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 amend the articles of the company to facilitate the payment of a special distribution of $10 per share, to be paid on Dec. 22, 2025. Following the special distribution, the shares will be assigned new Cusip No. 862952 20 7, effective at the open on Dec. 23, 2025. There are no changes to terms of the shares and there will be no change to the stock symbol (SCR). The new Cusip number represents the shares without entitlement to the special distribution after the effective date.

According to the TSX, registered shareholders holding shares in certificated form must return a letter of transmittal and the share certificates to Odyssey Trust Company at its principal office in Toronto in order to receive the special distribution and a new share certificate or DRS statement reflecting the new Cusip number. Registered shareholders holding shares through the direct registration system (DRS) need not take any action in order to receive the special distribution and a new DRS statement reflecting the new Cusip number. The depositary will automatically issue new DRS statements reflecting the new Cusip number to DRS holders and pay the special distribution. Beneficial shareholders need not take any action to receive the special distribution or have their accounts updated to the new Cusip number because the intermediary will automatically process their accounts for the new Cusip number and pay the special distribution.

For more information, see the company's management information circular dated Oct. 28, 2025, and its news release dated Nov. 28, 2025. Also see the TSX bulletin dated Dec. 2, 2025, discussing the return of the election form and election deadline to receive the special distribution as a return of capital. If a valid election was not made, the special distribution will be paid as a dividend.