EQB Inc. — Proxy Solicitation & Information Statement 2024

Mar 4, 2024

EQB Equitable Bank 69 Bank

Notice of Availability of Proxy Materials for EQB Inc. Annual and Special Meeting

Meeting Date and Time: Wednesday, April 10, 2024 at 10:00 a.m. (Eastern)

Location: VIRTUAL-only meeting

Please be advised that the proxy materials for the above noted securityholder meeting are available for viewing and downloading online. This document provides an overview of these materials, but you are reminded to access and review the information circular and other proxy materials available online prior to voting. These materials are available at:

https://odysseytrust.com/client/eqb-inc/

OR

www.sedarplus.ca

Obtaining Paper Copies of the Proxy Materials

Securityholders may request to receive paper copies of the proxy materials related to the above referenced meeting by mail at no cost. Requests for paper copies must be received by March 29, 2024 in order to receive the paper copy in advance of the meeting. Shareholders may request to receive a paper copy of the Materials for up to one year from the date the Materials were filed on www.sedar.com.

For more information regarding notice-and-access or to obtain a paper copy of the Materials you may contact our transfer agent, Odyssey Trust Company, via www.odysseycontact.com or by phone at 1-888-290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America).

Notice of Meeting

The resolutions to be voted on at the meeting, described in detail in the Management Information Circular, are as follows:

1. Elect 11 directors to serve until the close of the next annual meeting of shareholders;
2. Appoint KPMG LLP as auditors to serve until the next annual meeting of shareholders and authorize the directors to fix their remuneration;
3. Approve an amendment to the Share Option Plan to increase the maximum number of common shares issuable thereunder to 5.15 million common shares;
4. Approve an amendment to the Treasury Share Unit Plan to increase the maximum number of common shares issuable thereunder to 500,000 common shares;
5. Approve by special resolution an amendment to EQB's articles to increase the maximum number of directors from twelve (12) to fourteen (14); and
6. Vote on a non-binding advisory resolution to accept EQB's approach to executive compensation.

Voting

To vote your securities, please refer to the instructions on the enclosed Proxy or Voting Instruction Form. Your Proxy or Voting Instruction Form must be received by 10:00 a.m. (Eastern) on Monday, April 8, 2024.

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Stratification

The Issuer is providing paper copies of its Management Information Circular only to those registered shareholders and beneficial shareholders that have previously requested to receive paper materials.

Annual Financial Statements

The Issuer is providing paper copies or emailing electronic copies of its annual financial statements to registered shareholders and beneficial shareholders that have opted to receive annual financial statements and have indicated a preference for either delivery method.