Magellan Aerospace Corporation — Proxy Solicitation & Information Statement 2025

Apr 3, 2025

MAGELLAN
A E R O S P A C E

NOTICE OF 2025 ANNUAL MEETING OF SHAREHOLDERS

When

Tuesday, May 6, 2025
11:00 a.m. Eastern Time

Where

Magellan Aerospace
3160 Derry Road East
Mississauga, ON L4T 1A9

Your Vote is important

If you held common shares of Magellan Aerospace Corporation (the "Corporation") on March 21, 2025 (the "Record Date"), you are entitled to receive notice of and vote at the annual meeting of shareholders (the "Meeting").

You can vote in advance or at the Meeting. We encourage shareholders to vote by proxy in advance of the Meeting because that is the easiest way to vote your shares.

See pages 5 through 7 of the attached management proxy circular for information about how to vote. To be valid, Computershare Investor Services Inc., our transfer agent, must receive your voting instructions before 11:00 a.m. on EST on Friday, May 2, 2025.

The Corporation has elected to use the notice-and-access to deliver the meeting materials to shareholders. This means that the Corporation will post the meeting materials online for shareholders to access electronically. You will receive a package in the mail with a notification explaining how to access the meeting materials electronically and how to request a paper copy at no charge. Your package will include a proxy form or a voting instruction form so you can vote your shares. Electronic delivery reduces the cost and environmental impact of producing and distribution paper copies and provides shareholders with faster access to information.

Please read the proxy materials carefully. The Corporation appreciates your cooperation in considering and acting on the matters presented.

By Order of the Board of Directors of the Corporation

Elena M. Milantoni
Chief Financial Officer and Corporate Secretary
Mississauga, Ontario
March 21, 2025

FOR MORE INFORMATION

At Meeting, the shareholders will:
- receive the consolidated financial statements of the Corporation for its financial year ended December 31, 2024, together with the report of the auditors thereon;
- elect the directors of the Corporation for the ensuing year;
- appoint the auditors for the ensuing year and authorize the directors to fix their remuneration; and
- consider any other business as may properly come before the Meeting.

Read more about the business of the Meeting beginning on page 3 of the attached management proxy circular.

Access our 2024 annual report and other documents and information online:
- magellan.aero
- sedarplus.com (SEDAR+)

COMMON SHARES OUTSTANDING

57,138,980	at December 31, 2024
57,138,580	at March 21, 2025

TRANSFER AGENT

If you have questions or require assistance voting, please contact:
Computershare Investor Services Inc.
100 University Avenue, 8th Floor
Toronto, ON M5J 2Y1
1-800-564-6253