Français Investors Companies News Governance About All sections BOARD OF DIRECTORS GOVERNANCE Board of Directors Board of Directors Charter Audit Committee Composition and Charter Senior Management Code of Business Conduct and Ethics Corporate Articles Corporate By-Laws André Desmarais, O.C., O.Q. Director since 1988 Paul Desmarais, Jr., O.C., O.Q. Director since 1983 Gary A. Doer, O.M. Director since 2016 R. Jeffrey Orr Director since 2005 T. Timothy Ryan, Jr. Director since 2014 Siim A. Vanaselja, FCPA, FCA Director since 2018 Contact Legal © Power Financial Corporation 2021. All rights reserved. A Member of the Power Corporation Group of Companies®

Français Investors Companies News Governance About All sections AUDIT COMMITTEE COMPOSITION AND CHARTER GOVERNANCE Board of Directors Board of Directors Charter Audit Committee Composition and Charter Senior Management Code of Business Conduct and Ethics Corporate Articles Corporate By-Laws Following the successful completion of the reorganization transaction on February 13, 2020, the only Power Financial Board committee that remains in force is the Audit Committee. You will find below information on the composition of the Audit Committee, a brief summary of its mandate, as well as a copy of the committee's charter. AUDIT COMMITTEE MEMBERS INDEPENDENT Siim A. Vanaselja (Chair) Gary A. Doer T. Timothy Ryan, Jr. The primary mandate of the Audit Committee is to review the financial statements of the Corporation and public disclosure documents containing financial information and to report on such review to the Board, to be satisfied that adequate procedures are in place for the review of the Corporation’s public disclosure documents that contain financial information, to oversee the work of the external auditors, and to review any evaluation of the Corporation’s internal control over financial reporting. In performing its duties and exercising its powers, the Audit Committee considers and addresses the risks related to the establishment, maintenance and implementation of disclosure controls and procedures and internal control over financial reporting and the risks related to cyber security that would reasonably be expected to have a material effect on the Corporation. Audit Committee Charter Contact Legal © Power Financial Corporation 2021. All rights reserved. A Member of the Power Corporation Group of Companies®