Filo (FIL) Investor Day 2023 summary

Meeting procedures and participation

• Meeting held virtually, allowing registered shareholders and proxy holders to vote and submit questions electronically.

• Voting conducted via electronic ballot, with polls open for a limited time and results announced at the end.

• Only procedural or motion-related questions addressed during the meeting; others handled separately.

• Quorum confirmed, with formal reports annexed to meeting minutes.

Arrangement resolution and transaction details

• Sole business was to consider and approve a special resolution for an arrangement involving Filo, Lundin Mining Corporation, and BHP Investments Canada Inc.

• Arrangement involves acquisition of all Filo shares not already owned by Lundin Mining or BHP Investments Canada Inc., under a court-approved plan.

• Approval required at least 66.67% of votes cast and a simple majority excluding certain related parties.

• Board unanimously determined the arrangement is fair and in the best interest of shareholders, recommending approval.

• Preliminary results showed the arrangement resolution was approved, meeting all required thresholds.

Next steps and disclosure

• Final voting results to be included in meeting minutes, announced via press release, and filed on SEDAR+.

• No further business was conducted, and the meeting was formally terminated.