CWB-Management Proxy Circular-2023-EN

SARAH A. MORGAN-SILVESTER, O.B.C.

Board/Committee Membership (1)

Attendance (100% Overall)

Board of Directors (Chair)

7 of 7 4 of 4 4 of 4 2 of 2 6 of 6

Vancouver, British Columbia, Canada Age: 63 Director Since: 2014 Independent

Audit Committee GCR Committee HR Committee Risk Committee

Total

23 of 23

Results of 2022 vote: 99.6% for

Ms. Morgan-Silvester is a Corporate Director. She has a background in financial services and was previously EVP, Personal Financial Services and Wealth Management of HSBC Bank Canada, and President and CEO of HSBC Trust Company (Canada). She currently serves on a number of boards including as Board Chair of Grosvenor Americas Partners. She served in the past as Chancellor of the University of British Columbia, Chair of Vancouver Fraser Port Authority, Chair of BC Women’s Hospital and Health Centre Foundation, and as director of private companies and other organizations. Ms. Morgan-Silvester received a Bachelor of Commerce (Hons) from the University of British Columbia and is a Fellow of the Institute of Canadian Bankers. She also holds a Human Resources and Compensation Committee designation from the Directors College. Ms. Morgan-Silvester has been appointed to the Order of British Columbia and is the recipient of multiple awards including, the Queen Elizabeth II Diamond Jubilee Medal, Association of Women in Finance Lifetime Achievement Award, Influential Women in Business Lifetime Achievement Award, and WXN’s Canada’s Most Powerful Women: Top 100 award.

Other Public Company Directorships During the Last Five Years

Role on Current Other Boards and Committees

British Columbia Ferry Services Inc. (2016 – Present) (2)

Audit and Finance Committee (Chair) Capital Projects Committee

NAV CANADA (2023 – Present) (2)

Audit & Finance Committee Human Resources & Compensation Committee Pension Committee

Equity Ownership

Total Common Shares and DSUs

Total Value of Common Shares and DSUs ($)

Total Amount at Risk as a Multiple of Equity Requirement ($570,000)

Total Amount at Risk as a Multiple of Annual Retainer

Year

Common Shares DSUs

2023

11,650

35,267

46,917

1,319,306

2.3

7.5

2022 8.7 (1) Effective April 7, 2022, Ms. Morgan-Silvester joined the Audit Committee and HR Committee. As Chair of the Board, Ms. Morgan-Silvester serves as a member of all Board committees. (2) Reporting issuer but not listed on a stock exchange. 11,650 27,900 39,550 1,527,817 2.7

MARGARET J. MULLIGAN, FCPA, FCA

Board/Committee Membership

Attendance (84% Overall)

Board of Directors Audit Committee

6 of 7 5 of 6 5 of 6

Oakville, Ontario, Canada Age: 64 Director Since: 2017 Independent

Risk Committee

16 of 19

Total

Results of 2022 vote: 99.8% for

Ms. Mulligan is a Corporate Director. She was previously the EVP and CFO of Valeant Pharmaceuticals International Inc. (formerly Biovail Corporation), EVP, CFO and Treasurer of Linamar Corporation, and the EVP, Systems and Operations of Bank of Nova Scotia. She is also a past Governor of the University of Waterloo and Trustee of the Ontario Science Centre. Ms. Mulligan is a Chartered Professional Accountant. She received a Bachelor of Mathematics (Hons) from the University of Waterloo and is a Fellow of the Chartered Professional Accountants of Ontario.

Other Public Company Directorships During the Last Five Years

Role on Current Other Boards and Committees

New Gold Inc. (2018 – Present)

Audit Committee Human Resources and Compensation Committee (Chair)

Ontario Power Generation Inc. (2005 – 2019)

-

ClearStream Energy Services Inc. (2014 – 2018)

-

Capital Power Corporation (2012 – 2016)

-

Equity Ownership

Total Common Shares and DSUs

Total Value of Common Shares and DSUs ($)

Total Amount at Risk as a Multiple of Equity Requirement ($570,000)

Total Amount at Risk as a Multiple of Annual Retainer

Year

Common Shares DSUs

2023

9,000

32,897

41,897

1,178,144

2.1

6.7

2022

9,000

24,780

33,780

1,304,921

2.3

7.5

11 | Canadian Western Bank- Management Proxy Circular

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