The Parex Advantage

Track Record of Returning Capital RETURN OF CAPITAL TRACK RECORD (CAD MM) (1) A USING FREE FUNDS FLOW TO LOWER THE SHARE COUNT (MM) $55 $300 2018A 2019A $230 2020A $334 $384 -$330 ~$1,635 164 162 148 2021A 2022A 2023F(2) Total 2017A 2018A Dividends Share Repurchases 2019A 134 122 110 2020A 2021A 2022A Fully Diluted Shares Outstanding Returned over C$1.3B to shareholders and reduced the float by ~33% since 2017 (1) See "Forward-Looking Statements and Financial Outlook" advisory. (2) Current dividend based on C$0.375 per share quarterly dividend as first approved on February 2, 2023; USD/CAD assumption: 0.74. 7

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