Cascades Inc. — Proxy Solicitation & Information Statement 2025

Mar 28, 2025

NOTICE OF ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF CASCADES INC.

TO THE SHAREHOLDERS OF CASCADES INC.

Notice is hereby given that the Annual General Meeting of the Shareholders (the "Meeting") of Cascades Inc. (the "Corporation" or "Cascades") will be held in a virtual format via live webcast online at https://meetings.lumiconnect.com/400-681-674-476, on Thursday, May 8, 2025 commencing at 11:00 a.m., Eastern Daylight Time ("EDT"), for the following purposes:

1. To receive the consolidated financial statements of the Corporation for the fiscal year ended December 31, 2024, and the Independent Auditor's report thereon;
2. To elect the directors of the Corporation for the ensuing year;
3. To appoint the Independent Auditor of the Corporation for the ensuing year and authorize the Board of Directors to fix their remuneration;
4. To consider and, if deemed advisable, approve, on an advisory basis, a resolution accepting the Corporation's approach to executive compensation;
5. To consider the shareholder proposals set forth in Schedule A to the Management Proxy Circular; and
6. To transact such other business as may properly be brought before the Meeting or any adjournment thereof.

The specific details of the foregoing matters to be put before the Meeting are set forth in the accompanying Management Proxy Circular. Shareholders who are unable to attend the Meeting are requested to complete, date, sign and deliver the enclosed proxy form to Computershare Investor Services Inc., no later than Tuesday, May 6, 2025 at 5:00 p.m., EDT, in the envelope provided for that purpose.

Shareholders may register and log into the live webcast platform from 10:00 a.m. EDT. We would appreciate your early registration so that the Meeting may start promptly at 11:00 a.m. EDT.

Shareholders may contact Kingsdale Advisors, the Corporation's strategic advisor by telephone at 1-800-395-7251 (toll-free in North America) or 1-437-561-5038 (text and call enabled outside North America), or by email at contactus@kingsdaleadvisors.com.

Kingsey Falls, Québec, March 14, 2025.

By Order of the Board of Directors,

Michael Guerra
CORPORATE SECRETARY

Cascades Management Proxy Circular