CO2 Sequestered YTD 1,819,977.050 Tonnes Dec 01, 2021 03:34 PM wcp News Contact About Whitecap Sustainability Operations Investors Careers TAX INFORMATION TAX INSTRUCTION LETTER This tax instruction letter is provided in connection with the Arrangement pursuant to which Whitecap Resources Inc. acquired all the common shares of TORC and continued to operate as Whitecap Resources Inc. This tax instruction letter is for use by the former holders of common shares of TORC ("TORC Shares") who wish to recognize a capital gain as a result of the Arrangement by making a tax election with Whitecap under subsection 85(1) of the Income Tax Act (Canada) (the "Tax Act") or, in the case of a TORC Shareholder that is a partnership, under subsection 85(2) of the Tax Act (in either case, a "Tax Election"). Download Tax Instruction Letter Headquarters 403-266-0767 3800, 525 - 8th Avenue SW Eighth Avenue Place, East Tower Calgary, Alberta, Canada T2P 1G1 Emergency 1-866-590-5289 © 2021 Whitecap Resources Inc. Privacy / Legal

CO2 Sequestered YTD 1,819,977.239 Tonnes Dec 01, 2021 03:34 PM wcp News Contact About Whitecap Sustainability Operations Investors Careers NEWS RELEASES November 15, 2021 WHITECAP RESOURCES INC. CONFIRMS MONTHLY DIVIDEND FOR NOVEMBER OF $0.0225 PER SHARE CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) confirms that a cash dividend of Cdn. $0.0225 per common share in respect of November operations will be paid on December 15, 2021 to shareholders of record on November 30, 2021. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable production growth combined with sustainable dividends to shareholders. Our objective is to fully fund our capital expenditures and dividend payments within funds flow. For further information about Whitecap, please visit our website at www.wcap.ca. For further information: Grant Fagerheim, President & CEO or Thanh Kang, Senior Vice President & CFO Whitecap Resources Inc. 3800, 525 – 8th Avenue SW Calgary, AB T2P 1G1 (403) 266-0767 www.wcap.ca InvestorRelations@wcap.ca Download Press Release PDF Return to News Release Listing Headquarters 403-266-0767 3800, 525 - 8th Avenue SW Eighth Avenue Place, East Tower Calgary, Alberta, Canada T2P 1G1 Emergency 1-866-590-5289 © 2021 Whitecap Resources Inc. Privacy / Legal