Mr. Richard Kruger reports

SUNCOR ENERGY REPORTS VOTING RESULTS FROM ANNUAL GENERAL MEETING

Suncor Energy Inc. held its annual general meeting in Calgary today. A total of 877,654,867 shares (approximately 68.19 per cent of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting.

1. Shareholders elected 11 board members (10 of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows.

Ian R. Ashby:  99.88 per cent

Patricia M. Bedient:  99.03 per cent

Russell K. Girling:  97.40 per cent

Jean Paul Gladu:  97.67 per cent

Richard M. Kruger:  99.91 per cent

Brian P. MacDonald:  99.01 per cent

Lorraine Mitchelmore:  95.97 per cent

Jane L. Peverett:  98.86 per cent

Daniel Romasko:  99.87 per cent

Christopher R. Seasons:  99.23 per cent

M. Jacqueline Sheppard:  98.87 per cent

2. Shareholders appointed KPMG LLP as Suncor's auditor.

3. Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated Feb. 21, 2024, was approved with 87.18 per cent of shares represented at the meeting voting in favour.

4. The resolution requesting Suncor end its pledge to be net zero by 2050 was denied with 98.92 per cent of shares represented at the meeting voting against the proposal, in line with management's recommendation.

5. The resolution requesting Suncor disclose audited results assessing a range of climate transition scenarios was denied with 88.45 per cent of shares represented at the meeting voting against the proposal, in line with management's recommendation.

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

An archive of the webcast of the meeting will be available for the next 90 days at the Suncor website.

Suncor is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil 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 electric vehicle stations). Suncor is developing petroleum resources while advancing the transition to a low-emission future through investments in power and renewable fuels. Suncor also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.