Vermilion Energy Inc. Common (Canada)

Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Vermillion Energy's virtual 2023 Annual General Meeting. Following the formal portion of the meeting, a presentation will be given by Dionne Hatcher, Vermillion's President and Chief Executive Officer. As a reminder, this event is being broadcast live on the internet and is being recorded. The archive event will be posted on Vermillion's website under the heading Invest With Us and subheading Events and Presentations. To participate in the discussion or ask a question during the formal portion of the meeting or ask a question during our presentation, select the messaging tab, type your comment, and click the Send button. I would now like to turn the conference call over to Robert Michaleski, Vermilion's Chair of the Board. Please go ahead, Mr. Michaleski.

Thank you. Good afternoon, ladies and gentlemen. As permitted by Vermillion's bylaw number one, our meeting will be held today as a virtual only shareholder meeting with participation electronically as explained in the proxy statement and information circular for this meeting dated March 15th, 2023. By holding this virtual meeting, we're able to welcome a broader base of shareholders to participate regardless of geographic location. I would like to begin by welcoming you to Vermillion's Virtual 2003 Annual General Meeting of Shareholders. We will complete the formal part of this meeting first, and afterwards, Dion Hatcher, the President and Chief Executive Officer of the company, will provide you with an overview of our business and an update on our strategy moving forward. First, I would like to review the rules for discussion and debate to facilitate an orderly virtual meeting. The formal meeting will deal with the items of business outlined in proxy circular. Once we have completed that work, we will move to the informal part of the meeting. During the formal meeting, each shareholder or proxy holder wishing to address a motion may do so when I have indicated the motion is open for discussion. To participate in the discussion, select the messaging tab, type your comment, and click the send button. Each shareholder may take up to five minutes to contribute to the discussion, but I reserve the right to terminate discussion on a matter. All discussion must be courteous and respectful of other participants in the meeting. All questions for management will be dealt with in the informal part of the meeting after the formal meeting is completed. Thank you in advance for your cooperation. So I'd like to call this meeting to order. Ladies and gentlemen, the meeting will now come to order. As Chair of the Board of Directors of Vermillion Energy Inc., it is my responsibility and privilege to chair this Annual General Meeting of the Shareholders of Vermillion. James Gagne of Lawson & Lundell LLP will act as Secretary of the meeting and Jackie Fisher of Odyssey Trust Company will act as the scrutineer. I would like to welcome to the meeting all others participating in the online meeting. At this point, I would like to introduce the other independent directors of Vermillion electronically attending the meeting today. James Kleckner Jr., Karen Nicol, Stephen Lark, Timothy Marchand, William Roby, Manjit Sharma, Myron Stadnik, and Judy Steele. I would like now to introduce the principal members of the executive leadership team participating electronically in the meeting. Dion Hatcher, President and Chief Executive Officer, Lars Glemser, Vice President and Chief Financial Officer, Bryce Tremeca, Vice President, North America, Darcy Kerwin, Vice President, International and Health Safety and Environment, and Jensen Tam, Vice President, Business Development. The notice of this meeting along with the information circular and form of proxy were mailed on April 3rd, 2023 to all shareholders as of the record date for this meeting. being the close of business on March 15, 2023. As part of our ongoing stewardship of the environment as a cost-saving measure for the fifth consecutive year, beneficial shareholders received a voting instruction form and a notice and access notification which included a link to the meeting materials consisting of the proxy statement and information circular and the 2022 annual report. This procedure for the electronic delivery of meeting materials is known as notice and access and as mentioned is an environmentally friendly alternative that is now used by a number of companies as in past years registered shareholders and those beneficial shareholders that previously requested to receive paper copies continue to receive a printed copy of the meeting materials and a form of proxy. I would ask that copies of all such documents be filed with the minutes of this meeting. A quorum for the transaction of business at today's meeting is at least two people present, being a registered holder or duly appointed proxy holder, and representing an aggregate not less than 25% of the total outstanding shares. According to Vermillion's bylaw, a person participating in today's meeting through the virtual meeting platform for today's meeting is deemed to be present at the meeting. I am advised by the scrutineer that there is a quorum present. A scrutineer's report is available for inspection, and I ask the Secretary to follow up with the minutes of this meeting. I hereby declare the Annual General Meeting of Shareholders of Vermillion Energy Inc. to be properly convened and regularly constituted to conduct business. Now, there are various matters of business to be dealt with today. A description of each matter is provided in the information circular, a copy of which is available on our website under the heading Invest With Us, and Subheading Annual General Meeting. In the interest of time, I do not propose to make a detailed presentation on each item. For the purpose of moving the meeting along, shareholders who are representatives of Vermillion, Lars Glemser, Bryce Gromecka, Darcy Kerwin and Jensen Tan have been asked to move and second the motions to be brought before this meeting. I would like to take a moment to comment on the voting procedures to be used at today's meeting. Voting for all matters will proceed by way of electronic ballot through the virtual meeting platform. The polls are now open and will remain open until the end of the formal part of the meeting. If you have not voted yourselves, please vote now. If you wish to wait until the end of the formal session, there will be additional time allotted for voting as well. If you have previously voted, you do not need to vote again. By voting again, you will revoke your votes made prior to the voting cutoff and only live votes will be counted. The exact results of the ballot voting on the items of business at today's meeting will be announced tomorrow, Thursday, May 4th, in our press release in the report of voting results and will be filed on cedar.com under Vermillion's profile. The first item of business is fixing the number of directors of Vermillion Energy Inc. to be elected at 10. May I have a motion to fix the number of directors to be elected at 10?

My name is Lars Glemser and I am a representative of Vermillion and a shareholder. I move that the number of directors of Vermillion Energy Inc. to be elected be fixed at 10.