. CENOVUS ENERGY INC ORS SH, ISIN CA15135U1093.

04.05.2017

, Π-ʻ Euroclear Bank N.A. , .

ISIN
(DRIP) CA15135U1093 CENOVUS ENERGY INC ORS SH 01.05.2017

--------------- EVENT DETAILS ------------------- ADRIP DIVIDEND HAS BEEN ANNOUNCED. YOU HAVE THE CHOICE BETWEEN CASH ORSHARES . RESTRICTIONS: .------------ ALLREGISTERED AND BENEFICIAL OWNERS OFCOMMON SHARES WHO ARE RESIDENTS INCANADA, INTHE UNITED STATES AND ANY OTHER JURISDICTION WHERE THE COMMON SHARES ARE QUALIFIED FOR SALE CAN PARTICIPATE INTHE PLAN. THE COMMON SHARES ARE REGISTERED UNDER THE UNITED STATES SECURITIES EXCHANGE ACT OF1934AND ARE OFFERED FOR SALE INBOTH CANADA AND THE UNITED STATES. . CANADIAN TAXATION REGIME: .------------------------ THE NORMAL TAXATION REGIME INCANADA IS25PCT WHICH MEANS THAT SHAREHOLDERS RESIDENT INCANADA WILLBE SUBJECT TO25PCT WITHHOLDING TAX. . HOWEVER, SHAREHOLDERS OWNING A ONE-TIME CERTIFICATE, MEANING THAT THEY ARE RESIDENT OUTSIDE OFCANADA, MAY BESUBJECT TOONLY 15PCT WITHHOLDING TAX. . ITISTHE SHAREHOLDERS RESPONSIBILITY TOKNOW TOWHICH TAXATION REGIME THEY BELONG. . THE PAYMENT DATE OFTHE SHARES WILLBE DONE APPROXIMATELY TWO TO SIXWEEKS AFTER THE PAYMENT OFTHE CASH. . . THIS CORPORATE ACTION NOTIFICATION DOES NOT CONSTITUTE ANOFFER TOSELLOR THE SOLICITATION OFANOFFER TOBUY ANY SECURITIES BY ANYONE INANY JURISDICTION. ITISNOT, AND SHOULDNOT BECONSTRUED ORTREATED AS, INVESTMENT ORFINANCIAL ADVICE. INPROVIDING THIS INFORMATION, EUROCLEAR BANK ISNOT ACTING ASAGENT OFTHE ISSUER. BYSENDING ANINSTRUCTION TOEUROCLEAR BANK, YOU CONFIRM THAT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) COMPLY WITH THE TERMS AND CONDITIONS OFTHE CORPORATE EVENT AND COMPLY WITH APPLICABLE LOCAL LAWS ORREQUIREMENTS, INCLUDING BUT NOT LIMITED TOHOLDING AND TRANSFER RESTRICTIONS. IFHOLDING AND TRANSFER RESTRICTIONS WOULDPROHIBIT YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) TOHOLDTHE PROCEEDS OFA CORPORATE EVENT INYOUR ACCOUNT INEUROCLEAR BANK, YOU (AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) MUST ENSURE TOSEND AN INSTRUCTION TOALLOW THE TRANSFER OFTHESE PROCEEDS TOANACCOUNT OUTSIDE THE EUROCLEAR SYSTEM. . : Π-ʻ , Euroclear Bank N.A.