Southern Energy Corp. — Proxy Solicitation & Information Statement 2024

May 17, 2024

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Notice of Availability of Proxy Materials for Southern Energy Corp. Annual General and Special Meeting

Meeting Date and Time: June 20, 2024, at 10:00 a.m. (Calgary time)

Location: Offices of the Corporation located at Suite 2400 333 7 Ave SW, Calgary, AB

Please be advised that the proxy materials for the above noted securityholder meeting are available for viewing and downloading online. This document provides an overview of these materials, but you are reminded to access and review the information circular and other proxy materials available online prior to voting. These materials are available at:

https://southernenergycorp.com/investors/constitutional-documents/

OR

www.sedarplus.ca

Obtaining Paper Copies of the Proxy Materials

Securityholders may request to receive paper copies of the proxy materials related to the above referenced meeting by mail at no cost. Requests for paper copies must be received by June 10, 2024 in order to receive the paper copy in advance of the meeting. Shareholders may request to receive a paper copy of the Materials for up to one year from the date the Materials were filed on www.sedar.com.

For more information regarding notice-and-access or to obtain a paper copy of the Materials you may contact our transfer agent, Odyssey Trust Company, via www.odysseycontact.com or by phone at 1-888290-1175 (toll-free within North America) or 1-587-885-0960 (direct from outside North America).

Notice of Meeting

The resolutions to be voted on at the meeting, described in detail in the management information circular dated May 6, 2024 (the “ Information Circular ”), are as follows:

Fixing Number of	Shareholders will be asked to fix the number of directors. Information
Directors:	respecting the number of directors may be found in the Information
	Circularunder “Fixing Number of Directors”.
Election of Directors:	Shareholders will be asked to elect directors for the ensuing year.
	Information respecting the election of directors may be found in the
	InformationCircularunder “Election of Directors”.
Appointment of Auditors:	Shareholders will be asked to appoint Deloitte LLP as auditors (the
	“Auditors”) of the Company, to hold office until the next annual meeting
	of the Shareholders, at such remuneration to be determined by the
	Board. Information respecting the appointment of auditor may be found
	in the Information Circular under “Appointment of Auditors”.

Approval of Stock Option Shareholders will be asked to consider and, if thought appropriate, to Plan pass the ordinary resolution ratifying and approving the Company’s amended and restated stock option plan. Information respecting the stock option plan may be found in the Information Circular under “ Approval of Stock Option Plan ”.

Approval of Share Award Incentive Plan

Shareholders will be asked to consider and, if thought appropriate, to pass the ordinary resolution ratifying and approving the Company’s amended and restated share award incentive plan. Information respecting the amendment to the share award incentive plan may be found in the Information Circular under “ Approval of Share Award Incentive Plan ”.

Voting

To vote your securities, please refer to the instructions on the enclosed Proxy or Voting Instruction Form. Your Proxy or Voting Instruction Form must be received by June 18, 2024, at 10:00 a.m. (Calgary time).

Stratification

The Issuer is providing paper copies of its Information Circular only to those registered shareholders and beneficial shareholders that have previously requested to receive paper materials.

Annual Financial Statements

The Issuer is providing paper copies or emailing electronic copies of its annual financial statements to registered shareholders and beneficial shareholders that have opted to receive annual financial statements and have indicated a preference for either delivery method.