The Toronto Stock Exchange reports that Strathcona Resources Ltd. is expected to complete a plan of arrangement pursuant to Section 193 of the Business Corporations Act (Alberta) to make a special distribution of $10 per share, to be paid on or about Dec. 22, 2025. According to the TSX, shareholders may elect to receive the special distribution as a return of capital. The election deadline is 5 p.m. Calgary time on Dec. 16, 2025.

To make an election:

• Registered shareholders holding shares in certificated form must return both: (i) the election form; and (ii) the letter of transmittal and the share certificates by the election deadline to Odyssey Trust Company, at its principal office in Toronto.
• Registered shareholders holding shares through the direct registration system (DRS) must return only the election form to Odyssey Trust Company at its principal office in Toronto.
• Shareholders whose shares are held through an intermediary should follow any instructions provided to them by their intermediary (or contact their intermediary) in order to make an election. Such shareholders may be subject to earlier deadlines for submitting their election.

According to the TSX, shareholders who do not make a valid election prior to the election deadline will receive their special distribution as a dividend. Trades from 9:30 a.m. Toronto time on to 12 p.m. Toronto time on Dec. 16, 2025, will settle on the same day.

The TSX notes that all shares will be assigned a new Cusip number representing the shares without entitlement to the special distribution after the effective date. Closer to the effective date, a further TSX bulletin will confirm the substitutional listing of the new Cusip number and the exchange procedure to receive the new Cusip number for registered certificated shareholders. DRS holders need not take any action; the depositary will automatically issue new DRS statements to DRS holders reflecting the new Cusip number. Beneficial holders need not take any action as the accounts of such holders will be adjusted by their intermediary.

For more information, see the company's management information circular dated Oct. 28, 2025, and its news release dated Nov. 28, 2025, available on SEDAR+.