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Methanex Reports on Annual General Meeting of Shareholders

1. Methanex held its Annual General Meeting on May 1, 2025. 2. Over 82% of shares voted in favor of all proposed items. 3. KPMG LLP was re-appointed as Methanex's auditor. 4. Executive compensation approach was approved by 80.76% of votes. 5. Methanex remains the world's largest methanol producer and supplier.

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Why Neutral?

The AGM result shows high shareholder support but lacks significant new strategic direction.

How important is it?

While shareholder approval is positive, there were no new initiatives or risks disclosed.

Why Short Term?

Immediate reactions may stabilize stock, but no new growth opportunities were presented.

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May 01, 2025 18:40 ET  | Source: Methanex Corporation VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on May 1, 2025 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 55,396,544 common shares were voted at the meeting, representing 82.2% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: DirectorVotes For% of Votes ForVotes Against% of Votes AgainstDoug Arnell54,147,91099.75134,2950.25Jim Bertram53,834,30699.17447,8970.83Paul Dobson54,224,35499.8957,8500.11Maureen Howe53,971,85799.43310,3480.57Leslie O’Donoghue54,239,52399.9242,6820.08Roger Perreault53,875,19199.25406,5130.75Kevin Rodgers 54,108,90599.68173,2980.32John Sampson53,887,37299.27394,8330.73Rich Sumner54,250,67799.9431,5280.06Benita Warmbold53,736,30398.99545,9021.01Xiaoping Yang54,046,19699.57236,0060.43 Appointment of Auditors KPMG LLP, Chartered Professional Accountants, was re-appointed as auditor of Methanex. Votes For (percent): 73.04%Votes Withheld (percent): 26.96% Advisory Vote on Executive Compensation A non-binding advisory vote to accept Methanex’s approach to executive compensation as disclosed in the Information Circular dated March 6, 2025 was approved. Votes For (percent): 80.76%Votes Against (percent): 19.24% Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq Global Market in the United States under the trading symbol "MEOH”. Methanex can be visited online at www.methanex.com. Inquiries:Sarah HerriottDirector, Investor RelationsMethanex Corporation604-661-2600 or Toll Free: 1-800-661-8851www.methanex.com

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