Whitecap Resources (WCP) EGM 2025 summary

Opening remarks and agenda

• Meeting convened virtually, allowing shareholders and proxy holders to vote and submit questions via the Lumi platform.

• Chair confirmed quorum and proper constitution of the meeting, with formalities completed before proceeding to business.

• Special shareholder meetings were held virtually to vote on the proposed business combination between two entities.

Specific resolutions to be voted on

• Sole agenda item was approval of a share issuance resolution to satisfy obligations related to a business combination with Veren Inc.

• Approval of the issuance of new common shares to facilitate the business combination.

• Approval of the business combination itself by both sets of shareholders.

• The resolution was moved and seconded, with no questions submitted by shareholders.

• Voting was conducted electronically, and the resolution was approved by more than the requisite majority.

Overview of voting outcomes

• 88.72% of votes cast approved the share issuance for the combination.

• 99.78% of votes cast approved the business combination.

• Share issuance resolution passed with more than the required majority, enabling the business combination.