Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 60

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 60
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-U.S. equity issues, corporate and municipal
debt issues, and money market instruments that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions
in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both
U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned
subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing
agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust
companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). The DTC Rules applicable to its Participants are on
file with the SEC. More information about DTC can be found at www.dtcc.comandwww.dtc.org.

So long as DTC or a nominee thereof is the registered owner of the global security representing the Notes (the “Global Security”), DTC or such nominee, as the case may be, will be considered the sole owner or holder of Notes represented thereby for all purposes under the Indenture. Except as provided below, owners of beneficial interests in Notes
represented by a Global Security (“Beneficial Owners”) will not be entitled to have such Notes registered in their names, will not receive or be entitled to receive physical delivery of such Notes in definitive form and will not
be considered the owners or holders thereof under the Indenture.

Unless and until it is exchanged in whole or in part for Notes in
definitive form, no Global Security may be transferred except as a whole by DTC to a nominee of DTC or by a nominee of DTC to DTC or another nominee of DTC or by DTC or any such nominee to a successor of DTC or a nominee of such successor.

Purchases of Notes under the DTC system must be made by or through Direct Participants, which will receive a credit for the Notes on
DTC’s records. The ownership interest of