Stelco — Declaration of Voting Results & Voting Rights Announcements 2021

Jun 10, 2021

STELCO HOLDINGS INC. Annual General and Special Meeting of Shareholders Hamilton, Ontario – June 10, 2021

REPORT OF VOTING RESULTS

In accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations

The following matters were voted on at the annual general and special meeting of shareholders (the “ Meeting ”) of Stelco Holdings Inc. (“ Stelco ” or the “ Corporation ”) held on June 10, 2021. Full details of these matters are set out in the Management Information Circular of the Corporation dated May 4, 2021, issued in connection with the Meeting, which is available at www.sedar.com.

A total of 50 shareholders holding a total of 72,321,018 common shares of the Corporation (“ Common Shares ”) were represented at the Meeting in person or by proxy, representing approximately 81.52% of the total votes attached to all issued and outstanding Common Shares as of May 3, 2021, the record date for the Meeting.

Election of Directors

All nine directors proposed for election at the Meeting were elected by a majority of the votes cast for each director. The votes cast by shareholders present in person or represented by proxy at the Meeting for the election of directors were as follows:

Monty BakerMichael DeesAlan GoldbergAlan KestenbaumJacob LewMichael MuellerHeather RossIndira SamarasekeraDaryl Wilson	Votes#70,918,83664,017,55369,000,07468,783,24268,996,32470,173,29369,296,98470,889,02371,198,514	For%99.60%89.91%96.91%96.60%96.90%99.31%97.32%99.56%99.99%	Votes Withheld#%284,6590.40%7,185,94210.09%2,203,4213.09%2,420,2533.40%2,207,1713.10%490,2020.69%1,906,5112.68%314,4720.44%4,9810.01%	Votes Withheld#%284,6590.40%7,185,94210.09%2,203,4213.09%2,420,2533.40%2,207,1713.10%490,2020.69%1,906,5112.68%314,4720.44%4,9810.01%
				0.40%10.09%3.09%3.40%3.10%0.69%2.68%0.44%0.01%

Appointment of Auditors

The resolution to re-appoint KPMG LLP as auditors of the Corporation, to hold office until the next annual meeting of shareholders of the Corporation or until their successors are appointed and to authorize the directors to fix the auditors’ remuneration, was adopted by a majority of the votes cast by the shareholders present in person or represented by proxy at the Meeting. The votes cast by shareholders present in person or represented by proxy at the Meeting for the appointment of the auditors were as follows:

Appointment of Auditors	Votes For#%72,198,11699.83%	Votes Withheld#%122,0920.17%	Votes Withheld#%122,0920.17%
			0.17%

Advance Notice Resolution

The resolution to approve and ratify the adoption of the Corporation’s advance notice provisions (the “ Advance Notice Resolution ”) included in the Corporation’s Amended and Restated By-Law No. 1 relating to advance notice nominations of directors was adopted by a majority of the votes cast by the shareholders present in person or represented by proxy at the Meeting. The votes cast by shareholders present in person or represented by proxy at the Meeting for the approval and ratification of the Advance Notice Resolution were as follows:

Advance Notice Resolution	Votes For#%62,868,74988.29%	Votes Withheld#%8,334,74611.71%	Votes Withheld#%8,334,74611.71%
			11.71%