Calfrac Well Services Ltd. — Proxy Solicitation & Information Statement 2025

Apr 15, 2025

CALFRAC WELL SERVICES LTD.

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

The annual meeting (the "Meeting") of shareholders of Calfrac Well Services Ltd. (the "Company") will be held in the Devonian Room at the Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary, Alberta, on Thursday, May 15, 2025, at 1:30 p.m. for the following purposes:

(1) to receive the financial statements for the year ended December 31, 2024, and the auditor's report thereon;
(2) to elect directors;
(3) to appoint the auditor and authorize the directors to fix their remuneration;
(4) to transact such other business as may properly come before the Meeting or any adjournment thereof.

A shareholder may attend the Meeting in person or may be represented by proxy. Shareholders not attending the Meeting in person are requested to complete, date, and sign the accompanying form of proxy and return it in the envelope provided to Odyssey Trust Company, Attention: Proxy Department, Trader's Bank Building, 702, 67 Yonge Street, Toronto, Ontario M5E 1J8. To be valid and used, properly executed proxies must be received by Odyssey Trust Company of Canada not later than 1:30 p.m. (MDT) on Tuesday, May 13, 2025, or 48 hours (excluding Saturdays, Sundays and holidays) before any adjournment of the Meeting.

DATED March 31, 2025.

BY ORDER OF THE BOARD OF DIRECTORS

Signed "Jeff Ellis"

Jeff Ellis

General Counsel and Corporate Secretary