. 8th F loo r, 100 Uni vers it y A ven ue Toron to , On tari o M5J 2Y1 www.com putershare.com Security Class Holder Account Num ber Fo ld This Form of Proxy is solicited by and on behalf of Management. Notes to proxy 1. Every shareholder has the right to appoint some other person or company of their choice, who need not be a shareholder, to at tend and act on their behalf at the m eeting or any adjournment or postponement thereof. If you wish to appoint a person or compan y other than the persons whose names are printed herein, please insert the nam e of your chosen proxyholder in the space provided (see reverse). 2. If the securities are registered in the name of more than one ow ner (for ex ample, joint ownership, trustees, executors, etc.), then all registered owners must sign this proxy. If y ou are voting on behalf of a corporation or another individual, you must sign this proxy with your signing capacity stated, and you may be required to provide documentation ev idencing your pow er to sign this proxy. 3. The signature(s) on the prox y must match the shareholder name(s) printed at the top of the form. 4. If this prox y is not dated, it w ill be deemed to bear the date on w hich it is mailed by Management to the shareholder. 5. The securities represented by this proxy will be voted as directed by the shareholder, however, if such a direction is not m ade in respect of any matter, this proxy will be voted as recommended by Management. 6. The securities represented by this proxy will be voted in favour or withheld from voting or voted against each of the matters described herein, as applicable, in accordance with the instructions of the shareholder, on any ballot that may be called for and, if the shareholder has specified a choice with respect to any matter to be acted on, the securities will be v oted accordingly. 7. This proxy confers discretionary authority in respect of amendments or variations to matters identified in the Notice of Meeting or other matters that may properly come before the meeting or any adjournment or postponement thereof. 8. This proxy should be read in conjunction with the accompanying documentation provided by Management. Fold Proxies submitted must be received by 1:00 pm, Mou ntain Time, on Tuesday, May 5, 2020. VOTE BY MAIL BY RETURNING THE PROX Y IN THE INCLUDED ENVELOPE OR BY TELEPHONE OR INTERNET 24 HOURS A DAY 7 DAYS A WEEK! . . . To Vote By Internet To Receive Docum ents Electronically To Vote By Telephone • You can enroll to receive future shareholder communications electronically by visiting w ww.investorcentre.com and clicking at the bottom of the page. (see rev erse) • Call the number listed BELOW from a touch tone telephone. 1-866-732-VOTE (8683) Toll Free • Go to the following web site: www.investorvote.com • Sm artphone? Scan the QR code to v ote now. I f you vote by telephone or the Internet, DO NOT mail back this proxy. Voting by mail or by Internet are the only methods by which a shareholder may appoint a person as proxyholder other than the Management nominees named on the r everse of this proxy. To vote by telephone or the Internet, you will need to provide your CONTROL NUMBER listed below. CONTROL NUMBER 01KEQA Form of Proxy - Annual Meeting to be held on May 7, 2020
. Appointment of Proxyholder I/We, being shareholder(s) of Enerplus Corporation (the “Corporation”) hereby appoint: Ian C. Dundas, the President & Chief Executive Officer of the Corporation, or failing him, David A. Mc Coy, the Vice-President, General Counsel & Corporate Secretary of the Corporation Pr int the name of the per son you are appointing if this per son is someone other than the Management Nominees listed her ein OR as my/our prox yholder w ith full power of substitution and to attend, act and to vote for and on behalf of the shareholder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and on all other matters that may properly come before the Annual Meeting of shareholders of the Corporation (the “ Meeting” ) to be held at the offices of the Corporation, Suite 3000, 333 – 7th Ave SW, Calgary, Alberta on Thursday, May 7, 2020 at 1:00 PM (Mountain Time) and at any adjournment or postponement thereof. VOTING RECOMMENDATIONS ARE INDICATED BY 1. Election of Directors OVER THE BOXES. Vote all nominees listed below (or vote for individual nominees below) Withhold Withhold Withhold 03. KAREN E. CLARKE-WHISTLER 01. ELLIOTT PEW 02. JUDITH D. BUIE Fold 05. IAN C. DUNDAS 04. MICHAEL R. CULBERT 06. HILARY A. FOULKES 07. ROBERT B. HODGINS 08. SUSAN M. MACKENZIE 09. JEFFREY W. SHEETS 10. SHELDON B. STEEVES Withhold 2. Appointm ent of Auditors To appoint KPMG LLP, Independent Registered Public Accounting Firm, as auditors of the Corporation. Against 3. Approval of an Am endm ent to the Share Award Incentive Plan To consider and, if thought advisable, approve an ordinary resolution, the text of which is set out in the accompanying Infor mation Circular and Proxy Statement of the Corporation dated March 31, 2020 (the “ Infor mation Circular” ), to approve an amendment to the Corporation’s share award incentive plan as described in further detail in the Information Circular. Against 4. Approval of Unallocated Awards under the Share Award Incentive Plan To consider and, if thought advisable, pass an ordinary resolution, the text of which is set forth in the Information Circular, to approve all unallocated restricted share unit awards and performance share unit aw ards under the Corporation’s share aw ard incentive plan. Against 5. Advisory Resolution on Executive Compensation To vote, on an advisory, non-binding basis, on an ordinary resolution, the text of which is set forth in the Information Circular, to accept the Corporati on’s approach to ex ecutive compensation. Fo ld Signatur e(s) Date Authorized Signature(s) - This section must be completed for your instructions to be executed. I/We authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any proxy previously given with respect to the Meeting. If no voting instructionsare indicated above, this Pr oxy will be voted as r ecommended by Management. DD / MM / YY Inter im Financial Statements – Mark this box if you w ould like to receive Interim Financial Statements and accompanying Management’s Discussion and Analysis by mail. Annual Financial Statements – Mark this box if you w ould NOT like to receive the Annual Financial Statements and accompanying Management’s Discussion and Analysis by mail. E R J Q 293941 AR3 01KERG For For For For For For For For HIGHLIGHTED TEXT