FP Newspapers Inc. — AGM Information 2020

Jun 3, 2020

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NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual meeting (the “ Meeting ”) of Shareholders of FP Newspapers Inc. (the “ Corporation ”) will be held at 11:00 a.m. (Winnipeg, MB time) on June 26, 2020 at the Winnipeg Free Press Building, 1355 Mountain Avenue, Winnipeg, Manitoba for the following purposes:

1. to receive the financial statements of the Corporation for the year ended December 30, 2019 and the report of the auditors thereon;

2. to appoint auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors;

3. to elect directors;

4. to elect nominees of the Corporation to serve as directors of FPCN General Partner Inc.; and

5. to transact such other business as may properly come before the meeting and any and all adjournments thereof.

Specific details of the matters to be put before the Meeting are set forth in the accompanying Information Circular.

The record date (the “ Record Date ”) for determination of Shareholders entitled to receive notice of and to vote at the Meeting is May 12, 2020. Only Shareholders whose names have been entered in the securities register of the Corporation on the close of business on the Record Date will be entitled to receive notice of and to vote at the Meeting.

A Shareholder may attend the Meeting in person or may be represented by proxy. Shareholders who are unable to attend the Meeting or any adjournment thereof in person are requested to date, sign and return the accompanying form of proxy for use at the Meeting or any adjournment thereof. To be effective, the proxy must be received by AST Trust Company by no later than 12:00 p.m. (Eastern time) on June 24, 2020 or, if the Meeting is adjourned, 48 hours (excluding Saturdays and holidays) before any reconvened meeting.

If you are a non-registered holder of Shares and received these materials through your broker or another intermediary, please complete and return the form of proxy provided to you in accordance with the instructions provided by your broker or intermediary.

DATED at Winnipeg, Manitoba, this 15[th] day of May, 2020.

BY ORDER OF THE BOARD OF DIRECTORS OF FP NEWSPAPERS INC.

(signed) “Daniel Koshowski”

Chief Financial Officer, FP Newspapers Inc.