Centerra Gold Inc. ($CG)

Good morning, ladies and gentlemen. I am Paul Wright, Chair of Centerra Board of Directors. And on behalf of the Board, I would like to welcome you this Annual General Meeting of Shareholders of Centerra Gold Inc. I am here with Centerra's President and CEO, Altamari, Centerra's Corporate Secretary, Mr. Yousef Rehman. Also participating on this virtual meeting are some members of the current Board and members of the management of Centerra. As with last year, we are holding this meeting in a virtual-only format. Few housekeeping matters to go through before we commence the business at hand. First, all microphones are automatically on mute, questions by shareholders and duly appointed proxy holders can be submitted via the Lumi chat option. Please note that there will be a slight delay in the publication of the communications received. Secondly, questions will only be addressed at the end of the meeting. However, questions regarding procedural matters are directly related to a specific motion may be addressed during the meeting. Only be addressing questions pertaining to the business at hand for this meeting. Depending on the number of questions received, may not be able to address all of them. We cannot address all questions raised during the meeting. Member of management will endeavor to respond as soon as practical after the meeting. We always appreciate comments and feedback from our shareholders and encourage you to reach out to our Investor Relations department at any time with any questions. Questions or comments containing inappropriate language, profanities, hostilities that are otherwise disruptive to the orderly conduct of the meeting will not be published or answered. Similarly, questions or comments which are redundant will not be published or answered. We will conduct the votes on all matters before us today by a single electronic ballot. Electronic ballot is now available on your screen. This will allow you to choose to vote on each resolution immediately. We'll wait to vote until all items of business are presented. Once all items of business are brought before the meeting, shareholders and proxy holders will have approximately 1 minute to complete the electronic ballot. I will then announce that balloting has closed and direct the scrutineers to tabulate and report the voting results for each matter. Polls are now open. We encounter any technical difficulties with the webcast, please remain logged in, and we will resume as soon as possible. Lastly, to expedite the formal part of the meeting, I will move all motions. No such motions will need to be seconded. We'll now proceed with the formal part of the meeting, which is to conduct the business set forth in the notice dated March 20, 2026. On April 2, 2026, the Notice of the Meeting and the Management Information Circular, formal proxy, annual report containing the financial statements and auditor's report thereon were made available to all the shareholders entitled to receive notice. The secretary has received an affidavit from TSX Trust Company, Centerra's registrar and transfer agent, testing to the mailing of Notice of Meeting, the Management Information Circular, the form of proxy and the annual report to registered shareholders of the company who requested delivery of paper copies of such materials. Unless there are any objections, I propose that we take the notice of meeting as having been read. In accordance with the bylaws of the company, I will act as Chair of this meeting. Yousef Rehman will act as Secretary. And with the consent of the meeting, TSX Trust Company by its representatives, will act as scrutineer. I have been advised by the Secretary that based upon the scrutineers' report on attendance, we have a quorum for the meeting. I now declare that this Annual Meeting of Shareholders is duly constituted for the transaction of business. There are 3 matters to deal with as part of the formal business of the meeting. One, the election of directors two, the appointment of auditors; and three, the approval of a nonbinding advisory resolution to accept the company's approach to executive compensation. I have minutes from last year's Annual Meeting of Shareholders held on May 6, 2025. Unless there are any objections, I propose that we dispense with the reading of the minutes. Chair has made available on SEDAR+ and on EDGAR copies of its annual report and consolidated financial statements for the year ended December 31, 2025, and the auditor's report thereon. If any shareholder or proxy holder has any questions on them, I would ask you to submit them to be dealt with later during the general question period. We'll now proceed with the election of directors. Mr. [indiscernible] is standing for election to our Board at this meeting. The remaining 7 directors proposed for nomination in the management information circular, our incumbent directors standing for reelection. The company has adopted an advanced notice bylaw, which requires that any director nomination, be received by the company in advance of this meeting. As no such nominations have been received, I move to nominate the following individuals set out in the management information circular for election to the Centerra Board. Karen David-Green Wendy Kei, John Kitlin, Nancy Lipson, Greg McDougal, Michael Parrett, and myself, Paul Wright. I declare the nominations closed and move a motion to elect each of these 8 nominees as directors of the company. For those shareholders and proxy holders who have properly registered for today's meeting, you may vote for or against in respect of each individual Director nominee now or wait until all items of business are presented. Voting today is being conducted by a single ballot, we will continue with the next item of business. We'll now proceed with the appointment of the auditors and the authorization of the directors to fix their remuneration. I move a motion to approve the appointment of KPMG LLP as the auditors of the company for the ensuing year and to authorize the directors of the company to fix the remuneration to be paid to the auditors. Shareholders and proxy holders who are properly registered for today's meeting may vote for or withhold in respect of the resolution appointing KPMG LLP as auditors of the company. Final item of business before today's meeting is the consideration and approval of a nonbinding advisory resolution accepting the company's approach to executive compensation as described in the management information circular. I move a motion to approve the resolution to accept the company's approach to executive compensation. Shareholders and proxy holders who have properly registered for today's meeting may now vote for or against the non-advisory resolution accepting the company's approach to executive compensation. This concludes the items of business to be considered at today's meeting. We'll now provide registered shareholders and duly appointed proxy holders approximately 1 minute to complete the electronic ballot. If you have not already done so, please indicate your vote on the electronic ballot by pressing the for or against buttons next to resolutions electing each individual director nominee and the advisory resolution on executive compensation. or the 4 or withhold buttons next to the appointment of KPMG LLP as auditors of the company. Once electronic balloting closes, the voting page will disappear and your ballots will automatically be submitted. Groupeneers will then compile and report on the results of voting on all items of business. [Voting]

Thank you. Balloting is now closed. The scrutineers will now tabulate the voting results. While they do this, I would be happy to respond to any questions from our shareholders and proxy holders. We'd like to remind you that questions which were already answered will not be published or answered. Please limit your topic, your questions to topics relating to today's subject matter and keep your questions short and to the point. We will answer as many questions as time permits. We will now give attendees a moment to type in their questions. There being no questions, I will now proceed with the results of voting. I have been provided with scrutineers' report regarding the motor matters voted on. Based on the results of voting, I declare that each of the 8 individuals nominated has been elected as a director of Centerra to hold office until the next Annual Meeting of Shareholders or until their respective successors are duly elected or appointed. Scrutineer has indicated that the motion to appoint KPMG LLP as the auditors of the company for the ensuing year and to authorize the directors of the company to fix the remuneration to be paid to the auditors has been carried. Scrutineer has also indicated that the motion to approve the nonbinding advisory resolution to accept the company's approach to executive compensation has been carried. As there is no further business to come before this meeting, we will terminate the meeting. Thank you all for attending.