Parkland Corporation Announces the Mailing of a Letter of Transmittal in Connection with the Sunoco Arrangement

Core Viewpoint - Parkland Corporation has initiated the process for shareholders to elect their preferred form of consideration in connection with the Sunoco Arrangement, which involves a cash and equity transaction for the acquisition of all issued and outstanding Company Shares [1][10]. Group 1: Shareholder Communication - A Letter of Transmittal has been mailed to registered holders of common shares, detailing the necessary documentation and information required to obtain their entitled consideration under the Sunoco Arrangement [2]. - Registered shareholders must follow the instructions in the Letter of Transmittal to ensure proper submission to Computershare Investor Services Inc., the depositary for the Sunoco Arrangement [2][3]. Group 2: Election Options - Shareholders can choose from three options for their consideration in exchange for each Company Share: 1. C$44.00 in cash (Cash Elected Consideration) 2. Approximately 0.536 SunocoCorp Units (Unit Elected Consideration) 3. A combination of cash and units, subject to proration and adjustments (Combination Elected Consideration) [4][7]. - Failure to submit a properly completed Letter of Transmittal by the Election Deadline will result in shareholders being deemed to have elected the Combination Elected Consideration [4]. Group 3: Election Deadline - The Election Deadline has not yet been determined, but Parkland will announce it prior to the closing date of the Sunoco Arrangement [5]. Group 4: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer, operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [6]. - The company focuses on providing essential fuels while also offering renewable fuel options, ultra-fast EV charging, and solutions for carbon credits and solar power [6].