Mr. Ian Ashby reports

SUNCOR ENERGY REPORTS VOTING RESULTS FROM ANNUAL GENERAL MEETING

Suncor Energy Inc. held its annual general meeting in Calgary today. A total of 907,152,053 shares (approximately 68.50 per cent of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting.

Shareholders elected 13 board members (12 of whom are independent), with shares represented at the meeting voting in favour of individual directors, as shown in the attached table.

Shareholders appointed KPMG LLP as Suncor's auditor.

Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated March 24, 2023, was approved, with 96.42 per cent of shares represented at the meeting voting in favour.

The resolution requesting Suncor produce a report outlining how its capital expenditure plans align with its 2030 emission reductions target and its 2050 net-zero target was denied, with 82.29 per cent of shares represented at the meeting voting against the proposal, in line with management's recommendation.

Note that the biographies of board members and further details about Suncor's corporate governance practices are available on the company's website.

An archive of the webcast of the meeting will be available for the next 90 days on the company's website.

Suncor is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States, and the company's Petro-Canada retail and wholesale distribution networks, including Canada's electric highway, a coast-to-coast network of fast-charging EV (electric vehicle) stations. Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability Index, FTSE4Good and CDP. Suncor's common shares are listed on the Toronto Stock Exchange and the New York Stock Exchange.