Canadian Utilities Limited — Proxy Solicitation & Information Statement 2023

Mar 30, 2023

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NOTICE OF ANNUAL MEETING OF SHARE OWNERS

The Empire Ballroom When Wednesday, May 3, 2023 Where Fairmont Hotel Macdonald 10:00 a.m. 10065 - 100 Street Edmonton, Alberta

Business of the Meeting

The meeting's purpose is to:

1. Receive the consolidated financial statements for the year ended December 31, 2022, including the auditor’s report on the statements

2. Elect the directors

3. Appoint the auditor

4. Transact other business that may properly come before the meeting.

Holders of Class B common shares registered at the close of business on March 21, 2023 are entitled to vote at the meeting. The management proxy circular dated March 9, 2023 includes important information about what the meeting will cover and how to vote.

By order of the Board of Directors,

[Signed by Kyle M. Brunner]

K.M. Brunner

Senior Vice President, General Counsel & Corporate Secretary

Calgary, Alberta March 9, 2023

MANAGEMENT PROXY CIRCULAR

CANADIAN UTILITIES LIMITED