżżŧƫǀƠƠŧŏĪƫÿŲģěÿĜŤ-܉ǀƫƸƣÿŧŏÿǝŏƸŊƫĜŊżŧÿƣƫŊŏƠƫ ƫƸǀģĪŲƸƫŏŲ®żǀƸŊłƣŏĜÿǝŏƸŊěǀƣƫÿƣŏĪƫÿŲģÿǝÿƣģĪģłżǀƣƫƸǀģĪŲƸƫŏŲ ƫƠżŲƫżƣĪģŲŏŲĪŰżƣĪĪŲŃŏŲĪĪƣŏŲŃ܉ĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣƫŏŲĜĪŏŲĜĪƠƸŏżŲ ǝĪ ŰÿŏŲƸÿŏŲĪģ żǀƣ ܉ģĪŰżŲƫƸƣÿƸŏŲŃ żǀƣ /®G ŧĪÿģĪƣƫŊŏƠ ܉ÿģģŏƸŏżŲ SŲ ܏ڍڎڌڎ àĪ ƠǀěŧŏƫŊĪģ żǀƣ ǿƣƫƸ ƫǀƫƸÿŏŲÿěŏŧŏƸǣ ƣĪƠżƣƸ ŏŲ ®ĪƠƸĪŰěĪƣ ESG LEADERSHIP & TALENT ܏ƠĪƣƫŊÿƣĪƠƣżǜŏģĪƫÿǣŏĪŧģƸŊÿƸƣÿŲŤƫǝŏƸŊƸŊĪěĪƫƸŏŲƸŊĪƫĪĜƸżƣ ڕڍ܏ڌÿŲģżǀƣÿŲŲǀÿŧŏǭĪģģŏǜŏģĪŲģżłÃ®ݕ܉ģŏǜŏģĪŲģƫƸżżǀƣƫŊÿƣĪŊżŧģĪƣƫ ÿǜÿŏŧÿěŧĪłżƣƸƣÿŲƫÿĜƸŏżŲƫ܏àĪŊÿǜĪÿŧƫżƠÿŏģżǀƣǿƣƫƸƸŊƣĪĪܡÿĜĜżƣģŏżŲ ŏŲĜŧǀģŏŲŃ ƸŊĪܠ ŰŏŧŧŏżŲ ڌڌڒÿŲģ ÿŲ ǀŲģƣÿǝŲ ĜƣĪģŏƸ łÿĜŏŧŏƸǣ żł ǀƠ Ƹż ݕ ŰŏŧŧŏżŲڍڐÿŲģǝŏƸŊŲĪƸĜÿƫŊżłżǜĪƣݕ܉ŰĪŲƸƫłżƣƸŊĪłżƣĪƫĪĪÿěŧĪłǀƸǀƣĪ ǝŏƸŊŲżĜżŰŰŏƸ-܉łƣĪĪܫŰÿǣěĪÿƣłƣǀŏƸ܏àĪĪŲģƸŊĪǣĪÿƣģĪěƸ܉ŃŏǜĪŲƸŏŰĪ ܉ĜżŲƸŏŲǀĪģƸżģĪǜĪŧżƠżǀƣƠƣĪłĪƣƣĪģěŏŧÿƸĪƣÿŧģĪÿŧżƠƠżƣƸǀŲŏƸŏĪƫǝŊŏĜŊ àĪ܏ڎڎڌڎڍ¥ÿģģĪģÿłǀƣƸŊĪƣģĪǜĪŧżƠŰĪŲƸƫƸÿŃĪÿƫƫĪƸƸżƸŊĪƠżƣƸłżŧŏżŏŲ ÿŲģ ܉ĜżżƣģŏŲÿƸĪģ ƫŏƸĪ ǜŏƫŏƸƫ ܉ěŏŲģŏŲŃ ÿŲģ ěŏŲģŏŲŃ żǳłĪƣƫܫŰǀŧƸŏƠŧĪ ŲżŲ ƫǀěŰŏƸƸĪģ܉ƸŊĪƸĪÿŰƣĪǜŏĪǝĪģŲǀŰĪƣżǀƫżƠƠżƣƸǀŲŏƸŏĪƫģǀƣŏŲŃƸŊĪǣĪÿƣ ܨÿĜżŲƸŏŲǀżǀƫŧǣÿĜƸŏǜĪǣĪÿƣǝŊĪŲǜŏĪǝĪģłƣżŰÿģĪÿŧǵŧżǝƠĪƣƫƠĪĜƸŏǜĪ ǝÿƫڍڎڌڎ܏ڍڎڌڎŰŏŧŧŏżŲŧÿƸĪƣŏŲڑGżŧģFŏĪŧģƫܹ®ÿŧÿƣĪƫtżƣƸĪƠƣżšĪĜƸłżƣݕ ÿŲģǝĪƫĪĜǀƣĪģƸŊƣĪĪÿģģŏƸŏżŲÿŧƣżǣÿŧƸŏĪƫƠƣżǢŏŰÿŧƸż܉ĪǢŏƫƸŏŲŃƠżƣƸłżŧŏż ĜżŰƠŧĪŰĪŲƸŏŲŃżǀƣ܉ŲĪǝƣżǣÿŧƸŏĪƫڐڏŰŏŧŧŏżŲÿģģĪģڒڐÿĜƢǀŏƫŏƸŏżŲłżƣݕ ƸŊĪĜŧżƫŏŲŃżłƸŊĪSrGh'ƣżǣÿŧƸǣƠżƣƸłżŧŏż܉ŰÿŤŏŲŃłƣżŲƸܫŲƸŊĪģĪÿŧ GROW VALUE current value. ŏŲŏƸŏÿŧ ŏŲǜĪƫƸŰĪŲƸ ǝŊĪŲ ĜżŲƫŏģĪƣŏŲŃ ĜÿƫŊ ǵŧżǝ ƣĪĜĪŏǜĪģ Ƹż ģÿƸĪ ÿŲģ Ǣ żǀƣڑ ŃĪŲĪƣÿƸŏŲŃ ŰżƣĪ ƸŊÿŲ ܨ ěǀƫŏŲĪƫƫ ŰżģĪŧ ǝŊĪŲ ǝĪŧŧ ĪǢĪĜǀƸĪģ This demonstrated the embedded optionality and advantages of this ܏ÿģģŏƸŏżŲÿŧŏŲǜĪƫƸŰĪŲƸÿŲģǝÿƫƫƸƣżŲŃŧǣÿĜĜƣĪƸŏǜĪƸżżǀƣŲĪƸÿƫƫĪƸǜÿŧǀĪ ǝŊŏĜŊ ÿģģĪģ ŰżƣĪ ƸŊÿŲ ÿ ģĪĜÿģĪ żł ŰŏŲĪ ŧŏłĪ żŲ ƸŊŏƫ ÿƫƫĪƸ łżƣ Ųż ܉żłƸŊĪƣĪŧĪÿƫĪżłƸŊĪ¼łƣĪƫŊƣżĜŤƠƣżšĪĜƸłĪÿƫŏěŏŧŏƸǣƫƸǀģǣŏŲĜƸżěĪƣ The most material positive change to the portfolio came in the form ܏NĪŲƸǣÿŲģ'ÿƣŃǀĪƫ܉'ÿǜŏģƫżŲ • Record production and exploration success demonstrated at Young- ÿŲģܔܡÿƣĪĜżƣģƫŏŲĜĪƸŊĪŰŏŲĪƫƸÿƣƸĪģƠƣżģǀĜƸŏżŲܠĜƸܕڍړڍƠƣŏĜĪżłÃ®ݕ ģŏÿŰżŲģƫÿŧĪŊÿǜŏŲŃÿƣĪÿŧŏǭĪģڎڎڌڎǝŏƸŊƸŊĪǿƣƫƸ܉ŰżŲģŰÿƣŤĪƸ Renard:ƣĪǜĪƣƸĪģěÿĜŤƸżƠżƫŏƸŏǜĪĜÿƫŊǵŧżǝżŲÿŰżƣĪěǀżǣÿŲƸģŏÿ- • ܔǀƠĜżŲƸŏŲǀĪģÿƸ®ƸǣŧģƣŏǽƸܫƣÿŰƠ RBPlat: achieved record production levels during the year as the • ܔƸƠģڌڌڌ܉ڐƸƠģƸżڌڌڌ܉ڏĪǢƠÿŲģŏŲŃƸŊƣżǀŃŊƠǀƸłƣżŰ Buritica: ÿĜŊŏĪǜĪģĜżŰŰĪƣĜŏÿŧƠƣżģǀĜƸŏżŲÿŲģŏƫǝĪŧŧÿģǜÿŲĜĪģŏŲ • ܔrƸƠÿڒ܏ړ Northparkes: continued to ramp up to its expanded capacity of • ܔNÿƣƣŏĪƣÿŲģ®ǝÿŲǭżŲĪƫ܉ ǣŃŲĪƸ ǝŏƸŊŲĪǝĪǢƠŧżƣÿƸŏżŲģŏƫĜżǜĪƣŏĪƫƠƣżŰŏƫŏŲŃŃżżģŧŏłĪĪǢƸĪŲƫŏżŲÿƸ ܉ŤżǭڌڌڑŤżǭÿŲģÿěżǜĪƣĪǜŏƫĪģŃǀŏģÿŲĜĪżłڑڎڐܨڌڌڐŃǀŏģÿŲĜĪżł łÿƣ ĪǢĜĪĪģŏŲŃ żƣŏŃŏŲÿŧ ܉Ťżǭ żł Ńżŧģ ڒ܏ڕڌڑ Fosterville: ƠƣżģǀĜĪģ • ܔڕÿŲģڑƣżěǀƫƸĪǢƠŧżƣÿƸŏżŲƣĪƫǀŧƸƫǝŏƸŊĪǢƸĪŲƫŏżŲżłǭżŲĪƫ ÿŲģ܉ڌڎڌڎŤżǭƫżŧģŏŲڌړړ܉ڍłƣżŰބڒڎǀƠ܉ڍڎڌڎƫƸƣĪÿŰĪģƫŏŧǜĪƣƫżŧģŏŲ Ťżǭ żł ڏڎڎ܉ڎ Cerro Lindo: ƫƸƣżŲŃ żƠĪƣÿƸŏŲŃ ƠĪƣłżƣŰÿŲĜĪ ǝŏƸŊ • ܈ŏŲĜŧǀģŏŲŃ ܉®ĪǜĪƣÿŧƫƸÿŲģżǀƸƠĪƣłżƣŰĪƣƫĪŰĪƣŃĪģŏŲƸŊĪƠżƣƸłżŧŏżģǀƣŏŲŃƸŊĪǣĪÿƣ OPTIMIZE PORTFOLIO Compensation Discussion and Analysis

ڞښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ǀŲģĪƣƫƸÿŲģÿŲģŏŰƠŧĪŰĪŲƸ܉• ®ŏŰƠŧĪƸżĜżŰŰǀŲŏĜÿƸĪ • Produce reasonable and defensible pay and performance outcomes ĪǢĪĜǀƸŏǜĪƫƸżƸÿŤĪǀŲģǀĪƣŏƫŤƫƸżĪÿƣŲƣĪǝÿƣģƫ ÿŲģ ÿǜżŏģŏŲŃ ģĪƫŏŃŲ łĪÿƸǀƣĪƫ ƸŊÿƸ Űÿǣ ģƣŏǜĪ ܉ǝŏƸŊ ƣŏƫŤ ŊżƣŏǭżŲƫ • ¦ĪǵŧĪĜƸƸŊĪ żŰƠÿŲǣܹƫƣŏƫŤƠżƫƸǀƣĪěǣÿŧŏŃŲŏŲŃƠÿǣŰĪŲƸŊżƣŏǭżŲƫ stretch goals Setting realistically achievable target goals and meaningful ܨ ŏŲǵŧǀĪŲĜĪ Focusing on performance measures that executives can directly ܨ ŰĪÿŲŏŲŃłǀŧƣĪǝÿƣģżƠƠżƣƸǀŲŏƸǣܕƣżǜŏģŏŲŃÿĜżŰƠĪƸŏƸŏǜĪ ܨ ܈ƠĪƣłżƣŰÿŲĜĪěǣ • rżƸŏǜÿƸĪ ĪǢĪĜǀƸŏǜĪƫ ÿŲģ żƸŊĪƣ ĪŰƠŧżǣĪĪƫ Ƹż ģƣŏǜĪ żƣŃÿŲŏǭÿƸŏżŲÿŧ ƣĪÿƸĪÿŧŏŃŲŰĪŲƸǝŏƸŊƸŊĪěǀƫŏŲĪƫƫƫƸƣÿƸĪŃǣ • ܈ǝŊŏĜŊŏŲĜŧǀģĪ܉ƠŧÿŲģĪƫŏŃŲ ĜżŲƫŏģĪƣĪģƸŊĪŃĪŲĪƣÿŧƠƣŏŲĜŏƠŧĪƫłżƣĪǳłĪĜƸŏǜĪŏŲĜĪŲƸŏǜĪ܉łƣżŰrĪƣĜĪƣ ǝŏƸŊ ĜżŲƫǀŧƸÿƸŏżŲ ÿŲģ ŃǀŏģÿŲĜĪ ܉G żŰŰŏƸƸĪĪ®/ ޠ żŰƠĪŲƫÿƸŏżŲ ƸŊĪ܉ÿŲģěĪǣżŲģڎڎڌڎSŲģĪƫŏŃŲŏŲŃƸŊĪ®¼SƠŧÿŲłƣÿŰĪǝżƣŤłżƣǿƫĜÿŧ ܏ŏŲĜŧǀģŏŲŃƸŊĪ /܉łżƣÿŧŧt/ÿŲŲǀÿŧŏŲĜĪŲƸŏǜĪƫ SŲģŏǜŏģǀÿŧƠĪƣłżƣŰÿŲĜĪÿƫƸŊĪěÿƫŏƫބڑڎƠĪƣłżƣŰÿŲĜĪĜżŰěŏŲĪģǝŏƸŊ żŰƠÿŲǣ ބڑړżÿƣģŊÿƫÿƠƠƣżǜĪģÿǝĪŏŃŊƸŏŲŃżłżłŰÿŲÿŃĪŰĪŲƸ܏¼ŊĪ żƣłÿĜƸżƣƫżǀƸƫŏģĪƸŊĪĜżŲƸƣżŧܡƠżƫŏƸŏǜĪżƣŲĪŃÿƸŏǜĪܠÿƣǣĜŏƣĜǀŰƫƸÿŲĜĪƫ ǝŊĪƣĪƣĪƫǀŧƸƫÿƣĪÿǳłĪĜƸĪģěǣĪǢƸƣÿżƣģŏŲ-܉ĪŏƸŊĪƣƠżƫŏƸŏǜĪŧǣżƣŲĪŃÿƸŏǜĪŧǣ ܉żǀƸĜżŰĪżłƸŊĪłƣÿŰĪǝżƣŤÿŲģŊÿƫƸŊĪżƠƠżƣƸǀŲŏƸǣƸżÿƠƠŧǣšǀģŃŰĪŲƸ żÿƣģƣĪǜŏĪǝƫƸŊĪŰĪÿƫǀƣĪżǀƣƠĪƣłżƣŰÿŲĜĪÿƸƸŊĪĪŲģżłƸŊĪǣĪÿƣ܏¼ŊĪ ÿŲģƢǀÿŧŏƸÿƸŏǜĪƸÿƣŃĪƸƫÿƸƸŊĪƫƸÿƣƸżłƸŊĪǣĪÿƣÿŃÿŏŲƫƸǝŊŏĜŊǝĪǝŏŧŧ ǝĪ ǝŏŧŧ ǀƫĪ ÿ łƣÿŰĪǝżƣŤ ÿƠƠƣżÿĜŊ Ƹż ƫĪƸ ěżƸŊ ƢǀÿŲƸŏƸÿƸŏǜĪ ܉ڎڎڌڎ SŲ able performance targets and evaluation of individual contributions. target amount depending on the level of achievement of the applic- SŲģŏǜŏģǀÿŧÿŲŲǀÿŧŏŲĜĪŲƸŏǜĪƠÿǣżǀƸƫǝŏŧŧěĪŊŏŃŊĪƣżƣŧżǝĪƣƸŊÿŲƸŊĪ operational performance targets. ŰżƣĪƫƠĪĜŏǿĜÿŧŧǣżǀƣÿŲŲǀÿŧǿŲÿŲĜŏÿŧÿŲģ܉ŲĪƫƫÿŲģǿŲÿŲĜŏÿŧżěšĪĜƸŏǜĪƫ ģĪƫŏŃŲĪģƸżŰżƸŏǜÿƸĪżǀƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫƸżŰĪĪƸżǀƣƫƸƣÿƸĪŃŏĜěǀƫŏ- ěÿƫĪģÿŲŲǀÿŧŏŲĜĪŲƸŏǜĪƠŧÿŲƸŊÿƸŏƫܫ¼ŊĪŲĪǝ®¼SŧÿŲŏƫÿƠĪƣłżƣŰÿŲĜĪ ܏ƸŊĪżƸŊĪƣt/ƫ łżŧŧżǝŏŲŃƣĪĜżŰŰĪŲģÿƸŏżŲƫłƣżŰƸŊĪ /ÿŲģ܉ƠŧÿŲģĪƫŏŃŲÿŲģÿǝÿƣģƫ G żŰŰŏƸƸĪĪǝŏŧŧƣĪŰÿŏŲƣĪƫƠżŲƫŏěŧĪłżƣÿƠƠƣżǜŏŲŃƸŊĪ®/ޠƠĪŲƫÿƸŏżŲ ÿŲģżƠĪƣÿƸŏżŲÿŧżěšĪĜƸŏǜĪƫǝŊŏŧĪģĪŧŏǜĪƣŏŲŃ/®GƠĪƣłżƣŰÿŲĜĪ܏¼ŊĪ żŰ- ǿŲÿŲĜŏÿŧ ܉ŏŲĜŧǀģŏŲŃ ƸŊĪ t/ƫ Ƹż ŰĪĪƸ ŃƣżǝƸŊ ܉ŏŲĜĪŲƸŏǜŏǭĪ ĪǢĪĜǀƸŏǜĪƫ ƸĪƣŰ ŏŲĜĪŲƸŏǜĪ ƠŧÿŲ ģĪƫŏŃŲĪģ ƸżܫěżŲǀƫ ǝŏŧŧ ěĪ ƣĪƠŧÿĜĪģ ǝŏƸŊ ÿ ƫŊżƣƸ ƸŊĪģŏƫĜƣĪƸŏżŲÿƣǣÿŲŲǀÿŧ܉żǀƣǿƣƫƸłǀŧŧǣĪÿƣÿƫÿƠǀěŧŏĜĜżŰƠÿŲǣ܉ڎڎڌڎFżƣ ژژږژ¦ NtG/®¼¼N/®N¦¼ܰ¼/¦rSt /t¼Sß/htF innovation and creativity. ŏŲĜŧǀģŏŲŃ܉ÿŲģÿěŏŧŏƸǣƸżģƣŏǜĪżǀƣĜżŰƠĪƸŏƸŏǜĪĪģŃĪ܉ÿƸŏżŲǝŏƸŊżƸŊĪƣƫ ĪŲŃÿŃĪŰĪŲƸÿŲģĜżŧŧÿěżƣ-܉ŤŲżǝŧĪģŃĪÿŲģƫŤŏŧŧƫ܉ĪÿĜŊt/ܹƫĪǢƠĪƣƸŏƫĪ G żŰŰŏƸƸĪĪłÿĜƸżƣĪģŏŲ®/ޠŰżǜŏŲŃǀƫłżƣǝÿƣģ܏¼ŊĪ żŰƠĪŲƫÿƸŏżŲ ĪǢĪĜǀƸŏŲŃ żŲ żǀƣ ĜżŰŰŏƸŰĪŲƸƫ ÿŲģ ܨ żǀƣ ®ǀƫƸÿŏŲÿěŏŧŏƸǣ šżǀƣŲĪǣ żÿƣģŊÿƫŊĪŧƠĪģƫŊÿƠĪÿŲģƫŊÿƣĪ܏rƫ܉ÿŲģłżŧŧżǝŏŲŃżǀƣS܏FŏŲÿŧŧǣ ƫĪƸƸŏŲŃƸŊĪěÿƣŊŏŃŊŧĪÿģŏŲŃǀƠƸż܉ƸŊÿƸƣŏǜÿŧƫÿŲǣżłżǀƣŧÿƣŃĪƣƠĪĪƣƫ żǜĪƣƫĪĪŏŲŃƸŊĪģĪŧŏǜĪƣǣżłÿŧĪǜĪŧżłƠǀěŧŏĜģŏƫĜŧżƫǀƣĪ܉ǿŲÿŲĜĪłǀŲĜƸŏżŲ ÿƣŏŊÿƫƸƣÿŲƫłżƣŰĪģƸŊĪ܏ƸŏƠŧĪĪǢĪĜǀƸŏǜĪƫŏŲƫŏŰŏŧÿƣżƣŃÿŲŏǭÿƸŏżŲƫ܏rƣ ƫƠÿŲŲŏŲŃÿƣĪÿƫżłƣĪƫƠżŲƫŏěŏŧŏƸǣƸǣƠŏĜÿŧŧǣŊĪŧģěǣŰǀŧ-܉ŊŏŃŊƢǀÿŧŏƸǣ Ŋÿƫ ěĪĪŲ ƣĪŰÿƣŤÿěŧĪ ÿŲģ ܉ŏŲŃ Ŋŏƫ ŏŲǜĪƫƸżƣ ƣĪŧÿƸŏżŲƫ ƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ supporting the ongoing business development activities and embrac- ÿŧŧǝŊŏŧĪ܉ÿŲģƣżÿģƫŊżǝƸŊŏƫǣĪÿƣ܉ģǀĪģŏŧŏŃĪŲĜĪ܉ƸŊĪSƠƣżƫƠĪĜƸǀƫ ěǀŏŧģŏŲŃ ĜÿƠÿěŏŧŏƸŏĪƫ܏ rƣ܏ 'ĪŲģŧĪܹƫ ĜżŲƫŏģĪƣÿěŧĪ ǝżƣŤ żŲܫÿŲģ ƸĪÿŰ ƠǀěŧŏĜ ĜżŰƠÿŲǣ܏ NĪ Ŋÿƫ ģĪŰżŲƫƸƣÿƸĪģ ƫƸƣżŲŃ ĜżŰŰĪƣĜŏÿŧ ÿĜǀŰĪŲ ŧĪŃÿŧÿŲģģŏƫĜŧżƫǀƣĪƣĪƢǀŏƣĪŰĪŲƸƫżłżƠĪƣÿƸŏŲŃÿ܉ŏƸǣżłƸŊĪǿŲÿŲĜŏÿŧ rƣ܏ßÿŲģĪƣŤżżǣĪǳłĪĜƸŏǜĪŧǣŲÿǜŏŃÿƸĪģƸŊĪƸĪÿŰƸŊƣżǀŃŊƸŊĪĜżŰƠŧĪǢ- ܏ǝŊŏĜŊÿƣĪłżǀŲģÿƸŏżŲÿŧƸż¼ƣŏƠŧĪFŧÿŃƫģŏƫƸŏŲĜƸŏǜĪěǀƫŏŲĪƫƫÿƠƠƣżÿĜŊ ܉ƸǀŲŏƸŏĪƫ ĜǀŧƸŏǜÿƸĪģ ƸŊƣżǀŃŊ ƠƣżłĪƫƫŏżŲÿŧ ŲĪƸǝżƣŤƫ ŏŲƸż ƠÿƣƸŲĪƣƫŊŏƠƫ ǵŧżǝÿŲģŧĪÿģŏŲŃƸƣÿŲƫÿĜƸŏżŲƫǝŏƸŊƸŊĪƸĪÿŰŏŲżƣģĪƣƸżĜżŲǜĪƣƸżƠƠżƣ- ÿŲģƢǀÿŧŏƸǣƸŊÿƸŊÿƫƣĪƫǀŧƸĪģ܏NĪƠŧÿǣƫÿŧĪÿģŏŲŃƣżŧĪŏŲƫżǀƣĜŏŲŃģĪÿŧ by the successful deal-making track record and portfolio performance ƸĪÿŰŊĪŊÿƫŊÿŲģƠŏĜŤĪģżǜĪƣƸŊĪƠÿƫƸŲĪÿƣŧǣƫŏǢǣĪÿƣƫŏƫĪǢĪŰƠŧŏǿĪģ ƫƸÿƣƸ܏rƣ܏ÃƫŰÿƣܹƫƢǀÿŧŏƸǣŧĪÿģĪƣƫŊŏƠÿŲģƸŊĪƫǀƫƸÿŏŲĪģģĪŧŏǜĪƣǣżłƸŊĪ emerging senior in the streaming and royalty sector from a standing ܉ƢǀÿŧŏƸǣܫĜǀŧŰŏŲÿƸŏżŲ żł ǿǜĪ ǣĪÿƣƫ żł ěǀŏŧģŏŲŃ ¼ƣŏƠŧĪ FŧÿŃ ŏŲƸż ÿ ŊŏŃŊ Compensation Discussion and Analysis

ڟښ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ģŏŧǀƸŏżŲǝŊŏŧĪŃƣżǝŏŲŃŧŏƢǀŏģŏƸǣ • ŰÿŏŲƸÿŏŲŏŲŃÿŲĪǳłĪĜƸŏǜĪĜÿƠŏƸÿŧƫƸƣǀĜƸǀƣĪƸŊÿƸŧŏŰŏƸƫ appropriate dividend • ÿŧŧżĜÿƸŏŲŃĜÿƠŏƸÿŧĪǳłĪĜƸŏǜĪŧǣŏŲĜŧǀģŏŲŃƠÿǣŏŲŃÿŲ • ƠżƣƸłżŧŏżżƠƸŏŰŏǭÿƸŏżŲǝŊŏŧĪĜżŲƸƣżŧŧŏŲŃĜżƫƸƫ • ƸÿŧĪŲƸÿŲģǿƣĪƠżǝĪƣƸżŃƣżǝǜÿŧǀĪ sustained value creation żƠĪƣÿƸżƣŰŏŲģƫĪƸƸżƠǀƣƫǀĪܫǝŏƸŊżǝŲĪƣ Short and long term ongoing actions ބڌڎ Corporate Priorities • secure favorable external ratings licence to operate • ĪŲŃÿŃĪÿŲģƠÿƣƸŲĪƣǝŏƸŊĜżǀŲƸĪƣƠÿƣƸŏĪƫƸżƫǀƠƠżƣƸ ƠÿƣƸǣĜĪƣƸŏǿĜÿƸŏżŲżłĜÿƣěżŲŲĪǀƸƣÿŧŏƸǣܫ• ƸŊŏƣģ ƫǀƠƠżƣƸ/®GŃżÿŧƫǝŏƸŊƠÿƣƸŲĪƣƫƣĪƠżƣƸŏŲŃ żŲŃżŏŲŃŏŲǜĪƫƸŰĪŲƸƸż܉ƠÿƣƸŲĪƣƫŊŏƠƫ ǳłĪĜƸŏǜĪģǀĪģŏŧŏŃĪŲĜĪƸżÿǜżŏģŲĪŃÿƸŏǜĪ/ ބڑڍ ESG Leadership • ĪŲŊÿŲĜĪƠżƣƸłżŧŏżƢǀÿŧŏƸǣǝŏƸŊÿĜƢǀŏƫŏƸŏżŲƫÿŲģƫÿŧĪƫ • actively manage asset optimization and reporting ĪǳłĪĜƸŏǜĪƣŏƫŤŰÿŲÿŃĪŰĪŲƸƠƣżŃƣÿŰ • ܡƫĪŧŧޠěǀǣܠƸŊƣżǀŃŊģĪÿŧƫ decisions to improve portfolio quality ŰÿŏŲƸÿŏŲĪǳłĪĜƸŏǜĪ/¦rÿŲģżŲŃżŏŲŃ ܉rÿŲÿŃĪƠżƣƸłżŧŏżÿŲģěǀƫŏŲĪƫƫƣŏƫŤ ބڑڍ Optimize Portfolio & Risk • perform against guidance • outperform peers and benchmarks budget & guidance streaming peers and performance against Relative share price performance versus ބڌڎ Outperform and Resource ƣżģǀĜƸŏżŲ܈• ģĪŧŏǜĪƣŃƣżǝƸŊłƣżŰĪǢŏƫƸŏŲŃƠżƣƸłżŧŏż ÿŲģßÿŧǀĪƠĪƣƫŊÿƣĪŃƣżǝƸŊ ĪƫżǀƣĜĪ¦܉ƣżģǀĜƸŏżŲ܈• ĪǢĪĜǀƸĪǜÿŧǀĪÿģģĪģģĪÿŧƫ organically via the existing portfolio GƣżǝƸŊŏŲǜÿŧǀĪƸŊƣżǀŃŊģĪÿŧƫÿŲģ ބڌڏ GƣżǝßÿŧǀĪ Value Driver Weight Description 2022 Objectives ®N¦¼ܰ¼/¦rSt /t¼Sß/à¦'F¦r/à¦f ܏ÿŲŲǀÿŧŧǣƸżĪŲƫǀƣĪÿŧŏŃŲŰĪŲƸǝŊŏŧĪŰÿŏŲƸÿŏŲŏŲŃĜżŲƫŏƫƸĪŲĜǣÿĜƣżƫƫƸŊĪłƣÿŰĪǝżƣŤ żłƸŊĪ żŰƠÿŲǣܹƫżěšĪĜƸŏǜĪƫÿŲģÿŧŏŃŲǝŏƸŊƸŊĪƫƸƣÿƸĪŃǣ܏¼ŊĪ®¼SłƣÿŰĪǝżƣŤÿŧŧżǝƫłżƣƫǀǳǿĜŏĪŲƸǵŧĪǢŏěŏŧŏƸǣƸżÿģšǀƫƸƸŊĪǝĪŏŃŊƸŏŲŃƫÿŲģżěšĪĜƸŏǜĪƫ G żŰŰŏƸƸĪĪŊÿƫÿŧƫżƣĪǜŏĪǝĪģÿŲģÿƠƠƣżǜĪģƸŊĪƠĪƣƫżŲÿŧżěšĪĜƸŏǜĪƫżłƸŊĪŰÿŲÿŃĪŰĪŲƸƸĪÿŰƸŊÿƸƫǀƠƠżƣƸƸŊĪÿĜŊŏĪǜĪŰĪŲƸ®/ޠ żŰƠĪŲƫÿƸŏżŲ ŊĪ¼܏ڎڎڌڎG żŰŰŏƸƸĪĪŊÿƫÿƠƠƣżǜĪģƸŊĪłżŧŧżǝŏŲŃłƣÿŰĪǝżƣŤÿŲģƫĪƸżěšĪĜƸŏǜĪƫÿŧŏŃŲĪģƸżżǀƣ żŰƠÿŲǣƫƸƣÿƸĪŃǣłżƣ®/ޠ¼ŊĪ żŰƠĪŲƫÿƸŏżŲ 2022 Short-Term Incentive Plan Framework Compensation Discussion and Analysis

ږڛ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ܏ܡŏŏܠÿŲģܡŏܠżł ÿĜżŰěŏŲÿƸŏżŲܡŏŏŏܠżƣ܉ÿŲǣƸƣÿŲƫłĪƣĜżƫƸƫĜŊÿƣŃĪģěǣƸŊĪƫĪĜǀƣŏƸŏĪƫģĪÿŧĪƣ ÿŲǣÿƠƠŧŏĜÿěŧĪǝŏƸŊŊżŧģŏŲŃƸÿǢĪƫÿŲģ܉ƸżƸŊĪÿŃŃƣĪŃÿƸĪĪǢĪƣĜŏƫĪƠƣŏĜĪ dealer in the capital markets as required to realize cash proceeds equal ŰŏŲǀƫ ƸŊĪ ŲǀŰěĪƣ żł żŰŰżŲ ®ŊÿƣĪƫ ƫżŧģ ěǣ ÿ ƫĪĜǀƣŏƸŏĪƫ ܉żƠƸŏżŲƫ that is equal to the number of Common Shares underlying the stock ÿŲÿŃŃƣĪŃÿƸĪŲǀŰěĪƣżł żŰŰżŲ®ŊÿƣĪƫܡŏŏܠ܉ěǣƸŊĪƫĪĜǀƣŏƸŏĪƫģĪÿŧĪƣ ÿŲǣÿƠƠŧŏĜÿěŧĪǝŏƸŊŊżŧģŏŲŃƸÿǢĪƫÿŲģÿŲǣƸƣÿŲƫłĪƣĜżƫƸƫĜŊÿƣŃĪģ܉ƠƣŏĜĪ ŧĪƫƫƸŊĪÿŃŃƣĪŃÿƸĪĪǢĪƣĜŏƫĪ܉ěǣÿƫĪĜǀƣŏƸŏĪƫģĪÿŧĪƣŏŲƸŊĪĜÿƠŏƸÿŧŰÿƣŤĪƸƫ ized upon the sale of the Common Shares underlying the stock options ÿŲÿŰżǀŲƸŏŲĜÿƫŊĪƢǀÿŧƸżƸŊĪĜÿƫŊƠƣżĜĪĪģƫƣĪÿŧ-ܡŏܠƸżƣĪĜĪŏǜĪܡģĪÿƸŊ his or her personal legal representative in the event of a participant’s żƣܠŊĪĜÿƫŊŧĪƫƫĪǢĪƣĜŏƫĪłĪÿƸǀƣĪƠĪƣŰŏƸƫÿƠÿƣƸŏĜŏƠÿŲƸ¼܏ܡŰŲŏěǀƫŧÿŲ from the number of Common Shares available for issuance under the ǝŏƸŊ ÿ łǀŧŧ ģĪģǀĜƸŏżŲܠ ŰŲŏěǀƫ ŧÿŲ Ŋÿƫ ÿ ĜÿƫŊŧĪƫƫ ĪǢĪƣĜŏƫĪ łĪÿƸǀƣĪ ƸŊĪ܉¼żłÿĜŏŧŏƸÿƸĪƸŊĪƠÿǣŰĪŲƸżłƸŊĪĪǢĪƣĜŏƫĪƠƣŏĜĪżłƸŊĪƫƸżĜŤżƠƸŏżŲƫ termination of a participant’s employment. ŏŲĜŧǀģŏŲŃ ƸŊĪ ܉ƫƸżĜŤ żƠƸŏżŲƫ ǀƠżŲ ƸŊĪ żĜĜǀƣƣĪŲĜĪ żł ĜĪƣƸÿŏŲ ĪǜĪŲƸƫ ƠĪƣŏżģ܏ ¼ŊĪ ŰŲŏěǀƫ ŧÿŲ ǝŏŧŧ ÿŧƫż ƠƣżǜŏģĪ łżƣ ĪÿƣŧŏĪƣ ĪǢƠŏƣÿƸŏżŲ żł ěǀƫŏŲĪƫƫģÿǣƫÿǽƸĪƣƸŊĪĪŲģżłƸŊĪěŧÿĜŤżǀƸڌڍŰÿƸŏĜÿŧŧǣĪǢƸĪŲģĪģǀŲƸŏŧ ƸŊĪĪǢƠŏƣǣģÿƸĪǝŏŧŧěĪÿǀƸż-܉ĪǢƠŏƣǣģÿƸĪłÿŧŧƫģǀƣŏŲŃÿěŧÿĜŤżǀƸƠĪƣŏżģ ƠƣżǜŏģĪģƸŊÿƸŏłƸŊĪ܉ŰÿǣŲżƸĪǢĜĪĪģƫĪǜĪŲǣĪÿƣƫłƣżŰƸŊĪģÿƸĪżłŃƣÿŲƸ żÿƣģƸŊÿƸ®ƸżĜŤżƠƸŏżŲƫŰǀƫƸěĪĪǢĪƣĜŏƫĪģǝŏƸŊŏŲÿƠĪƣŏżģǿǢĪģěǣżǀƣ ܏żŲĪÿĜŊżłƸŊĪǿƣƫƸƸŊƣĪĪÿŲŲŏǜĪƣƫÿƣŏĪƫżłƸŊĪŃƣÿŲƸģÿƸĪ ބڏڏ܏ڏڏƸżĜŤżƠƸŏżŲƫŃĪŲĪƣÿŧŧǣǜĪƫƸ®܏ܡǝŊŏĜŊƸŊĪƫƸżĜŤżƠƸŏżŲŏƫŃƣÿŲƸĪģ ƸŊĪ‘‘Market Value’’) onܠģÿǣŏŰŰĪģŏÿƸĪŧǣƠƣŏżƣƸżƸŊĪÿƠƠŧŏĜÿěŧĪģÿƸĪ ƸŊĪĜŧżƫŏŲŃƠƣŏĜĪżłÿ żŰŰżŲ®ŊÿƣĪżŲƸŊĪ¼®åżŲƸŊĪŧÿƫƸƸƣÿģŏŲŃ ܉ŏ܏Ī܏ܠŰÿǣŲżƸěĪŧĪƫƫƸŊÿŲƸŊĪłÿŏƣŰÿƣŤĪƸǜÿŧǀĪżłÿ żŰŰżŲ®ŊÿƣĪ żÿƣģ ÿŲģ ¼ŊĪ ĪǢĪƣĜŏƫĪ ƠƣŏĜĪ łżƣ ƫƸżĜŤ żƠƸŏżŲƫ ŏƫ ģĪƸĪƣŰŏŲĪģ ěǣ żǀƣ Stock Options ڻڽں܉ڶ ڼڸڵ܉ڽڹ G®/ޠÿŧĪŲƸ¼܉ßŏĜĪƣĪƫŏģĪŲƸ Katy Board, ڷںڻ܉ڶ ڵڽڹ܉ڴں FŏŲÿŲĜĪ܉ßŏĜĪƣĪƫŏģĪŲƸ Eban Bari, ڷڶں܉ڷ ڴںڸ܉ڽڻ ¦SޠǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ James Dendle, ڻڴڸ܉ڵڵ ڷڹڵ܉ڴڹڶ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy, ڴڵڹ܉ںڷ ڵںں܉ڴڴڼ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Shaun Usmar, Executive Stock Options RSUs ܈ŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊżǀƣSڍڎڌڎŃƣÿŲƸĪģƸżƸŊĪt/ƫŏŲ ¼ŊĪ łżŧŧżǝŏŲŃ ƸÿěŧĪ ƫŊżǝƫ ƸŊĪ ŲǀŰěĪƣ żł ƫƸżĜŤ żƠƸŏżŲƫ ÿŲģ ¦®Ãƫ ܏¦®ÃƫǜĪƫƸŏŲłǀŧŧżŲƸŊĪƸŊŏƣģÿŲŲŏǜĪƣƫÿƣǣżłƸŊĪŏƣŃƣÿŲƸģÿƸĪ ƸŊŏƣģżŲĪÿĜŊżłƸŊĪǿƣƫƸƸŊƣĪĪÿŲŲŏǜĪƣƫÿƣŏĪƫżłƸŊĪŏƣŃƣÿŲƸģÿƸĪƫÿŲģƸŊĪ exercise price equal to the IPO price. The stock options vest as to one- ¼ŊĪƫƸżĜŤżƠƸŏżŲƫĪǢƠŏƣĪƫĪǜĪŲǣĪÿƣƫÿǽƸĪƣƸŊĪŃƣÿŲƸģÿƸĪÿŲģŊÿǜĪÿŲ is relevant for the 2022 compensation year. żÿƣģܹƫƸÿƣŃĪƸ܏ÿƣŏÿŲģrƫŊĪŏŲĜƣĪÿƫĪƸżrĪƫƫƣƫ܏'ĪŲģŧĪÿŲģ¼܏ڍڎڌڎŏŲ ŊÿǜĪƣĪĜĪŏǜĪģƸŊĪh¼SÿǝÿƣģƫŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊĪSłżƣƸŊĪŏƣĪǳłżƣƸƫ ƸŊĪt/ƫǝŏŧŧżŲŧǣܔڍڎڌڎżƣěĪĜÿŰĪƠÿǣÿěŧĪƸżƸŊĪt/ƫŏŲ܉ĪÿƣŲĪģěǣ ܉Ãƫ żƣ ƫƸżĜŤ żƠƸŏżŲƫ ǝĪƣĪ ÿǝÿƣģĪģ Ƹż® ܉ÿģģŏƸŏżŲÿŧ ŃƣÿŲƸƫ żł ¦®Ãƫ ƸŊĪƸÿƣŃĪƸh¼SÿǝÿƣģŃƣÿŲƸĪģƸżt/ƫŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊĪS܏tż ŏŲƸŊĪÿěżǜĪƸÿěŧĪŏƫƸŊĪƸÿƣŃĪƸƸŊÿƸǝÿƫǀƫĪģĪǢĜŧǀƫŏǜĪŧǣƸżģĪƸĪƣŰŏŲĪ ÿƣŃĪƸܷ¼ڍڎڌڎƫŏŲƸĪƣĪƫƸƫǝŏƸŊƸŊżƫĪżłƫŊÿƣĪŊżŧģĪƣƫ܏¼ŊĪܶܓŰÿŲÿŃĪŰĪŲƸ component of performance share units to even further strengthen ǝĪ ǝŏŧŧ ƸƣÿŲƫŏƸŏżŲ Ƹż ŏŲĜŧǀģĪ ÿ ܉ƫĪƸ ŰĪÿŲŏŲŃłǀŧ ƠĪƣłżƣŰÿŲĜĪ ŊǀƣģŧĪƫ ÿŲģłƣżŰǝŊŏĜŊǝĪǝŏŧŧěĪÿěŧĪƸż܉ƠĪƣłżƣŰÿŲĜĪŊŏƫƸżƣǣƸżƣĪŧǣǀƠżŲ ǝŏƸŊÿłĪǝǣĪÿƣƫżł܉ƠǀěŧŏĜĜżŰƠÿŲǣ܏SƸŏƫĪǢƠĪĜƸĪģƸŊÿƸŏŲƸŊĪłǀƸǀƣĪ ÿƫÿŲĪǝŧǣ܉ÿƫƸŊĪŧżŲŃĪƣƸŏŰĪŊżƣŏǭżŲƸŊÿƸƫƸżĜŤżƠƸŏżŲƫƠƣżǜŏģĪłżƣ żƠƸŏżŲƫ ÿŲģ ¦®Ãƫ łżƣ ŏƸƫ żǜĪƣÿŧŧ ƣĪŧÿƸŏżŲƫŊŏƠ Ƹż ƠĪƣłżƣŰÿŲĜĪ ÿƫ ǝĪŧŧ ŏŲ ¦®Ãƫ܏ ¼ŊĪ żŰƠÿŲǣ Ŋÿƫ ĜŊżƫĪŲ ƸŊŏƫ ÿŧŧżĜÿƸŏżŲ żł ƫƸżĜŤ ބڌڎ ÿŲģ ŏŲ ƫƸżĜŤ żƠƸŏżŲƫ ބڌڔ ÿŲģ ǝĪŏŃŊƸĪģ ܡƫĪƸ łżƣƸŊ ŏŲ ƸŊĪ ƸÿěŧĪ ÿěżǜĪܠ ƸĪƣŰŏŲĜĪŲƸŏǜĪƸÿƣŃĪƸܫS܏¼ŊĪŃƣÿŲƸƫǝĪƣĪěÿƫĪģżŲĪÿĜŊt/ܹƫŧżŲŃ t/ƫǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊĪĜŧżƫŏŲŃżłżǀƣ ƸŊĪ żŰƠÿŲǣŃƣÿŲƸĪģƫƸżĜŤżƠƸŏżŲƫÿŲģ¦®ÃƫƸżĪÿĜŊżłƸŊĪ܉ڍڎڌڎSŲ ܏ڎڎڌڎ܉ڍĪǳłĪĜƸŏǜĪdÿŲǀÿƣǣބڑڎڍżÿƣģܹƫh¼SƸÿƣŃĪƸŊÿƫěĪĪŲŏŲĜƣĪÿƫĪģƸż܏ÿƣŏÿŲģrƫ܏rƣ 2 ܏ڍڎڌڎŏŲ'ĪĜĪŰěĪƣބڌڑڍÿŲģŊÿƫěĪĪŲŏŲĜƣĪÿƫĪģƸżބڌڎڍrƣ܏'ĪŲģŧĪܹƫh¼SƸÿƣŃĪƸÿƸSǝÿƫ 1 ڶڸڹ܉ڷںڵ ݕ ބڴڴڵ G2®/ޠÿŧĪŲƸ¼܉ßŏĜĪƣĪƫŏģĪŲƸ Katy Board, ڵڷڹ܉ڻںڵ ݕ ބڴڴڵ FŏŲÿŲĜĪ2܉ßŏĜĪƣĪƫŏģĪŲƸ Eban Bari, ںڽڵ܉ڻڼڶ ݕ ބڴڶڵ S¦1ޠǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ James Dendle, ڷںں܉ڵڽں ݕ ބڴڴڶ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy, ڵڴڼ܉ڷڵڶ܉ڶ ݕ ބڴڴڷ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Shaun Usmar, ܡݕܠ Target 2021 ܡżłƫÿŧÿƣǣބÿƫÿܠ 2021 Target Executive ܏ÿƫƫĪƸłżƣƸŊŏŲƸŊĪƸÿěŧĪěĪŧżǝ܉ěĪŲĜŊŰÿƣŤƫÿŲģƠĪƣłżƣŰÿŲĜĪżěšĪĜƸŏǜĪƫ ĪƫƸÿěŧŏƫŊĪģƸÿƣŃĪƸÿǝÿƣģƫłżƣĪÿĜŊt/ǝŏƸŊƣĪłĪƣĪŲĜĪƸżÿƠƠŧŏĜÿěŧĪ żÿƣģ t/ƫ ǝĪƣĪ ŃƣÿŲƸĪģ ƫƸżĜŤ żƠƸŏżŲƫ ÿŲģ ¦®Ãƫ ÿŲģ ƸŊĪ ܉ڍڎڌڎ SŲ ܏ÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪƸĪƣŰƫżłƸŊĪŰŲŏěǀƫŧÿŲ ant entities. This amendment did not require shareholder approval in ƸżƠĪƣŰŏƸŃƣÿŲƸƫƸżĜżŲƫǀŧƸ-ڍڎڌڎ¼ŊĪŰŲŏěǀƫŧÿŲǝÿƫÿŰĪŲģĪģŏŲ Awards”).“܉ĜżŧŧĪĜƸŏǜĪŧǣܠÃƫÿŲģ®Ãƫ®¦܉ěĪŏŲƸŊĪłżƣŰżłƫƸżĜŤżƠƸŏżŲƫ /ƢǀŏƸǣÿǝÿƣģƫÿƣĪŃƣÿŲƸĪģǀŲģĪƣƸŊĪ żŰƠÿŲǣܹƫŰŲŏěǀƫŧÿŲÿŲģŰÿǣ htGܰ¼/¦r/¥ÃS¼æSt /t¼Sß/ht® Compensation Discussion and Analysis

ڗڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG Common Shares. żłƸŊĪżǀƸƫƸÿŲģŏŲŃބڌڍĜÿŲŲżƸĪǢĜĪĪģ܉ĜżŰƠĪŲƫÿƸŏżŲÿƣƣÿŲŃĪŰĪŲƸƫ ěÿƫĪģܫżƣ ǝŊĪŲ ĜżŰěŏŲĪģ ǝŏƸŊ ÿŧŧ żł ƸŊĪ żŰƠÿŲǣܹƫ żƸŊĪƣ ƫĪĜǀƣŏƸǣ ܉ǀŲģĪƣ ƸŊĪ ŰŲŏěǀƫ ŧÿŲ ÿŧżŲĪ ܉ŏŲ ĪÿĜŊ ĜÿƫĪ ܉ żŰƠÿŲǣ ÿƸ ÿŲǣ ƸŏŰĪ ŏƫƫǀÿěŧĪƸżŏŲƫŏģĪƣƫżłƸŊĪܡŏŏܠżƣ܉ǣĪÿƣƠĪƣŏżģܫ żŰƠÿŲǣǝŏƸŊŏŲÿŲǣżŲĪ ŏƫƫǀĪģƸżŏŲƫŏģĪƣƫżłƸŊĪܡŏܠŲǀŰěĪƣżł żŰŰżŲ®ŊÿƣĪƫƸŊÿƸŰÿǣěĪ compensation arrangements of the Company to any one person. The under the Omnibus Plan or pursuant to any other security-based żłƸŊĪżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫŰÿǣěĪŏƫƫǀĪģބڑtżŰżƣĪƸŊÿŲ ܏żłƸŊĪŏƫƫǀĪģÿŲģżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫÿƫżłƸŊÿƸģÿƸĪބڐ ƣĪƠƣĪƫĪŲƸŏŲŃÿƠƠƣżǢŏŰÿƸĪŧǣ܉łǀƸǀƣĪŏƫƫǀÿŲĜĪǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲ żŰŰżŲ ®ŊÿƣĪƫ ƣĪŰÿŏŲ ÿǜÿŏŧÿěŧĪ łżƣ ڔڕړ܉ڔڏڎ܉ڒ ܉ڍڎڌڎ ܉ڍڏ 'ĪĜĪŰěĪƣ of the issued and outstanding Common Shares as of that date. As of ބڍ ƣĪƠƣĪƫĪŲƸŏŲŃ ÿƠƠƣżǢŏŰÿƸĪŧǣ ܉ŃƣÿŲƸĪģ ǀŲģĪƣ ƸŊĪ ŰŲŏěǀƫ ŧÿŲ ÃƫŊÿģěĪĪŲ®¦ړڍڎ܉ڕڒƠƸŏżŲƫÿŲģڌڍڕ܉ړڍڑ܉ڍ܉ڍڎڌڎ܉ڍڏƫÿƸ'ĪĜĪŰěĪƣ ܏ƸŊƣĪĪǣĪÿƣƫłƣżŰÿŰÿšżƣŏƸǣżłƸŊĪǜżƸĪƫĜÿƫƸěǣƫŊÿƣĪŊżŧģĪƣƫ ĜÿƸĪģÿǝÿƣģƫǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲěĪƫżǀŃŊƸěǣƸŊĪ żŰƠÿŲǣĪǜĪƣǣ ƸŊĪƣǀŧĪƫżłƸŊĪ¼®å܏¼ŊĪ¼®åƣĪƢǀŏƣĪƫƸŊÿƸƸŊĪÿƠƠƣżǜÿŧżłÿŧŧǀŲÿŧŧż- ƸŊĪŰŲŏěǀƫŧÿŲŏƫĜżŲƫŏģĪƣĪģÿŲĪǜĪƣŃƣĪĪŲƠŧÿŲƠǀƣƫǀÿŲƸƸż܉ÿƣĪƫǀŧƸ become available for subsequent issuance under the Omnibus Plan. As żƣģŏƫƠżƫĪģżłżƣƸŊÿƸŊÿǜĪĪǢƠŏƣĪģżƣƸĪƣŰŏŲÿƸĪģłżƣÿŲǣƣĪÿƫżŲǝŏŧŧ żŰŰżŲ ®ŊÿƣĪƫ ǀŲģĪƣŧǣŏŲŃ ¦®Ãƫ ÿŲģ ®Ãƫ ƸŊÿƸ ŊÿǜĪ ěĪĪŲ ƫĪƸƸŧĪģ become available for subsequent issuance under the Omnibus Plan. żƣģŏƫƠżƫĪģżłżƣƸŊÿƸŊÿǜĪĪǢƠŏƣĪģżƣƸĪƣŰŏŲÿƸĪģłżƣÿŲǣƣĪÿƫżŲǝŏŧŧ Common Shares underlying stock options that have been exercised ܏żłƸŊĪŏƫƫǀĪģÿŲģżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫłƣżŰƸŏŰĪƸżƸŏŰĪބڐ ®ŊÿƣĪƫƸŊÿƸŰÿǣěĪŏƫƫǀĪģƠǀƣƫǀÿŲƸƸż¦®ÃƫÿŲģ®ÃƫĜÿŲŲżƸĪǢĜĪĪģ ƸŊĪŰÿǢŏŰǀŰŲǀŰěĪƣżł żŰŰżŲ܉ƠƣżǜŏģĪģƸŊÿƸ܉łƣżŰƸŏŰĪƸżƸŏŰĪ żłƸŊĪŏƫƫǀĪģÿŲģżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫބڑƸŊĪŰŲŏěǀƫŧÿŲŏƫ The maximum number of Common Shares available for issuance under and Participation Limits Common Shares Subject to the Omnibus Plan are not eligible to participate in the Omnibus Plan. ĪŰƠŧżǣĪĪģŏƣĪĜƸżƣƫܫĪŧŏŃŏěŧĪƸżƠÿƣƸŏĜŏƠÿƸĪŏŲƸŊĪŰŲŏěǀƫŧÿŲ܏tżŲ ÿŲģ ĜżŲƫǀŧƸÿŲƸƫ żł ƸŊĪ żŰƠÿŲǣ ÿŲģ ŏƸƫ ģĪƫŏŃŲÿƸĪģ ÿǳǿŧŏÿƸĪƫ ÿƣĪ the Omnibus Plan to the Compensation & ESG Committee. Employees ģĪŧĪŃÿƸĪŏƸƫÿģŰŏŲŏƫƸƣÿƸŏǜĪƠżǝĪƣƫǀŲģĪƣ܉ŏŲŏƸƫģŏƫĜƣĪƸŏżŲ܉żÿƣģŰÿǣ ƠƣżǜŏģĪģ ƸŊÿƸ ƸŊĪ ܉żÿƣģ ¼ŊĪ ŰŲŏěǀƫ ŧÿŲ ŏƫ ÿģŰŏŲŏƫƸĪƣĪģ ěǣ żǀƣ Administration and Eligibility ܏ܡżƣ®ÃƫܠƸŊĪƣĪŧÿƸĪģ¦®Ãƫ ÿƠÿƣƸŏĜŏƠÿŲƸÿƣĪƫǀěšĪĜƸƸżƸŊĪƫÿŰĪǜĪƫƸŏŲŃĜżŲģŏƸŏżŲƫÿƠƠŧŏĜÿěŧĪƸż ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫĜƣĪģŏƸĪģƸż'܏ܡÿƫÿƠƠŧŏĜÿěŧĪ܉żƣ®ÃƫܠłżƣŰżł¦®Ãƫ ®ŊÿƣĪƫżŲƸŊĪģŏǜŏģĪŲģƠÿǣŰĪŲƸģÿƸĪ܏'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫÿƣĪŏŲƸŊĪ ÿŲģƸŊĪŲģŏǜŏģĪģěǣƸŊĪrÿƣŤĪƸßÿŧǀĪżłƸŊĪ żŰŰżŲ܉ żŰŰżŲ®ŊÿƣĪ plied by the amount of the dividend paid by the Company on each ŊĪŧģěǣƸŊĪƠÿƣƸŏĜŏƠÿŲƸżŲƸŊĪƣĪŧĪǜÿŲƸƣĪĜżƣģģÿƸĪŰǀŧƸŏ-ܡÿŲģ®Ãƫܠ ěĪĜƣĪģŏƸĪģƸżÿƠÿƣƸŏĜŏƠÿŲƸŏƫĪƢǀÿŧƸżƸŊĪÿŃŃƣĪŃÿƸĪŲǀŰěĪƣżł¦®Ãƫ ƣĪĜżƣģģÿƸĪłżƣƫǀĜŊģŏǜŏģĪŲģƫ܏¼ŊĪŲǀŰěĪƣżł'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫƸż żŲƸŊĪܡżƣ®ÃƫܠŰÿƸŏĜÿŧŧǣĜƣĪģŏƸĪģƸżĪÿĜŊƠÿƣƸŏĜŏƠÿŲƸǝŊżŊżŧģƫ¦®Ãƫ ǝŏŧŧěĪÿǀƸż-ܡ’’Dividend Share Units‘‘ܠÿģģŏƸŏżŲÿŧƫŊÿƣĪǀŲŏƸƫ܉®ŊÿƣĪƫ ÿƣĪ Ơÿŏģ żŲ żŰŰżŲ ܡżƸŊĪƣ ƸŊÿŲ ƫƸżĜŤ ģŏǜŏģĪŲģƫܠ àŊĪŲ ģŏǜŏģĪŲģƫ Dividend Share Units ܏ܡŏŏܠÿŲģܡŏܠÿĜżŰěŏŲÿƸŏżŲżłܡŏŏŏܠżƣ܉ƸŊĪƫĪƸƸŧĪŰĪŲƸģÿƸĪ ÿŲģƣĪŧÿƸĪģ'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫŰǀŧƸŏƠŧŏĪģěǣƸŊĪrÿƣŤĪƸßÿŧǀĪÿƫÿƸ ĪƢǀÿŧƸżƸŊĪŲǀŰěĪƣżł żŰŰżŲ®ŊÿƣĪƫĜżǜĪƣĪģěǣƸŊĪ¦®Ãƫżƣ®Ãƫ ܡŲĪƸżłÿƠƠŧŏĜÿěŧĪǝŏƸŊŊżŧģŏŲŃƸÿǢĪƫܠƸŊĪƠÿƣƸŏĜŏƠÿŲƸÿŲÿŰżǀŲƸŏŲĜÿƫŊ ģĪŧŏǜĪƣƸżܡŏŏܠżƣ܉ܡÿƫģĪǿŲĪģěĪŧżǝܠÿŲģƣĪŧÿƸĪģ'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫ ƸƣĪÿƫǀƣǣƸŊĪŲǀŰěĪƣżł żŰŰżŲ®ŊÿƣĪƫĜżǜĪƣĪģěǣƸŊĪ¦®Ãƫżƣ®Ãƫ ŏƫƫǀĪłƣżŰܡŏܠŏŲŏƸƫƫżŧĪģŏƫĜƣĪƸŏżŲ܉ƸŊĪ żŰƠÿŲǣǝŏŧŧĪŏƸŊĪƣ܉¦®Ãżƣ®Ã żŲƸŊĪƫĪƸƸŧĪŰĪŲƸģÿƸĪżłÿŲ܉ܡŏłÿƠƠŧŏĜÿěŧĪܠƣĪŧÿƸĪģĜżŲģŏƸŏżŲƫܫÿŲĜĪ ®ǀěšĪĜƸ Ƹż ƸŊĪ ÿĜŊŏĪǜĪŰĪŲƸ żł ƸŊĪ ÿƠƠŧŏĜÿěŧĪ ǜĪƫƸŏŲŃ ÿŲģ ƠĪƣłżƣŰ- third calendar year from the date of the grant. ŃĪŲĪƣÿŧŧǣǀŲƸŏŧƸŊĪĪŲģżłƸŊĪ܉ÿƣĪŰĪÿƫǀƣĪģżǜĪƣÿƫƠĪĜŏǿĪģƠĪƣŏżģ ǝŊŏĜŊ܉żÿƣģłżƣŰÿŲĜĪĜƣŏƸĪƣŏÿżƣżƸŊĪƣĜƣŏƸĪƣŏÿÿƫģĪƸĪƣŰŏŲĪģěǣżǀƣ ŏŲģŏǜŏģǀÿŧƠĪƣ-܉ܡĪŏƸŊĪƣÿěƫżŧǀƸĪżƣƣĪŧÿƸŏǜĪżƣěżƸŊܠƫŊÿƣĪŊżŧģĪƣƣĪƸǀƣŲ ƸżƸÿŧ ܉ŏŲĜŧǀģĪ ǿŲÿŲĜŏÿŧ żƣ żƠĪƣÿƸŏżŲÿŧ ƠĪƣłżƣŰÿŲĜĪ żł ƸŊĪ żŰƠÿŲǣ ƣĪŧÿƸĪģǜĪƫƸŏŲŃĜżŲģŏƸŏżŲƫŰÿǣܫƸŊĪƠĪƣłżƣŰÿŲĜĪ܉SŲƸŊĪĜÿƫĪżł®Ãƫ ܏ÿƣĪƫĪƸżǀƸŏŲƸŊĪƠÿƣƸŏĜŏƠÿŲƸܹƫŃƣÿŲƸÿŃƣĪĪŰĪŲƸ܉ÿǝÿƣģƫ ƫĪƸƸŧĪŰĪŲƸģÿƸĪÿŲģżƸŊĪƣƸĪƣŰƫÿŲģĜżŲģŏƸŏżŲƫǝŏƸŊƣĪƫƠĪĜƸƸżƸŊĪ ܉ǜĪƫƸŏŲŃƠĪƣŏżģƫ܉ǜĪƫƸŏŲŃĜżŲģŏƸŏżŲƫ܉ŃƣÿŲƸģÿƸĪ܉ƸǣƠĪżłÿǝÿƣģ܉ƢǀÿŲƸŏƸǣ ŏŲĜŧǀģŏŲŃƸŊĪ܉ܡÿŲģ®Ãƫܠ¼ŊĪƸĪƣŰƫÿŲģĜżŲģŏƸŏżŲƫżłŃƣÿŲƸƫżł¦®Ãƫ RSUs and PSUs Compensation Discussion and Analysis

ژڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ŰżŲƸŊƫłżŧŧżǝŏŲŃƸŊĪĜŊÿŲŃĪżłĜżŲƸƣżŧڎڍ1 /ŧŏŃŏěŧĪŏłƸĪƣŰŏŲÿƸŏżŲǝŏƸŊżǀƸĜÿǀƫĪżƣƣĪƫŏŃŲÿƸŏżŲłżƣŃżżģƣĪÿƫżŲżĜĜǀƣƫǝŏƸŊŏŲ • 1 year to exercise vested • Accelerated vesting of unvested based on target performance ǜĪƫƸ܉ŰżŲƸŊƫƸŊƣżǀŃŊƠĪƣłżƣŰÿŲĜĪƠĪƣŏżģڎڍ ŏłŧĪƫƫƸŊÿŲܔǜĪƫƸěÿƫĪģżŲƠĪƣłżƣŰÿŲĜĪƸżģÿƸĪ ܉żƣŰżƣĪŰżŲƸŊƫƸŊƣżǀŃŊƠĪƣłżƣŰÿŲĜĪƠĪƣŏżģڎڍAccelerated vesting Sł ܡƸƣŏŃŃĪƣܫģżǀěŧĪܠ Gżżģ¦ĪÿƫżŲܕ¼ĪƣŰŏŲÿƸŏżŲ Change of Control1 & ģÿǣƫƸżĪǢĪƣĜŏƫĪǜĪƫƸĪģڌڏ • For Cause Forfeit unvested Forfeit unvested • Forfeit unvested • 90 days to exercise vested ƸŊĪŲłżƣłĪŏƸƸŊĪƣĪÿǽƸĪƣ܉ƠĪƣŏżģ • Vest through applicable severance łżƣłĪŏƸǀŲǜĪƫƸĪģ܉ƸĪƣŰŏŲÿƸŏżŲģÿƸĪ 18 months through performance period at ŏłŧĪƫƫƸŊÿŲܔƸżĪŲģżłÿƠƠŧŏĜÿěŧĪƫĪǜĪƣÿŲĜĪƠĪƣŏżģ ǜĪƫƸěÿƫĪģżŲƠĪƣłżƣŰÿŲĜĪ܉ÿƸƸĪƣŰŏŲÿƸŏżŲģÿƸĪ If 18 or more months through performance period łżƣłĪŏƸƸŊĪƣĪÿǽƸĪƣ ƸŊĪŲ܉ƫĪǜĪƣÿŲĜĪƠĪƣŏżģ tżƸłżƣ ÿǀƫĪ Vest through applicable Involuntary Termination vesting period Continued vesting over remaining vesting period • Continued vesting over remaining remaining vesting period ŏƫÿěŏŧŏƸǣ Continued vesting over'ܕ¦ĪƸŏƣĪŰĪŲƸ • 1 year to exercise vested • Accelerated vesting of unvested based on target performance ǜĪƫƸ܉ŰżŲƸŊƫƸŊƣżǀŃŊƠĪƣłżƣŰÿŲĜĪƠĪƣŏżģڎڍ ŏłŧĪƫƫƸŊÿŲܔǜĪƫƸěÿƫĪģżŲƠĪƣłżƣŰÿŲĜĪƸżģÿƸĪ ܉żƣŰżƣĪŰżŲƸŊƫƸŊƣżǀŃŊƠĪƣłżƣŰÿŲĜĪƠĪƣŏżģڎڍDeath Accelerated vesting Sł ģÿǣƫƸżĪǢĪƣĜŏƫĪǜĪƫƸĪģڌڒ • Resignation Forfeit unvested Forfeit unvested • Forfeit unvested Voluntary Termination Termination Event RSUs PSUs Stock Options ܈ƸżƸŊĪƠÿƣƸŏĜŏƠÿŲƸǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲƸŊÿƸÿƣĪǜĪƫƸĪģżƣǀŲǜĪƫƸĪģżŲƸŊĪƸĪƣŰŏŲÿƸŏżŲģÿƸĪǝŏŧŧěĪŊÿŲģŧĪģÿĜĜżƣģŏŲŃƸżƸŊĪłżŧŧżǝŏŲŃƸÿěŧĪ ƸŏƸŧĪÿŲģŏŲƸĪƣĪƫƸŏŲÿǝÿƣģƫŃƣÿŲƸĪģ܉ÿŧŧƣŏŃŊƸƫ܉ǀƠżŲÿŲĪŰƠŧżǣĪĪƠÿƣƸŏĜŏƠÿŲƸܹƫƸĪƣŰŏŲÿƸŏżŲżłĪŰƠŧżǣŰĪŲƸ܉żÿƣģÃŲŧĪƫƫżƸŊĪƣǝŏƫĪģĪƸĪƣŰŏŲĪģěǣżǀƣ ¼¦/¼r/t¼FhtGܰ¼/¦r/¥ÃS¼æSt /t¼Sß/ht®t¼/¦rSt¼St Compensation Discussion and Analysis

ڙڛ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ܔƠǀƣƫǀÿŲƸƸżÿŲģšǀƫƸŰĪŲƸ/ǜĪŲƸ ܉ŏŲĪÿĜŊĜÿƫĪ܉ĪǢĜĪƠƸ܉ƫŏģĪƣĪģÿƣĪƠƣŏĜŏŲŃǀŲģĪƣƸŊĪƣǀŧĪƫżłƸŊĪ¼®å ǝŊŏĜŊǝżǀŧģěĪĜżŲ-܉ĜÿŲĜĪŧŧÿƸŏżŲÿŲģƣĪŏƫƫǀÿŲĜĪżłÿƫƸżĜŤżƠƸŏżŲ ƣĪģǀĜŏŲŃ ƸŊĪ ĪǢĪƣĜŏƫĪ ƠƣŏĜĪ żł ÿ ƫƸżĜŤ żƠƸŏżŲ żƣ ÿŧŧżǝŏŲŃ łżƣ ƸŊĪ • ܔƠÿƸŏżŲhŏŰŏƸƫܹܹ ǀŲģĪƣܸܸ żŰŰżŲ®ŊÿƣĪƫ®ǀěšĪĜƸƸżƸŊĪŰŲŏěǀƫŧÿŲÿŲģÿƣƸŏĜŏ- ƣĪŰżǜŏŲŃ żƣ ĪǢĜĪĪģŏŲŃ ƸŊĪ ŏŲƫŏģĪƣ ƠÿƣƸŏĜŏƠÿƸŏżŲ ŧŏŰŏƸ ƫƠĪĜŏǿĪģ • ܔĪŰƠŧżǣĪĪģŏƣĪĜƸżƣƠÿƣƸŏĜŏƠÿƸŏżŲܫŲżŲ amendment that increases the limits previously imposed on directors as eligible participants on a discretionary basis or any permitting the introduction or reintroduction of non-employee • ܔßÿŧǀĪżŲƸŊĪŃƣÿŲƸģÿƸĪ ĜÿǀƫŏŲŃ ƸŊĪ ĪǢĪƣĜŏƫĪ ƠƣŏĜĪ żł ÿ ƫƸżĜŤ żƠƸŏżŲ Ƹż ěĪ ěĪŧżǝ rÿƣŤĪƸ • ܔǝŊŏĜŊƫƸżĜŤżƠƸŏżŲƫŰÿǣěĪĪǢĪƣĜŏƫĪģ ŏŲĜƣĪÿƫŏŲŃƸŊĪŧĪŲŃƸŊżłƸŊĪƠĪƣŏżģÿǽƸĪƣÿěŧÿĜŤżǀƸƠĪƣŏżģģǀƣŏŲŃ • ܔǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲ increasing the number of Common Shares available for issuance • ܈ǝŏƸŊżǀƸżěƸÿŏŲŏŲŃƫŊÿƣĪŊżŧģĪƣÿƠƠƣżǜÿŧ ŧÿŲ܏¼ŊĪłżŧŧżǝŏŲŃƸǣƠĪƫżłÿŰĪŲģŰĪŲƸƫǝŏŧŧŲżƸěĪÿěŧĪƸżěĪŰÿģĪ ƸĪƣŰŏŲÿƸŏżŲ żƣ Īÿƣŧǣ ƸĪƣŰŏŲÿƸŏżŲ ƠƣżǜŏƫŏżŲƫ żł ƸŊĪ ŰŲŏěǀƫ ܉ǜĪƫƸŏŲŃ amendments to reduce or restrict participation or amendments to the ܉ŲĪĜĪƫƫÿƣǣ Ƹż ƣĪĜĪŏǜĪ łÿǜżƣÿěŧĪ ƸƣĪÿƸŰĪŲƸ ǀŲģĪƣ ÿƠƠŧŏĜÿěŧĪ ƸÿǢ ŧÿǝƫ ÿŰĪŲģŰĪŲƸƫ ܉ĜżŰƠŧǣ ǝŏƸŊ ÿƠƠŧŏĜÿěŧĪ ŧÿǝ żƣ ƫƸżĜŤ ĪǢĜŊÿŲŃĪ ƣǀŧĪƫ ÿŰĪŲģŰĪŲƸƫ Ƹż ܉ŏŲĜŧǀģŏŲŃ ŊżǀƫĪŤĪĪƠŏŲŃ ÿŰĪŲģŰĪŲƸƫ ܉ÿƠƠƣżǜÿŧ żƣƸżÿŲǣÿǝÿƣģżǀƸƫƸÿŲģŏŲŃƸŊĪƣĪǀŲģĪƣǝŏƸŊżǀƸƫĪĪŤŏŲŃƫŊÿƣĪŊżŧģĪƣ żÿƣģŏƫÿěŧĪƸżŰÿŤĪĜĪƣƸÿŏŲÿŰĪŲģŰĪŲƸƫƸżƸŊĪŰŲŏěǀƫŧÿŲǀƣ ܏ƠƣĪǜŏżǀƫŧǣŃƣÿŲƸĪģǝŏƸŊżǀƸƸŊĪĜżŲƫĪŲƸżłƫǀĜŊÿǳłĪĜƸĪģƠÿƣƸŏĜŏƠÿŲƸ ÿģǜĪƣƫĪŧǣÿŧƸĪƣƫżƣŏŰƠÿŏƣƫÿŲǣƣŏŃŊƸƫżłÿƠÿƣƸŏĜŏƠÿŲƸǀŲģĪƣÿŲǣÿǝÿƣģ ƠƣżǜŏģĪģƸŊÿƸŲżƫǀĜŊÿĜƸŏżŲŰÿǣěĪƸÿŤĪŲƸŊÿƸŰÿƸĪƣŏÿŧŧǣ܉Ƹżƣǣěżģǣ requires the approval of shareholders or any governmental or regula- ƫǀěšĪĜƸƸżÿƠƠŧŏĜÿěŧĪŧÿǝÿŲģƫƸżĜŤĪǢĜŊÿŲŃĪƣǀŧĪƫƸŊÿƸ܉żƣÿŲǣÿǝÿƣģ ƫǀƫƠĪŲģżƣƸĪƣŰŏŲÿƸĪƸŊĪŰŲŏěǀƫŧÿŲ܉żÿƣģŏƫÿěŧĪƸżÿŰĪŲģǀƣ AMENDMENT AND TERMINATION tions of the participants under the Omnibus Plan. ŏŲżƣģĪƣƸżƠƣĪƫĪƣǜĪƠƣżƠżƣƸŏżŲÿƸĪŧǣƸŊĪƣŏŃŊƸƫÿŲģżěŧŏŃÿ-܉ÿƠÿƣƸŏĜŏƠÿŲƸ żǀƸƫƸÿŲģŏŲŃƫƸżĜŤżƠƸŏżŲƫÿŲģƸŊĪŲǀŰěĪƣżł¦®Ãƫżƣ®ÃƫĜƣĪģŏƸĪģƸż ƸŊĪĪǢĪƣĜŏƫĪƠƣŏĜĪżł܉żƣŤŏŲģżłƫĪĜǀƣŏƸŏĪƫƫǀěšĪĜƸƸżżǀƸƫƸÿŲģŏŲŃÿǝÿƣģƫ ŏƸģĪĪŰƫÿƠƠƣżƠƣŏÿƸĪƸżƣĪǵŧĪĜƸƫǀĜŊĜŊÿŲŃĪǝŏƸŊƣĪƫƠĪĜƸƸżƸŊĪŲǀŰěĪƣ ÿƫ܉ŏłÿŲǣ܉żÿƣģǝŏŧŧŰÿŤĪƫǀĜŊƠƣżƠżƣƸŏżŲÿƸĪÿģšǀƫƸŰĪŲƸƫżǀƣ܉ܡ/ǜĪŲƸƫܹܹ ģšǀƫƸŰĪŲƸܸܸ܉ĜżŧŧĪĜƸŏǜĪŧǣܠ żł ƸŊĪ żŰƠÿŲǣ ÿǳłĪĜƸŏŲŃ żŰŰżŲ ®ŊÿƣĪƫ żƣÿŲǣżƸŊĪƣĜŊÿŲŃĪŏŲƸŊĪĜÿƠŏƸÿŧ܉ żŰƠÿŲǣܹƫÿƫƫĪƸƫƸżƫŊÿƣĪŊżŧģĪƣƫ żł ƸŊĪ ܡżƸŊĪƣ ƸŊÿŲ ŲżƣŰÿŧ ĜÿƫŊ ģŏǜŏģĪŲģƫܠ żǳł żƣ żƸŊĪƣ ģŏƫƸƣŏěǀƸŏżŲ ܫƫƠŏŲ ܉ĜżŲƫżŧŏģÿƸŏżŲ ܉ÿƣƣÿŲŃĪŰĪŲƸ ܉ÿŰÿŧŃÿŰÿƸŏżŲ܉ŰĪƣŃĪƣ ܉żł ƫŊÿƣĪƫ ĜżŰěŏŲÿƸŏżŲżƣĪǢĜŊÿŲŃĪ܉ƫƸżĜŤƫƠŧŏƸ܉SŲƸŊĪĪǜĪŲƸżłÿŲǣƫƸżĜŤģŏǜŏģĪŲģ ADJUSTMENTS ܏ÿŲģƸŊĪżƣŏŃŏŲÿŧƸĪƣŰƫÿƠƠŧŏĜÿěŧĪƸżƫǀĜŊÿǝÿƣģƫǝŏŧŧěĪƣĪŏŲƫƸÿƸĪģ ŰĪŲƸǝŏŧŧěĪƣĪŏŲƫƸÿƸĪģÿƫÿǀƸŊżƣŏǭĪģěǀƸǀŲŏƫƫǀĪģ żŰŰżŲ®ŊÿƣĪƫ ƸŊĪ żŰŰżŲ®ŊÿƣĪƫŏƫƫǀĪģżŲƫǀĜŊĪǢĪƣĜŏƫĪżƣƫĪƸƸŧĪ-܉ÿƫÿƠƠŧŏĜÿěŧĪ ܉ŏłĪǢĪƣĜŏƫĪģżƣƫĪƸƸŧĪģ܉ƣĪƸǀƣŲĪģěǣƸŊĪ żŰƠÿŲǣƸżƸŊĪƠÿƣƸŏĜŏƠÿŲƸÿŲģ ƸŊĪÿǝÿƣģƫǝŊŏĜŊǜĪƫƸǝŏŧŧěĪ܉ܡÿƫƸŊĪƫÿŰĪŰÿǣěĪĪǢƸĪŲģĪģܠƸŏŰĪ ĜżŲƸƣżŧ܏SłƸŊĪĜŊÿŲŃĪżłĜżŲƸƣżŧŏƫŲżƸĜżŰƠŧĪƸĪģǝŏƸŊŏŲƸŊĪƫƠĪĜŏǿĪģ łżŧŧżǝŏŲŃƫǀĜĜĪƫƫłǀŧĜżŰƠŧĪƸŏżŲżłƫǀĜŊĜŊÿŲŃĪżł܉ÿƫÿƠƠŧŏĜÿěŧĪ܉ƸŧĪģ ƸŊĪÿǝÿƣģƫŲżƸĪǢĪƣĜŏƫĪģżƣƫĪƸ-܉ĜżŲģŏƸŏżŲÿŧŧǣżƣżƸŊĪƣǝŏƫĪ܉ƸĪƣŰŏŲÿƸĪ ܡŏŏŏܠÿŲģܔÿŲģƸŊĪƣĪÿǽƸĪƣ܉ÿƣƣÿŲŃĪŰĪŲƸŧĪÿģŏŲŃƸżÿĜŊÿŲŃĪżłĜżŲƸƣżŧ ÿǝÿƣģƫƸżÿƫƫŏƫƸƸŊĪƠÿƣƸŏĜŏƠÿŲƸƫƸżƸĪŲģĪƣŏŲƸżÿƸÿŤĪżǜĪƣěŏģżƣżƸŊĪƣ żƸŊĪƣǝŏƫĪŰżģŏłǣƸŊĪƸĪƣŰƫżłƸŊĪܡŏŏܠܔŲżƸÿģǜĪƣƫĪƸżƸŊĪƠÿƣƸŏĜŏƠÿŲƸƫ ƠƣżǜŏģĪģƫǀĜŊĜŊÿŲŃĪƫÿƣĪ܉łÿŏƣÿŲģÿƠƠƣżƠƣŏÿƸĪŏŲƸŊĪĜŏƣĜǀŰƫƸÿŲĜĪƫ ŰÿŤĪƫǀĜŊżƸŊĪƣĜŊÿŲŃĪƫƸżƸŊĪƸĪƣŰƫżłƸŊĪÿǝÿƣģƫÿƫŏƸĜżŲƫŏģĪƣƫ ܡŏܠ ܈żÿƣģ Ŋÿƫ ƸŊĪ ƠżǝĪƣ Ƹż ƸŊĪ ܉SŲ ƸŊĪ ĪǜĪŲƸ żł ÿ ĜŊÿŲŃĪ żł ĜżŲƸƣżŧ performance vesting conditions prior to the change of control. ŊÿǜŏŲŃ ƣĪŃÿƣģ Ƹż ƸŊĪ ŧĪǜĪŧ żł ÿĜŊŏĪǜĪŰĪŲƸ żł ƸŊĪ ÿƠƠŧŏĜÿěŧĪ ܉ĜƣĪƸŏżŲ ŏŲŏƸƫƫżŧĪģŏƫ-܉żÿƣģģĪĪŰĪģƸżěĪǜĪƫƸĪģǝŏŧŧěĪģĪƸĪƣŰŏŲĪģěǣƸŊĪ ƸĪƣŰŏŲÿƸŏżŲżłƸŊĪŰŲŏěǀƫŧÿŲ܏¼ŊĪŲǀŰěĪƣżł®ÃƫǝŊŏĜŊǝŏŧŧěĪ ŏŰŰĪģŏÿƸĪŧǣƠƣŏżƣƸżƸŊĪ܉ěĪƫĪƸƸŧĪģ܉ǝŏƸŊƣĪƫƠĪĜƸƸż¦®ÃƫÿŲģ®Ãƫ܉żƣ ǝŏŧŧĪǢƠŏƣĪ܉żƣĜÿŲĜĪŧŧĪģƠƣŏżƣƸżƸŊĪƸĪƣŰŏŲÿƸŏżŲżłƸŊĪŰŲŏěǀƫŧÿŲ łżƣłĪŏƸĪģ܉ƫĪƸƸŧĪģ܉ǀŲŧĪƫƫżƸŊĪƣǝŏƫĪĪǢĪƣĜŏƫĪģ܉ģĪĪŰĪģƸżěĪǜĪƫƸĪģÿŲģ ǝŏŧŧěĪܡÿŲģƣĪŧÿƸĪģ'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫܠÿƫƠĪĜŏǿĪģŲǀŰěĪƣżł®Ãƫ ÿŲģܡÿŲģƣĪŧÿƸĪģ'ŏǜŏģĪŲģ®ŊÿƣĪÃŲŏƸƫܠÿŲģÿŧŧƫƸżĜŤżƠƸŏżŲƫÿŲģ¦®Ãƫ ǝŏŧŧěĪƸĪƣŰŏŲÿƸĪģĪǳłĪĜƸŏǜĪŏŰŰĪģŏÿƸĪŧǣƠƣŏżƣƸżƸŊĪĜŊÿŲŃĪżłĜżŲƸƣżŧ ŃŏǜĪǝƣŏƸƸĪŲŲżƸŏĜĪƸżÿŧŧƠÿƣƸŏĜŏƠÿŲƸƫÿģǜŏƫŏŲŃƸŊÿƸƸŊĪŰŲŏěǀƫŧÿŲ ƸŊĪ żŰƠÿŲǣǝŏŧŧ܉żÿƣģżƸŊĪƣǝŏƫĪģĪƸĪƣŰŏŲĪƫŏŲŏƸƫģŏƫĜƣĪƸŏżŲŏłƸŊĪ żƣ܉ÿƫÿƠƠŧŏĜÿěŧĪ܉ƫǀěƫƸŏƸǀƸĪƫŏŰŏŧÿƣÿǝÿƣģƫłżƣƸŊĪżǀƸƫƸÿŲģŏŲŃÿǝÿƣģƫ ĜĪƫƫżƣżƣÿĜƢǀŏƣŏŲŃĪŲƸŏƸǣģżĪƫŲżƸÿƫƫǀŰĪƸŊĪżǀƸƫƸÿŲģŏŲŃÿǝÿƣģƫżƣ ƫǀĜ-܉ÿƫÿƠƠŧŏĜÿěŧĪ܏SłƸŊĪƫǀƣǜŏǜŏŲŃ܉ÿǝÿƣģƫłżƣƸŊĪżǀƸƫƸÿŲģŏŲŃÿǝÿƣģƫ ŏŲŃĪŲƸŏƸǣŰÿǣÿƫƫǀŰĪÿŲǣżǀƸƫƸÿŲģŏŲŃÿǝÿƣģƫżƣƫǀěƫƸŏƸǀƸĪƫŏŰŏŧÿƣ ƫǀĜĜĪƫƫżƣżƣÿĜƢǀŏƣ-܉ƸŊĪƫǀƣǜŏǜŏŲŃ܉SŲƸŊĪĪǜĪŲƸżłÿĜŊÿŲŃĪżłĜżŲƸƣżŧ CHANGES OF CONTROL exercise any vested stock options. shorter period as is remaining in the term of the vested stock options to ģÿǣƫżƣƫǀĜŊڌڒƸŊĪĜżŲƫǀŧƸÿŲƸƠÿƣƸŏĜŏƠÿŲƸǝŏŧŧŊÿǜĪܡěܠÿŲģ܉żƣĪǳłĪĜƸ ŰŏŲÿƸŏżŲģÿƸĪǝŏŧŧÿǀƸżŰÿƸŏĜÿŧŧǣƸĪƣŰŏŲÿƸĪÿŲģěĪżłŲżłǀƣƸŊĪƣłżƣĜĪ ÿŧŧǀŲǜĪƫƸĪģÿǝÿƣģƫŊĪŧģěǣƸŊĪƠÿƣƸŏĜŏƠÿŲƸżŲƸŊĪƠÿƣƸŏĜŏƠÿŲƸܹƫƸĪƣ-ܡÿܠ ܉ÿĜżŲƫǀŧƸÿŲƸƠÿƣƸŏĜŏƠÿŲƸܹƫƫĪƣǜŏĜĪŏƫƸĪƣŰŏŲÿƸĪģłżƣÿŲǣżƸŊĪƣƣĪÿƫżŲ ŏłܡŏŏܠÿŲģ܉ÿǀƸżŰÿƸŏĜÿŧŧǣƸĪƣŰŏŲÿƸĪÿŲģěĪżłŲżłǀƣƸŊĪƣłżƣĜĪżƣĪǳłĪĜƸ ǝŏŧŧ܉ǝŊĪƸŊĪƣǜĪƫƸĪģżƣǀŲǜĪƫƸĪģ܉żŲƸŊĪƠÿƣƸŏĜŏƠÿŲƸܹƫƸĪƣŰŏŲÿƸŏżŲģÿƸĪ ÿŧŧÿǝÿƣģƫŊĪŧģěǣƸŊĪƠÿƣƸŏĜŏƠÿŲƸ܉ƠÿŲƸܹƫƫĪƣǜŏĜĪŏƫƸĪƣŰŏŲÿƸĪģłżƣĜÿǀƫĪ ŏłÿĜżŲƫǀŧƸÿŲƸƠÿƣƸŏĜŏ-ܡŏܠ܉żÿƣģÃŲŧĪƫƫżƸŊĪƣǝŏƫĪģĪƸĪƣŰŏŲĪģěǣżǀƣ Compensation Discussion and Analysis

ښڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG requirements. ®ŊÿƣĪƫżŲƸŊĪżƠĪŲŰÿƣŤĪƸƸżÿĜŊŏĪǜĪƸŊĪŰŏŲŏŰǀŰĪƢǀŏƸǣżǝŲĪƣƫŊŏƠ ƫĪƸƸŧĪŰĪŲƸżłƸŊĪÿǝÿƣģƫŰǀƫƸěĪÿƠƠŧŏĪģƸżƸŊĪƠǀƣĜŊÿƫĪżł żŰŰżŲ żƣƸŊĪŧĪƫƫĪƣÿŰżǀŲƸłƣżŰƸŊĪƠƣżĜĪĪģƫłƣżŰƸŊĪބڌڑÿƸŧĪÿƫƸ܉żƣ®Ãƫ żƣŏŲƸŊĪĪǜĪŲƸżłƸŊĪǜĪƫƸŏŲŃżł¦®Ãƫ܉ĪƢǀŏƸǣżǝŲĪƣƫŊŏƠƣĪƢǀŏƣĪŰĪŲƸƫ Shares issuable upon the exercise as required to achieve the minimum żƣƸŊĪŧĪƫƫĪƣŲǀŰěĪƣżłƸŊĪ żŰŰżŲބڌڑĜżŲƸŏŲǀĪƸżŊżŧģÿƸŧĪÿƫƸ ƸŊĪt/ŰǀƫƸ܉ÿƸƸŊĪƸŏŰĪÿŲǣƫƸżĜŤżƠƸŏżŲƫÿƣĪěĪŏŲŃĪǢĪƣĜŏƫĪģ܉ŰĪŲƸ ǝŏƸŊŏŲƸŊĪƠƣĪƫĜƣŏěĪģƸŏŰĪÿŧŧżƸ-܉ĪǢĪĜǀƸŏǜĪƫŊÿƣĪżǝŲĪƣƫŊŏƠŃǀŏģĪŧŏŲĪƫ SłÿŲt/ŊÿƫŲżƸÿĜŊŏĪǜĪģƸŊĪŰŏŲŏŰǀŰĪƢǀŏƸǣŏŲǜĪƫƸŰĪŲƸǀŲģĪƣƸŊĪ ڴڵ܏ڴڵ Ǣڶ G®/ޠÿŧĪŲƸ¼܉ßŏĜĪƣĪƫŏģĪŲƸ Katy Board, ڶڹ܏ڼڵ Ǣڶ FŏŲÿŲĜĪ܉ßŏĜĪƣĪƫŏģĪŲƸ Eban Bari, ڻڼ܏ڽڶ Ǣڶ ¦SޠǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ James Dendle, ڼں܏ںڹ Ǣڹ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy, ڼڼ܏ڴڸ Ǣڴڵ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Shaun Usmar, Multiple Ownership Current Multiple Base Salary Executive ܈ŏŧŧǀƫƸƣÿƸĪģÿƫŰǀŧƸŏƠŧĪƫżłěÿƫĪƫÿŧÿƣǣ܉ƸŊĪŏƣĜǀƣƣĪŲƸżǝŲĪƣƫŊŏƠŧĪǜĪŧƫ ¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫŊżǝƫƸŊĪżǝŲĪƣƫŊŏƠŃǀŏģĪŧŏŲĪƫłżƣƸŊĪt/ƫÿŲģ ܏ŊĪŧģģŏƣĪĜƸŧǣżƣŏŲģŏƣĪĜƸŧǣěǣƸŊĪt/܉ŏŲĪÿĜŊĜÿƫĪ܉SŲǜĪƫƸhǀǢĜżܫ ż ƫŊÿƣĪƫżłÿŲģǀŲǜĪƫƸĪģ żŰŰżŲ®ŊÿƣĪƫǀŲģĪƣŧǣŏŲŃÿŲǣhǀǢĜż ŧÿƫƫ ƸŊĪǜĪƫƸĪģ܉SŲǜĪƫƸhǀǢĜżܫƸŊĪƸĪƣŰƫżłƸŊĪƫŊÿƣĪŊżŧģĪƣƫÿŃƣĪĪŰĪŲƸżł ż ƠƣŏżƣƸżƣĪģĪŰƠƸŏżŲŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊܡŏǜܠÿŲģ܉żłƸŊĪģÿƸĪżłƸŊĪS ǣĪÿƣÿŲŲŏǜĪƣƫÿƣǣܫÃŲŏƸƫƠƣŏżƣƸżƸŊĪżŲĪƸŊĪƣĪģĪŰƠƸŏżŲżłƸŊĪ®ĪƣŏĪƫ SŲǜĪƫƸhŏŲĜżŲƫŏģĪƣÿƸŏżŲłżƣܫƸŊĪ żŰŰżŲ®ŊÿƣĪƫƣĪĜĪŏǜĪģłƣżŰ żܡŏŏŏܠ ܉żÿƣģłƣżŰƸŏŰĪƸżƸŏŰĪěÿƫĪģŏŲĜĪŲƸŏǜĪƫÿƫģĪƸĪƣŰŏŲĪģěǣƸŊĪܫĪƢǀŏƸǣ ǜĪƫƸĪģÿŲģǀŲǜĪƫƸĪģ¦®ÃƫÿŲģƫǀĜŊżƸŊĪƣܡŏŏܠ܉żŰŰżŲ®ŊÿƣĪƫ ܡŏܠǜÿŧǀĪżł ƠżƫŏƸŏżŲ܏ ¼ŊĪ ĪƢǀŏƸǣ żǝŲĪƣƫŊŏƠ ŏŲƸĪƣĪƫƸ Űÿǣ ěĪ ƫÿƸŏƫǿĪģ ƸŊƣżǀŃŊ ƸŊĪ ǣĪÿƣƫżłƸŊĪŧÿƸĪƣżłżǀƣSÿŲģƸŊĪģÿƸĪżłƸŊĪŏƣÿƠƠżŏŲƸŰĪŲƸƸżÿŲt/ t/ƫÿƣĪĪǢƠĪĜƸĪģƸżŰĪĪƸƸŊĪƠƣĪƫĜƣŏěĪģżǝŲĪƣƫŊŏƠŧĪǜĪŧƫǝŏƸŊŏŲǿǜĪ and their level of seniority. żǝŲĪƣƫŊŏƠŧĪǜĪŧƫłżƣżǀƣt/ƫěÿƫĪģżŲÿŰǀŧƸŏƠŧĪżłƸŊĪŏƣěÿƫĪƫÿŧÿƣǣ ĪǢĪĜǀƸŏǜĪ ƫŊÿƣĪ żǝŲĪƣƫŊŏƠ ŃǀŏģĪŧŏŲĪƫ ĪƫƸÿěŧŏƫŊ ŰŏŲŏŰǀŰ ĪƢǀŏƸǣ holders and mitigate against the likelihood of undue risk taking. The ƸżÿŧŏŃŲƸŊĪŏŲƸĪƣĪƫƸƫżłżǀƣt/ƫǝŏƸŊƸŊżƫĪżłƸŊĪ żŰƠÿŲǣܹƫƫŊÿƣĪ- ¼ŊĪ żŰƠÿŲǣ Ŋÿƫ ĪƫƸÿěŧŏƫŊĪģ ĪǢĪĜǀƸŏǜĪ ƫŊÿƣĪ żǝŲĪƣƫŊŏƠ ŃǀŏģĪŧŏŲĪƫ EXECUTIVE SHARE OWNERSHIP GUIDELINES compensation program. ¼ŊĪ żŰƠÿŲǣ ģżĪƫ ŲżƸ żǳłĪƣ ƫŏŃŲŏǿĜÿŲƸ ƠĪƣƢǀŏƫŏƸĪƫ ÿƫ ƠÿƣƸ żł ƸŊĪ PERQUISITES ܏żƸŊĪƣƣĪƸŏƣĪŰĪŲƸěĪŲĪǿƸƫ The Company does not currently set aside any amounts for pension or RETIREMENT PLANS ability of the Company. ěĪŏŲŃżłżǀƣĪǢĪĜǀƸŏǜĪƫÿŲģƸŊĪƫǀƫƸÿŏŲ-ܫƸżĪŲƫǀƣĪƸŊĪŊĪÿŧƸŊÿŲģǝĪŧŧ ƠÿƣƸŏÿŧŧǣłǀŲģĪģĪǢĪĜǀƸŏǜĪŰĪģŏĜÿŧĪǢÿŰŏŲÿƸŏżŲƫ܉ǀŲģĪƣŃżŰÿŲģÿƸżƣǣ ŰÿƣŤĪƸ ƠƣÿĜƸŏĜĪ܏ ¼ŊĪ żŰƠÿŲǣ ÿŧƫż ƣĪƢǀŏƣĪƫ ŏƸƫ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ Ƹż ƸŊĪ żŰƠÿŲǣ܏¼ŊĪ żŰƠÿŲǣżǳłĪƣƫƸŊĪƫĪěĪŲĪǿƸƫĜżŲƫŏƫƸĪŲƸǝŏƸŊŧżĜÿŧ and travel insurance coverage on the same basis as other employees of ܉ܡŏŲĜŧǀģŏŲŃŰĪģŏĜÿŧÿŲģƠƣĪƫĜƣŏƠƸŏżŲģƣǀŃĜżǜĪƣÿŃĪܠŊĪÿŧƸŊ܉ģŏƫÿěŏŧŏƸǣ ƸĪƣŰܫƸĪƣŰ ÿŲģ ŧżŲŃܫƫŊżƣƸ ܉ŧŏłĪ ܉ǝŏƸŊ ÿ ŊĪÿŧƸŊ ĜÿƣĪ ƫƠĪŲģŏŲŃ ÿĜĜżǀŲƸ ܉ŏŲĜŧǀģŏŲŃ ƸŊĪ t/ƫ ܉¼ŊĪ żŰƠÿŲǣ ƠƣżǜŏģĪƫ ŏƸƫ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ BENEFIT PLANS ބڵ àĪŏŃŊƸĪģÿǜĪƣÿŃĪŲǀŰěĪƣżł®ŊÿƣĪƫżǀƸƫƸÿŲģŏŲŃÿƸǣĪÿƣĪŲģ ܕtǀŰěĪƣżł¦®ÃƫÿŲģƠƸŏżŲƫŃƣÿŲƸĪģ ܡބܠ 2021 Burn Rate ܈ŏƫƫĪƸłżƣƸŊŏŲƸŊĪłżŧŧżǝŏŲŃƸÿěŧĪ܉żǀƸƫƸÿŲģŏŲŃłżƣƸŊĪǿŲÿŲĜŏÿŧǣĪÿƣ ģǀƣŏŲŃ ƸŊĪ ǿŲÿŲĜŏÿŧ ǣĪÿƣ ěǣ ƸŊĪ ǝĪŏŃŊƸĪģ ÿǜĪƣÿŃĪ ŲǀŰěĪƣ żł ®ŊÿƣĪƫ ƠĪƣĜĪŲƸÿŃĪÿŲģĜÿŧĜǀŧÿƸĪģěǣģŏǜŏģŏŲŃƸŊĪŲǀŰěĪƣżłÿǝÿƣģƫŃƣÿŲƸĪģ ĪǢƠƣĪƫƫĪģ ÿƫ ÿ ܉ŰĪŲƸ łżƣ ƸŊĪ ŰżƫƸ ƣĪĜĪŲƸŧǣ ĜżŰƠŧĪƸĪģ ǿŲÿŲĜŏÿŧ ǣĪÿƣ The annual burn rate for each security-based compensation arrange- BURN RATE Plan are not transferable or assignable. ƸŊĪƣŏŃŊƸƫżłÿƠÿƣƸŏĜŏƠÿŲƸǀŲģĪƣƸŊĪŰŲŏěǀƫ܉/ǢĜĪƠƸÿƫƣĪƢǀŏƣĪģěǣŧÿǝ ASSIGNMENT are listed. ¼®å żƣ ÿŲǣ żƸŊĪƣ ƫƸżĜŤ ĪǢĜŊÿŲŃĪ żŲ ǝŊŏĜŊ ƸŊĪ żŰŰżŲ ®ŊÿƣĪƫ ƣĪŃǀŧÿƸŏżŲƫÿŲģƠżŧŏĜŏĪƫżłƸŊĪ܉ǀŲģĪƣÿƠƠŧŏĜÿěŧĪŧÿǝżƣƸŊĪƣǀŧĪƫ • any other amendment required to be approved by security holders ÿŲģܔŰŲŏěǀƫŧÿŲ approval by shareholders under the amendment provision of the ģĪŧĪƸŏŲŃ żƣ ƣĪģǀĜŏŲŃ ƸŊĪ ƣÿŲŃĪ żł ÿŰĪŲģŰĪŲƸƫ ǝŊŏĜŊ ƣĪƢǀŏƣĪ • ܔŲżƣŰÿŧĪƫƸÿƸĪƫĪƸƸŧĪŰĪŲƸƠǀƣƠżƫĪƫ ƠĪƣŰŏƸƸŏŲŃ ÿǝÿƣģƫ Ƹż ěĪ ƸƣÿŲƫłĪƣƣĪģ żƣ ÿƫƫŏŃŲĪģ żƸŊĪƣ ƸŊÿŲ łżƣ • ܔěŧÿĜŤżǀƸƠĪƣŏżģ ĪǢƸĪŲƫŏżŲ żł ÿŲ ÿǝÿƣģ ƸŊÿƸ ĪǢƠŏƣĪƫ ģǀƣŏŲŃ żƣ ƫŊżƣƸŧǣ łżŧŧżǝŏŲŃ ÿ ĪǢĜĪƠƸ łżƣ ÿŲ ÿǀƸżŰÿƸŏĜ ܉• ĪǢƸĪŲģŏŲŃ ƸŊĪ ĪǢƠŏƣǣ ģÿƸĪ żł ÿŲ ÿǝÿƣģ Compensation Discussion and Analysis

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ڜڛ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ڶڸڹ܉ڷںڵ Katy Board tŏŧ tŏŧ ݕ ڸڼڶ܉ڸڼڵ Eban Bari tŏŧ tŏŧ ݕ ڴڷڷ܉ڽڷڶ James Dendle tŏŧ tŏŧ ݕ ڸںڵ܉ڸڼڸ Sheldon Vanderkooy tŏŧ tŏŧ ݕ ڷڶڵ܉ڵڼڹ Shaun Usmar tŏŧ tŏŧ ݕ ܡ®ݕÃܠ Value Earned During the Year Plan Compensation – Non-equity Incentive Value Vested During the Year Share-based Awards – Value Vested During the Year Option-based Awards – Name ܏ģĪŲżƸĪģŏŲÃ®'܉łżƣĪÿĜŊŏŲĜĪŲƸŏǜĪƠŧÿŲÿǝÿƣģڍڎڌڎ¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫĪƸƫłżƣƸŊģĪƸÿŏŧƫżłƸŊĪǜÿŧǀĪǜĪƫƸĪģżƣĪÿƣŲĪģģǀƣŏŲŃ ßhÃ/ß/®¼/'¦/¦t/''Ã¦StG¼N/æ/¦ܯ®'¦St /t¼Sß/htà tŏŧ ںڼڽ܉ڶڷ ݕ ڻڽں܉ڶ tŏŧ ڼڶڴڶ܉ںڶrÿǣ ڴڴ܏ڷڵ ݕ ڼڸڵ܉ڽڹ Katy Board tŏŧ ڵڽڻ܉ڷڷ ݕ ڷںڻ܉ڶ tŏŧ ڼڶڴڶ܉ںڶrÿǣ ڴڴ܏ڷڵ ݕ ڵڽڹ܉ڴں Eban Bari tŏŧ ڸڵڷ܉ڸڸ ݕ ڷڶں܉ڷ tŏŧ ڼڶڴڶ܉ںڶrÿǣ ڴڴ܏ڷڵ ݕ ڴںڸ܉ڽڻ James Dendle tŏŧ ڻڴڹ܉ڽڷڵ ݕ ڻڴڸ܉ڵڵ tŏŧ ڼڶڴڶ܉ںڶrÿǣ ڴڴ܏ڷڵ ݕ ڷڹڵ܉ڴڹڶ Sheldon Vanderkooy tŏŧ ڽڵڹ܉ںڸڸ ݕ ڴڵڹ܉ںڷ tŏŧ ڼڶڴڶ܉ںڶrÿǣ ڴڴ܏ڷڵ ݕ ڵںں܉ڴڴڼ Shaun Usmar Out or Distributed Awards Not Paid Share-based Value of Vested Market or Payout Vested that Have Not based Awards Value of Share- Market or Payout Vested Have Not of Shares that Shares or Units Number of Options In-the-money Unexercised Value of Expiration Date Option Price Exercise Option Options Unexercised Underlying Securities Number of Name Option-based Awards Share-based Awards prior to 2021. ŲżÿǝÿƣģƫǝĪƣĪŃƣÿŲƸĪģܔ'®ģĪŲżƸĪģŏŲÃܔڍڎڌڎ¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫĪƸƫłżƣƸŊłżƣĪÿĜŊtÿŰĪģ/ǢĪĜǀƸŏǜĪǳǿĜĪƣÿŧŧÿǝÿƣģƫżǀƸƫƸÿŲģŏŲŃÿƸƸŊĪĪŲģżł ®/'à¦'®®/'à¦'®t'¼StܰÃ¼®¼t'StG®N¦/ܰ Compensation Discussion and Analysis

ڝڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG of employment. ŰżŲƸŊƫłżŧŧżǝŏŲŃƸŊĪƸĪƣŰŏŲÿƸŏżŲڎڍģǀƣŏŲŃĪŰƠŧżǣŰĪŲƸÿŲģłżƣƸŊĪ ƫżŧŏĜŏƸÿƸŏżŲ ƠƣżǜŏƫŏżŲƫ ǝŊŏĜŊ ÿƣĪ ŏŲ ĪǳłĪĜƸܫĜżŰƠĪƸŏƸŏżŲ ÿŲģ ŲżŲܫŲżŲ ŏŲĜŧǀģŏŲŃ܉ĜżŲƸŏŲǀĪƸżÿƠƠŧǣłżŧŧżǝŏŲŃƸŊĪƸĪƣŰŏŲÿƸŏżŲżłĪŰƠŧżǣŰĪŲƸ ƠÿƣÿŃĪŰĪŲƸ ĜżǜĪŲÿŲƸƫ ÿŲģ ĜĪƣƸÿŏŲ ƣĪƫƸƣŏĜƸŏǜĪ ĜżǜĪŲÿŲƸƫ ƸŊÿƸ ǝŏŧŧ ģŏƫ-ܫŰĪŲƸÿŃƣĪĪŰĪŲƸƫÿŧƫżĜżŲƸÿŏŲĜǀƫƸżŰÿƣǣĜżŲǿģĪŲƸŏÿŧŏƸǣÿŲģŲżŲ żÿƣģܹƫĪŰƠŧżǣ-܏ÿƣŏÿŲģrƫĪŲģŧĪÿŲģ'܉ßÿŲģĪƣŤżżǣ܉rĪƫƫƣƫ܏ÃƫŰÿƣ above for further details). ƸĪƣŰ /ƢǀŏƸǣ SŲĜĪŲƸŏǜĪ ŧÿŲܹܹܫhżŲŃ ܨ ܸܸ żŰƠżŲĪŲƸƫ żł żŰƠĪŲƫÿƸŏżŲ ƫĪĪܠÿŲĜĪǝŏƸŊƸŊĪƸĪƣŰƫżłƸŊĪÿƠƠŧŏĜÿěŧĪƠŧÿŲÿŲģÿǝÿƣģÿŃƣĪĪŰĪŲƸƫ ƫŊÿŧŧěĪƸƣĪÿƸĪģŏŲÿĜĜżƣģ-܉ŏŲĜŧǀģŏŲŃǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲ܉/t ƸĪƣŰÿǝÿƣģƫŊĪŧģěǣƸŊĪܫěÿƫĪģżƣżƸŊĪƣŧżŲŃܫŲǣżǀƸƫƸÿŲģŏŲŃĪƢǀŏƸǣ a disability. ģĪÿƸŊżƣƸŊĪżĜĜǀƣƣĪŲĜĪżł܉ĪǜĪŲƸżłÿƸĪƣŰŏŲÿƸŏżŲģǀĪƸżƣĪƸŏƣĪŰĪŲƸ ÿŰżǀŲƸŏŲƣĪƫƠĪĜƸżłƸŊĪǣĪÿƣŏŲǝŊŏĜŊƸŊĪƸĪƣŰŏŲÿƸŏżŲżĜĜǀƣƣĪģŏŲƸŊĪ ƣÿƸĪģƸÿƣŃĪƸěżŲǀƫܫĪÿĜŊżłƸŊĪt/ƫŏƫÿŧƫżĪŲƸŏƸŧĪģƸżƣĪĜĪŏǜĪÿƠƣż ܉SŲÿģģŏƸŏżŲƸżƸŊĪŏƣÿĜĜƣǀĪģĜżŰƠĪŲƫÿƸŏżŲƸżƸŊĪģÿƸĪżłƸĪƣŰŏŲÿƸŏżŲ ܏ŰżŲƸŊƫڎڍĪƣŏżģǝŏŧŧěĪ ƸŊĪ®ĪǜĪƣÿŲĜĪ܉ŰżŲƸŊƫłżŧŧżǝŏŲŃÿĜŊÿŲŃĪżłĜżŲƸƣżŧżłƸŊĪ żŰƠÿŲǣڎڍ ǝŏƸŊŏŲ ܉ŏŲ ĪÿĜŊ ĜÿƫĪ ܉żǀƸ ĜÿǀƫĪ żƣ ƸŊĪ t/ ƣĪƫŏŃŲƫ łżƣ Ńżżģ ƣĪÿƫżŲ ŏŲ ƸŊĪ ĪǜĪŲƸ ƸŊĪ t/ܹƫ ĪŰƠŧżǣŰĪŲƸ ŏƫ ƸĪƣŰŏŲÿƸĪģ ǝŏƸŊ- ܉NżǝĪǜĪƣ ܏ŰżŲƸŊƫ ڎڍ ǀƠ Ƹż ÿŲ ÿŃŃƣĪŃÿƸĪ ŰÿǢŏŰǀŰ żł ܉ƠĪƣ ǣĪÿƣ żł ƫĪƣǜŏĜĪ żÿƣģܹƫĪŰƠŧżǣŰĪŲƸÿŃƣĪĪŰĪŲƸƫÿƫƫŏǢŰżŲƸŊƫƠŧǀƫżŲĪŰżŲƸŊ܏rƫ ÿƣŏ ÿŲģ ¼ŊĪ ܸܸ®ĪǜĪƣÿŲĜĪ Īƣŏżģܹܹ ŏƫ ģĪǿŲĪģ ŏŲ rĪƫƫƣƫ܏ 'ĪŲģŧĪ ÿŲģ respectively. ܉ŰżŲƸŊƫڔڍżƣڐڎƸŊĪ®ĪǜĪƣÿŲĜĪĪƣŏżģǝŏŧŧěĪ܉ĜżŲƸƣżŧżłƸŊĪ żŰƠÿŲǣ ŰżŲƸŊƫłżŧŧżǝŏŲŃÿĜŊÿŲŃĪżłڎڍǝŏƸŊŏŲ܉ŏŲĪÿĜŊĜÿƫĪ܉łżƣŃżżģƣĪÿƫżŲ t/ܹƫĪŰƠŧżǣŰĪŲƸŏƫƸĪƣŰŏŲÿƸĪģǝŏƸŊżǀƸĜÿǀƫĪżƣƸŊĪt/ƣĪƫŏŃŲƫ ŏŲ ƸŊĪ ĪǜĪŲƸƸŊĪ ܉ƣĪƫƠĪĜƸŏǜĪŧǣ܏ NżǝĪǜĪƣ ܉ŰżŲƸŊƫ ڔڍ ŰżŲƸŊƫ żƣ ڐڎ żł ǀƠƸżÿŲÿŃŃƣĪŃÿƸĪŰÿǢŏŰǀŰ܉ƠĪƣǣĪÿƣżłƫĪƣǜŏĜĪ܉ƣĪƫƠĪĜƸŏǜĪŧǣ܉ŰżŲƸŊ ŰżŲƸŊƫ Ơŧǀƫ Ƹǝż ŰżŲƸŊƫ żƣ żŲĪ ڎڍ ĪŰƠŧżǣŰĪŲƸ ÿŃƣĪĪŰĪŲƸƫ ÿƫ ¼ŊĪܸܸ®ĪǜĪƣÿŲĜĪĪƣŏżģܹܹŏƫģĪǿŲĪģŏŲrĪƫƫƣƫ܏ÃƫŰÿƣÿŲģßÿŲģĪƣŤżżǣܹƫ further details). ĪŲĪǿƸƫܹܹěĪŧżǝłżƣƫĪĪܸܸ¼ĪƣŰŏŲÿƸŏżŲÿŲģ ŊÿŲŃĪżł żŲƸƣżŧܠ żŰƠÿŲǣ żŲ ƸŊĪ t/ ƫŏŃŲŏŲŃ ÿ łǀŧŧ ÿŲģ ǿŲÿŧ ƣĪŧĪÿƫĪ żł ĜŧÿŏŰƫ ŏŲ łÿǜżƣ żł ƸŊĪ under applicable employment standards legislation are conditional ŰĪŲƸƫÿŲģěĪŲĪǿƸƫƸŊÿƸÿƣĪŏŲĪǢĜĪƫƫżłƸŊĪŰŏŲŏŰǀŰƣĪƢǀŏƣĪŰĪŲƸƫ and travel accident insurance coverage). Any such termination pay- ÿĜĜŏģĪŲƸÿŧģĪÿƸŊÿŲģģŏƫŰĪŰěĪƣŰĪŲƸ܉ģŏƫÿěŏŧŏƸǣ܉ŏŲĜŧǀģŏŲŃŧŏłĪܠƠĪƣŏżģ ŰżŲƸŊܫŰÿŏŲƸÿŏŲÿŲǣěĪŲĪǿƸƫƸŊÿƸĜÿŲŲżƸěĪĜżŲƸŏŲǀĪģłżƣƫǀĜŊłżǀƣ ƸżƸŊĪÿŃŃƣĪŃÿƸĪƠƣĪŰŏǀŰƸŊÿƸǝżǀŧģěĪŏŲĜǀƣƣĪģěǣƸŊĪ żŰƠÿŲǣƸż ƸŏŰĪŧǀŰƠƫǀŰƠÿǣŰĪŲƸĪƢǀÿŧܫŧżǝŏŲŃƸŊĪƸĪƣŰŏŲÿƸŏżŲģÿƸĪÿŲģÿżŲĪ ĜżŲƸŏŲǀĪģƠÿƣƸŏĜŏƠÿƸŏżŲŏŲƸŊĪŃƣżǀƠěĪŲĪǿƸƠŧÿŲƫłżƣłżǀƣŰżŲƸŊƫłżŧ- ܉ƫǀěšĪĜƸƸżƠŧÿŲƸĪƣŰƫܡŏǜܠÿŲģ܉ǣĪÿƣŏŲǝŊŏĜŊƸŊĪƸĪƣŰŏŲÿƸŏżŲżĜĜǀƣƣĪģ ƣÿƸĪģƸÿƣŃĪƸěżŲǀƫÿŰżǀŲƸŏŲƣĪƫƠĪĜƸżłƸŊĪܫÿƠƣżܡŏŏŏܠ܉ƸĪƣŰŏŲÿƸŏżŲģÿƸĪ 12ƸŊżłƸŊĪt/ܹƫƸÿƣŃĪƸěżŲǀƫŏŲĪǳłĪĜƸÿƫÿƸƸŊĪܕ1ܡěܠÿŲģ܉ÿƸŏżŲģÿƸĪ 12ƸŊżłƸŊĪt/ܹƫÿŲŲǀÿŧƫÿŧÿƣǣÿƸƸŊĪƣÿƸĪŏŲĪǳłĪĜƸÿƫÿƸƸŊĪƸĪƣŰŏŲ-ܕ1ܡÿܠ ŰǀŧƸŏƠŧŏĪģěǣƸŊĪƫǀŰżłܡÿƫģĪǿŲĪģěĪŧżǝܠŏŲƸŊĪ®ĪǜĪƣÿŲĜĪĪƣŏżģ in lieu of notice and severance pay calculated as the number of months Ơÿǣܡŏŏܠ܉ƸŊĪt/ܹƫÿĜĜƣǀĪģĜżŰƠĪŲƫÿƸŏżŲƸżƸŊĪģÿƸĪżłƸĪƣŰŏŲÿƸŏżŲܡŏܠ żÿƣģ ÿƣĪ ĪŲƸŏƸŧĪģ Ƹż ƣĪĜĪŏǜĪ ܏ÿƣŏ ÿŲģ rƫ ĪŲģŧĪ ÿŲģ' ܉ßÿŲģĪƣŤżżǣ ܉ĪÿĜŊ żł rĪƫƫƣƫ܏ ÃƫŰÿƣ ܉ĪŰƠŧżǣŰĪŲƸ ŏƫ ƸĪƣŰŏŲÿƸĪģ ǝŏƸŊżǀƸ ĜÿǀƫĪ ŏłĪŰƠŧżǣŰĪŲƸǝĪƣĪƸżěĪƸĪƣŰŏŲÿƸĪģ܏SŲƸŊĪĪǜĪŲƸƸŊÿƸ܉ŏŲŃƫĪǜĪƣÿŲĜĪ ŏŲĜŧǀģ-܉żÿƣģƫƠĪĜŏłǣƸŊĪÿŰżǀŲƸƫżƣěĪŲĪǿƸƫƠÿǣÿěŧĪ܏ÿƣŏÿŲģrƫÿŲģ ĪŲģŧĪ'܉ßÿŲģĪƣŤżżǣ܉¼ŊĪĪŰƠŧżǣŰĪŲƸÿŃƣĪĪŰĪŲƸƫǝŏƸŊrĪƫƫƣƫ܏ÃƫŰÿƣ pation in the Omnibus Plan. ěĪŲĪǿƸƫÿŲģƠÿƣƸŏĜŏ-܉ģŏƫĜƣĪƸŏżŲÿƣǣÿŲŲǀÿŧĜÿƫŊƠĪƣłżƣŰÿŲĜĪŏŲĜĪŲƸŏǜĪ ÿ܉ĪŲƸĪƣĪģŏŲƸżÿŲĪŰƠŧżǣŰĪŲƸÿŃƣĪĪŰĪŲƸƸŊÿƸƠƣżǜŏģĪƫłżƣěÿƫĪƫÿŧÿƣǣ żÿƣģŊÿƫ܏ÿƣŏÿŲģrƫĪŲģŧĪÿŲģ'܉ßÿŲģĪƣŤżżǣ܉/ÿĜŊżłrĪƫƫƣƫ܏ÃƫŰÿƣ G®/ޤÿŧĪŲƸ¼܍ßŏĜĪƣĪƫŏģĪŲƸ Relations, Eban Bari, Vice President, Finance and Katy Board, SŲǜĪƫƸżƣޤǜÿŧǀÿƸŏżŲƫ/܍ßŏĜĪƣĪƫŏģĪŲƸ܍dÿŰĪƫ'ĪŲģŧĪ܍FŏŲÿŲĜŏÿŧǲǾĜĪƣ ŊŏĪł ܍ŊĪŧģżŲßÿŲģĪƣŤżżǣ®܍ŊŏĪł/ǢĪĜǀƸŏǜĪǲǾĜĪƣ ܍®ŊÿǀŲÃƫŰÿƣ NEO EMPLOYMENT AGREEMENTS Compensation Discussion and Analysis

ڞڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ŰżŲƸŊƫłżŧŧżǝŏŲŃƸŊĪĜŊÿŲŃĪżłĜżŲƸƣżŧڎڍ1 /ŧŏŃŏěŧĪŏłƸĪƣŰŏŲÿƸŏżŲǝŏƸŊżǀƸĜÿǀƫĪżƣƣĪƫŏŃŲÿƸŏżŲłżƣŃżżģƣĪÿƫżŲżĜĜǀƣƫǝŏƸŊŏŲ ŰżŲƸŊƫڐ pro-rata stub bonus for current year to termination date Ơŧǀƫ܉ěǣƸŊĪŲǀŰěĪƣżłŰżŲƸŊƫŏŲƸŊĪƫĪǜĪƣÿŲĜĪƠĪƣŏżģ ƸŊĪŲŰǀŧƸŏƠŧŏĪģ܉ڎڍ¼ÿƣŃĪƸěżŲǀƫżƠƠżƣƸǀŲŏƸǣģŏǜŏģĪģěǣ ŰżŲƸŊƫڎڍ܈• ß ŰżŲƸŊƫڔڍ܈• F ŰżŲƸŊƫڐڎ܈/ • ܡƸƣŏŃŃĪƣܫģżǀěŧĪܠGżżģ¦ĪÿƫżŲ ܕ¼ĪƣŰŏŲÿƸŏżŲàŏƸŊżǀƸ ÿǀƫĪ Change of Control1 & For Cause tżŲĪ tżŲĪ tżŲĪ ŰżŲƸŊƫڐ pro-rata stub bonus for current year to termination date Ơŧǀƫ܉ěǣƸŊĪŲǀŰěĪƣżłŰżŲƸŊƫŏŲƸŊĪƫĪǜĪƣÿŲĜĪƠĪƣŏżģ ƸŊĪŲŰǀŧƸŏƠŧŏĪģ܉ڎڍÿƣŃĪƸěżŲǀƫżƠƠżƣƸǀŲŏƸǣģŏǜŏģĪģěǣ¼ ܡŰżŲƸŊƫڎڍŰÿǢܠżłƫĪƣǜŏĜĪ ǣĪÿƣܕŰżŲƸŊڍŰżŲƸŊƫݬڒ܈ß • ܡŰżŲƸŊƫڔڍŰÿǢܠżłƫĪƣǜŏĜĪ ǣĪÿƣܕŰżŲƸŊڍŰżŲƸŊƫݬڎڍ܈F • ܡŰżŲƸŊƫڐڎŰÿǢܠżłƫĪƣǜŏĜĪ ǣĪÿƣܕŰżŲƸŊƫڎŰżŲƸŊƫݬڎڍ܈/ • tżƸłżƣ ÿǀƫĪ Involuntary Termination ƠĪƣh¼'ƠŧÿŲܕPro-rata stub bonus for current year to termination date tżŲĪ statutory requirements) ÿƸŧĪÿƫƸŰŏŲŏŰǀŰܠĪƣh¼'ƠŧÿŲܕŏƫÿěŏŧŏƸǣ tżŲĪ'ܕ¦ĪƸŏƣĪŰĪŲƸ Death tżŲĪ Pro-rata stub bonus for current year to termination date 2 months Resignation tżŲĪ tżŲĪ tżŲĪ Voluntary Termination ĪŲĪǿƸƫ Termination Event Severance Bonus ܈¼ŊĪƸÿěŧĪěĪŧżǝƫǀŰŰÿƣŏǭĪƫƸŊĪƸĪƣŰŏŲÿƸŏżŲÿŲģĜŊÿŲŃĪżłĜżŲƸƣżŧěĪŲĪǿƸƫƠƣżǜŏģĪģǀŲģĪƣƸŊĪt/ƫܹĪŰƠŧżǣŰĪŲƸÿŃƣĪĪŰĪŲƸƫ ܏ƸĪƣŰ/ƢǀŏƸǣSŲĜĪŲƸŏǜĪŧÿŲܹܹƫĪĜƸŏżŲÿěżǜĪܫhżŲŃܨƫÿƸŏżŲ ƠŧĪÿƫĪƣĪłĪƣƸżƸŊĪܸܸ żŰƠżŲĪŲƸƫżł żŰƠĪŲ-܉FżƣÿƫǀŰŰÿƣǣżłƸŊĪƸĪƣŰŏŲÿƸŏżŲÿŲģĜŊÿŲŃĪżłĜżŲƸƣżŧěĪŲĪǿƸƫƠƣżǜŏģĪģǀŲģĪƣƸŊĪŰŲŏěǀƫŧÿŲ TERMINATION AND CHANGE OF CONTROL BENEFITS Compensation Discussion and Analysis

ڟڛ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ĪƢǀŏƸǣǜÿŧǀĪÿƫ¦®ÃƫƣĪŰÿŏŲżǀƸƫƸÿŲģŏŲŃÿŲģĜżŲƸŏŲǀĪƸżǜĪƫƸÿĜĜżƣģŏŲŃƸżƸŊĪŲżƣŰÿŧǜĪƫƸŏŲŃƫĜŊĪģǀŧĪ܏¼ŊĪƣĪŏƫŲżÿĜĜĪŧĪƣÿƸĪģǜĪƫƸŏŲŃŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊƸŊŏƫƸĪƣŰŏŲÿƸŏżŲĪǜĪŲƸڌI ŲĜŧǀģĪƫݕ ڐ ܏ǝŏƸŊƸŊŏƫƸĪƣŰŏŲÿƸŏżŲĪǜĪŲƸ ĪƢǀŏƸǣǜÿŧǀĪÿƫ¦®ÃƫƣĪŰÿŏŲżǀƸƫƸÿŲģŏŲŃÿŲģĜżŲƸŏŲǀĪƸżǜĪƫƸŏŲƸŊĪżƣģŏŲÿƣǣĜżǀƣƫĪƸŊƣżǀŃŊƸŊĪÿƠƠŧŏĜÿěŧĪƫĪǜĪƣÿŲĜĪƠĪƣŏżģ܏¼ŊĪƣĪŏƫŲżÿĜĜĪŧĪƣÿƸĪģǜĪƫƸŏŲŃŏŲĜżŲŲĪĜƸŏżŲڌSŲĜŧǀģĪƫݕ ڏ ܏ǝŊĪƣĪÿƠƠŧŏĜÿěŧĪ܉2 SŲĜŧǀģĪƫĪǢƸĪŲģĪģŰĪģŏĜÿŧěĪŲĪǿƸƠƣĪŰŏǀŰƫ purposes of this table. ƠƣĪƫĪŲƸǜÿŧǀĪłżƣƸŊĪڌŰżŲĪǣÿŲģÿƣĪģĪĪŰĪģƸżŊÿǜĪݕܫƸŊĪܫżłܫÿŧŧƫƸżĜŤżƠƸŏżŲƫǝĪƣĪżǀƸڍڎڌڎ܉ڍڏ1 SŲĜŧǀģĪƫƫƸżĜŤżƠƸŏżŲƫÿŲģ¦®ÃƫƠƣĪǜŏżǀƫŧǣÿǝÿƣģĪģƸżƸŊĪt/ƫ܏ƫÿƸ'ĪĜĪŰěĪƣ ܏ŧŧŏŲĜƣĪŰĪŲƸÿŧƠÿǣŰĪŲƸƫŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊÿŲt/ܹƫƸĪƣŰŏŲÿƸŏżŲĪǜĪŲƸǝżǀŧģěĪƠÿŏģżǀƸŏŲ ݕÿŲģÿŰżǀŲƸƫŏŲƸŊŏƫƸÿěŧĪŊÿǜĪěĪĪŲĜżŲǜĪƣƸĪģƸżÃ®' ڶںڵ܉ڷڷ ڸںڷ܉ڶڷ ܨ ڸڸڴ܉ڵںڷ ڹڻڵ܉ڵڶڷ ݕ ڼڽڻ ܨ ܨ ںڽڹ܉ڵ ںڽڹ܉ڵ ݕ ڸںڷ܉ڶڷ ܨ ܨ ڸںڷ܉ڶڷ ܨݕ ܨ ܨ ܨ ڸڼڴ܉ڻڶڷ ڽڻڹ܉ڽڵڷ ݕ Death ڸŏƫÿěŏŧŏƸǣ'ܕ¦ĪƸŏƣĪŰĪŲƸ Resignation Change of Control ڷtżƸłżƣ ÿǀƫĪ G®/ޠÿŧĪŲƸ¼܉ƣĪƫŏģĪŲƸܫßŏĜĪ Katy Board ڸڹڽ܉ڷڷ ںڹڵ܉ڷڷ ܨ ڷڵڼ܉ڽںڷ ڴڽڷ܉ڵڽڶ ݕ ڼڽڻ ܨ ܨ ںڽڹ܉ڵ ںڽڹ܉ڵ ݕ ںڹڵ܉ڷڷ ܨ ܨ ںڹڵ܉ڷڷ ܨݕ ܨ ܨ ܨ ڶںڴ܉ڹڷڷ ڸڽڻ܉ڽڼڶ ݕ Death ڸŏƫÿěŏŧŏƸǣ'ܕ¦ĪƸŏƣĪŰĪŲƸ Resignation Change of Control ڷtżƸłżƣ ÿǀƫĪ FŏŲÿŲĜĪ܉ßŏĜĪƣĪƫŏģĪŲƸ Eban Bari ڸڻڶ܉ڸڸ ںڻڸ܉ڷڸ ܨ ںڽڷ܉ڷڸں ڹڴڶ܉ڶڹڹ ݕ ڼڽڻ ܨ ܨ ںڽڹ܉ڵ ںڽڹ܉ڵ ݕ ںڻڸ܉ڷڸ ܨ ܨ ںڻڸ܉ڷڸ ܨݕ ܨ ܨ ܨ ڹڶڷ܉ڼڽڹ ڽڴں܉ڴڹڹ ݕ Death ڸŏƫÿěŏŧŏƸǣ'ܕ¦ĪƸŏƣĪŰĪŲƸ Resignation Change of Control ڷtżƸłżƣ ÿǀƫĪ & Investor Relations ǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ James Dendle ڶڼں܉ڻڷڵ ڸڼڼ܉ںڷڵ ܨ ڼڸڷ܉ڹڷڸ܉ڵ ڶڵڶ܉ڼڻڶ܉ڵ ݕ ڼڽڻ ܨ ܨ ںڽڹ܉ڵ ںڽڹ܉ڵ ݕ ڸڼڼ܉ںڷڵ ܨ ܨ ڸڼڼ܉ںڷڵ ܨݕ ܨ ܨ ܨ ڽںڼ܉ںڽڶ܉ڵ ںڵں܉ںڻڶ܉ڵ ݕ Death ڸŏƫÿěŏŧŏƸǣ'ܕ¦ĪƸŏƣĪŰĪŲƸ Resignation Change of Control ڷtżƸłżƣ ÿǀƫĪ ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy ڼڵڽ܉ڼڷڸ ڴڶڵ܉ڼڷڸ ܨ ڵںڼ܉ڻڴڵ܉ڸ ڹڽڽ܉ڶڷڼ܉ڶ ݕ ڼڽڻ ܨ ܨ ںڽڹ܉ڵ ںڽڹ܉ڵ ݕ ڴڶڵ܉ڼڷڸ ܨ ܨ ڴڶڵ܉ڼڷڸ ܨݕ ܨ ܨ ܨ ںڸڵ܉ڼںں܉ڷ ڴڴڸ܉ڵڷڼ܉ڶ ݕ Death ڸŏƫÿěŏŧŏƸǣ'ܕ¦ĪƸŏƣĪŰĪŲƸ Resignation Change of Control ڷtżƸłżƣ ÿǀƫĪ ŊŏĪł/ǢĪĜǀƸŏǜĪǳǿĜĪƣ Shaun Usmar Payments2 Total Other & Bonus Equity1 Severance Executive Termination Event ܏ڍڎڌڎłżƣڌڌ܏ڍݰÃ®ݕڑڏڑڎڍ܏ڍݕ ܈ÿŲŤżł ÿŲÿģÿģÿŏŧǣÿǜĪƣÿŃĪƣÿƸĪłżƣƸŊĪƣĪŧĪǜÿŲƸǣĪÿƣǀƫĪģłżƣĜǀƣƣĪŲĜǣĪǢĜŊÿŲŃĪŏƫƸŊĪ ŊĪƣÿƸĪ¼܏ڍڎڌڎ܉ڍڏŊÿģƸŊĪƸĪƣŰŏŲÿƸŏżŲżĜĜǀƣƣĪģ'ĪĜĪŰěĪƣ܉ŏŲĪÿĜŊĜÿƫĪ܉ƸŊĪt/ƠÿƫƫĪƫÿǝÿǣܡǜܠƸżĜżŲƸŏŲǀĪŏŲƸŊĪŏƣĜÿƠÿĜŏƸǣÿƫÿŲĪǢĪĜǀƸŏǜĪżƣ ƸŊĪt/ƣĪƸŏƣĪƫżƣěĪĜżŰĪƫģŏƫÿěŧĪģÿŲģǀŲÿěŧĪܡŏǜܠ܉ƸŊĪt/ƣĪƫŏŃŲƫłƣżŰƸŊĪ żŰƠÿŲǣǜżŧǀŲƸÿƣŏŧǣܡŏŏŏܠ܉ŰżŲƸŊƫłżŧŧżǝŏŲŃÿĜŊÿŲŃĪżłĜżŲƸƣżŧڎڍ ƸŊĪt/ǝÿƫƸĪƣŰŏŲÿƸĪģǝŏƸŊżǀƸĜÿǀƫĪżƣƣĪƫŏŃŲĪģǝŏƸŊŃżżģƣĪÿƫżŲǝŏƸŊŏŲܡŏŏܠ܉ƸŊĪt/ǝÿƫƸĪƣŰŏŲÿƸĪģǝŏƸŊżǀƸĜÿǀƫĪܡŏܠŊÿǜĪƣĪĜĪŏǜĪģŏł ÿŲģěĪŲĪǿƸƫƸŊÿƸƸŊĪt/ƫǝżǀŧģܡƸĪƣŰSŲĜĪŲƸŏǜĪŧÿŲƫĪĜƸŏżŲƫżłƸŊŏƫ ŏƣĜǀŧÿƣܫģŏƫĜŧżƫĪģŏŲƸŊĪ®ǀŰŰÿƣǣ żŰƠĪŲƫÿƸŏżŲ¼ÿěŧĪÿŲģƸŊĪ®ŊżƣƸ ǝŊŏĜŊÿƣĪ܉ǀƫŏŲŃĪÿĜŊt/ܹƫěÿƫĪƫÿŧÿƣǣÿŲģÿŲŲǀÿŧŏŲĜĪŲƸŏǜĪƠŧÿŲƸÿƣŃĪƸܠ¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫĪƸƫłżƣƸŊƸŊĪĪƫƸŏŰÿƸĪģŏŲĜƣĪŰĪŲƸÿŧƠÿǣŰĪŲƸƫ Compensation Discussion and Analysis

ږڜ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ڴڴڴ܉ڹڶ Compensation & ESG Committee Chair ݕ ڴڴڴ܉ڹڶ Audit Committee Chair ݕ ڴڴڴ܉ڴںڶ ݕ ڴڴڴ܉ڴڸ żÿƣģ ݕŊÿŏƣżłƸŊĪ ڴڴڴ܉ں ݕ ڴڴڴ܉ڴںڵ ݕ ڴڴڴ܉ڴڸ żÿƣģrĪŰěĪƣ ݕ Choosing Cause of their to Charitable Annual Donation Chair Fee Additional DSU Grant Annual Cash Retainer Annual Board Role ܏ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫ܏ŧŧǜÿŧǀĪƫÿƣĪŏŲÃ®'/ܫŊĪĜŊÿƣƸěĪŧżǝżǀƸŧŏŲĪƫƸŊĪĜżŰƠĪŲƫÿƸŏżŲƠƣżŃƣÿŰłżƣżǀƣtżŲ¼ ܏ܡ ÿŲÿģŏÿŲŲĪǝƫŰÿŃÿǭŏŲĪ ŏŲģĪƠĪŲģĪŲƸ܉ƠƣżǿƸܫÿŲżŲܠÿŲÿģŏÿŲrĪŲƸÿŧNĪÿŧƸŊƫƫżĜŏÿƸŏżŲÿŲģ¼ŊĪàÿŧƣǀƫ ܉ŊŏŧģƣĪŲܹƫàŏƫŊFżǀŲģÿƸŏżŲżł ÿŲÿģÿ ܉ŏŃhŏłĪFżǀŲģÿƸŏżŲ ܉żƣżŲƸż®ŏĜŤfŏģƫNżƫƠŏƸÿŧ¼܉żƣģĪƣƫƸŊĪƫĪŏŲĜŧǀģĪģ'żĜƸżƣƫǝŏƸŊżǀƸܔģżŲÿƸĪģƸżÿŲǀŰěĪƣżłĜŊÿƣŏƸÿěŧĪĜÿǀƫĪƫÿƸƸŊĪěĪŊĪƫƸżłƸŊĪ'ŏƣĪĜƸżƣƫ ƣŏƠŧĪFŧÿŃ¼܉ڍڎڌڎƠĪƣģŏƣĪĜƸżƣ܏SŲڌڌڑ܉ڍƣŏƠŧĪFŧÿŃżǳłĪƣƫÿƢǀÿƣƸĪƣŧǣĜŊÿƣŏƸÿěŧĪģżŲÿƸŏżŲżłݕ¼܉ŏŲŧŏĪǀżłŰĪĪƸŏŲŃłĪĪƫ܉ŏŲŃÿƫģŏƣĪĜƸżƣƫ܏SŲÿģģŏƸŏżŲ ƠżĜŤĪƸĪǢƠĪŲƫĪƫŏŲĜǀƣƣĪģǝŊŏŧĪƫĪƣǜ-ܫżłܫƸżĪŧĪĜƸƸżƸÿŤĪƸŊĪŏƣÿŲŲǀÿŧĜÿƫŊƣĪƸÿŏŲĪƣŏŲ'®Ãƫ܏ŧŧģŏƣĪĜƸżƣƫÿƣĪƣĪŏŰěǀƣƫĪģłżƣƸŊĪŏƣƣĪÿƫżŲÿěŧĪżǀƸ ǢĪĜǀƸŏǜĪ 'ŏƣĪĜƸżƣƫ ÿŧƫż ŊÿǜĪ ƸŊĪ ÿěŏŧŏƸǣ/ܫtżŲ ܏ܡ’’DSUs‘‘ܠ ÿŲģģĪłĪƣƣĪģ ƫŊÿƣĪ ǀŲŏƸƫ ܡڍڎڌڎ ƠƣżƣÿƸĪģ łżƣܠ ƣĪƸÿŏŲĪƣ Ơÿŏģ ŏŲ ÿ ĜżŰěŏŲÿƸŏżŲ żł ĜÿƫŊ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƣĪĜĪŏǜĪƫÿŲÿŲŲǀÿŧ/ܫĪÿĜŊtżŲ܉żÿƣģǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫܹĜżŰƠĪŲƫÿƸŏżŲÿƣƣÿŲŃĪŰĪŲƸƫ܏SŲĜżŲƫŏģĪƣÿƸŏżŲłżƣƫĪƣǜŏŲŃżŲżǀƣ/ܫtżŲ ŏƫƣĪƫƠżŲƫŏěŧĪłżƣƣĪǜŏĪǝŏŲŃÿŲģÿƠƠƣżǜŏŲŃÿŲǣĜŊÿŲŃĪƫƸżƸŊĪ܉G żŰŰŏƸƸĪĪ®/ޠżŲƸŊĪƣĪĜżŰŰĪŲģÿƸŏżŲżłżǀƣ żŰƠĪŲƫÿƸŏżŲ܉żÿƣģǀƣ DIRECTOR COMPENSATION ܏ƸĪƣŰŏŲƸĪƣĪƫƸƫżłżǀƣƫŊÿƣĪŊżŧģĪƣƫܫƸżÿƸƸƣÿĜƸÿŲģƣĪƸÿŏŲĜżŰŰŏƸƸĪģÿŲģƢǀÿŧŏǿĪģģŏƣĪĜƸżƣƫÿŲģƸżÿŧŏŃŲƸŊĪŏƣĜżŰƠĪŲƫÿƸŏżŲǝŏƸŊƸŊĪŧżŲŃ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫŏƫģĪƫŏŃŲĪģ/ܫżÿƣģ܏¼ŊĪĜżŰƠĪŲƫÿƸŏżŲżłƸŊĪtżŲrƣ܏ ŏĜŏƣĪŧŧŏģżŲżƸƣĪĜĪŏǜĪÿŲǣÿģģŏƸŏżŲÿŧĜżŰƠĪŲƫÿƸŏżŲłżƣƸŊĪŏƣƣżŧĪƫżŲƸŊĪ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫ܏¼ŊĪ /ÿŲģ/ܫ¼ŊĪłżŧŧżǝŏŲŃģŏƫĜǀƫƫŏżŲżǀƸŧŏŲĪƫƸŊĪƫŏŃŲŏǿĜÿŲƸĪŧĪŰĪŲƸƫżłƸŊĪĜżŰƠĪŲƫÿƸŏżŲƠƣżŃƣÿŰłżƣƸŊĪ żŰƠÿŲǣܹƫtżŲ INTRODUCTION REPORT ON DIRECTOR COMPENSATION AND EQUITY OWNERSHIP Report on Director Compensation and Equity Ownership

ڗڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏ƠŧĪÿƫĪƣĪłĪƣƸżƸŊĪt/®ǀŰŰÿƣǣ żŰƠĪŲƫÿƸŏżŲ¼ÿěŧĪ܉ƫĜżŰƠĪŲƫÿƸŏżŲܓSŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫÿƣĪŲżƸĪŧŏŃŏěŧĪłżƣ'ŏƣĪĜƸżƣĜżŰƠĪŲƫÿƸŏżŲ܏FżƣŰżƣĪŏŲłżƣŰÿƸŏżŲÿěżǀƸrƣ܏ÃƫŰÿƣܫtżŲ ڏ ܏ڍڎڌڎ܉ڍڏǝŏƸŊÿǜĪƫƸŏŲŃģÿƸĪżł'ĪĜĪŰěĪƣڍڎڌڎ2 ¦ĪƠƣĪƫĪŲƸƫ'®ÃƫĜƣĪģŏƸĪģŏŲ ܏1 ÿƫŊƣĪƸÿŏŲĪƣƠÿŏģƸżƸŊĪģŏƣĪĜƸżƣƫŏŲÃ®' Shaun Usmar3 t t t t t t t ڴڴڴ܉ڴڽڵ ݕ ܨ ܨ ܨ ܨ ڴڴڴ܉ڴںڵ ݕ ڴڴڴ܉ڴڷ Peter O'Hagan ݕ Mark Cicirelli3 t t t t t t t ڴڴڴ܉ڴڽڵ ݕ ܨ ܨ ܨ ܨ ڴڴڴ܉ڴںڵ ݕ ڴڴڴ܉ڴڷ Timothy Baker ݕ ڴڴڴ܉ڹڵڶ ݕ ܨ ܨ ܨ ܨ ڴڴڴ܉ڴںڵ ݕ ڴڴڴ܉ڹڹ Sir Michael “Mick” Davis ݕ ڴڴڴ܉ڹڵڶ ݕ ܨ ܨ ܨ ܨ ڴڴڴ܉ڴںڵ ݕ ڴڴڴ܉ڹڹ Susan Allen ݕ ڴڴڴ܉ڴڽڶ ݕ ܨ ܨ ܨ ܨ ڴڴڴ܉ڴںڶ ݕ ڴڴڴ܉ڴڷ Dawn Whittaker ݕ Compensation Total All Other Value Pension Compensation Incentive Plan Non-equity Awards Option-based Awards2 Share-based Name Fees Earned1 ܏żÿƣģżł'ŏƣĪĜƸżƣƫżƣÿǝÿƣģĪģƸżƸŊĪ܉ƠÿŏģƸż܉ĜżŰƠĪŲƫÿƸŏżŲĪÿƣŲĪģěǣڍڎڌڎ¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫĪƸƫżǀƸŏŲłżƣŰÿƸŏżŲĜżŲĜĪƣŲŏŲŃƸŊĪǿƫĜÿŧ Director Compensation ܏ěÿƫĪģÿǝÿƣģƫÿƣĪŏŲĜŧǀģĪģŏŲģĪƸĪƣŰŏŲŏŲŃÿŲŏŲģŏǜŏģǀÿŧܹƫĪƢǀŏƸǣżǝŲĪƣƫŊŏƠǜÿŧǀĪܫ®ŊÿƣĪƫÿŲģƸŊĪǜÿŧǀĪżł'®ÃƫÿŲģżƸŊĪƣĪƢǀŏƸǣ żÿƣģ܏ żŰŰżŲƸŊĪģÿƸĪżłƸŊĪŏƣÿƠƠżŏŲƸŰĪŲƸƸżƸŊĪܡŏŏܠĜżŰƠŧĪƸŏżŲżłƸŊĪSÿŲģܡŏܠƠƣĪƫĜƣŏěĪģżǝŲĪƣƫŊŏƠŧĪǜĪŧƫǝŏƸŊŏŲǿǜĪǣĪÿƣƫżłƸŊĪŧÿƸĪƣżł ƸŏŰĪƫƸŊĪŏƣÿŲŲǀÿŧĜÿƫŊƣĪƸÿŏŲĪƣ܏'ŏƣĪĜƸżƣƫÿƣĪĪǢƠĪĜƸĪģƸżŰĪĪƸƸŊĪڌڍǝŊŏĜŊŏƫĜǀƣƣĪŲƸŧǣƫĪƸÿƸ܉ěÿƫĪģżŲÿŰǀŧƸŏƠŧĪżłƸŊĪŏƣÿŲŲǀÿŧĜÿƫŊƣĪƸÿŏŲĪƣ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣ/ܫÿŃÿŏŲƫƸƸŊĪŧŏŤĪŧŏŊżżģżłǀŲģǀĪƣŏƫŤƸÿŤŏŲŃ܏¼ŊĪżǝŲĪƣƫŊŏƠŃǀŏģĪŧŏŲĪƫĪƫƸÿěŧŏƫŊŰŏŲŏŰǀŰĪƢǀŏƸǣżǝŲĪƣƫŊŏƠŧĪǜĪŧƫłżƣĪÿĜŊtżŲ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫƸżÿŧŏŃŲƸŊĪŏƣŏŲƸĪƣĪƫƸƫǝŏƸŊƸŊżƫĪżłżǀƣƫŊÿƣĪŊżŧģĪƣƫÿŲģŰŏƸŏŃÿƸĪ/ܫàĪŊÿǜĪĪƫƸÿěŧŏƫŊĪģƫŊÿƣĪżǝŲĪƣƫŊŏƠŃǀŏģĪŧŏŲĪƫłżƣtżŲ DIRECTOR SHARE OWNERSHIP GUIDELINES related entities. ƸŊĪ ģŏƣĪĜƸżƣ ĜĪÿƫĪƫ Ƹż Ŋżŧģ ÿŧŧ ƠżƫŏƸŏżŲƫ ǝŏƸŊ ƸŊĪ żŰƠÿŲǣ ÿŲģ ŏƸƫ żłƸŊĪǣĪÿƣłżŧŧżǝŏŲŃƸŊĪǣĪÿƣŏŲǝŊŏĜŊڑڍŲżƸěĪŧÿƸĪƣƸŊÿŲ'ĪĜĪŰěĪƣ ŊżŧģÿŧŧƠżƫŏƸŏżŲƫǝŏƸŊƸŊĪ żŰƠÿŲǣÿŲģŏƸƫƣĪŧÿƸĪģĪŲƸŏƸŏĪƫÿŲģǝŏŧŧ ǝŏŧŧŲżƸěĪĪÿƣŧŏĪƣƸŊÿŲƸŊĪģÿƸĪƸŊĪģŏƣĪĜƸżƣĜĪÿƫĪƫƸżܡڐǀƠƸżܠģÿƸĪ director’s elected redemption date. Each director’s elected redemption ǜÿŧǀĪżłƸŊĪ żŰŰżŲ®ŊÿƣĪƫƣĪƠƣĪƫĪŲƸĪģěǣŊŏƫżƣŊĪƣ'®ÃƫżŲƸŊĪ ƸŊĪģŏƣĪĜƸżƣǝŏŧŧƣĪĜĪŏǜĪÿƠÿǣŰĪŲƸŏŲĜÿƫŊÿƸƸŊĪłÿŏƣŰÿƣŤĪƸ܉ĪŲƸŏƸŏĪƫ ģŏƣĪĜƸżƣŲżŧżŲŃĪƣŊżŧģƫÿƠżƫŏƸŏżŲǝŏƸŊƸŊĪ żŰƠÿŲǣÿŲģŏƸƫƣĪŧÿƸĪģ ǝŊżŊżŧģƫ'®ÃƫżŲƸŊĪƣĪĜżƣģģÿƸĪłżƣƸŊĪģŏǜŏģĪŲģƫ܏àŊĪŲÿŲĪŧŏŃŏěŧĪ ÿģģŏƸŏżŲÿŧ'®ÃƫǝŏŧŧÿǀƸżŰÿƸŏĜÿŧŧǣěĪŃƣÿŲƸĪģƸżĪÿĜŊģŏƣĪĜƸżƣ܉®ŊÿƣĪƫ ƸŊĪŲÿŰĪżłƸŊĪģŏƣĪĜƸżƣ܏àŊĪŲĜÿƫŊģŏǜŏģĪŲģƫÿƣĪƠÿŏģżŲ żŰŰżŲ ƸżÿŲÿĜĜżǀŲƸŏŲ܉ÿěżżŤŤĪĪƠŏŲŃĪŲƸƣǣŏŲƸŊĪěżżŤƫżłƸŊĪ żŰƠÿŲǣ ĜƣĪģŏƸĪģěǣ܉ĪƢǀŏǜÿŧĪŲƸŏŲǜÿŧǀĪƸżÿ żŰŰżŲ®ŊÿƣĪ܉'®ÃŏƫÿǀŲŏƸ is to apply. ƸŊĪĪŲģżłƸŊĪĜÿŧĪŲģÿƣǣĪÿƣƠƣĪĜĪģŏŲŃƸŊĪǣĪÿƣŏŲǝŊŏĜŊƸŊĪĪŧĪĜƸŏżŲ ƸŏżŲżłŊŏƫżƣŊĪƣÿŲŲǀÿŧ'®ÃŃƣÿŲƸŏŲĜÿƫŊŰǀƫƸģżƫżěǣŲżŧÿƸĪƣƸŊÿŲ ÿĜŊģŏƣĪĜƸżƣǝŏƫŊŏŲŃƸżŰÿŤĪÿŲĪŧĪĜƸŏżŲƸżƣĪĜĪŏǜĪÿƠżƣ-/܏ܡ'®Ãÿǝÿƣģ ƫǀěšĪĜƸƸżÿŰŏŲŏŰǀŰÿŲŲǀÿŧܠŊĪƣÿŲŲǀÿŧ'®ÃŃƣÿŲƸŏŲƸŊĪłżƣŰżłĜÿƫŊ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫƸżĪŧĪĜƸƸżƸÿŤĪÿƠżƣƸŏżŲżłŊŏƫżƣ/ܫÿŧŧżǝƫżǀƣtżŲ ƸŊĪ '®Ã ŧÿŲ ÿŧƫż ܉ŲĜĪ ƫŊÿƣĪ żǝŲĪƣƫŊŏƠ ŃǀŏģĪŧŏŲĪƫ ÿƣĪ ÿĜŊŏĪǜĪģ ܏ƸŊĪĜÿŧĪŲģÿƣǣĪÿƣƠƣĪĜĪģŏŲŃƸŊĪǣĪÿƣŏŲǝŊŏĜŊƸŊĪĪŧĪĜƸŏżŲŏƫƸżÿƠƠŧǣ ŊĪƣÿŲŲǀÿŧĜÿƫŊƣĪƸÿŏŲĪƣŏŲ'®ÃƫŰǀƫƸģżƫżŲżŧÿƸĪƣƸŊÿŲƸŊĪĪŲģżł ģŏƣĪĜƸżƣǝŏƫŊŏŲŃƸżŰÿŤĪÿŲĪŧĪĜƸŏżŲƸżƣĪĜĪŏǜĪÿŧŧżƣÿƠżƣƸŏżŲżłŊŏƫżƣ ÿŧŧżƣÿƠżƣƸŏżŲżłƸŊĪŏƣÿŲŲǀÿŧĜÿƫŊƣĪƸÿŏŲĪƣŏŲƸŊĪłżƣŰżł'®Ãƫ܏/ÿĜŊ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫƸżĪŧĪĜƸƸżƸÿŤĪ/ܫ¼ŊĪ'®ÃŧÿŲÿŧƫżÿŧŧżǝƫżǀƣtżŲ ܏ÿŲŏŲŏƸŏÿŧ'®ÃŃƣÿŲƸÿƸƸŊĪƸŏŰĪżłżǀƣS ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣǝÿƫÿǝÿƣģĪģ/ܫĪÿĜŊtżŲ܉żÿƣģƫŊÿƣĪŊżŧģĪƣƫÿŲģƸŊĪ żĪŲƫǀƣĪÿŧŏŃŲŰĪŲƸěĪƸǝĪĪŲżǀƣ¼܏ܡ’’ƸŊĪ‘‘DSU Planܠ®ŊÿƣĪÃŲŏƸŧÿŲ ěĪŃƣÿŲƸĪģ'®ÃƫǀŲģĪƣƸŊĪ'ŏƣĪĜƸżƣ'ĪłĪƣƣĪģ܉żÿƣģģŏƣĪĜƸŏżŲżłƸŊĪ ÿƸƸŊĪ܉ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫŰÿǣ/ܫtżŲ܉ƫƠÿƣƸżłƸŊĪŏƣÿŲŲǀÿŧƣĪƸÿŏŲĪƣ DEFERRED SHARE UNIT PLAN Report on Director Compensation and Equity Ownership

ژڜ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ںڻڴ܉ڹڹڵ żÿƣģrĪŰěĪƣ ݕ Peter O’Hagan ںڻڴ܉ڹڹڵ żÿƣģrĪŰěĪƣ ݕ Timothy Baker ںڻڴ܉ڹڹڵ Sir Michael "Mick" Davis Compensation & ESG Committee Chair ݕ ںڻڴ܉ڹڹڵ Susan Allen Audit Committee Chair ݕ ڴڴڴ܉ڶڹڶ żÿƣģ Ŋÿŏƣ ݕ Dawn Whittaker Vested During the Year Share-based Awards – Name Principal Position ܏ŏŲÃ®'܉ڍڎڌڎƸĪƣŰƫģǀƣŏŲŃǿƫĜÿŧ ěÿƫĪģÿǝÿƣģƫƸŊÿƸǜĪƫƸĪģŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪŏƣܫƸŊĪǜÿŧǀĪżłƸŊĪƫŊÿƣĪ܉ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫ/ܫłżƣĪÿĜŊżłżǀƣtżŲ܉¼ŊĪłżŧŧżǝŏŲŃƸÿěŧĪƫĪƸƫżǀƸ Incentive Plan Awards Value Vested or Earned During the Year ܏ěÿƫĪģÿǝÿƣģƫܫżƠƸŏżŲ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫĜǀƣƣĪŲƸŧǣŊżŧģÿŲǣ/ܫżŲÿƢǀÿƣƸĪƣŧǣěÿƫŏƫŏŲÿƣƣĪÿƣƫ܏tżŲĪżłżǀƣtżŲ܉ƸŊĪģģŏƸŏżŲÿŧ ŊÿŏƣFĪĪ܉żÿƣģÿŲģłżƣƸŊĪ ŊÿŏƣżłƸŊĪ ǜĪƫƸĪģ'®ÃƫǀŲģĪƣƸŊĪ'®ÃŧÿŲŏŲƣĪƫƠĪĜƸżłƸŊĪŏƣŲŲǀÿŧ'®ÃGƣÿŲƸܫǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫǝŏŧŧěĪŃƣÿŲƸĪģłǀŧŧǣ/ܫƸŊĪtżŲ܉ڎڎڌڎĪŃŏŲŲŏŲŃŏŲǿƫĜÿŧ ܏ڌڌ܏ڎڍěĪŏŲŃݕ܉ڍڎڌڎ܉ڍڏŊĪǜÿŧǀĪżłƸŊĪ'®ÃƫŏƫĜÿŧĜǀŧÿƸĪģěÿƫĪģżŲƸŊĪĜŧżƫŏŲŃƠƣŏĜĪżłÿ żŰŰżŲ®ŊÿƣĪżŲ'ĪĜĪŰěĪƣ¼ 1 ںڻڴ܉ڹڹڵ ݕ ܨ ڷڶڽ܉ڶڵ Peter O'Hagan ںڻڴ܉ڹڹڵ ݕ ܨ ڷڶڽ܉ڶڵ Timothy Baker ںڻڴ܉ڹڹڵ ݕ ܨ ڷڶڽ܉ڶڵ Sir Michael “Mick” Davis ںڻڴ܉ڹڹڵ ݕ ܨ ڷڶڽ܉ڶڵ Susan Allen ڴڴڴ܉ڶڹڶ ݕ ܨ ڴڴڴ܉ڵڶ Dawn Whittaker Not Paid Out or Distributed1 of Vested Share-based Awards Market or Payout Value that Have Not Vested of Share-based Awards Market or Payout Value Name Number of DSUs ܏ڍڎڌڎ܉ڍڏŏŲĜżŲŲĪĜƸŏżŲǝŏƸŊżǀƣS܏ŧŧƫǀĜŊ'®ÃƫǜĪƫƸĪģżŲ'ĪĜĪŰěĪƣ܉'®ŏŲÃ܉ƸŊĪģģŏƸŏżŲÿŧ ŊÿŏƣFĪĪ܉żÿƣģ ŊÿŏƣżłƸŊĪ ǢĪĜǀƸŏǜĪ'ŏƣĪĜƸżƣƫǀŲģĪƣƸŊĪ'®ÃŧÿŲŏŲƣĪƫƠĪĜƸżłƸŊĪŏƣŲŲǀÿŧ'®ÃGƣÿŲƸÿŲģłżƣƸŊĪ/ܫ¼ŊĪłżŧŧżǝŏŲŃŃƣÿŲƸƫżł'®ÃƫǝĪƣĪÿǝÿƣģĪģƸżƸŊĪtżŲ Outstanding Share-Based Awards Report on Director Compensation and Equity Ownership

ڙڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG appointed to hold its assets. ƣĪĜĪŏǜĪƣŰÿŲÿŃĪƣżƣƸƣǀƫƸĪĪ܉żƣŊÿģÿƣĪĜĪŏǜĪƣ܉ƠƣżŰŏƫĪǝŏƸŊĜƣĪģŏƸżƣƫ ÿƣƣÿŲŃĪŰĪŲƸżƣĜżŰ-܉ěĪĜżŰĪƫǀěšĪĜƸƸżżƣŏŲƫƸŏƸǀƸĪģÿŲǣƠƣżĜĪĪģŏŲŃƫ żƣ܉ƠƣżƠżƫÿŧǀŲģĪƣÿŲǣŧĪŃŏƫŧÿƸŏżŲƣĪŧÿƸŏŲŃƸżěÿŲŤƣǀƠƸĜǣżƣŏŲƫżŧǜĪŲĜǣ ŰÿģĪÿ܉ěĪĜżŰĪěÿŲŤƣǀƠƸܡěܠżƣ܉żƣƸƣǀƫƸĪĪÿƠƠżŏŲƸĪģƸżŊżŧģŏƸƫÿƫƫĪƸƫ ƣĪĜĪŏǜĪƣŰÿŲÿŃĪƣ܉ŰĪŲƸżƣĜżŰƠƣżŰŏƫĪǝŏƸŊĜƣĪģŏƸżƣƫżƣŊÿģÿƣĪĜĪŏǜĪƣ ÿƣƣÿŲŃĪ-܉żƣŏŲƫżŧǜĪŲĜǣżƣǝÿƫƫǀěšĪĜƸƸżżƣŏŲƫƸŏƸǀƸĪģÿŲǣƠƣżĜĪĪģŏŲŃƫ ŰÿģĪÿƠƣżƠżƫÿŧǀŲģĪƣÿŲǣŧĪŃŏƫŧÿƸŏżŲƣĪŧÿƸŏŲŃƸżěÿŲŤƣǀƠƸĜǣ܉ěÿŲŤƣǀƠƸ ěĪĜÿŰĪ܉żƣǝŏƸŊŏŲÿǣĪÿƣżłƸŊÿƸƠĪƣƫżŲĜĪÿƫŏŲŃƸżÿĜƸŏŲƸŊÿƸĜÿƠÿĜŏƸǣ ܉ǝŊŏŧĪƸŊÿƸƠĪƣƫżŲǝÿƫÿĜƸŏŲŃŏŲƸŊÿƸĜÿƠÿĜŏƸǣ܉ƸŊÿƸܡŏŲŃƸŊĪ żŰƠÿŲǣ ŏŲĜŧǀģ-ܠěĪĪŲÿģŏƣĪĜƸżƣżƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣżłÿŲǣĜżŰƠÿŲǣܡÿܠ ŏƣĜǀŧÿƣ ǣĪÿƣƫƠƣŏżƣƸżƸŊĪģÿƸĪżłƸŊŏƫڌڍǝŏƸŊŏŲƸŊĪ܉Ŋÿƫ܉ƸƣżŧżłƸŊĪ żŰƠÿŲǣ ŊżŧģŏŲŃÿƫǀǳǿĜŏĪŲƸŲǀŰěĪƣżłƫĪĜǀƣŏƸŏĪƫƸżÿǳłĪĜƸŰÿƸĪƣŏÿŧŧǣƸŊĪĜżŲ- ÿŲǣ ƫŊÿƣĪŊżŧģĪƣ ܉Ƹż ƸŊĪ żŰƠÿŲǣܹƫ ŤŲżǝŧĪģŃĪ ܉Ųżƣ ܉żł ƸŊĪ żŰƠÿŲǣ ŲżŲĪżłƸŊĪģŏƣĪĜƸżƣƫżƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ܉ƸŊĪƣƸŊÿŲÿƫƫĪƸżǀƸěĪŧżǝ BANKRUPTCIES ܏ĜżŲƫĪĜǀƸŏǜĪģÿǣƫڌڏżłŰżƣĪƸŊÿŲ ƸŊÿƸǝÿƫŏŲĪǳłĪĜƸłżƣÿƠĪƣŏżģ܉ŏŲĪÿĜŊĜÿƫĪ܉ǀŲģĪƣƫĪĜǀƣŏƸŏĪƫŧĪŃŏƫŧÿƸŏżŲ an order that denied the relevant company access to any exemption ÿŲżƣģĪƣƫŏŰŏŧÿƣƸżÿĜĪÿƫĪƸƣÿģĪżƣģĪƣżƣ܉ŰĪÿŲƫÿĜĪÿƫĪƸƣÿģĪżƣģĪƣ żƣģĪƣܷܶ܉ĜĪƣżƣĜŊŏĪłǿŲÿŲĜŏÿŧżǳǿĜĪƣ܏FżƣƸŊĪƠǀƣƠżƫĪƫżłƸŊŏƫƠÿƣÿŃƣÿƠŊ ĜŊŏĪłĪǢĪĜǀƸŏǜĪżǳǿ-܉ƸŊÿƸƠĪƣƫżŲǝÿƫÿĜƸŏŲŃŏŲƸŊĪĜÿƠÿĜŏƸǣÿƫģŏƣĪĜƸżƣ ǿŲÿŲĜŏÿŧżǳǿĜĪƣÿŲģǝŊŏĜŊƣĪƫǀŧƸĪģłƣżŰÿŲĪǜĪŲƸƸŊÿƸżĜĜǀƣƣĪģǝŊŏŧĪ ĜŊŏĪłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣżƣĜŊŏĪł܉ĪǢĪĜǀƸŏǜĪżǳǿĜĪƣĜĪÿƫĪģƸżěĪÿģŏƣĪĜƸżƣ ǝÿƫƫǀěšĪĜƸƸżÿŲżƣģĪƣƸŊÿƸǝÿƫŏƫƫǀĪģÿǽƸĪƣƸŊĪģŏƣĪĜƸżƣżƣܡěܠżƣ܉ĜĪƣ ĜŊŏĪłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣżƣĜŊŏĪłǿŲÿŲĜŏÿŧżǳǿ-܉ŏŲƸŊĪĜÿƠÿĜŏƸǣÿƫģŏƣĪĜƸżƣ żƣģĪƣƸŊÿƸǝÿƫŏƫƫǀĪģǝŊŏŧĪƸŊĪģŏƣĪĜƸżƣżƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣǝÿƫÿĜƸŏŲŃ ǝÿƫ ƫǀěšĪĜƸ ƸżÿŲ ܡÿܠ ƸŊÿƸ ܡŏŲĜŧǀģŏŲŃ ƸŊĪ żŰƠÿŲǣܠ żł ÿŲǣ ĜżŰƠÿŲǣ ĜŊŏĪłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣżƣĜŊŏĪłǿŲÿŲĜŏÿŧżǳǿĜĪƣ܉ÿģŏƣĪĜƸżƣ܉ƸŊŏƫ ŏƣĜǀŧÿƣ ǣĪÿƣƫěĪłżƣĪƸŊĪģÿƸĪżłڌڍżƣŊÿƫěĪĪŲǝŏƸŊŏŲƸŊĪ܉ģÿƸĪżłƸŊŏƫ ŏƣĜǀŧÿƣ ÿƫÿƸƸŊĪ܉tżŲĪżłƸŊĪģŏƣĪĜƸżƣƫżƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣŏƫ CORPORATE CEASE TRADE ORDERS understanding provided by us or any of our subsidiaries. support agreement or letter of credit or other similar agreement or ܉ÿƣŏĪƫżƣÿŲżƸŊĪƣĪŲƸŏƸǣǝŊżƫĪŏŲģĪěƸĪģŲĪƫƫŏƫƫǀěšĪĜƸƸżÿŃǀÿƣÿŲƸĪĪ ĜżŰƠŧĪƸĪģ ǿŲÿŲĜŏÿŧ ǣĪÿƣ ěĪĪŲ ŏŲģĪěƸĪģ Ƹż ǀƫ żƣ ÿŲǣ żł żǀƣ ƫǀěƫŏģŏ- of this Circular or at any time since the beginning of the most recently ģÿǣƫěĪłżƣĪƸŊĪģÿƸĪڌڏÿŲģŲżŲĪżłƸŊĪŏƣÿƫƫżĜŏÿƸĪƫŏƫżƣŊÿƫǝŏƸŊŏŲ łżƣŰĪƣ ĪǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ żƣ łżƣŰĪƣ ĪŰƠŧżǣĪĪƫ ܉łżƣŰĪƣ ģŏƣĪĜƸżƣƫ ܉ĪĪƫ ĪŰƠŧżǣ-܉ĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫ܉ģŏƣĪĜƸżƣƫ܉żƣżǀƣƫǀěƫŏģŏÿƣŏĪƫܹ܉tżŲĪżłżǀƣ INDEBTEDNESS OF DIRECTORS AND OFFICERS of directors. ÿŲǣŰÿƸƸĪƣƸżěĪÿĜƸĪģǀƠżŲÿƸƸŊĪrĪĪƸŏŲŃżƸŊĪƣƸŊÿŲƸŊĪĪŧĪĜƸŏżŲ ŏŲ܉żƣżłÿŲǣÿƫƫżĜŏÿƸĪżƣÿǳǿŧŏÿƸĪżłÿŲǣƫǀĜŊƠĪƣƫżŲ܉żłƸŊĪ żŰƠÿŲǣ żłÿŲǣƠƣżƠżƫĪģŲżŰŏŲĪĪłżƣĪŧĪĜƸŏżŲÿƫÿģŏƣĪĜƸżƣ܉ŧÿƫƸǿŲÿŲĜŏÿŧǣĪÿƣ of the Company at any time since the beginning of the Company’s żłÿŲǣģŏƣĪĜƸżƣżƣżǳǿĜĪƣ܉żǝŲĪƣƫŊŏƠżł żŰŰżŲ®ŊÿƣĪƫżƣżƸŊĪƣǝŏƫĪ ěǣ ǝÿǣ żł ěĪŲĪǿĜŏÿŧ ܉ģŏƣĪĜƸ żƣ ŏŲģŏƣĪĜƸ ܉ÿǝÿƣĪ żł ÿ ŰÿƸĪƣŏÿŧ ŏŲƸĪƣĪƫƸ ŰÿŲÿŃĪŰĪŲƸ żł ƸŊĪ żŰƠÿŲǣ ŏƫ ŲżƸ ܉/ǢĜĪƠƸ ÿƫ żƸŊĪƣǝŏƫĪ ģŏƫĜŧżƫĪģ IN MATTERS TO BE ACTED UPON INTERESTS OF CERTAIN PERSONS OR COMPANIES Company or any of its subsidiaries. ƸƣÿŲƫÿĜƸŏżŲǝŊŏĜŊŊÿƫŰÿƸĪƣŏÿŧŧǣÿǳłĪĜƸĪģżƣǝżǀŧģŰÿƸĪƣŏÿŧŧǣÿǳłĪĜƸƸŊĪ żŰƠÿŲǣܹƫŰżƫƸƣĪĜĪŲƸŧǣĜżŰƠŧĪƸĪģǿŲÿŲĜŏÿŧǣĪÿƣżƣŏŲÿŲǣƠƣżƠżƫĪģ ŏŲÿŲǣƸƣÿŲƫÿĜƸŏżŲƫŏŲĜĪƸŊĪĜżŰŰĪŲĜĪŰĪŲƸżłƸŊĪ܉ÿŲǣƫǀĜŊƠĪƣƫżŲ żƣ ÿŲǣ ÿƫƫżĜŏÿƸĪ żƣ ÿǳǿŧŏÿƸĪ żł ܉ÿŲǣ ƠƣŏŲĜŏƠÿŧ ƫŊÿƣĪŊżŧģĪƣ ܉ żŰƠÿŲǣ ÿŲǣƠƣżƠżƫĪģŲżŰŏŲĪĪłżƣĪŧĪĜƸŏżŲÿƫÿģŏƣĪĜƸżƣżłƸŊĪ܉ƸŊĪ żŰƠÿŲǣ żƣżǳǿĜĪƣżłÿěżģǣĜżƣƠżƣÿƸĪƸŊÿƸŏƫŏƸƫĪŧłÿŲŏŲƫŏģĪƣżƣƫǀěƫŏģŏÿƣǣżł ÿŲǣģŏƣĪĜƸżƣ܉żłÿŲǣģŏƣĪĜƸżƣżƣżǳǿĜĪƣżłƸŊĪ żŰƠÿŲǣ܉ģŏƣĪĜƸżƣŏŲģŏƣĪĜƸ ܉rÿŲÿŃĪŰĪŲƸ żł ƸŊĪ żŰƠÿŲǣ ŏƫ ŲżƸ ÿǝÿƣĪ żł ÿ ŰÿƸĪƣŏÿŧ ŏŲƸĪƣĪƫƸ IN MATERIAL TRANSACTIONS INTEREST OF MANAGEMENT AND OTHERS certain other acts. ÿĜƸƫǝŊŏĜŊƣĪƫǀŧƸŏŲƠĪƣƫżŲÿŧƠƣżǿƸÿŲģ܉ÿŲĜĪĜżǜĪƣÿŃĪÿƣĪŏŧŧĪŃÿŧÿĜƸƫ ƸŊĪǣÿƣĪŲżƸŏŲģĪŰŲŏǿĪģěǣǀƫżƣżǀƣƫǀěƫŏģŏÿƣŏĪƫ܏/ǢĜŧǀģĪģłƣżŰŏŲƫǀƣ- ŏŲƫǀƣĪģĜŧÿŏŰƫÿƣŏƫŏŲŃģǀƣŏŲŃƸŊĪƠĪƣłżƣŰÿŲĜĪżłƸŊĪŏƣģǀƸŏĪƫłżƣǝŊŏĜŊ ƫŏģŏÿƣŏĪƫܹŏŲģŏǜŏģǀÿŧģŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫǝŏŧŧÿŧƫżěĪƣĪŏŰěǀƣƫĪģłżƣ ǝŊŏĜŊǝŏŧŧěĪƠÿŏģěǣǀƫ܏ǀƣÿŲģżǀƣƫǀě-܉ÿģĪģǀĜƸŏěŧĪłżƣĪÿĜŊŧżƫƫ ƫǀěšĪĜƸƸż܉żŲěĪŊÿŧłżłżǀƣÿŲģżǀƣƫǀěƫŏģŏÿƣŏĪƫܹģŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫ ĜŧÿŏŰƫǝŊĪƣĪƠÿǣŰĪŲƸƫŊÿǜĪěĪĪŲŰÿģĪǀŲģĪƣŏŲģĪŰŲŏƸǣƠƣżǜŏƫŏżŲƫ ǝĪÿŲģżǀƣƫǀěƫŏģŏÿƣŏĪƫǝŏŧŧěĪƣĪŏŰěǀƣƫĪģłżƣŏŲƫǀƣĪģ܉ÿŲĜĪĜżǜĪƣÿŃĪ ĪǢŏƫƸŏŲŃ ģŏƣĪĜƸżƣƫܹ ÿŲģ żǳǿĜĪƣƫܹ ŧŏÿěŏŧŏƸǣ ŏŲƫǀƣÿŲĜĪ܏ ÃŲģĪƣ ƸŊŏƫ ŏŲƫǀƣ- ǀƣÿŲģżǀƣƫǀěƫŏģŏÿƣŏĪƫܹģŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫÿƣĪĜżǜĪƣĪģǀŲģĪƣżǀƣ DIRECTOR AND OFFICER LIABILITY INSURANCE OTHER INFORMATION Other Information

ښڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG the ASPP. ÿƠƠŧŏĜÿěŧĪƫĪĜǀƣŏƸŏĪƫŧÿǝƫÿŲģƸŊĪƸĪƣŰƫżł܉ǝŏƸŊƸŊĪƣǀŧĪƫżłƸŊĪ¼®å ameters established by us prior to the blackout period in accordance be made by the designated broker in its sole discretion based on par- ŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪƸĪƣŰƫżłƸŊĪ®܏®ǀĜŊƠǀƣĜŊÿƫĪƫǝŏŧŧƸŊĪt S Company may instruct the designated broker to make purchases under ƸŊĪ ܉Ơƣŏżƣ Ƹż ĪŲƸĪƣŏŲŃ ŏŲƸż ÿ ěŧÿĜŤżǀƸ ƠĪƣŏżģ܉® ǀƣƫǀÿŲƸ Ƹż ƸŊĪ regulatory restrictions and customary self-imposed blackout periods. ordinarily not be permitted to purchase our Common Shares due to ƠƣżŃƣÿŰÿƸƸŏŰĪƫǝŊĪŲǝĪǝżǀŧģżǀƣ żŰŰżŲ®ŊÿƣĪƫǀŲģĪƣƸŊĪt S ƠƣżŃƣÿŰ܏¼ŊĪ®ŏƫŏŲƸĪŲģĪģƸżÿŧŧżǝłżƣƸŊĪƠǀƣĜŊÿƫĪżłƸŊĪt S ǝŏƸŊ ƸŊĪ ģĪƫŏŃŲÿƸĪģ ěƣżŤĪƣ ƣĪƫƠżŲƫŏěŧĪ łżƣ ܡ”ASPP“ܠ ǀƣĜŊÿƫĪ ŧÿŲ ƸŊĪ żŰƠÿŲǣ ĪƫƸÿěŧŏƫŊĪģ ÿŲ ǀƸżŰÿƸŏĜ ®ŊÿƣĪ ܉ڍڎڌڎ SŲ 'ĪĜĪŰěĪƣ ܏ŰŏŧŧŏżŲڕ܏ڍłżƣݕƸŊĪt S żŰŰżŲ®ŊÿƣĪƫǀŲģĪƣ ڔڒڑ܉ڐړڍƸŊĪ żŰƠÿŲǣŊÿģƠǀƣĜŊÿƫĪģ܉ڎڎڌڎ܉ڌڏ ƠƣżŃƣÿŰǝŏŧŧěĪĜÿŲĜĪŧŧĪģ܏ƫÿƸrÿƣĜŊěǣƸŊĪ żŰƠÿŲǣǀŲģĪƣƸŊĪt S ĪǢĪŰƠƸŏżŲܷżłƸŊĪ¼®åƣǀŧĪƫ܏ŧŧ żŰŰżŲ®ŊÿƣĪƫƸŊÿƸÿƣĪƣĪƠǀƣĜŊÿƫĪģ ǝŊĪƣĪ ƠǀƣĜŊÿƫĪƫ ÿƣĪ ŰÿģĪ ŏŲ ÿĜĜżƣģÿŲĜĪ ǝŏƸŊ ƸŊĪ ܶěŧżĜŤ ƠǀƣĜŊÿƫĪ ĪǢĜĪƠƸ܉ܡżŰŰżŲ®ŊÿƣĪƫ ڎړڔ܉ڎڏěĪŏŲŃܠڍڎڌڎ܉ڑƸżĜƸżěĪƣڍڎڌڎ܉ڌڎrÿǣ ƸƣÿģŏŲŃǜżŧǀŰĪżłƸŊĪ żŰŰżŲ®ŊÿƣĪƫżŲƸŊĪ¼®åłżƣƸŊĪƠĪƣŏżģłƣżŰ żłƸŊĪÿǜĪƣÿŃĪģÿŏŧǣބڑڎƣĪƠƣĪƫĪŲƸŏŲŃ܉żŰŰżŲ®ŊÿƣĪƫ ڔڍڎ܉ڔŧŏŰŏƸĪģƸż ÿŏŧǣƠǀƣĜŊÿƫĪƫǝŏŧŧěĪ'܏ڎڎڌڎ܉ڏڍƠƣżŃƣÿŰÿƣĪÿǀƸŊżƣŏǭĪģǀŲƸŏŧĜƸżěĪƣ ƠƣżĜĪģǀƣĪƫżłƸŊĪ¼®å܏¦ĪƠǀƣĜŊÿƫĪƫǀŲģĪƣƸŊĪt SÿŲĜĪǝŏƸŊƸŊĪt S żŰŰżŲ®ŊÿƣĪƫłƣżŰƸŏŰĪƸżƸŏŰĪŏŲÿĜĜżƣģ- ڌڌڌ܉ڌڌڌ܉ڎÿĜƢǀŏƣĪǀƠƸż ƸŊĪ żŰƠÿŲǣ Űÿǣ ܉ěǣ ĜżŲƸÿĜƸŏŲŃ ƸŊĪ żŰƠÿŲǣ܏ ÃŲģĪƣ ƸŊĪ ƠƣżŃƣÿŰ ܉ǝŏƸŊżǀƸ ĜŊÿƣŃĪ ܉ĜÿŲ ěĪ żěƸÿŏŲĪģ ěǣ ƸŊĪ ƫŊÿƣĪŊżŧģĪƣƫ ܉ǝŏƸŊ ƸŊĪ ¼®å ǝŊŏĜŊŊÿƫěĪĪŲǿŧĪģ܉ƸŊĪ żŰƠÿŲǣܹƫtżƸŏĜĪżłSŲƸĪŲƸŏżŲƸżŰÿŤĪÿt S ƠƣżŃƣÿŰ܏ĜżƠǣżłƸŊĪ żŰƠÿŲǣĪƫƸÿěŧŏƫŊĪģÿt S܉ڍڎڌڎSŲĜƸżěĪƣ NORMAL COURSE ISSUER BID decrease in the market value of our Common Shares. łƣżŰƠǀƣĜŊÿƫŏŲŃǿŲÿŲĜŏÿŧŏŲƫƸƣǀŰĪŲƸƫģĪƫŏŃŲĪģƸżŊĪģŃĪżƣżǳłƫĪƸÿ żǀƣģŏƣĪĜƸżƣƫÿŲģĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫÿƣĪƠƣżŊŏěŏƸĪģ܉ƸŊĪǣÿƣŏƫĪ܏FǀƣƸŊĪƣ żŰƠÿŲǣ ÿŲģ Ƹż ģŏƫĜŧżƫĪ ÿŲǣ ĜżŲǵŧŏĜƸƫ Ƹż ƸŊĪ żŰƠÿŲǣ ŏł ÿŲģ ǝŊĪŲ obligations to act at all times in good faith and in the interest of the ¼ŊĪģŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣŊÿǜĪěĪĪŲÿģǜŏƫĪģżłƸŊĪŏƣ ܏ŰÿǣŊÿǜĪÿĜżŲǵŧŏĜƸżłŏŲƸĪƣĪƫƸ܉ŰÿŲÿŃĪŰĪŲƸ żƣ܉ŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƫƸżƣĪǜŏĪǝÿŰÿƸƸĪƣŏŲǝŊŏĜŊƫĪǜĪƣÿŧģŏƣĪĜƸżƣƫ ƸŊĪ żŰƠÿŲǣǝŏŧŧĪƫƸÿěŧŏƫŊÿƫƠĪĜŏÿŧĜżŰŰŏƸƸĪĪżł܉ÿƠƠƣżƠƣŏÿƸĪĜÿƫĪƫ ǝÿƫ ƣĪÿƫżŲÿěŧĪ ÿŲģ łÿŏƣ Ƹż ƸŊĪ żŰƠÿŲǣ ǝŊĪŲ ŏƸ ǝÿƫ ÿƠƠƣżǜĪģ܏ SŲ ÿŲģƸŊĪĜżŲƸƣÿĜƸżƣƸƣÿŲƫÿĜƸŏżŲ܉ÿƠƠƣżǜĪģƸŊĪĜżŲƸƣÿĜƸżƣƸƣÿŲƫÿĜƸŏżŲ ƸŊĪģŏƣĪĜƸżƣƫ܉ŏłƸŊĪŏŲƸĪƣĪƫƸǝÿƫƠƣżƠĪƣŧǣģŏƫĜŧżƫĪģÿƫģĪƸÿŏŧĪģÿěżǜĪ ܉ÿƸƸŊĪŰĪĪƸŏŲŃżłģŏƣĪĜƸżƣƫƸŊÿƸĜżŲƫŏģĪƣĪģƸŊĪĜżŲƸƣÿĜƸżƣƸƣÿŲƫÿĜƸŏżŲ ǝÿƫƠƣĪƫĪŲƸżƣǝÿƫĜżǀŲƸĪģƸżģĪƸĪƣŰŏŲĪǝŊĪƸŊĪƣÿƢǀżƣǀŰĪǢŏƫƸĪģ director’s interest in the contract or transaction or because the director ěĪĜÿǀƫĪ żł ƸŊĪ ܉ÿŲǣ ƠƣżǿƸƫ ƣĪÿŧŏǭĪģ łƣżŰ ƸŊĪ ĜżŲƸƣÿĜƸ żƣ ƸƣÿŲƫÿĜƸŏżŲ the director is not accountable to the Company or its shareholders for ÿŲģ ܉ĜżŲƸƣÿĜƸ żƣ ƸƣÿŲƫÿĜƸŏżŲ ƣĪƫǀŧƸŏŲŃ łƣżŰ ƸŊĪ ŰÿƸƸĪƣ ŏƫ ŲżƸ ŏŲǜÿŧŏģ ģŏƫĜǀƫƫŏżŲƫÿŲģǜżƸŏŲŃǝŏƸŊƣĪƫƠĪĜƸƸżƸŊĪŰÿƸƸĪƣÿƣĪƸÿŤŏŲŃƠŧÿĜĪ܏¼ŊĪ ŰÿǣěĪƣĪƢǀŏƣĪģƸżƣĪĜǀƫĪŊŏŰƫĪŧłżƣŊĪƣƫĪŧłłƣżŰƸŊĪŰĪĪƸŏŲŃǝŊŏŧĪ ƫǀĜŊģŏƣĪĜƸżƣ܉żÿƣģżƣÿŲǣĜżŰŰŏƸƸĪĪżŲǝŊŏĜŊŊĪżƣƫŊĪƫĪƣǜĪƫżǀƣ ǝŊĪƣĪÿģŏƣĪĜƸżƣŊÿƫÿŰÿƸĪƣŏÿŧŏŲƸĪƣĪƫƸŏŲÿŰÿƸƸĪƣƸżěĪĜżŲƫŏģĪƣĪģěǣ ƫǀĜŊŏŲƸĪƣĪƫƸÿƫƫżżŲÿƫƸŊĪģŏƣĪĜƸżƣěĪĜżŰĪƫÿǝÿƣĪżłŏƸ܏SŲƫŏƸǀÿƸŏżŲƫ żÿƣģżƣÿŲǣĜżŰŰŏƸƸĪĪżŲǝŊŏĜŊŊĪżƣƫŊĪƫĪƣǜĪƫŏƫƣĪƢǀŏƣĪģƸżģŏƫĜŧżƫĪ ܏ģŏƣĪĜƸżƣǝŊżŊÿƫÿŰÿƸĪƣŏÿŧŏŲƸĪƣĪƫƸŏŲÿŰÿƸƸĪƣěĪłżƣĪżǀƣ ƸŊĪ ÿƣĪÿŧƫżƣĪƢǀŏƣĪģƸżĜżŰƠŧǣǝŏƸŊƸŊĪĜżŲǵŧŏĜƸżłŏŲƸĪƣĪƫƸƠƣżǜŏƫŏżŲƫżł ÿŲģŏŲŃżżģłÿŏƸŊǝŏƸŊÿǜŏĪǝƸżƸŊĪěĪƫƸŏŲƸĪƣĪƫƸƫżłƸŊĪ żŰƠÿŲǣÿŲģ ¼ŊĪ żŰƠÿŲǣܹƫģŏƣĪĜƸżƣƫÿŲģżǳǿĜĪƣƫÿƣĪƣĪƢǀŏƣĪģěǣŧÿǝƸżÿĜƸŊżŲĪƫƸŧǣ possible acquisitions or in generally acting on behalf of the Company. ŏŲƸĪƣĪƫƸŰÿǣÿƣŏƫĪǝŊŏĜŊĜżǀŧģŏŲǵŧǀĪŲĜĪƸŊĪƫĪƠĪƣƫżŲƫŏŲĪǜÿŧǀÿƸŏŲŃ ĜżŲǵŧŏĜƸƫżł܉ĜĜżƣģŏŲŃŧǣ܏ܡƫĪĪܶ'ŏƣĪĜƸżƣƣżǿŧĪƫܷܠŊĪŧģěǣŏƸƫŰĪŰěĪƣƫ ƸżƣŏŲƸĪƣŧżĜŤƠżŧŏĜǣěǀƸǝŏŧŧŤĪĪƠŏŲłżƣŰĪģżłżƸŊĪƣƠǀěŧŏĜģŏƣĪĜƸżƣƫŊŏƠƫ żÿƣģŊÿƫŲżƸÿģżƠƸĪģÿģŏƣĪĜ-żǳǿĜĪƣƫżłżƸŊĪƣƠǀěŧŏĜĜżŰƠÿŲŏĪƫ܏ǀƣ żÿƣģÿƣĪÿŧƫżŰĪŰěĪƣƫżłƸŊĪěżÿƣģƫżłģŏƣĪĜƸżƣƫżƣĪǢĪĜǀƸŏǜĪżłżǀƣ żłƸŊĪŏƫƫǀĪģÿŲģżǀƸƫƸÿŲģŏŲŃ żŰŰżŲ®ŊÿƣĪƫ܏ ĪƣƸÿŏŲŰĪŰěĪƣƫބڑڔ żǝŲ żƣ ĜżŲƸƣżŧ ÿƠƠƣżǢŏŰÿƸĪŧǣ ܉ŊżŧģĪƣƫ ƸżŃĪƸŊĪƣ ģŏƣĪĜƸŧǣ żƣ ŏŲģŏƣĪĜƸŧǣ business interests as at the date of this Circular. The Principal Share- żǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣżƣŏƸƫƫǀěƫŏģŏÿƣŏĪƫÿƫÿƣĪƫǀŧƸżłƸŊĪŏƣżǀƸƫŏģĪ of interest among the Company or its subsidiaries and the directors or ƸŊĪƣĪÿƣĪŲżĪǢŏƫƸŏŲŃƠżƸĪŲƸŏÿŧĜżŲǵŧŏĜƸƫ܉¼żƸŊĪ żŰƠÿŲǣܹƫŤŲżǝŧĪģŃĪ CONFLICTS OF INTEREST to a reasonable investor making an investment decision. ěǣÿĜżǀƣƸżƣƣĪŃǀŧÿƸżƣǣěżģǣƸŊÿƸǝżǀŧģŧŏŤĪŧǣěĪĜżŲƫŏģĪƣĪģŏŰƠżƣƸÿŲƸ ÿǀƸŊżƣŏƸǣżƣěĪĪŲƫǀěšĪĜƸƸżÿŲǣżƸŊĪƣƠĪŲÿŧƸŏĪƫżƣƫÿŲĜƸŏżŲƫŏŰƠżƫĪģ ŊÿƫĪŲƸĪƣĪģŏŲƸżÿƫĪƸƸŧĪŰĪŲƸÿŃƣĪĪŰĪŲƸǝŏƸŊÿƫĪĜǀƣŏƸŏĪƫƣĪŃǀŧÿƸżƣǣ ing to securities legislation or by a securities regulatory authority or ěĪĪŲƫǀěšĪĜƸƸżÿŲǣƠĪŲÿŧƸŏĪƫżƣƫÿŲĜƸŏżŲƫŏŰƠżƫĪģěǣÿĜżǀƣƸƣĪŧÿƸ- Ŋÿƫ ܉żł ƫĪĜǀƣŏƸŏĪƫ Ƹż ÿǳłĪĜƸ ŰÿƸĪƣŏÿŧŧǣ ƸŊĪ ĜżŲƸƣżŧ żł ƸŊĪ żŰƠÿŲǣ ÿŲǣ ƫŊÿƣĪŊżŧģĪƣ ŊżŧģŏŲŃ ÿ ƫǀǳǿĜŏĪŲƸ ŲǀŰěĪƣ ܉ żŰƠÿŲǣܹƫ ŤŲżǝŧĪģŃĪ ƸżƸŊĪ܉Ųżƣ܉tżŲĪżłƸŊĪģŏƣĪĜƸżƣƫżƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣ PENALTIES OR SANCTIONS ܏ÿŲģÿƣĪĜĪŏǜĪƣǝÿƫÿƠƠżŏŲƸĪģܡÿŲÿģÿ ܠÿŲŤƣǀƠƸĜǣÿŲģSŲƫżŧǜĪŲĜǣĜƸ SŲĜ܏ ǿŧĪģ łżƣ ěÿŲŤƣǀƠƸĜǣ ǀŲģĪƣ ƸŊĪ ܉ƣÿŲģŧŧŏÿŲĜĪ ܉ڌڎڌڎ ܉ڍ Ų dǀŲĪ ܏ڌڎڌڎ܉ڍǀŲƸŏŧŊĪƣƣĪƫŏŃŲÿƸŏżŲżŲdǀŲĪڔڍڌڎłƣżŰFĪěƣǀÿƣǣ܉ŏŲƸŊĪƫÿŧĪ ƣÿŲģ żŰƠÿŲǣƫǀěƫŏģŏÿƣǣǝŊżƫĪÿƫƫĪƸƫǝĪƣĪŲżƸŏŲĜŧǀģĪģ ÿŲÿģŏÿŲ ÿ܉SŲĜ܏܉ƣÿŲģŧŧŏÿŲĜĪÃ܏®܏ÿƫƫĪƸƫ܏rƫ܏ŧŧĪŲÿŧƫżƫĪƣǜĪģÿƫÿģŏƣĪĜƸżƣżł ÿƸǝŊŏĜŊƸŏŰĪŏƸĜżŰƠŧĪƸĪģÿƫÿŧĪżłŏƸƫ܉ڌڎڌڎƸżdǀŲĪڒڍڌڎłƣżŰrÿƣĜŊ ܉ÿ ƠƣŏǜÿƸĪŧǣ ŊĪŧģ Ã܏®܏ ƠƣżŰżƸŏżŲƫ ÿŲģ ŰÿƣŤĪƸŏŲŃ ǿƣŰ ܉ܡ”Company Brandܶܠ SŲĜ܏ ܉ƣÿŲģ żŰƠÿŲǣ ®ǀƫÿŲ ŧŧĪŲ ƫĪƣǜĪģ ÿƫ ÿ ģŏƣĪĜƸżƣ żł Other Information

ڛڜ ¦rtG/r/t¼¦åæ S¦ ÃhڗژږژSh/FhG¦¼ ڎڎڌڎ܉ڌڏrÿƣĜŊ ŲƸÿƣŏż܉'ÿƸĪģŏŲ¼żƣżŲƸż ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ Sheldon Vanderkooy ܏żÿƣģÿƠƠƣżǜĪģěǣƸŊĪ the Company and to the appropriate government agencies have been ƸżƸŊĪĪǢƸĪƣŲÿŧÿǀģŏƸżƣżł܉ƸżĪÿĜŊģŏƣĪĜƸżƣ܉ƣĪĜĪŏǜĪŲżƸŏĜĪżłƸŊĪrĪĪƸŏŲŃ The contents and sending of this Circular to shareholders entitled to BOARD APPROVAL nominees. ŊÿƣĪŊżŧģĪƣƫŰÿǣÿŧƫżĜżŲƸÿĜƸƸŊĪ ŊÿŏƣǝŏƸŊÿŲǣƠƣżƠżƫÿŧƫłżƣģŏƣĪĜƸżƣ® ڍ®ڎdڑr t܉¼żƣżŲƸż ÿǣ®ƸƣĪĪƸڍڒڍܫڑڏڑڐ ¼ƣŏƠŧĪFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ ż ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣܕĜ żÿƣģŊÿŏƣżłƸŊĪ ܈żÿƣģěǣǝƣŏƸŏŲŃƸżżÿƣģƸŊƣżǀŃŊƸŊĪ ŊÿŏƣżłƸŊĪĜÿƸĪģŏƣĪĜƸŧǣǝŏƸŊƸŊĪ ĪŰƠŧżǣĪĪƫÿŲģżƸŊĪƣŏŲƸĪƣĪƫƸĪģƠÿƣƸŏĪƫŰÿǣĜżŰŰǀŲŏ-܉®ŊÿƣĪŊżŧģĪƣƫ CONTACTING THE BOARD OF DIRECTORS scheduled conference calls. ǝǝǝ܏ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰÿŲģǝǝǝ܏ƫĪģÿƣ܏ĜżŰżƣěǣģŏÿŧŏŲŃŏŲłżƣƣĪŃǀŧÿƣŧǣ information about or relating to the Company can also be found at ÿŲÿŧǣƫŏƫ łżƣ ŏƸƫ ŰżƫƸ ƣĪĜĪŲƸŧǣ ĜżŰƠŧĪƸĪģ ǿŲÿŲĜŏÿŧ ǣĪÿƣ܏ ģģŏƸŏżŲÿŧ ƫżŧŏģÿƸĪģ ǿŲÿŲĜŏÿŧ ƫƸÿƸĪŰĪŲƸƫ ÿŲģ ŰÿŲÿŃĪŰĪŲƸܹƫ ģŏƫĜǀƫƫŏżŲ ÿŲģ Financial information is provided in the Company’s audited con- ܏ڍ®ڎdڑŲƸÿƣŏżr܉żƣżŲƸż¼ ܉ÿǣ®ƸƣĪĪƸڍڒڍܫڑڏڑڐSŲǜĪƫƸżƣ¦ĪŧÿƸŏżŲƫżłƸŊĪ żŰƠÿŲǣÿƸޠǜÿŧǀÿƸŏżŲƫ/ ܉ÿŲģƸŊŏƫ ŏƣĜǀŧÿƣĜÿŲěĪżěƸÿŏŲĪģǀƠżŲƣĪƢǀĪƫƸłƣżŰƸŊĪßŏĜĪƣĪƫŏģĪŲƸ ŲŲǀÿŧ¦ĪƠżƣƸڍڎڌڎƸŊĪ żŰƠÿŲǣܹƫ܉ żƠŏĪƫżłƸŊĪ żŰƠÿŲǣܹƫŧÿƸĪƫƸSF ܏ǀģŏƸ żŰŰŏƸƸĪĪƫܨڌڍڍܫڎڑǀŲģĪƣtÿƸŏżŲÿŧSŲƫƸƣǀŰĪŲƸڍFڌڍڍܫڎڑFżƣŰ ĜżŲƸÿŏŲƫÿŧŧżłƸŊĪģŏƫĜŧżƫǀƣĪƣĪƢǀŏƣĪģěǣ܉ÿŰżŲŃżƸŊĪƣƸŊŏŲŃƫ܉ǝŊŏĜŊ żłƸŊĪƠƣżǜŏŲĜĪƫÿŲģƸĪƣƣŏƸżƣŏĪƫżł ÿŲÿģÿ܏¼ŊĪ żŰƠÿŲǣŊÿƫǿŧĪģŏƸƫSF various securities commissions or similar regulatory authority in each ĜżŲƫżŧŏģÿƸĪģǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫÿŲģŏŲłżƣŰÿƸŏżŲĜŏƣĜǀŧÿƣƫǝŏƸŊƸŊĪ żłÿŧŧżłƸŊĪƠƣżǜŏŲĜĪƫÿŲģƸĪƣƣŏƸżƣŏĪƫżł ÿŲÿģÿÿŲģŏƫƣĪƢǀŏƣĪģƸżǿŧĪ The Company is a reporting issuer under the applicable legislation ADDITIONAL INFORMATION ܏ÿĜĜżƣģÿŲĜĪǝŏƸŊSF¦® ĜżŲƫƸƣǀĪģÿƫÿŲÿŧƸĪƣŲÿƸŏǜĪƸżżƸŊĪƣǿŲÿŲĜŏÿŧŰĪÿƫǀƣĪƫģĪƸĪƣŰŏŲĪģŏŲ ÿŲģƸŊĪǣƫŊżǀŧģŲżƸěĪ܉ƠƣĪƫĪŲƸĪģěǣżƸŊĪƣƠǀěŧŏĜŧǣƸƣÿģĪģĜżŰƠÿŲŏĪƫ therefore they may not be comparable to similarly titled measures sures do not have a standardized meaning prescribed by IFRS and ܫǝŊŏĜŊ ģŏƫĜŧżƫǀƣĪƫ ÿƣĪ ŏŲĜżƣƠżƣÿƸĪģ ěǣ ƣĪłĪƣĪŲĜĪ ŊĪƣĪŏŲ܏ ¼ŊĪƫĪ ŰĪÿ ܉¦ĪƠżƣƸ ǝŊŏĜŊ ŏƫ ÿǜÿŏŧÿěŧĪ żŲ żǀƣ ®/'¦ ƠƣżǿŧĪ ÿƸ ǝǝǝ܏ƫĪģÿƣ܏ĜżŰ ŲŲǀÿŧڍڎڌڎŲÿŧǣƫŏƫżłƸŊĪ żŰƠÿŲǣܹƫޠrÿŲÿŃĪŰĪŲƸܹƫ'ŏƫĜǀƫƫŏżŲ FƣĪĪ ÿƫŊ Fŧżǝܷ ƫĪĜƸŏżŲƫ ŏŲĜŧǀģĪģ ŏŲ ƸŊĪ ܨ ĪƣłżƣŰÿŲĜĪ rĪÿƫǀƣĪƫ SF¦® FŏŲÿŲĜŏÿŧܫS¼'ܷ ÿŲģ ܶtżŲģšǀƫƸĪģ / ܨ ĪƣłżƣŰÿŲĜĪ rĪÿƫǀƣĪƫ SF¦®FŏŲÿŲĜŏÿŧܫtżŲܶ܉ƠĪƣ®ŊÿƣĪܷܡhżƫƫܠÿŲģģšǀƫƸĪģtĪƸ/ÿƣŲŏŲŃƫܡhżƫƫܠ ģšǀƫƸĪģ tĪƸ /ÿƣŲŏŲŃƫ ܨ SF¦® FŏŲÿŲĜŏÿŧ ĪƣłżƣŰÿŲĜĪ rĪÿƫǀƣĪƫܫtżŲܶ ܉ܷܡܷ®/GܶܠGżŧģ/ƢǀŏǜÿŧĪŲƸǀŲĜĪƫܨFŏŲÿŲĜŏÿŧĪƣłżƣŰÿŲĜĪrĪÿƫǀƣĪƫ SF¦®ܫƠŧĪÿƫĪ ƫĪĪ ƸŊĪ ܶtżŲ ܉ŰżƫƸ ģŏƣĪĜƸŧǣ ĜżŰƠÿƣÿěŧĪ SF¦® ŰĪÿƫǀƣĪƫ SF¦® ǿŲÿŲĜŏÿŧ ŰĪÿƫǀƣĪƫ ÿŲģ ģĪƸÿŏŧĪģ ƣĪĜżŲĜŏŧŏÿƸŏżŲƫ Ƹż ƸŊĪܫżł ŲżŲ SF¦®ǿŲÿŲĜŏÿŧŰĪÿƫǀƣĪƫ܏FżƣŰżƣĪŏŲłżƣŰÿƸŏżŲżŲƸŊĪ żŰƠÿŲǣܹƫǀƫĪ ܫÿƣĪŲżŲ܉ģšǀƫƸĪģtĪƸSŲĜżŰĪÿŲģFƣĪĪĜÿƫŊǵŧżǝ܉'¼SģšǀƫƸĪģ/ ܉ƫǀĜŊ ÿƫ G/ƫ ܉ ĪƣƸÿŏŲ ǿŲÿŲĜŏÿŧ ŰĪÿƫǀƣĪƫ ģŏƫĜǀƫƫĪģ ŏŲ ƸŊŏƫ ŏƣĜǀŧÿƣ ttܰSF¦®FStt Shr/®Ã¦/® Other Information

ڜڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģƸŊĪĜżŰƠżƫŏƸŏżŲżłƸŊĪ ƠƠŧŏĜÿěŧĪƣĪƫŏģĪŲĜǣƣĪƢǀŏƣĪŰĪŲƸƫǝŏŧŧěĪĜżŰƠŧŏĪģǝŏƸŊŏŲƣĪƫƠĪĜƸżł ܏ƫŊÿŧŧƠĪƣŏżģŏĜÿŧŧǣƣĪǜŏĪǝŏƸƫƫŏǭĪŏŲŧŏŃŊƸżłŏƸƫģǀƸŏĪƫÿŲģƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫ żÿƣģŏƣĪĜƸżƣƫ܏¼ŊĪ'ܡړܠżÿƣģƫŊÿŧŧŏŲŏƸŏÿŧŧǣěĪĜżŰƠƣŏƫĪģżłƫĪǜĪŲ¼ŊĪ ܏ÿƫģĪƸĪƣŰŏŲĪģłƣżŰƸŏŰĪƸżƸŏŰĪěǣƸŊĪ'ŏƣĪĜƸżƣƫ܉ŏƣĪĜƸżƣƫ'ܡڌڍܠƸĪŲ ŏƣĪĜƸżƣƫÿŲģÿŰÿǢŏŰǀŰżł'ܡڏܠěĪĜżŰƠƣŏƫĪģżłÿŰŏŲŏŰǀŰżłƸŊƣĪĪ żÿƣģƫŊÿŧŧ¼ŊĪĜżŲƫƸÿƸŏŲŃģżĜǀŰĪŲƸƫżłƸŊĪ żŰƠÿŲǣƠƣżǜŏģĪƸŊÿƸƸŊĪ Sð/®'¦ ܏ڛ ܏/ ƸŊĪ ܡģܠ ÿŲģܔżÿƣģƸŊĪĜŊÿŏƣżłĪÿĜŊƫƸÿŲģŏŲŃĜżŰŰŏƸƸĪĪżłƸŊĪ ܡĜܠ ܔŏłƸŊĪ ŊÿŏƣŏƫŲżƸÿŲŏŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣ܉ƸŊĪhĪÿģ'ŏƣĪĜƸżƣ ܡěܠ ܔƸŊĪ Ŋÿŏƣ ܡÿܠ ܈łżƣŰÿŧƠżƫŏƸŏżŲģĪƫĜƣŏƠƸŏżŲƫłżƣ ĜżŲĜĪƣŲŏŲŃ܉G żŰŰŏƸƸĪĪ®/ޠƣĪĜżŰŰĪŲģÿƸŏżŲƫżłƸŊĪ żŰƠĪŲƫÿƸŏżŲ ÿƠƠƣżǜĪƸŊĪ ܉ŏł ģĪƸĪƣŰŏŲĪģ ÿƠƠƣżƠƣŏÿƸĪ ܉żÿƣģ ƫŊÿŧŧ ƣĪǜŏĪǝ ÿŲģ ¼ŊĪ S¼St'/® ¦S¼St®® ܏ښ ܏żÿƣģÿƸÿŲǣƸŏŰĪÿƸƸŊĪģŏƫĜƣĪƸŏżŲżłƸŊĪ ŰÿǣěĪƣĪŰżǜĪģ܉ÿƫÿƠƠŧŏĜÿěŧĪ܉ģǀƸŏĪƫ܏¼ŊĪ ŊÿŏƣÿŲģƸŊĪhĪÿģ'ŏƣĪĜƸżƣ żÿƣģܹƫÿŃĪŲģÿǝŏŧŧĪŲÿěŧĪŏƸƸżƫǀĜĜĪƫƫłǀŧŧǣĜÿƣƣǣżǀƸŏƸƫĪŲƫǀƣĪƸŊÿƸƸŊĪ żÿƣģÿŲģżƣƸŊĪhĪÿģ'ŏƣĪĜƸżƣǝŏŧŧÿĜƸÿƫƸŊĪĪǳłĪĜƸŏǜĪŧĪÿģĪƣżłƸŊĪ ƸŊĪ“Lead Director”). Either an independent ChairܠÿĜƸÿƫŧĪÿģģŏƣĪĜƸżƣ żÿƣģǝŏŧŧÿŧƫżÿƠƠżŏŲƸÿŲŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƸżƸŊĪ܉ƸżÿĜƸÿƫÿ Ŋÿŏƣ in the circumstances and instead appoints a non-independent director żÿƣģģĪƸĪƣŰŏŲĪƫƸŊÿƸƸŊŏƫŏƫŲżƸÿƠƠƣżƠƣŏÿƸĪSłƸŊĪ܏ܡ”ƸŊĪ“Chairܠżÿƣģ żÿƣģǝŏŧŧÿƠƠżŏŲƸÿŲŏŲģĪƠĪŲģĪŲƸģŏƣĪĜƸżƣƸżÿĜƸÿƫ ŊÿŏƣżłƸŊĪ¼ŊĪ ¦'NS¦F¼N/ ܏ڙ ܏ƠĪƣƫżŲǝżǀŧģĪǢĪƣĜŏƫĪŏŲĜżŰƠÿƣÿěŧĪĜŏƣĜǀŰƫƸÿŲĜĪƫ ģŏŧŏŃĪŲĜĪ ÿŲģ ƫŤŏŧŧ ƸŊÿƸ ÿ ƣĪÿƫżŲÿěŧǣ ƠƣǀģĪŲƸ ܉ÿŧƫż ĪǢĪƣĜŏƫĪ ƸŊĪ ĜÿƣĪ ǝŏƸŊÿǜŏĪǝƸżƸŊĪěĪƫƸŏŲƸĪƣĪƫƸƫżłƸŊĪ żŰƠÿŲǣ܏/ÿĜŊ'ŏƣĪĜƸżƣŰǀƫƸ ܉ĪÿĜŊ'ŏƣĪĜƸżƣŰǀƫƸÿĜƸŊżŲĪƫƸŧǣÿŲģŏŲŃżżģłÿŏƸŊ܉ŊŏƫżƣŊĪƣģǀƸŏĪƫ ŏŲģŏƫĜŊÿƣŃŏŲŃ܉ǀƫŏŲĪƫƫ żƣƠżƣÿƸŏżŲƫĜƸSŲÿĜĜżƣģÿŲĜĪǝŏƸŊƸŊĪ ÿŲÿģÿ ܏ÿŲģƫƸƣÿƸĪŃŏĜżǜĪƣƫŏŃŊƸǝŏƸŊÿǜŏĪǝƸżŏŲĜƣĪÿƫŏŲŃƫŊÿƣĪŊżŧģĪƣǜÿŧǀĪ ŲĪƫƫÿŲģÿǳłÿŏƣƫżłƸŊĪ żŰƠÿŲǣÿŲģŏƫĪǢƠĪĜƸĪģƸżłżĜǀƫżŲŃǀŏģÿŲĜĪ żÿƣģŏƫƣĪƫƠżŲƫŏěŧĪłżƣƫǀƠĪƣǜŏƫŏŲŃƸŊĪŰÿŲÿŃĪŰĪŲƸżłƸŊĪěǀƫŏ-¼ŊĪ ¦'ShS¼S/®F¼N/h/t'¦/®t®S¦ ܏ژ .Rights Agreement shall prevail ƸŊĪSŲǜĪƫƸżƣ܉ěĪƸǝĪĪŲƸŊŏƫrÿŲģÿƸĪÿŲģƸŊĪSŲǜĪƫƸżƣ¦ŏŃŊƸƫŃƣĪĪŰĪŲƸ ƠƣżǜŏƫŏżŲƫżłƸŊĪSŲǜĪƫƸżƣ¦ŏŃŊƸƫŃƣĪĪŰĪŲƸ܏SŲƸŊĪĪǜĪŲƸżłÿĜżŲǵŧŏĜƸ ƸŊĪƠƣżǜŏƫŏżŲƫżłƸŊĪrÿŲģÿƸĪŰÿǣěĪŰżģŏǿĪģżƣƫǀƠĪƣƫĪģĪģěǣƸŊĪ ƸŊĪ“Investor Rights Agreement”). Certain ofܠƠƣŏŲĜŏƠÿŧƫŊÿƣĪŊżŧģĪƣƫ ŏŲĜŧǀģŏŲŃƸŊĪŏŲǜĪƫƸżƣƣŏŃŊƸƫÿŃƣĪĪŰĪŲƸěĪƸǝĪĪŲƸŊĪ żŰƠÿŲǣÿŲģŏƸƫ ܉ÿŲģÿƠƠŧŏĜÿěŧĪÿŃƣĪĪŰĪŲƸƫ܉ƸŊĪĜżŲƫƸÿƸŏŲŃģżĜǀŰĪŲƸƫżłƸŊĪ żŰƠÿŲǣ ǀƫŏŲĪƫƫ żƣƠżƣÿƸŏżŲƫĜƸandżƣŃżǜĪƣŲĪģěǣƸŊĪ ÿŲÿģÿܕƠƣĪƫĜƣŏěĪģÿŲģ żÿƣģÿƣĪ ĪƣƸÿŏŲÿƫƠĪĜƸƫżłƸŊĪĜżŰƠżƫŏƸŏżŲÿŲģżƣŃÿŲŏǭÿƸŏżŲżłƸŊĪ charging its duties and responsibilities. żÿƣģŏŲģŏƫ-ÿƫƫżŰĪżłƸŊĪƠżŧŏĜŏĪƫÿŲģƠƣżĜĪģǀƣĪƫƸŊÿƸÿƠƠŧǣƸżƸŊĪ ÿƫǝĪŧŧ܉żÿƣģģĪƫĜƣŏěĪƸŊĪƠƣŏŲĜŏƠÿŧģǀƸŏĪƫÿŲģƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫżłƸŊĪ łżƣƸŊĪƫƸĪǝÿƣģƫŊŏƠżłƸŊĪ żŰƠÿŲǣ܏¼ŊĪƠǀƣƠżƫĪżłƸŊŏƫrÿŲģÿƸĪŏƫƸż are elected by the shareholders of the Company and are responsible ƸŊĪ“Company”)ܠżł¼ƣŏƠŧĪFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ܏ܡ”and the “Board ƸŊĪ“Directors”܉ƣĪƫƠĪĜƸŏǜĪŧǣܠ¼ŊĪŰĪŰěĪƣƫżłƸŊĪěżÿƣģżłģŏƣĪĜƸżƣƫ St¼¦'Ã ¼St ܏ڗ ܦܷ/¼'N/ܶrt¼ܠ®¦¼ /¦¦'F'Srt'¼/F¼N/ BOARD OF DIRECTORS MANDATE APPENDIX A Appendix A: Board of Directors Mandate

ڝڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG recommendation of the Compensation & ESG Committee. ƸŊĪĜżŰƠĪŲƫÿƸŏżŲżłƸŊĪĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣǀƠżŲ ÿŲģƫŊÿŧŧÿŧƫżÿƠƠƣżǜĪ܉żłƸŊĪĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣ ƫǀƠĪƣǜŏƫŏżŲÿŲģĪǜÿŧǀÿƸŏżŲ܉ÿƠƠżŏŲƸŰĪŲƸ܉ŏŲĜŧǀģŏŲŃƸŊĪƫĪŧĪĜƸŏżŲ ܉żÿƣģ ƫŊÿŧŧ ÿƠƠƣżǜĪ ƸŊĪ ƫǀĜĜĪƫƫŏżŲ ƠŧÿŲ łżƣ ƸŊĪ żŰƠÿŲǣ ŊĪ¼ ܡěܠ .create a culture of integrity throughout the organization ƠÿŲǣÿŲģƸŊÿƸƸŊĪ /ÿŲģżƸŊĪƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣ ƸżƸŊĪŏŲƸĪŃƣŏƸǣżłƸŊĪ /ÿŲģżƸŊĪƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰ- żÿƣģƫŊÿŧŧƸÿŤĪƫƸĪƠƫƸżƫÿƸŏƫłǣŏƸƫĪŧłÿƫŃżÿŧƫÿŲģżěšĪĜƸŏǜĪƫ܏¼ŊĪ /ÿŲģƣĪǜŏĪǝƸŊĪƠĪƣłżƣŰÿŲĜĪżłƸŊĪ /ÿŃÿŏŲƫƸƫǀĜŊĜżƣƠżƣÿƸĪ żÿƣģƫŊÿŧŧÿƠƠƣżǜĪƸŊĪĜżƣƠżƣÿƸĪŃżÿŧƫÿŲģżěšĪĜƸŏǜĪƫżłƸŊĪŊĪ¼ ܡÿܠ OF THE COMPANY AND SUPERVISION OF EXECUTIVE OFFICERS St¼r/t¼܉Ã /®®SthttStG® ܏ږڗ .and practices to the Compensation & ESG Committee ÿŲģ ģĪŧĪŃÿƸŏżŲ żł ƣŏƫŤƫ ÿƫƫżĜŏÿƸĪģ ǝŏƸŊ ĜżŰƠĪŲƫÿƸŏżŲ ƠżŧŏĜŏĪƫ ǿŲÿŲĜŏÿŧÿŲģƣĪŧÿƸĪģƣŏƫŤŰÿŲÿŃĪŰĪŲƸƸżƸŊĪǀģŏƸ żŰŰŏƸƸĪĪ ŏŲĜŧǀģŏŲŃ ģĪŧĪŃÿƸŏżŲ żł ܉ƠƣżĜĪģǀƣĪƫ Ƹż ÿģģƣĪƫƫ ƫƠĪĜŏǿĪģ ƣŏƫŤƫ ility for assessing and implementing appropriate policies and żÿƣģ ĜżŰŰŏƸƸĪĪƫ ƸŊĪ ƣĪƫƠżŲƫŏě- Űÿǣ ģĪŧĪŃÿƸĪ Ƹż ÿƠƠŧŏĜÿěŧĪ żÿƣģƸŊĪ܉żłĪǳłĪĜƸŏǜĪƣŏƫŤŰÿŲÿŃĪŰĪŲƸƠżŧŏĜŏĪƫÿŲģƠƣżĜĪģǀƣĪƫ of such risks. Pursuant to its duty to oversee the implementation ŰÿŲÿŃĪÿŲģŰŏƸŏŃÿƸĪƸŊĪŏŰƠÿĜƸ܉ƸżƫĪĪŤƸżĪǳłĪĜƸŏǜĪŧǣŰżŲŏƸżƣ oversee management’s implementation of appropriate systems for identifying the principal risks of the Company’s business and ƫŊÿŧŧěĪƣĪƫƠżŲƫŏěŧĪ܉ŏŲĜżŲšǀŲĜƸŏżŲǝŏƸŊŰÿŲÿŃĪŰĪŲƸ܉żÿƣģŊĪ¼ ܡěܠ ܏ÿŲģÿǳłÿŏƣƫ ƸŊĪ żƠƠżƣƸǀŲŏƸŏĪƫ ÿŲģ ƣŏƫŤƫ żł ƸŊĪ żŰƠÿŲǣܹƫ ěǀƫŏŲĪƫƫ ܉ƸŊŏŲŃƫ ÿŰżŲŃ żƸŊĪƣ ܉ÿ ƫƸƣÿƸĪŃŏĜ ƠŧÿŲ ǝŊŏĜŊ ƸÿŤĪƫ ŏŲƸż ÿĜĜżǀŲƸ ܉ěÿƫŏƫ ÿƸŧĪÿƫƸżŲÿŲÿŲŲǀÿŧ܉żÿƣģƫŊÿŧŧƣĪǜŏĪǝÿŲģÿƠƠƣżǜĪŃżÿŧƫ܏¼ŊĪ ĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣƸżÿĜŊŏĪǜĪƫǀĜŊżěšĪĜƸŏǜĪƫÿŲģ approve and modify as appropriate the strategies proposed by ܉żěšĪĜƸŏǜĪƫÿŲģŃżÿŧƫłżƣƸŊĪ żŰƠÿŲǣܹƫěǀƫŏŲĪƫƫÿŲģƫŊÿŧŧƣĪǜŏĪǝ żÿƣģƫŊÿŧŧÿģżƠƸÿƫƸƣÿƸĪŃŏĜƠŧÿŲŲŏŲŃƠƣżĜĪƫƫƸżĪƫƸÿěŧŏƫŊŊĪ¼ ܡÿܠ AND RISK MANAGEMENT GS httStG¦ /®®/¼¦¼® ܏ڟ .matters and associated delegated responsibilities retain its oversight function and ultimate responsibility for such ܉ŊżǝĪǜĪƣ܉żÿƣģǝŏŧŧĪǢƸĪŲƸƠĪƣŰŏƫƫŏěŧĪǀŲģĪƣÿƠƠŧŏĜÿěŧĪŧÿǝ܏¼ŊĪ Ƹż ĜżŰƠŧŏÿŲĜĪ ǝŏƸŊ ƸŊĪ SŲǜĪƫƸżƣ ¦ŏŃŊƸƫ ŃƣĪĪŰĪŲƸ ÿŲģ Ƹż ƸŊĪ ƫǀěšĪĜƸ܉ÿƫŏƸģĪĪŰƫÿƠƠƣżƠƣŏÿƸĪ܉ŰÿǣÿƠƠżŏŲƸżƸŊĪƣĜżŰŰŏƸƸĪĪƫ żÿƣģG żŰŰŏƸƸĪĪ܏¼ŊĪ®/ޠ żŰŰŏƸƸĪĪÿŲģƸŊĪ żŰƠĪŲƫÿƸŏżŲ ĜǀƣƣĪŲƸŧǣ ĜżŲƫŏƫƸŏŲŃ żł ƸŊĪ ǀģŏƸ ܉żÿƣģ ƸŊĪ ĜżŰŰŏƸƸĪĪƫ żł ƸŊĪ żÿƣģŰÿǣģĪŧĪŃÿƸĪĜĪƣƸÿŏŲŰÿƸƸĪƣƫŏƸŏƫƣĪƫƠżŲƫŏěŧĪłżƣƸżŊĪ¼ ܡěܠ ܏ƸŊĪěǀƫŏŲĪƫƫÿŲģÿǳłÿŏƣƫżłƸŊĪ żŰƠÿŲǣ of the Company the authority for the day-to-day management of ƸŊĪ“CEO”)ÿŲģģĪŧĪŃÿƸĪƸżƸŊĪ /ÿŲģżƸŊĪƣĪǢĪĜǀƸŏǜĪżǳǿĜĪƣƫܠ żÿƣģƫŊÿŧŧÿƠƠżŏŲƸƸŊĪĜŊŏĪłĪǢĪĜǀƸŏǜĪżǳǿĜĪƣżłƸŊĪ żŰƠÿŲǣŊĪ¼ ܡÿܠ ®/h/G¼St®t'¦ßhÃ¼N¦S¼S/' ܏ڞ .(gated by the Chair żƣÿŲżƸŊĪƣ'ŏƣĪĜƸżƣģĪŧĪ-ܠÿƸƸĪŲģÿŰĪĪƸŏŲŃŏłŏŲǜŏƸĪģěǣƸŊĪ Ŋÿŏƣ Ƹż ÿƸƸĪŲģ ŏƸƫ ŰĪĪƸŏŲŃƫ܏ /ǢĪĜǀƸŏǜĪ żǳǿĜĪƣƫ żł ƸŊĪ żŰƠÿŲǣ ƫŊÿŧŧ ÿŲǣżƸŊĪƣŏŲģŏǜŏģǀÿŧƫ܉ÿƸŏƸƫģŏƫĜƣĪƸŏżŲ܉ŰÿǣŏŲǜŏƸĪܡƸŏŰĪƸżƸŏŰĪ żƣ żƸŊĪƣ 'ŏƣĪĜƸżƣƫ ÿƫ ģĪŧĪŃÿƸĪģ ěǣ ƸŊĪ Ŋÿŏƣ łƣżŰܠ ŊĪ Ŋÿŏƣ¼ ܡģܠ ܏żŲÿƸŏŰĪŧǣěÿƫŏƫłżƣƣĪǜŏĪǝÿŲģÿƠƠƣżǜÿŧ żÿƣģƠƣżĜĪĪģŏŲŃƫÿƣĪŤĪƠƸÿŲģĜŏƣĜǀŧÿƸĪģƸŊÿƸƣĪŃǀŧÿƣŰŏŲǀƸĪƫżł ÿŲģłżƣĪŲƫǀƣŏŲŃ܉żÿƣģŰĪĪƸŏŲŃĪƫƸÿěŧŏƫŊĪģƸŊĪÿŃĪŲģÿłżƣĪÿĜŊ ŊĪ ŊÿŏƣƫŊÿŧŧěĪƣĪƫƠżŲƫŏěŧĪłżƣĪƫƸÿěŧŏƫŊŏŲŃżƣĜÿǀƫŏŲŃƸżěĪ¼ ܡĜܠ .as required ܉ŏŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣƫܫƸŏǜĪżǳǿĜĪƣƫżłƸŊĪ żŰƠÿŲǣÿŲģÿŲǣŲżŲ ÿƫƣĪƢǀŏƣĪģ܏¼ŊĪŏŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣƫŰÿǣŰĪĪƸǝŏƸŊżǀƸĪǢĪĜǀ- ܉ܡÿŲܶĪǢĪĜǀƸŏǜĪżǳǿĜĪƣܷ܉ĪÿĜŊܠrÿŲÿŃŏŲŃ'ŏƣĪĜƸżƣżłƸŊĪ żŰƠÿŲǣ żƣÿŲǣܕƣĪƫŏģĪŲƸÿŲģܫÿŲǣßŏĜĪ܉ŊŏĪłFŏŲÿŲĜŏÿŧǳǿĜĪƣ ܉ƸŏǜĪǳǿĜĪƣ ĪŰƠŧżǣĪĪ'ŏƣĪĜƸżƣƫŰÿǣŰĪĪƸǝŏƸŊżǀƸƸŊĪ ŊŏĪł/ǢĪĜǀ-ܫŊĪŲżŲ¼ ܡěܠ ܏żÿƣģܹƫƣĪƫƠżŲƫŏěŏŧŏƸŏĪƫƸżĪǳłĪĜƸŏǜĪŧǣĜÿƣƣǣżǀƸƸŊĪ the Chair may determine and as many times per year as necessary żÿƣģŰÿǣěĪŊĪŧģÿƸƫǀĜŊƸŏŰĪƫÿŲģƠŧÿĜĪƫÿƫŰĪĪƸŏŲŃƫżłƸŊĪ ܉SŲ ÿĜĜżƣģÿŲĜĪ ǝŏƸŊ ƸŊĪ ĜżŲƫƸÿƸŏŲŃ ģżĜǀŰĪŲƸƫ żł ƸŊĪ żŰƠÿŲǣ ܏żÿƣģƸżƸŊĪƣĪŃǀŧÿƸŏżŲżłƸŊĪŰĪĪƸŏŲŃƫÿŲģƠƣżĜĪĪģŏŲŃƫżłƸŊĪ provisions of the constating documents of the Company relating żÿƣģÿƣĪŃżǜĪƣŲĪģěǣƸŊĪŊĪƠƣżĜĪĪģŏŲŃƫÿŲģŰĪĪƸŏŲŃƫżłƸŊĪ¼ ܡÿܠ ®r//¼StG'¦ ܏ڝ .the Company’s securities are listed ÿěŧĪƫĪĜǀƣŏƸŏĪƫŧÿǝƫÿŲģƸŊĪƣǀŧĪƫżłÿŲǣƫƸżĜŤĪǢĜŊÿŲŃĪƫǀƠżŲǝŊŏĜŊ ŏƫĜŧżƫǀƣĪżł żƣƠżƣÿƸĪGżǜĪƣŲÿŲĜĪƣÿĜƸŏĜĪƫÿŲģÿŲǣżƸŊĪƣÿƠƠŧŏĜ-'ܨ ڍڌڍܫڔڑƫŏģĪƣĪģŏŲģĪƠĪŲģĪŲƸłżƣƸŊĪƠǀƣƠżƫĪƫżłtÿƸŏżŲÿŧSŲƫƸƣǀŰĪŲƸ 'ŏƣĪĜƸżƣƫŊÿŧŧěĪĜżŲƫŏģĪƣĪģŏŲģĪƠĪŲģĪŲƸŏłŊĪżƣƫŊĪǝżǀŧģěĪĜżŲ- ܏żÿƣģƫŊÿŧŧěĪĜżŰƠƣŏƫĪģżłÿŰÿšżƣŏƸǣżłŏŲģĪƠĪŲģĪŲƸ'ŏƣĪĜƸżƣƫ¼ŊĪ St'//t'/t / ܏ڜ Appendix A: Board of Directors Mandate

ڞڜ ¦rtG/r/t¼¦åæ S¦ Ãhڗژږژ¼¦Sh/FhG ܏żÿƣģłżƣĜżŲƫŏģĪƣÿƸŏżŲÿŲǣƠƣżƠżƫĪģĜŊÿŲŃĪƫƸżƸŊĪ ÿŧŧǣƣĪǜŏĪǝÿŲģÿƫƫĪƫƫƸŊĪÿģĪƢǀÿĜǣżłƸŊŏƫrÿŲģÿƸĪÿŲģƣĪĜżŰŰĪŲģ time to time and the Compensation & ESG Committee may periodic- żÿƣģŰÿǣƣĪǜŏĪǝÿŲģƣĪĜżŰŰĪŲģĜŊÿŲŃĪƫƸżƸŊĪrÿŲģÿƸĪłƣżŰ¼ŊĪ ܏ŧŏÿěŏŧŏƸǣǝŊÿƸƫżĪǜĪƣżŲƸŊĪŏƣƠÿƣƸ żƣ Ƹż ÿŲǣ żƸŊĪƣ ܉ĪŰƠŧżǣĪĪƫ żƣ żƸŊĪƣ ƠĪƣƫżŲƫ ܉ĜżŰƠĪƸŏƸżƣƫ ܉ƫǀƠƠŧŏĪƣƫ ܉ĜǀƫƸżŰĪƣƫ܉ƫĪĜǀƣŏƸǣŊżŧģĪƣƫ܉ƸżƫŊÿƣĪŊżŧģĪƣƫ܉żƣŏƸƫ'ŏƣĪĜƸżƣƫżƣżǳǿĜĪƣƫ is not intended to give rise to civil liability on the part of the Company ĪŏƸŊĪƣƠƣżƫƠĪĜƸŏǜĪŧǣżƣƣĪƸƣżƫƠĪĜƸŏǜĪŧǣ܏¼ŊŏƫrÿŲģÿƸĪ܉żłƸŊŏƫrÿŲģÿƸĪ ƠĪƣŰŏƸģĪƠÿƣƸǀƣĪƫłƣżŰƸŊĪƸĪƣŰƫ܉łƣżŰƸŏŰĪƸżƸŏŰĪ܉żÿƣģŰÿǣ¼ŊĪ ßS/àFrt'¼//¦ ܏ڜڗ ܏ŏłÿƠƠƣżƠƣŏÿƸĪ܉żǀƸƫŏģĪĜżŲƫǀŧƸÿŲƸƫ ÿĜĜżǀŲƸŏŲŃżƣżƸŊĪƣÿģǜŏƫżƣƫÿŲģ܉ƫƠĪĜŏÿŧŧĪŃÿŧ܉ÿŲģƣĪĜĪŏǜĪÿģǜŏĜĪłƣżŰ żÿƣģƫŊÿŧŧŊÿǜĪƸŊĪÿǀƸŊżƣŏƸǣƸżƣĪƸÿŏŲƸŊĪ܉SŲģŏƫĜŊÿƣŃŏŲŃŏƸƫŰÿŲģÿƸĪ St'//t'/t¼'ßS / ܏ڛڗ ܏ǝŏƸŊŊżŲĪƫƸǣÿŲģŏŲƸĪŃƣŏƸǣ ÿŲģĜżŲģǀĜƸƸŊĪ żŰƠÿŲǣܹƫěǀƫŏŲĪƫƫĪƸŊŏĜÿŧŧǣÿŲģ܉ƫĪĜǀƣŏƸŏĪƫÿƣĪŧŏƫƸĪģ ƣǀŧĪƫÿŲģƣĪŃǀŧÿƸŏżŲƫżłƸŊĪƫƸżĜŤĪǢĜŊÿŲŃĪƫǀƠżŲǝŊŏĜŊƸŊĪ żŰƠÿŲǣܹƫ ŏŲĜŧǀģŏŲŃƸŊĪ܉ƣǀŧĪƫÿŲģƣĪŃǀŧÿƸŏżŲƫ܉ĜżŰƠŧǣǝŏƸŊÿŧŧÿƠƠŧŏĜÿěŧĪŧÿǝƫ żǳǿĜĪƣƫÿŲģĪŰƠŧżǣĪĪƫ܉ƸżĪŲƫǀƣĪƸŊÿƸƸŊĪ żŰƠÿŲǣÿŲģŏƸƫ'ŏƣĪĜƸżƣƫ żÿƣģÿƣĪģĪƫŏŃŲĪģǀƣĪƫ܏¼ŊĪƠżŧŏĜŏĪƫÿŲģƠƣżĜĪģǀƣĪƫÿģżƠƸĪģěǣƸŊĪ żÿƣģ ƫŊÿŧŧ ÿģżƠƸ ÿŲģ ƠĪƣŏżģŏĜÿŧŧǣ ƣĪǜŏĪǝ ƠżŧŏĜŏĪƫ ÿŲģ ƠƣżĜĪģ- ¼ŊĪ hS S/®/¼¦¦ ܏ښڗ .shareholders on material issues żÿƣģ Ƹż ƣĪĜĪŏǜĪ łĪĪģěÿĜŤ łƣżŰ ƠƣżĜĪģǀƣĪƫ ģĪƫŏŃŲĪģ Ƹż ƠĪƣŰŏƸ ƸŊĪ żÿƣģ ƫŊÿŧŧ ÿģżƠƸ ÿƠƠƣżƠƣŏÿƸĪ ƸŊĪ ܉ƫĪĜǀƣŏƸŏĪƫ ÿƣĪ ŧŏƫƸĪģ܏ SŲ ÿģģŏƸŏżŲ ÿŲģ ƣĪŃǀŧÿƸŏżŲƫ żł ƸŊĪ ƫƸżĜŤ ĪǢĜŊÿŲŃĪƫ ǀƠżŲ ǝŊŏĜŊ ƸŊĪ żŰƠÿŲǣܹƫ ŏŲĜŧǀģŏŲŃƸŊĪƣǀŧĪƫ܉ƣĪŃǀŧÿƸŏżŲƫ܉ƣǀŧĪƫ܉ĜżŰƠŧŏĪƫǝŏƸŊÿŧŧÿƠƠŧŏĜÿěŧĪŧÿǝƫ żÿƣģǝŏŧŧƫĪĪŤƸżĪŲƫǀƣĪƸŊÿƸĜżƣƠżƣÿƸĪģŏƫĜŧżƫǀƣĪżłƸŊĪ żŰƠÿŲǣ¼ŊĪ AND COMMUNICATIONS S® h®Ã¦/'/¼¦¦ ܏ڙڗ ܏żǳłĪƣŏŲŃģżĜǀŰĪŲƸƫÿŲģżƸŊĪƣÿƠƠŧŏĜÿěŧĪģŏƫĜŧżƫǀƣĪ܉ƠƣżƫƠĪĜƸǀƫĪƫ ܉ÿŲŲǀÿŧƣĪƠżƣƸƫ܉ĪÿƣŲŏŲŃƫƠƣĪƫƫƣĪŧĪÿƫĪƫ܉ÿŲŲǀÿŧŏŲłżƣŰÿƸŏżŲłżƣŰƫ܉ŧÿƣƫ ŰÿŲÿŃĪŰĪŲƸ ƠƣżǢǣ ĜŏƣĜǀ- ܉ÿĜĜżŰƠÿŲǣŏŲŃ ƫǀĜŊ ǿŲÿŲĜŏÿŧ ƫƸÿƸĪŰĪŲƸƫ cial statements and related management’s discussion and analysis ŏŲƸĪƣŏŰǿŲÿŲ-܉ƸŊĪÿŲŲǀÿŧÿǀģŏƸĪģǿŲÿŲĜŏÿŧƫƸÿƸĪŰĪŲƸƫ܉ŲżƸŧŏŰŏƸĪģƸż ěǀƸÿƣĪ܉żłƸŊŏƫŰÿŲģÿƸĪ܏¼ŊĪƫĪŏŲĜŧǀģĪܡěܠڔŏŲÿĜĜżƣģÿŲĜĪǝŏƸŊ®ĪĜƸŏżŲ żÿƣģŰÿǣģĪŧĪŃÿƸĪǝŊŏĜŊƸŊĪ܉żÿƣģƸżÿƠƠƣżǜĪÿƣĪÿģǜŏƫÿěŧĪłżƣƸŊĪ żÿƣģƫŊÿŧŧÿƠƠƣżǜĪÿŧŧÿƠƠŧŏĜÿěŧĪƣĪŃǀŧÿƸżƣǣǿŧŏŲŃƫƸŊÿƸƣĪƢǀŏƣĪżƣ¼ŊĪ GÃh¼¦æFShStG®/¦ ܏ژڗ ܏żłƸŊĪ żŰƠÿŲǣܹƫĪǢƸĪƣŲÿŧǿŲÿŲĜŏÿŧƣĪƠżƣƸŏŲŃƠƣżĜĪƫƫĪƫ ģĪǿĜŏĪŲĜŏĪƫżƣĜŊÿŲŃĪƫŏŲŏŲƸĪƣŲÿŧĜżŲƸƣżŧÿŲģƸŊĪƢǀÿŧŏƸǣÿŲģŏŲƸĪŃƣŏƸǣ ŏŲĜŧǀģŏŲŃ ÿŲǣ ƫŏŃŲŏǿĜÿŲƸ ܉żł ŏŲƸĪƣŲÿŧ ĜżŲƸƣżŧ żǜĪƣ ǿŲÿŲĜŏÿŧ ƣĪƠżƣƸŏŲŃ ƸŊĪÿģĪƢǀÿĜǣÿŲģĪǳłĪĜƸŏǜĪŲĪƫƫżłƸŊĪ żŰƠÿŲǣܹƫƫǣƫƸĪŰ܉ żŰŰŏƸƸĪĪ ǝŏƸŊƸŊĪÿƫƫŏƫƸÿŲĜĪżłƸŊĪǀģŏƸ܉żÿƣģƫŊÿŧŧƣĪǜŏĪǝÿŲģŰżŲŏƸżƣ¼ŊĪ AND INTERNAL CONTROLS FStt Sh¦/¦¼StG ܏ڗڗ Appendix A: Board of Directors Mandate

Think of the environment, only print if necessary. ¼¦Sh/FhGr܏ r ĪƣŰǀģÿ܉ڍڍNÿŰŏŧƸżŲNr 1 Victoria Street ƸŊFŧżżƣڑ܉ ǀŰěĪƣŧÿŲģNżǀƫĪ ܏ƣŏƠŧĪFŧÿŃSŲƸĪƣŲÿƸŏżŲÿŧhƸģ¼ ڍ®ڎdڑÿŲÿģÿr ܉ŲƸÿƣŏż܉żƣżŲƸż¼ ڑڏڑڐǀŏƸĪ®܉ÿǣ®ƸƣĪĪƸڍڒڍ ¼' ÿŲÿģÿ¼ƣǀƫƸ¼żǝĪƣ ܏¼ƣŏƠŧĪFŧÿŃƣĪĜŏżǀƫrĪƸÿŧƫ żƣƠ ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰޟŤěżÿƣģ G®/ޠÿŧĪŲƸ¼܉ßŏĜĪƣĪƫŏģĪŲƸ żÿƣģfÿƸǣ HR & Sustainability ƸƣŏƠŧĪǵŧÿŃƠŰ܏ĜżŰޟŏƣ Investor Relations ޠǜÿŧǀÿƸŏżŲƫ/܉ßŏĜĪƣĪƫŏģĪŲƸ dÿŰĪƫ'ĪŲģŧĪ Investor Relations service@computershare.com ڌڌڎڕܫڏڒڎܡڒڍڐܠڍݬ܈Īŧ¼ ڏڑڎڒܫڐڒڑܡڌڌڔܠ܈żŧŧFƣĪĪ¼ ڍæڎdڑÿŲÿģÿr ܉t܉¼żƣżŲƸż ƸŊFŧżżƣڔ܉ÃŲŏǜĪƣƫŏƸǣǜĪŲǀĪڌڌڍ .Services Inc Computershare Investor Transfer Agent ÿŲÿģÿ ܉¼żƣżŲƸż ƣŏĜĪǝÿƸĪƣŊżǀƫĪ żżƠĪƣƫhh Auditors ܡÃ®ݕܠFr܏Ã¼܈żƣżŲƸż®ƸżĜŤ/ǢĜŊÿŲŃĪ¼ ܡݕ ܠFr¼܈¼żƣżŲƸż®ƸżĜŤ/ǢĜŊÿŲŃĪ Common Share Listings