Mr. Rich Kruger reports

SUNCOR ENERGY ANNOUNCES KENT FERGUSON AS NEW SENIOR VICE PRESIDENT OF STRATEGY, SUSTAINABILITY AND CORPORATE DEVELOPMENT

Kent Ferguson will be joining Suncor Energy Inc. in January, 2024, as senior vice-president, strategy, sustainability and corporate development, reporting directly to Rich Kruger, president and chief executive officer. The appointment of Mr. Ferguson concludes the reconfiguration of Suncor's executive leadership team.

Mr. Ferguson brings over 25 years of energy industry experience to the role, including an extensive understanding of the Canadian market. Throughout his career at RBC, Mr. Ferguson has had a variety of roles leading global and energy market activities. His most recent position was the managing director and co-head of global energy at RBC Capital Markets. While with RBC, Mr. Ferguson served as a driving force on a number of key initiatives, including indigenous finance, climate change, emissions, energy policy, sustainable finance, environmental markets, energy transition, as well as diversity and inclusion.

"Kent will be an outstanding addition to our executive leadership team," says Rich Kruger. "His expertise in strategy development and assessing shareholder value will be an excellent addition to the company's senior executive capabilities. He is well prepared to integrate our business planning, development, sustainability and commercial functions to drive our organization's strategy into the future."

Mr. Ferguson is a CFA, charterholder, CFA Institute, and holds a bachelor of commerce degree from the University of Saskatchewan.

About Suncor Energy Inc.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil and gas; 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 electric vehicle stations). Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels.