Exco Technologies Limited — Proxy Solicitation & Information Statement 2021

Dec 7, 2021

==> picture [207 x 46] intentionally omitted <==

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

When

Items of Business

Wednesday, January 26, 2022 at 4:30 PM (Toronto time)

Where

Virtual only meeting via live webcast online at https://virtual-meetings.tsxtrust.com/1235. Password: exco2022.

We hope that hosting a virtual meeting helps enable greater participation by our shareholders by allowing shareholders that might not otherwise be able to travel to a physical meeting to attend online.

1. to receive the Exco Financial Statements for the year ended September 30, 2021, together with the report of the auditor thereon;

2. to appoint the auditor for the ensuing year and to authorize the directors to fix the auditor’s remuneration;

3. to elect directors for the ensuing year;

Voting your Common Shares

The management information circular (the “Information Circular”) dated December 7, 2021 contains information relating to the matters to be brought before the meeting, as well as other annual disclosure, and voting instructions.

Holders of common shares of Exco Technologies Limited of record at the close of business on December 7, 2021 will receive notice of, and be entitled to virtually attend and vote at, the annual meeting of shareholders on Wednesday, January 26, 2022 or any adjournment(s) thereof, all in real time, provided they are connected to the internet and comply with the requirements set out in the Information Circular.

1. to transact such other business as may properly come before the meeting or any adjournment thereof.

==> picture [40 x 39] intentionally omitted <==

Shareholder Questions

Your Vote is Important!

If you have any questions with respect to voting your common shares before the proxy deposit deadline, please contact Exco’s transfer agent and registrar, TSX Trust Company, Proxy Department, 100 Adelaide Street West, Suite 301, Toronto, Ontario, M5H 4H1 at 1-866-600-5869 or email TMXEInvestorServices@tmx.com. (the “Transfer Agent”).

By Order of the Board of Directors,

Please submit your vote in advance of the proxy deposit deadline of 4:30pm (Toronto Time) on Monday, January 24, 2022.

Matthew Posno VP Finance, CFO and Secretary Toronto, Ontario December 16th 2021

About Notice and Access

Exco has elected to use the notice-and-access rules adopted by Canadian Securities Administrators in an effort to be more environmentally friendly and reduce printing and mailing costs by reducing the volume of materials that must be physically mailed to our shareholders. Exco will instead post the information circular and any additional materials online. Shareholders will still receive this Notice of Meeting and a form of proxy and may choose to receive a hard copy of the information circular. Exco will not use procedures known as “stratification”. Stratification occurs when a reporting issuer using the notice-and-access provisions provides a paper copy of the information circular to some shareholders with the notice package. In relation to the Meeting, all Exco shareholders will receive the required documentation under the notice-and-access provisions, which will not include a paper copy of the information circular. The Meeting material can be viewed online at https://docs.tsxtrust.com/2086 or under Exco’s profile on SEDAR (www.sedar.com).