Enerplus Core Drilling and Production Overview

ENVIRONMENTAL, SOCIAL & GOVERNANCE Material focus areas EMISSIONS MANAGEMENT (1)(2) 2021 Performance ■35% methane emissions intensity reduction ■25% total GHG emissions intensity reduction Targets: Methane intensity ■30% reduction by 2025 50% reduction by 2030 WATER MANAGEMENT (1) 2021 Performance ■31% freshwater reduction per well completion in North Dakota Target: Produced water use ■ 50% or greater produced water used in well completions by 2025 HEALTH & SAFETY (¹) 2021 Performance ▪ Zero lost time injuries ■116 consecutive incident free days Target: LTIF(3) reduction ▪ 25% LTIF reduction, on average, from 2020-2023 Target: GHG intensity ■35% reduction by 2030 Water Management Emissions Management enerPLUS Health & Safety ESG MATERIAL FOCUS AREAS Culture Community Engagement 1) 2021 performance is relative to a 2019 baseline. Emissions targets are relative to a 2021 baseline. Water and Health & Safety targets are relative to a 2019 baseline. 2) Enerplus' GHG emissions reduction targets address scope 1 and 2 emissions. Scope 1 emissions are direct emissions from owned and operated facilities. Scope 2 emissions are indirect emissions from the generation of purchased energy for the Company's owned and operated facilities. 3) Lost Time Injury Frequency. 9

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