An anonymous director reports

ARC RESOURCES LTD. ANNOUNCES RESULTS OF SPECIAL SHAREHOLDER MEETING & PROVIDES UPDATE ON REGULATORY APPROVALS

Today at ARC Resources Ltd.'s special meeting of holders of common shares of ARC, ARC shareholders voted in favour of the previously announced plan of arrangement involving ARC, ARC shareholders, Shell PLC and Shell Canada Ltd.

At the meeting, the special resolution approving the arrangement was approved by approximately 99.54 per cent of the votes cast by ARC shareholders, present on-line or represented by proxy at the meeting. For additional details of the voting results on the arrangement resolution, see ARC's report of voting results filed pursuant to Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, available on ARC's profile on SEDAR+.

Regulatory approvals

ARC continues to advance the approvals required in connection with the proposed arrangement. To date, three key regulatory approvals necessary for closing of the arrangement have been obtained, including approvals under the Competition Act, the Canada Transportation Act and the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (United States). The Alberta Securities Commission has also granted Shell with exemptive relief from applicable requirements in connection with Shell's share buyback programs on the United Kingdom and Netherlands markets, a condition to closing the arrangement. The application for approval of the arrangement by the Court of King's Bench of Alberta is scheduled to be heard on July 15, 2026, at 10 a.m. Mountain Time.

Subject to the receipt of the court approval as well as certain other remaining regulatory approvals and the satisfaction of other customary closing conditions, the arrangement is expected to close in the second half of 2026, and the ARC shares are expected to subsequently be delisted from the Toronto Stock Exchange.

About ARC Resources Ltd.

ARC Resources is a pure play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the TSX under the symbol ARX.

We seek Safe Harbor.