An anonymous director reports

TRANSALTA CORPORATION ANNOUNCES RESULTS OF THE ANNUAL MEETING OF SHAREHOLDERS AND ELECTION OF ALL DIRECTORS

TransAlta Corp. held its annual meeting of shareholders on April 25, 2024. The total number of common shares represented by shareholders at the meeting and by proxy was 194,587,285, representing 63.21 per cent of the company's outstanding common shares.

The following resolutions were considered by shareholders.

Election of directors

The 12 director nominees proposed by management were elected. The votes by ballot were received as shown in an attached table.

Appointment of auditor

The appointment of Ernst & Young LLP to serve as the auditor for 2024 was approved. The votes by ballot were received as shown in an attached table.

Votes for    Per cent    Withheld   Per cent

192,404,387    98.88%   2,182,897      1.12%  

Advisory vote on executive compensation (also known as say on pay)

The non-binding advisory vote on the company's approach to executive compensation or say on pay was approved. The votes by ballot were received as shown in an attached table.

Votes for    Per cent     Against   Per cent

187,077,751    99.02%   1,848,374      0.98% 

About TransAlta Corp.

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses, and utility customers with clean, affordable, energy-efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities where it operates and where the company's employees work and live. TransAlta aligns its corporate goals with the United Nations Sustainable Development Goals and the Future-Fit Business Benchmark (which also defines sustainable goals for businesses). The company's reporting on climate change management has been guided by the international financial reporting standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 66-per-cent reduction in greenhouse gas emissions or 21.3 million tonnes CO2e (carbon dioxide equivalent) since 2015 and received an upgraded MSCI ESG rating of AA.