Suncor Energy amends agreement with Elliott Investment Management

Calgary, Alberta – (Newsfile Corp. – January 16,2023) Suncor Energy (TSX-SU: SU; NYSE:SU) Suncor Energy (TSX-SU: SU), has today announced that, in the interests of continued cooperation, the agreement between Elliott Investment Management L.P. and its affiliates Elliott (“Elliott”) was amended to give Elliott the option to appoint an extra director to the Suncor board from January 31, 2023 to February 17, 2023.

Suncor Canada is Canada’s largest integrated energy company. Suncor’s operations include offshore oil and gas production, oil sands production and upgrading, and petroleum refining in Canada. The company also owns Petro-Canada wholesale and retail distribution networks. This includes Canada’s Electric Highway which is a coast-to-coast network with fast-charging electric vehicle stations. Suncor invests in power, renewable fuels, and hydrogen to develop petroleum resources and advance the transition towards a low-emission future. Suncor also trades in energy, primarily oil, natural gas, byproducts and power. Suncor’s transparency and performance on the Dow Jones Sustainability Index, FTSE4Good, and CDP have been recognized. Suncor’s common stock (symbol SU) is listed on the New York and Toronto stock exchanges.

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Suncor’s website has more information. suncor.com Follow us on Twitter @Suncor.

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