Keyera Corp. — Proxy Solicitation & Information Statement 2026

Apr 14, 2026

Notice of 2026 Annual and Special Meeting of Shareholders

WHEN

Thursday, May 14, 2026
10:00 a.m. MDT (Mountain Daylight Time)

WHERE

In-Person at: Lumi Experience Studio
Suite 1410, 225 6 Ave SW, Calgary, AB T2P 3S9

Or virtually at:
https://meetings.lumiconnect.com/400-290-456-962

Items of business at the meeting

The 2026 annual and special meeting of shareholders (the "meeting") will address the following items of business:

1. Receive Keyera Corp.'s consolidated financial statements for the financial year ended December 31, 2025,
2. Election of our directors,
3. Appointment of Deloitte LLP as our independent auditors and authorize the directors to fix their remuneration,
4. Reconfirm and approve our Shareholder Rights Plan,
5. Hold a non-binding, advisory vote on our approach to executive compensation, and
6. Any other business that may be properly brought before the meeting.

The Board of Directors of Keyera Corp. recommends all shareholders vote FOR all resolutions on the business items listed above.

Who can vote?

You are entitled to receive notice of, and vote at, the meeting if you held Keyera common shares at close of business on March 26, 2026.

Notice of 2026 Meeting

The management information circular dated March 26, 2026 ("circular") contains information relating to the items of business to be brought before the meeting, as well as other annual disclosure. Please review all information contained in the circular before voting.

A Notice of Availability of Proxy Materials for the 2026 Annual and Special Meeting of Shareholders of Keyera Corp. (the "notice") is being mailed to beneficial shareholders on or about April 9, 2026.

We are providing beneficial shareholders with access to the circular and related meeting materials via the internet using the Notice and Access system ("notice and access"). These materials are available on our website at www.keyera.com or under our profile on SEDAR+ at www.sedarplus.ca. Information on notice and access is provided at page 9 of the attached circular.

Voting and proxies

You can vote your shares by using the proxy form or voting instruction form in the materials mailed to you. Information on how to vote your shares at the meeting or appoint someone to serve as your proxyholder and vote your shares on your behalf, is provided starting at page 13 of the attached circular.

Attending the meeting in person or virtually allows registered shareholders and appointed proxyholders to participate in the meeting, ask questions, and vote, all in real time, provided they comply with the requirements in the attached circular. The hybrid format allows flexibility and provides shareholders with an opportunity to participate in the meeting in the manner they prefer. Joining online will not impact your ability to participate in the meeting by voting or asking questions. Non-registered (or beneficial) shareholders who have not duly appointed themselves as proxyholder may attend the meeting as guests, however, are unable to vote at the meeting.

The Board of Directors has approved the contents of this notice and authorized us to send this information to our shareholders, directors, and auditors.

By order of the Board of Directors,
Dated at Calgary, Alberta this 26th day of March 2026.

KEYERA CORP.

(signed) "Christy Elliott"
Christy Elliott
SVP, Sustainability, External Affairs,
General Counsel & Corporate Secretary
Calgary, Alberta