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South Bow Announces Approval of Resolutions at Annual General Meeting of Shareholders

1. SOBO shareholders approved all resolutions at annual general meeting. 2. Board member votes showed overwhelming shareholder confidence. 3. KPMG LLP appointed as new auditors with 99.76% approval. 4. Executive compensation plan received 95.95% endorsement. 5. Company connects Alberta crude oil to key U.S. markets.

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Why Bullish?

The strong shareholder support decisions suggest stability and growth potential, historically boosting stock prices.

How important is it?

Shareholder approval reflects confidence, likely improving investor sentiment and potentially stock performance.

Why Short Term?

Recent management changes and endorsements can lead to immediate market reactions, impacting short-term performance.

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May 15, 2025 17:09 ET  | Source: South Bow Corporation CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces that its shareholders approved all resolutions at the Company's annual general meeting held on May 15, 2025 (the Meeting). During the business proceedings of the Meeting, South Bow's shareholders approved the following resolutions: 1. Resolution to appoint 11 board members, with 96.51% to 99.83% of shares represented at the Meeting voting in favour of the individual directors as follows: DirectorVotes in Favour (%)Votes Against (%)Hal Kvisle96.513.49Chansoo Joung99.760.24George Lewis99.830.17Leonard Mallett99.780.22Robert (Bob) G. Phillips99.780.22Sonya Reed99.740.26Shannon Ryhorchuk99.810.19Mary Pat Salomone98.691.31Frances M. Vallejo99.770.23Don Wishart99.780.22Bevin Wirzba99.820.18    2. Resolution to appoint KPMG LLP as the Company's auditors, with 99.76% of the shares represented at the Meeting voting in favour of the resolution. 3. Resolution to accept South Bow's approach to executive compensation, as disclosed in the Company's management information circular dated March 27, 2025, with 95.95% of the shares represented at the Meeting voting in favour of the resolution. About South Bow South Bow safely operates 4,900 kilometres (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast through our unrivalled market position. We take pride in what we do – providing safe and reliable transportation of crude oil to North America's highest demand markets. Based in Calgary, Alberta, South Bow is the spinoff company of TC Energy, with Oct. 1, 2024 marking South Bow's first day as a standalone entity. To learn more, visit www.southbow.com. Contact information Investor RelationsMartha Wilmotinvestor.relations@southbow.com               Media RelationsSolomiya Lyaskovskacommunications@southbow.com   

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