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Parkland Corporation's Shareholder Notification

On September 13, 2025, Parkland Corporation, a key player in a fuel distribution business, announced significant developments regarding its agreement with Sunoco. The company informed that it has mailed a transmittal letter along with an election form to all registered common shareholders concerning the recent Sunoco arrangement. This communication is vital for shareholders to understand their options and the next steps regarding their investments.

The transmittal letter serves as an essential document for registered shareholders, detailing what is required for them to receive the compensation they are entitled to under the terms of the agreement with Sunoco. Parkland has also made the transmittal form available for shareholders online at both their official website and their SEDAR+ profile. This information is crucial for shareholders, enabling them to select their preferred form of compensation, which may involve submitting specific documentation to Computershare Investor Services Inc., the appointed depositary for the Sunoco Agreement.

Options for Compensation

As per the terms outlined in the agreement, shareholders are offered three options for compensation:

1. Cash and Units: C$19.80 in cash plus 0.295 ordinary units of SunocoCorp, which will be listed on the New York Stock Exchange post-transaction.
2. Cash Only: C$44.00 in cash.
3. Units Only: Approximately 0.536 units of SunocoCorp.

It's important for shareholders to be aware that the cash and unit options are subject to proration, maximum amounts, and adjustments as stipulated in the agreement. Additionally, if a shareholder does not submit a completed transmittal letter by the election deadline, they will automatically choose to receive the combined cash and units option. However, the precise deadline for these elections is yet to be set, although Parkland has committed to announcing it prior to the finalization of the agreement with Sunoco.

Reminder for Beneficial Shareholders

Beneficial shareholders, whose shares are managed by intermediaries like brokers or banks, should note that the transmittal letter is designated exclusively for registered shareholders. As such, those who hold shares through an intermediary are urged to contact their respective agents for guidance and assistance regarding the election process. Each intermediary may have distinct procedures in place, and it’s key to adhere to their instructions to facilitate a smooth election.

About Parkland Corporation

Parkland Corporation stands as a leading international fuel distributor and convenience store retailer with operations that span across 26 countries in the Americas. The company aims to fulfill everyday fuel and convenience needs while also delivering industrial fuels to clientele, enabling various business operations. To support its customers in reducing ecological impacts, Parkland also invests in renewable fuel manufacturing, rapid electric vehicle charging, carbon credit solutions, and solar energy. With around 4,000 retail and commercial locations across Canada, the U.S., and the Caribbean, Parkland has structured its supply chain, distribution, and trading capabilities to enhance growth and performance.

Future Projections

Contained within this release are future projections, identified by terms like “expect,” “may,” or similar phrases. These projections pertain to determinations such as the announcement of the election deadline and the completion of the Sunoco agreement transaction. They embody known and unknown risks, uncertainties, and other factors that may cause actual outcomes to significantly diverge from anticipated results. The clarity of these expectations is not guaranteed and should not be excessively relied upon. Parkland is not obligated to publicly update or revise any of these forward-looking statements unless mandated by securities law.

In summary, shareholders are encouraged to act promptly concerning the Sunoco arrangements, ensuring that they fully understand their options for compensation as dictated in the transmittal letter. It is a pivotal time for Parkland Corporation as it navigates this significant agreement, and shareholder engagement will play an essential role in the successful execution of their strategic objectives.