FIRSTSERVICE CORPORATION — AGM Information 2021

Mar 16, 2021

==> picture [112 x 33] intentionally omitted <==

==> picture [112 x 34] intentionally omitted <==

==> picture [112 x 34] intentionally omitted <==

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual and special meeting (the “ Meeting ”) of the shareholders of FirstService Corporation (“ FirstService ”) will be held at FirstService’s head office, located at 1255 Bay Street, Suite 600, Toronto, Ontario M5R 2A9, on Tuesday, April 6, 2021, at 4:00 p.m. (Toronto time) for the following purposes:

1. to receive the audited consolidated financial statements of FirstService for the year ended December 31, 2020 and the report of the auditors’ thereon;

2. to appoint PricewaterhouseCoopers LLP as independent auditors of FirstService and to authorize the directors to fix their remuneration;

3. to elect the directors of FirstService for the ensuing year;

4. to consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution approving an amendment to the FirstService stock option plan to increase the maximum number of common shares reserved for issuance pursuant to the exercise of stock options granted thereunder, and to ratify and approve the issuance of certain stock options granted to FirstService employees, all as more particularly set forth and described in the Management Information Circular (the “ Circular ”) accompanying this notice;

5. to consider and, if deemed advisable, pass a non-binding advisory resolution on FirstService’s approach to executive compensation; and

6. to transact such further or other business as may properly come before the Meeting or any adjournment(s) or postponement(s) thereof.

The board of directors of FirstService has fixed the close of business on Friday, March 5, 2021 as the record date for determining shareholders of record who are entitled to receive notice of the Meeting and to attend and vote at the Meeting, or at any adjournment(s) or postponement(s) thereof.

In light of the evolving news, guidelines and requirements related to COVID-19, FirstService will be strictly restricting physical access to the Meeting to registered shareholders and formally appointed proxyholders, and will not be permitting any others (including beneficial shareholders that hold their shares through a broker or other intermediary) to attend. FirstService asks that, in considering whether to attend the Meeting in person, registered shareholders and formally appointed proxyholders follow, among other things, the instructions of the Public Health Agency of Canada and any applicable additional provincial and local instructions, guidelines and requirements. All shareholders are strongly encouraged to vote prior to the Meeting by any of the means described in the Circular, the form of proxy or other materials provided by an intermediary. Registered shareholders and formally appointed proxyholders who nonetheless wish to attend in person may be subject to health screening procedures at the entrance and will be asked, at a minimum, to socially distance themselves from others at the Meeting.

Shareholders and any other interested persons who are unable or not permitted to attend the Meeting in person have the opportunity to listen to the Meeting live through a live audio webcast. The details concerning the live audio webcast will be provided on FirstService’s website at www.firstservice.com prior to the Meeting. A recorded version of the Meeting webcast will also be made available on FirstService’s website following the Meeting.

FirstService reserves the right to take any additional precautionary measures it deems appropriate in relation to the Meeting in response to further developments in respect of the COVID-19 outbreak, including, if FirstService considers it necessary or advisable, hosting the Meeting solely by means of remote communication. Changes to the Meeting date and/or means of holding the Meeting may be announced by way of press release. Please monitor FirstService’s press releases as well as FirstService’s website at www.firstservice.com for updated information.

• ii -

FirstService does not intend to prepare or mail an amended notice and/or Circular in the event of changes to the Meeting date or format.

If you are a registered shareholder and are unable or elect not to attend the Meeting in person, please complete, sign, date and return the enclosed form of proxy to TSX Trust Company, 301 - 100 Adelaide Street West, Toronto, Ontario M5H 4H1, or by facsimile to 416-595-9593, or complete the form of proxy by such other method as is identified, and pursuant to any instructions contained, in the form of proxy. In order to be valid for use at the Meeting, proxies must be received not less than 48 hours (excluding Saturdays, Sundays and holidays) prior to the Meeting or any adjournment(s) or postponement(s) thereof.

If you are a non-registered shareholder and receive these materials through your broker or through another intermediary, please complete and return the materials in accordance with the instructions provided to you by your broker or such other intermediary. If you are a non-registered shareholder and do not complete and return the materials in accordance with such instructions, you may lose the right to vote at the Meeting.

Further information with respect to voting by proxy is included in the accompanying Circular.

DATED at Toronto, Ontario this 19[th] day of February, 2021.

By Order of the Board of Directors

==> picture [94 x 41] intentionally omitted <==

DOUGLAS G. COOKE Senior Vice President, Corporate Controller and Corporate Secretary