About the Directors Susan F. Dabarno Bracebridge, ON, Canada/Age 70/Independent Key competencies and experience • Finance/Accounting • Asia experience • Insurance/Reinsurance/Investment management • Public company executive/Director • Talent management/Executive compensation • Digital transformation/Sales/Marketing • Technology/Operations Ms. Dabarno brings extensive global wealth management and financial services experience to the board, and her roles in various executive capacities and accounting background qualify her to serve on our board and as a member of the risk committee and the management resources and compensation committee. Susan Dabarno has been a corporate director since 2011. She has extensive Director since wealth management and distribution expertise and served from 2009 to 2010 as March 2013 Executive Chair, and from 2003 to 2009 as President and Chief Executive Officer, of Richardson Partners Financial Limited, an independent wealth management Term limit: services firm. Before joining Richardson Partners Financial Limited, Ms. Dabarno 2025 was President and Chief Operating Officer at Merrill Lynch Canada Inc. She is a former director of the Toronto Waterfront Revitalization Corporation 2022 votes for: 99.62% (government funded organization) and Bridgepoint Health Foundation (not-for-profit). Public company boards Ms. Dabarno is a Fellow of Chartered Professional Accountants (FCPA) and holds (last five years) a Class II Diploma from McGill University. • Cenovus Energy Inc., 2022 meeting attendance 2017-2021 Board 8 of 8 100% Board committees • Management resources and compensation 5 of 5 100% • Risk 5 of 5 100% Equity ownership (as at February 28, 2023 and February 28, 2022) Total value as a Common Total common multiple of equity Year shares DSUs shares and DSUs Total value ownership guideline 2023 45,250 33,952 79,202 $2,136,870 2.1x 2022 45,250 26,621 71,871 $1,845,647 2.4x Change 0 7,331 7,331 With the changes to director compensation that went into effect January 1, 2023, the equity ownership requirement increased to $1,041,089 (US$765,000). The total value as a multiple of equity ownership guideline shown above relates to the guideline in effect for each respective year. See page 5 for information about equity ownership 2023 Management information circular 21