Hydro One (H) investor relations material

Opening remarks and agenda

• The meeting was opened by the Chair, acknowledging Indigenous lands and welcoming shareholders, proxy holders, and guests to the virtual AGM.

• Senior management and director nominees were introduced, with thanks extended to outgoing directors and the retiring CEO.

• Welcomed Megan Telford as new President, CEO, and Board member, succeeding David Lebeter upon his retirement.

• Perrin Beatty was welcomed as an incoming Director, with thanks extended to outgoing Directors Helga Reidel and Mitch Panciuk.

• The agenda included formal business, CEO remarks, and a general Q&A session.

Board and executive committee updates

• Megan Telford was introduced and elected as Director and appointed President and CEO, with remarks highlighting her experience and vision.

• Perrin Beatty joined the Board, while Helga Reidel and Mitch Panciuk departed.

• Outgoing directors and the retiring CEO were recognized for their contributions since 2023.

Corporate governance

• The meeting followed established rules of conduct, with voting and question procedures explained.

• Proper notice of the meeting and quorum were confirmed, and the scrutineers' report was accepted.

• The board's diversity was discussed, noting a 50% female board and 11% Indigenous representation.