Ms. Katherine Perron reports

CAPITAL POWER REPORTS VOTING RESULTS FROM THE 2025 ANNUAL MEETING OF SHAREHOLDERS

The annual meeting of shareholders for Capital Power Corp. was held on April 29, 2025. Each of the matters voted upon at the annual meeting is discussed in detail in the corporation's management proxy circular, dated March 10, 2025, and available on the corporation's website. The manner in which the ballots or proxies received, as applicable, were voted in respect of each matter is set out in this news release.

Election of directors

Each of the 10 director nominees put forward by management was elected as a director of the corporation to hold office until the close of the next annual meeting of shareholders, or until such director's successor is duly elected or appointed. The voting results are provided in an attached table.

Appointment of auditor

The appointment of KPMG LLP, chartered accountants, to serve as the auditor of the corporation until the close of the next annual meeting of shareholders, at remuneration to be fixed by the directors on the recommendation of the audit committee, was approved. The voting results are provided in an attached table.

Approach to executive compensation

On an advisory basis and not to diminish the role and responsibility of the board of directors, the approach to executive compensation disclosed in the corporation's management proxy circular was approved. The voting results are provided in an attached table.

Shareholder rights plan

A resolution was passed to continue the amended and restated shareholder rights plan agreement made as of April 22, 2016, between the corporation and Computershare Trust Company of Canada. The voting results are provided in an attached table.

About Capital Power Corp.

Capital Power is a growth-oriented power producer with approximately 10 gigawatts of power generation at 30 facilities across North America. The company prioritizes safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for the energy future.