Vermilion Energy Inc. Common (Canada)

I think you're good to go. So good afternoon, ladies and gentlemen. I'd like to begin by welcoming you to Vermilion's annual 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 an overview of the business and the strategy moving forward. So, ladies and gentlemen, the meeting will now come to order. My name is Robert Michaleski, and as Chair of the Board of Directors of Vermilion Energy, It is my responsibility and privilege to chair this annual general meeting of the shareholders of a million. Jamie Gagne of Lawson & Liddell LLP will act as secretary of the meeting, and Nazim Nazou of Odyssey Trust Company will act as the scrutineer. In addition to the registered shareholders, I would like to welcome to the meeting all others present here today. At this point, I would like to introduce the other independent directors of Vermilion who are present at the meeting today. James Kleckner Jr., Karen Nicol, Stephen Lark, Timothy Marchant, Manjit Sharma, Myron Stadnik, and Judy Steele. William Roby is on the board, but he is traveling to another meeting today, so unable to be here for this meeting. I would also like to introduce the principal members of our executive committee here today. Dion Hatcher, President, Chief Executive Officer. Lars Glemser, Vice President and Chief Financial Officer. Randy McKaig, Vice President, North America. And Darcy Kerwin, Vice President, International Health and Safety and Environment. The notice calling this annual meeting of shareholders, along with the information circular and former proxy, were mailed on March 28, 2024 to all shareholders as of the record date for this meeting being the close of business on March 13, 2024. As a part of an ongoing stewardship of the environment and a cost-saving measure for the sixth consecutive year, beneficial shareholders received a voting instruction form and a notice and access notification which includes a link to the meeting materials consisting of the proxy statement information circular and the 2023 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 beneficiary 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 at the minutes of this meeting. A quorum for the transaction of business at today's meeting is at least two people present who hold or represent by proxy at least 25% of our outstanding common chairs. I'm advised by the scrutineer that there is a quorum present. The scrutineer's report is available for inspection and I ask that it be followed with the minutes of this meeting. I hereby declare that this Annual General Meeting of shareholders of Vermilion Energy Inc. be properly convened and regularly constituted to conduct business. Now, there are various matters 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 Vermilion have been asked to move and second the motions to be brought before the meeting. All of the matters of business to be covered today will be voted on by ballot. Registered shareholders, meaning their shareholders, who do not hold their shares to a broker, who have not previously submitted a form of proxy and duly appointed proxy holders should have received ballots upon registering for the meeting. If you have already voted, whether by telephone, through the Internet, or by completing and returning a proxy card mail to you with the information circular, your shares will be voted in accordance with your instructions, and you're not permitted to vote again by way of ballot. If there is any shareholder or proxy holder who has not received a ballot, please identify yourself to us. The first item of business is fixing the number of directors of Vermilion Energy to be elected at 10. May I have a motion to fix the number of directors to be elected at 10?

My name is Yvonne Deffery and I'm a representative of Vermilion and a shareholder. I move that the number of directors of Vermilion Energy Incorporated to be elected be fixed at 10.

Thanks, Yvonne. May I have the motion seconded?