Trican Well Service Ltd. — Proxy Solicitation & Information Statement 2026

Apr 7, 2026

Notice of Annual Meeting of Shareholders of Trican Well Service Ltd.

Date and Time: Tuesday, May 12, 2026 at 1:30 p.m. (MT)

Meeting Location: Virtual Only Meeting (Online): www.virtualshareholdermeeting.com/TCW2026

BUSINESS OF THE MEETING

The business of the Annual Meeting (the "Meeting") is:

1. To receive and consider the consolidated financial statements of Trican Well Service Ltd. ("Trican") for the year ended December 31, 2025 and the auditors' report thereon;
2. To elect seven directors at the Meeting;
3. To appoint auditors for the ensuing year and to authorize the directors to set their remuneration;
4. To approve, on a non-binding advisory basis, Trican's approach to executive compensation; and
5. To transact such other business as may properly be brought before the Meeting or any adjournment thereof.

The management proxy circular (the "Circular") accompanying this Notice provides specific details of the business to be considered at the Meeting.

RECORD DATE

Shareholders at the close of business on March 31, 2026 (the "Record Date") will be entitled to receive notice of and vote at the Meeting or any adjournment(s) thereof. If a Shareholder acquires Common Shares of Trican after the Record Date and wishes to vote at the Meeting, the Shareholder must produce properly endorsed certificates evidencing such Common Shares or otherwise establish that such Shareholder owns the Common Shares and request at any time before the Meeting that such Shareholder's name be included in the list of Shareholders entitled to vote at the Meeting.

FORMAT OF THE MEETING

This year's annual meeting of the shareholders of Trican (the "Meeting") will be at 1:30 p.m. (MT) on Tuesday, May 12, 2026, by way of a virtual only meeting. A virtual meeting means that shareholders and proxy holders will participate by way of a webcast accessed at www.virtualshareholdermeeting.com/TCW2026 and no physical meeting will be held. Participants in the online virtual Meeting will be able to listen to the proceedings, ask questions, and vote on all items of business. Management hopes that the online format will provide enhanced flexibility and opportunity to shareholders to participate in the Meeting irrespective of their geographic location and share ownership. Advancements in conferencing technology have made it possible to hold virtual meetings with greater reliability and cost efficiency. Virtual meetings continue to be a pragmatic and environmentally friendly alternative to physical meetings. The vast majority of our shareholders vote by proxy using the various channels outlined and these will continue to be available to shareholders. The virtual Meeting does not alter the proxy voting process; just the Meeting process itself. Accordingly, both registered and beneficial shareholders will vote via the Broadridge platform which is accessed at www.proxyvote.com. Broadridge Financial Solutions, Inc. ("Broadridge") will also host the online voting at the virtual Meeting. Shareholders wishing to appoint themselves or a proxy holder to vote at the virtual Meeting must complete the appointment process using the Broadridge platform. If you appoint someone else to represent you as your proxy holder, the online appointment process will enable you to set up your proxy's login credentials for the online virtual Meeting.

VOTING

It is important to Trican that holders ("Shareholders") of common shares of Trican ("Common Shares") exercise their vote. Shareholders are requested to vote by internet, telephone or date and sign the enclosed instrument of

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proxy and mail it in the enclosed reply envelope, or hand deliver it to Broadridge at 2601 – 14th Avenue, Markham, Ontario L3R 0H9. Even if a Shareholder plans to attend the Meeting virtually, the Shareholder may still vote via proxy by the means outlined here. In order to be valid and acted upon at the Meeting, instruments of proxy or voting instruction forms must be received by 1:30 p.m. MT on Friday, May 8, 2026, or if the Meeting is adjourned or postponed, 48 hours prior to such adjourned or postponed Meeting (excluding Saturdays, Sundays and holidays). The time limit for the deposit of proxies may be waived without notice at the discretion of the Chair of the Meeting. Further instructions with respect to attending the Meeting virtually or voting by proxy are provided in the instrument of proxy and the Circular.

BY ORDER OF THE BOARD OF DIRECTORS

Calgary, Alberta, Canada
March 31, 2026

(signed) "Chika B. Onwuekwe, K.C."
Vice President, Legal, General Counsel and Corporate Secretary