Company: PDS
Filing Date: 2025-03-10
Form Type: 40-F
Source: 0000950170-25-036254
Chunk: 3

Company: PRECISION DRILLING Corp
Filing Date: 2025-03-10
Form: 40-F
Chunk 3
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 the audit committee or the board of directors.

<div align='center'>CODE OF ETHICS</div>

The Registrant has adopted the Code of Business Conduct and Ethics (the “Code”) which applies to every director, officer and employee of the Registrant, including the principal executive officer, principal financial officer, principal accounting officer or controller and any person performing similar functions. The Code is available on the Registrant’s website at www.precisiondrilling.com. No waivers have been granted from, and there have been no material amendments to, any provision of the Code during the 2024 fiscal year.

<div align='center'>PRINCIPAL ACCOUNTANT FEES AND SERVICES</div>

For information on principal accountant fees and services, see “Audit Committee – Pre-approval Policies and Procedures” and “Audit Committee – Audit Fees” in the Annual Information Form.

<div align='center'>OFF-BALANCE SHEET ARRANGEMENTS</div>

The Registrant has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

<div align='center'>TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS</div>

For information on contractual obligations, see “Financial Condition – Contractual Obligations” in Management’s Discussion and Analysis.

<div align='center'>2</div>

IDENTIFICATION OF THE AUDIT COMMITTEE The Registrant has a separately-designated standing Audit Committee. The members of the Audit Committee are:

| Chairman: |     | William T. Donovan                                               |
| Members:  |     | Lori A. LancasterSteven W. KrablinDavid W. WilliamsAlice L. Wong |

MINE SAFETY DISCLOSURE Not applicable. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Not applicable. NYSE CORPORATE GOVERNANCE The Registrant’s common shares are listed on the NYSE. A description of the significant ways in which the Registrant’s corporate governance practices differ from those required of domestic companies under NYSE listing standards is provided on the Registrant’s website at www.precisiondrilling.com. UNDERTAKING The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the staff of the Commission, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the