Melcor Developments Ltd. — Regulatory Filings 2021

Apr 19, 2021

NOTICE & ACCESS NOTIFICATION TO SHAREHOLDERS for Melcor Developments Ltd. AGM

You are receiving this notification because Melcor Developments Ltd. (Melcor) has opted to use the notice and access model for delivery of meeting materials to its shareholders. Under notice and access, shareholders receive a form of proxy enabling them to vote at Melcor’s annual & special meeting (the Meeting). However, instead of a paper copy of the Management Information Circular (the Circular), shareholders receive this notice, which supplies instructions for accessing Meeting Materials electronically.

This will help reduce paper use and also reduce the cost of printing and mailing materials to shareholders.

MEETING DATE AND LOCATION

Thursday, May 20, 2021 | 11:00 AM MT MDT

Annual & Special Virtual Meeting:

https://web.lumiagm.com/407772307

Password: melcor2021 (case sensitive)

WHERE TO FIND MEETING MATERIALS

The Meeting Materials can be viewed online at www.SEDAR.com or at www.melcor.ca/2021AGM.

PAPER COPIES OF MEETING MATERIALS

Shareholders may request paper copies of the meeting materials be sent to them by postal delivery at no cost. Requests for meeting material may be made up to one year from the date the Circular was filed on SEDAR by:

Phone: 1-855-673-6931 x 4707 (toll free)

Email: ir@melcor.ca

Requests should be received by May 7, 2021 in order to receive the Meeting Materials and return the proxy by May 18, 2021.

VOTING

SHAREHOLDERS WILL BE ASKED TO CONSIDER & VOTE ON THE FOLLOWING MATTERS

ELECT DIRECTORS: Shareholders will be asked to fix the number of directors to be elected at the Meeting at 8 and elect directors for the next year. Information respecting the election of directors may be found starting on page 11 of the Circular.

APPOINT AUDITORS: Shareholders will be asked to appoint PricewaterhouseCoopers LLP as Melcor’s auditors at remuneration to be fixed by the directors. Information respecting the appointment of PricewaterhouseCoopers LLP may be found under the heading “Appoint Auditors” on page 8 of the Circular.

CONFIRM BY-LAW AMENDMENTS: Shareholders will be asked to confirm amendments to the by-laws passed by the board to allow AGMs to be conducted virtually.

OTHER BUSINESS: Shareholders may be asked to consider other items of business that may be properly brought before the Meeting.

Registered shareholders: please return your proxy via one of the following by May 18, 2021 at 11:00 AM MT MDT.

Internet: www.astvotemyproxy.com Phone: 1-888-489-5760

Mail: AST Trust Company (Canada) Attention: Proxy Department PO Box 721 Agincourt, ON M1S 0A1

Beneficial unitholders : please return your proxy via one of the methods described on your form of proxy by the deadline noted.

Shareholders with questions about notice and access can contact Melcor at ir@melcor.ca or 1-855-673-6931 x 4707

SHAREHOLDERS ARE REMINDED TO REVIEW THE MEETING MATERIALS PRIOR TO VOTING