Tidewater Renewables Ltd. — Proxy Solicitation & Information Statement 2026

Apr 23, 2026

TIDEWATER Renewables Ltd.

Notice of Annual General Meeting of Shareholders to be held on May 26, 2026

April 6, 2026

NOTICE IS HEREBY GIVEN THAT an annual general meeting (the "Meeting") of the holders ("Shareholders") of common shares ("Common Shares") of Tidewater Renewables Ltd. ("Tidewater" or the "Corporation") will be held on Tuesday, May 26, 2026 at 11:00 a.m. (Calgary time). The Meeting will be held in a virtual meeting format only, by way of a live audio webcast at https://virtual-meetings.tsxtrust.com/1910 (Password: twr2026) for the following purposes:

1. to receive and consider the audited financial statements of the Corporation for the financial year ended December 31, 2025 and the report of the auditors thereon;
2. to fix the number of directors for the ensuing year at four;
3. to elect directors for the ensuing year;
4. to appoint Deloitte LLP as auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors;
5. to approve, on a non-binding advisory basis, the Corporation's approach to executive compensation; and
6. to transact such further or other business as may properly be brought before the Meeting or any adjournment or postponement thereof.

The specific details of the matters proposed to be put before the Meeting are set forth in the management information circular (the "Circular") which forms a part of this notice of Meeting.

Only Shareholders of record at the close of business on April 6, 2026 will be entitled to vote at the Meeting, unless that Shareholder has transferred any Common Shares subsequent to that date and the transferee Shareholder, not later than 10 days before the Meeting, establishes ownership of the Common Shares and demands that the transferee's name be included on the list of Shareholders entitled to vote at the Meeting in respect of such transferred Common Shares.

The Meeting will be held in a virtual-only format, which will be conducted via live audio-webcast over the Internet. While registered Shareholders and beneficial Shareholders who have duly appointed themselves as proxyholders are entitled to attend, participate and vote at the Meeting, we strongly recommend that all Shareholders vote by proxy and accordingly ask that registered Shareholders complete, date and sign the enclosed form of proxy and return it, in the envelope provided, to the Corporation's transfer agent, TSX Trust Company, by delivering the proxy: (i) by mail to 100 Adelaide Street West, Suite 301, Toronto, Ontario M5H 4H1; or (ii) online at www.voteproxyonline.com, so that it is received by 11:00 a.m. (Calgary time) on Friday, May 22, 2026 (or at least 48 hours prior to the commencement of any reconvened Meeting (excluding Saturdays, Sundays and holidays) in the event of any adjournment(s) or postponement(s) thereof).

If you hold your Common Shares in a brokerage account, you are a non-registered Shareholder or beneficial Shareholder. Non-registered Shareholders who have not duly appointed themselves as proxyholders may virtually attend the Meeting as guests. Guests will be able to virtually attend and listen to the Meeting but will not be able to vote or ask questions at the Meeting. Beneficial Shareholders who hold their Common Shares through a bank, broker or other financial intermediary

---

should carefully follow the instructions found on the form of proxy or voting instruction form provided to them by their intermediary, in order to cast their vote.

Your participation as a Shareholder is very important to the Corporation. Please vote your Common Shares on the matters before the Meeting by proxy.

BY ORDER OF THE BOARD OF DIRECTORS

"Jeremy Baines"
Jeremy Baines
Chair of the Board and Chief Executive Officer