GoCo Procurement Process: Contract to Manage Canadian Nuclear Laboratories Beyond 2025

• CNL remains the employer of the workforce, licensee and enduring entity • What may change is the ownership of CNL (currently Canadian National Energy Alliance) • Ongoing work, projects and priorities of CNL remain • Stability in CNL workforce to deliver on initiatives underway, existing plans– e.g. [...] • Contracts that CNL has in place remain with CNL 5 UNRESTRICTED/ILLIMITÉE - TLP-White/Blanc Where we are in the Procurement Process The Request for Expression of Interest issued September 2022 to solicit input and feedback from interested parties on various elements of a potential competitive procurement process to manage Canadian Nuclear Laboratories under a GoCo model. [...] The Final Request for Proposal stage 3 • Only Qualified Respondents from the Request for Pre-Qualification stage will be eligible to submit bids in the Final Request for Proposal stage. [...] Contract Finalization Stage and Transition-In/Out stage 4 • Selection of the Preferred Bidder and execution of a final contract• A Preferred Bidder Agreement is signed, followed by execution of the Contract • Overlap of Transition-In/Out activities between incumbent and awardee 6 UNRESTRICTED/ILLIMITÉE - TLP-White/Blanc Pre-Qualification Criteria • Pre-Qualification requirements: 1. [...] Technical evaluation – e.g.: • Managing research, development and demonstration projects, as well as science and technology projects • Managing large projects in decommissioning and waste management • Being responsible for large nuclear facilities, ensuring health, safety, security and environmental protection • Managing large unionized workforce, multidisciplinary teams, etc.