Granite Real Estate Investment Trust (GRT-UN) AGM 2024 summary

Opening remarks and agenda

• The meeting was held virtually for Granite Real Estate Investment Trust and Granite REIT Inc. on June 6, 2024, with instructions for voting and submitting questions online.

• Attendees were reminded of recording and privacy protocols, and the agenda included formal business and a CEO presentation.

• Acknowledgement was given to a retiring trustee for 13 years of service.

Board and executive committee updates

• Introduction of all trustees, directors, and key executives in attendance, including President & CEO Kevan Gorrie and CFO Teresa Neto.

• Robert Brouwer appointed to Board of Trustees, Board of Directors, and Audit Committee on February 15, 2024.

• Gerry Miller was recognized for his retirement from the board.

Overview of voting outcomes

• Quorum was confirmed with 78.11% of units represented.

• All motions, including election of trustees/directors, auditor reappointment, executive compensation advisory, and special arrangement resolutions, were passed with requisite approval.

• Voting results will be disclosed on SEDAR and via press release.

• Internal reorganization proposal to be voted on at the June 2024 meeting.