ACT Energy Technologies Ltd. — Proxy Solicitation & Information Statement 2026

Mar 31, 2026

ACT ENERGY TECHNOLOGIES

ACT ENERGY TECHNOLOGIES LTD.

6030 - 3rd Street S.E.
Calgary, Alberta T2H 1K2

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual meeting (the "Meeting") of the holders (the "Shareholders") of common shares (the "Common Shares") of ACT ENERGY TECHNOLOGIES LTD. ("ACT" or the "Corporation") will be held at ACT'S head office which is located at 6030 – 3rd Street S.E., Calgary, Alberta, Canada at 3:30 p.m. (Mountain Time) on Thursday, May 7, 2026, for the following purposes:

1. To receive the consolidated financial statements of ACT for the year ended December 31, 2025, together with the auditor's report thereon;
2. To fix the number of directors (collectively, the "Directors") of ACT to be elected at the Meeting at seven (7) and to elect the Directors of ACT to hold office until the next annual meeting of Shareholders;
3. To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the auditors of ACT until the next annual meeting of Shareholders and to authorize the Directors to fix their remuneration for the ensuing year; and
4. To transact such further and other business as may properly come before the Meeting or any adjournment thereof.

The Information Circular should be consulted for further details on matters to be acted upon.

This Notice of Meeting is accompanied by the Information Circular and a form of proxy ("Form of Proxy"). The Information Circular is expressly made part of this Notice of Meeting. Capitalized words that are not otherwise defined in this Notice of Meeting shall have the meaning set out in the Information Circular.

Only holders of Common Shares of ACT of record at the close of business on March 20, 2026 are entitled to notice of the Meeting, and only those holders of the Common Shares of ACT of record at the close of business on March 20, 2026 or who subsequently become Shareholders and comply with the provisions of the Business Corporations Act (Alberta) are entitled to vote at the Meeting.

DATED at Calgary, Alberta, this 25th day of March, 2026.

BY ORDER OF THE BOARD OF DIRECTORS OF ACT ENERGY TECHNOLOGIES LTD.

"Thomas Connors"
Thomas Connors
President, Chief Executive Officer and Director

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If you are a registered Shareholder, please complete and submit the enclosed Form of Proxy or other appropriate form of proxy. Completed forms of proxy must be received by Odyssey Trust Company, at 67 Yonge Street, Suite 702, Toronto, Ontario M5E 1J8, Attention: Proxy Department or by fax at (800) 517-4553, not less than 48 hours, excluding Saturdays, Sundays and statutory holidays in the Province of Alberta, preceding the Meeting or any adjournment or postponement thereof. You may also vote by internet voting at: https://vote.odysseytrust.com; provided that you do so not less than 48 hours, excluding Saturdays, Sundays and statutory holidays in the Province of Alberta, preceding the Meeting or any adjournment or postponement thereof. A vote submitted via the internet must be received by 3:30 p.m. (Mountain time) on Tuesday, May 5, 2026 or at least 48 hours (excluding Saturdays, Sundays and statutory holidays in the Province of Alberta) prior to the time set for any adjournment(s) or postponement(s) of the Meeting. In order to be valid, forms of proxy must be returned not less than 48 hours (excluding Saturdays, Sundays and statutory holidays in the Province of Alberta) prior to the time set for the Meeting or any adjournment(s) or postponement(s) thereof.

If you are a beneficial Shareholder, you can vote via email, phone, fax, internet, mail, or in-person. Please complete the voting instruction form from your intermediary/broker/agent and follow the instructions set out under "Advice to Beneficial Holders of Common Shares" in the Information Circular. A vote submitted via the internet must be received by 3:30 p.m. (Mountain time) on Tuesday, May 5, 2026 or at least 48 hours (excluding Saturdays, Sundays and statutory holidays in the Province of Alberta) prior to the time set for any adjournment(s) or postponement(s) of the Meeting. In order to be valid, forms of proxy must be returned not less than 48 hours (excluding Saturdays, Sundays and statutory holidays in the Province of Alberta) prior to the time set for the Meeting or any adjournment(s) or postponement(s) thereof.

• Telephone: Call 1-800-474-7493 (English) or 1-800-474-7501 (French) and provide your 16-digit control number located on your voting instruction form. If you vote by telephone, you cannot appoint anyone other than the appointees named on your voting instruction form as your proxyholder.
• Online: Go to www.proxyvote.com and enter your 16-digit control number located on your voting instruction form.
• Mail: Complete, sign and date your voting instruction form and return it in the envelope provided to:

Data Processing Centre
PO Box 3700 STN Industrial Park
Markham ON L3R 9Z9

Centre De Traitement Des Donnees
CP 3700 STN Industrial Park
Markham ON L3R 9Z9