Mullen Group Ltd. — Proxy Solicitation & Information Statement 2026

Mar 30, 2026

Mullen Group

NOTICE AND ACCESS NOTIFICATION FOR ANNUAL GENERAL MEETING OF SHAREHOLDERS

You are receiving this notification as Mullen Group Ltd. ("Mullen Group") has decided to use the notice and access model for delivery of meeting materials to its shareholders who do not hold their common shares in their own name (beneficial shareholders). Notice and access is a set of rules developed by the Canadian Securities Administrators that allows companies to post shareholder meeting materials online. Under notice and access, beneficial shareholders still receive a voting instruction form enabling them to vote at Mullen Group's meeting. However, instead of a paper copy of the Information Circular and Notice of Meeting (collectively the "Meeting Materials"), beneficial shareholders receive this notice with information on how they may access the Meeting Materials electronically.

The use of this alternative means of delivery is more environmentally friendly as it will help reduce paper use and will also reduce the cost of printing and mailing Meeting Materials to shareholders.

MEETING DATE AND LOCATION:

WHEN: Tuesday, May 5, 2026 at 3:00 p.m. (Mountain Daylight Time)

WHERE: McMurray Room at the Calgary Petroleum Club, 319 - 5th Avenue S.W., Calgary, Alberta

SHAREHOLDERS WILL BE ASKED TO CONSIDER AND VOTE ON THE FOLLOWING MATTERS:

FINANCIAL STATEMENTS: Although no vote is required, shareholders will receive and consider Mullen Group's consolidated financial statements for the year ended December 31, 2025, together with the report of the auditors thereon.

FIXING NUMBER OF DIRECTORS: Shareholders will be asked to fix the number of directors to be elected at the meeting to eight members. Information respecting fixing the number of directors may be found in the "Election of Directors" section of the Information Circular.

ELECTION OF DIRECTORS: Shareholders will be asked to elect eight directors for the next year. Information respecting the election of directors may be found in the "Election of Directors" and "Director Profiles" sections of the Information Circular.

APPOINTMENT OF AUDITORS: Shareholders will be asked to re-appoint PricewaterhouseCoopers LLP ("PwC"), Chartered Professional Accountants, as Mullen Group's auditors, for the ensuing year and to authorize the directors of Mullen Group to fix their remuneration. Information respecting the appointment of PwC may be found in the "Appointment of Auditors" section of the Information Circular.

EXECUTIVE COMPENSATION: Shareholders will be asked to approve on a non-binding, basis, Mullen Group's approach to executive compensation.

SHAREHOLDERS ARE REMINDED TO VIEW THE MEETING MATERIALS PRIOR TO VOTING.

WEBSITES WHERE MEETING MATERIALS ARE POSTED:

Meeting Materials can be viewed online at www.sedar.com or at the following internet address:

http://materials.proxyvote.com/625284

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HOW TO OBTAIN PAPER COPIES OF THE MEETING MATERIALS:

Beneficial shareholders may request paper copies of the Meeting Materials be sent to them by postal delivery at no cost. Requests for Meeting Materials may be made up to one year from the date the Information Circular was filed on SEDAR:

• by going online at https://www.mullen-group.com/investors/investor-relations-and-contacts/
• by telephone at 1-866-995-7711
• by email at IR@mullen-group.com

Requests should be received at least five (5) business days in advance of the proxy deposit date and time set out in the accompanying voting instruction form in order to receive the Meeting Materials in advance of such date and the meeting date.

Mullen Group has determined that all beneficial shareholders with existing instructions on their account to receive paper materials (standing instructions) will receive a paper copy of the Meeting Materials.

VOTING:

You cannot vote by returning this notice. Beneficial shareholders are asked to return their voting instruction form using one of the following methods at least one business day in advance of the proxy deposit date noted on the voting instruction form:

INTERNET: www.proxyvote.com

TELEPHONE: 1-800-474-7493 (ENGLISH) OR 1-800-474-7501 (FRENCH)

MAIL: DATA PROCESSING CENTRE
P.O. BOX 3700, STN INDUSTRIAL PARK
MARKHAM ON, L3R 9Z9

Shareholders with questions about notice and access can call toll free at 1-866-995-7711.