Morguard Corporation — Proxy Solicitation & Information Statement 2025

Apr 10, 2025

Norguard

MORGUARD CORPORATION

(incorporated under the laws of Canada)

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE is hereby given that the Annual Meeting of Shareholders of Morguard Corporation (the "Corporation") will be held on May 7, 2025 at 10:30 a.m. (ET), at Rattlesnake Point Golf Club, 5407 Regional Road 25, Milton, Ontario, L9T 2X5. At the meeting, shareholders will be asked to:

1) Receive the annual report of the Corporation, including the consolidated financial statements of the Corporation for the period ended December 31, 2024, and related auditor's report;
2) Elect directors;
3) Appoint Ernst & Young LLP, Chartered Accountants, auditor of the Corporation and authorize the directors to fix the auditor's remuneration; and
4) Transact such other business as may properly come before the meeting or any adjournment thereof.

The accompanying management information circular provides additional information relating to the matters to be dealt with at the meeting and forms part of this notice.

If you are unable to be present at the meeting, please exercise your right to vote by signing and returning the enclosed form of proxy in the envelope provided for that purpose to Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1, Attention: Proxy Department, so as to arrive not later than 5:00 p.m. (ET) on May 5, 2025, or to the Chairman of the meeting prior to the commencement of the meeting on the day of the meeting or, any adjournment thereof.

Dated at Mississauga, Ontario this 14th day of March, 2025.

BY ORDER OF THE BOARD OF DIRECTORS

(Signed) "Beverley G. Flynn"

Beverley G. Flynn
Secretary