Aluula Composites Inc. — Proxy Solicitation & Information Statement 2026

Apr 2, 2026

ALUUJA COMPOSITES

ALUULA COMPOSITES INC.

300 - 4240 Glanford Ave Victoria, BC V8Z 4B8

NOTICE OF ANNUAL AND SPECIAL GENERAL MEETING OF SHAREHOLDERS

TAKE NOTICE that the annual and special general meeting of shareholders (the "Meeting") of Aluula Composites Inc. (the "Company") will be held at #300 - 4240 Glanford Avenue, Victoria, British Columbia, on Friday, April 24, 2026 at 9:00 a.m. (Pacific time) for the following purposes:

1. to receive the audited annual consolidated financial statements of the Company for the financial year ended October 31, 2025, together with the auditors' report thereon;
2. to fix the number of directors of the Company at seven (7) for the ensuing year;
3. to elect directors for the ensuing year;
4. to appoint Kingston Ross Pasnak LLP, Chartered Professional Accountants, as auditors for the Company for the ensuing year and to authorize the directors of the Company to fix the auditors remuneration for the ensuing year;
5. to consider and, if thought advisable, to pass, with or without variation, an ordinary resolution to re-approve the rolling 10% stock option plan, as more particularly described in the accompanying management information circular (the "Information Circular"); and
6. to transact any other business which may properly come before the Meeting, or any adjournment or postponement thereof.

Accompanying this notice of meeting is the Information Circular, a form of proxy ("Proxy") or Voting Instruction Form ("VIF"), and a form whereby shareholders can request to be added to the Company's supplemental mailing list. The Information Circular provides more detailed information relating to the matters to be addressed at the Meeting, and forms part of this Notice.

The board of directors have fixed the close of business on March 18, 2026 as the record date for determining the shareholders entitled to receive notice of, and to vote at, the Meeting or any adjournment or postponement thereof. A shareholder entitled to vote at the Meeting is entitled to appoint a proxyholder to attend and vote in his/her stead. If you are unable to attend the Meeting in person, please date, execute, and return the enclosed form of Proxy or VIF in accordance with the instructions set out in the notes to the Proxy or VIF and any accompanying information from your intermediary.

DATED at Vancouver, British Columbia, this 24th day of March, 2026.

ON BEHALF OF THE BOARD OF DIRECTORS OF ALUULA COMPOSITES INC.

By: (signed) "Peter Gustavson"
Peter Gustavson
Director & Chairman of the Board

These securityholder materials are being sent to both registered and non-registered owners of the securities. If you are a non-registered owner, and the Company or its agent has sent these materials directly to you, your name and address and information about your holdings of securities, have been obtained in accordance with applicable securities regulatory requirements from the intermediary holding on your behalf. By choosing to send these materials to you directly, the Company (and not the intermediary holding on your behalf) has assumed responsibility for (i) delivering these materials to you, and (ii) executing your proper voting instructions. Please return your voting instructions as specified in the request for voting instructions.