Telesat (TSAT) investor relations material

Opening remarks and agenda

• Meeting called to order by the CEO, with thanks to shareholders for proxy submissions and instructions on virtual participation.

• Rules for orderly conduct and voting procedures were reviewed, including electronic ballot use and eligibility.

• The agenda included presentation of financial statements, election of directors, and appointment of auditors.

Corporate governance

• Details provided on share classes, voting rights, and the Golden Share mechanism to ensure Canadian control.

• Canadian status declarations were required for voting, and the transfer agent tracked these for compliance.

Board and executive committee updates

• Ten directors were nominated, all current directors, with designations from major investors.

• No other director nominations were received; only listed nominees were eligible.