Michael Culbert

Good morning. My name is Mike Culbert, Director of ARC Resources, and I'm standing in for our Chair, Harold Kvisle, who was unable to attend today's meeting. On behalf of my fellow directors, I'd like to welcome you to ARC's 2026 Annual Meeting of the Shareholders.

Today, we'll focus on the matters of the meeting as outlined in the 2026 Notice of Annual Meeting of Shareholders. A special meeting will be held in July to vote on the definitive arrangement agreement that ARC has entered to be acquired by Shell. Meeting materials related to the proposed transaction will be mailed out to shareholders in June.

The meeting will now come to order. I will act as Chair of the meeting. I will ask Grant Zawalsky to act as Secretary of the meeting and both Stephen Bandola and Stephanie Tuss, representative of Computershare Company of Canada, to act as scrutineers.

I can confirm I have received the declaration from Computershare Trust Company of Canada as to the mailing of the meeting materials to our shareholders. The scrutineer's report has now been received, and I confirm that a quorum of shareholders is present at the meeting.

I declare that the meeting is regularly called and properly constituted for the transaction of business. We will conduct the voting by electronic ballot on the Lumi System. Instructions on how to ask questions and information regarding the voting procedure appear on the screen. If you have previously voted, you will not have to vote again when prompted. By voting again, you will revoke any previous vote made prior to