EQB Inc. — Proxy Solicitation & Information Statement 2020

Apr 8, 2020

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Notice of 2020 Annual Meeting of Shareholders

When

Where

Friday, May 15, 2020 10:00 a.m. (Eastern)

VIRTUAL only MEETING

via live audio webcast online at https://web.lumiagm.com/225652488

For the purposes of

1. receiving Equitable’s 2019 consolidated financial statements and the auditors’ report on the statements;

2. electing the directors for the ensuing year;

3. appointing KPMG LLP as auditors for the ensuing year and authorizing the directors to fix their remuneration;

4. considering any other business that may properly come before the meeting, and any adjournment thereof.

Only shareholders of record at the close of business on March 24, 2020 will be able to vote at the meeting.

This year, out of an abundance of caution to proactively deal with the unprecedented public health impact of the COVID-19 outbreak, and in order to comply with the measures imposed by the federal and provincial governments, Equitable is holding the meeting in a virtual-only format conducted by a live audio webcast. Registered shareholders and duly appointed proxyholders will have the opportunity to attend the meeting online, submit questions, and vote in real time provided they are connected to the Internet at all times and follow the instructions in the accompanying management information circular (circular). Nonregistered (or beneficial) shareholders who have not appointed themselves as proxyholder will be able to attend the meeting as guests, but will not be able to vote or ask questions. Shareholders will not be able to attend the meeting in person. See the section on How to Vote – At the virtual meeting on page 5 of the circular for detailed instructions.

Notice-and-Access

Equitable is using the “notice-and-access” rules adopted by Canadian securities regulators in an effort to be more environmentally friendly and reduce printing and mailing costs. Instead of receiving the notice of meeting, the circular and annual consolidated financial statements (meeting materials) by mail, registered and beneficial shareholders received a Notice of Availability of Proxy Materials for the meeting with instructions for accessing the meeting materials online and for requesting paper copies. Shareholders also received the form of proxy or voting instruction form permitting them to exercise their voting rights using the various voting methods provided.

The meeting materials can be viewed online at EnVision (www.envisionreports.com/EQB2020), on our website (www.equitablebank.ca) and on SEDAR (www.sedar.com).

Your vote is important

As a shareholder, it is very important that you read the circular carefully and then vote your shares. We recommend you vote by proxy using the various voting methods provided to ensure your vote is received prior to the meeting. Detailed voting instructions for registered and beneficial shareholders begin on page 5 of the circular. Your vote must be received by our transfer agent, Computershare Investor Services Inc., by 10:00 a.m. (Eastern Time) on May 13, 2020.

By order of the Board of Directors,

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Michael Mignardi Vice-President and General Counsel

March 31, 2020