Mullen Group Ltd. — Interim / Quarterly Report 2021

May 5, 2021

TRISUMMIT UTILITIES INC.

(the “Company”)

EXHIBIT TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED March 31, 2021

For the twelve-month period ended March 31, 2021:

• a) The consolidated net income attributable to the shareholder of the Company before interest expense on short-term and long-term debt and income taxes of the Company was $71.1 million;

• b) Interest expense of the Company on short-term and long-term debt was $28.2 million.

The Company’s earnings coverage ratio (i.e. the number determined by dividing the amount set out in paragraph (a) above by the amount set out in paragraph (b) above) for the twelve months ended March 31, 2021 was 2.5.