Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025

Core Viewpoint - Cenovus Energy Inc. has postponed the special meeting for the acquisition of MEG Energy Corp. to October 30, 2025, with the proxy submission deadline extended to October 29, 2025 [1][2]. Group 1: Acquisition Details - Approximately 63% of MEG common shares are in favor of the acquisition, with over 75% support when excluding Strathcona Resources Ltd. [2] - The acquisition requires approval from at least 66⅔% of MEG shareholders present or represented by proxy at the meeting [2]. - Cenovus's offer includes $29.50 in cash or 1.240 common shares of Cenovus for each MEG share, representing a 44% premium over MEG's 20-day volume-weighted average share price as of May 15, 2025 [3]. Group 2: Shareholder Engagement - Cenovus encourages MEG shareholders to vote in favor of the transaction before the revised proxy deadline [4]. - Shareholders are advised to refer to MEG's news release for additional information regarding voting and submission of consideration elections [4]. Group 3: Company Overview - Cenovus Energy Inc. operates in oil and natural gas production in Canada and the Asia Pacific, with refining and marketing operations in Canada and the U.S. [9].