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tc⚫ RETURNING CAPITAL TO SHAREHOLDERS Dividend yield¹ 6.1% Vs. a Dividend Yield of 3.2% for the TSX composite index انا Growth 9.8% Average Annual Dividend Growth Rate (1993-2022) Dividend yield calculated as at June 16th 2023 Payout ratio (average 5 years) = Dividends per Share /Earnings per Share Payout Ratio² ~51% Dividend Supported by Strong Cash Flow Generation and Profitability ཥ Track Record 30 Years Distributing a Quarterly Dividend Since 1993 24 | tc ● TRANSCONTINENTAL

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