Keel Infrastructure (KEEL) EGM 2024 summary

Opening remarks and agenda

• Meeting called to order with confirmation of recording and participation rules for shareholders and proxies.

• Four items of business: increase board size, elect new director, ratify shareholder rights plan, and address other business.

• Notice of meeting and related documents were duly mailed and filed with regulators.

Specific resolutions to be voted on

• Special resolution to increase the number of directors from five to six, requiring a 2/3 majority.

• Ordinary resolution to elect Andrew J. Chang as a director, contingent on board size increase.

• Resolution to ratify and approve the shareholder rights plan adopted on July 24th, 2024.

Corporate governance

• Quorum established with 231 shareholders represented by proxy, holding 50.83% of shares.

• Voting conducted online, with polls open throughout the meeting and results tallied by TSX Trust.

• Motions for each resolution were formally moved and seconded.