Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 34

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 34
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 average yields of United States Treasury securities for which such yields
are given, except that if the period from the redemption date to February 1, 2029 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.
Calculation of the Make Whole Premium and the Treasury Rate will be made by the Corporation or on behalf of the Corporation by such Person as the Corporation shall designate. The Corporation will (1) calculate the Treasury Rate and the Make
Whole Premium no later than the first (and no earlier than the fourth) Business Day preceding the applicable redemption date (or, in the case of any redemption in connection with a defeasance of the Notes or a satisfaction and discharge of the
Indenture, on the Business Day preceding such event), and (2) prior to such redemption date (or such event, as applicable), file with the Trustee a statement setting forth the Treasury Rate and the Make Whole Premium and showing the calculation
of each in reasonable detail.

Repurchase Upon Change of Control Triggering Event

If a Change of Control Triggering Event occurs, unless the Corporation has exercised its right to redeem the Notes as described under
“–Optional Redemption”, each holder of Notes will have the right to require the Corporation to purchase all or a portion of such holder’s Notes pursuant to the offer described below
(the “Change of Control Offer”). In the Change of Control Offer, the Corporation will offer a payment (the “Change of Control Payment”) equal to 101% of the principal amount thereof, plus accrued and
unpaid interest, if any, thereon to, but not including, the date of purchase, subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest payment date.

Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Corporation’s option, prior
to any Change of Control but after the public announcement of the pending Change of Control, the Corporation will be required to send, by first class mail or otherwise deliver (including by electronic delivery), a notice to each holder of Notes,
with a copy to the Trustee, which notice will govern the terms of the Change of Control Offer. Such notice will state, among other things, the purchase date, which must be no earlier than 10 days nor later than 60 days from the date such
notice is mailed or otherwise delivered (including by electronic delivery), other than as may