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TRANSALTA CORPORATION
(the “Corporation”)

Annual and Special Meeting of Shareholders
(the “Meeting”)

April 30, 2026

REPORT OF VOTING RESULTS

NI 51-102 – Continuous Disclosure Obligations, Section 11.3

Matters Voted Upon

The total number of common shares represented by shareholders present at the Meeting and by proxy was 188,939,751 representing 63.55% of the Corporation’s outstanding common shares.

1.Election of Directors

The nine director nominees proposed by management were elected. The votes by ballot were received as follows:

Nominee			Votes For			Per cent			Against			Per cent
Brian Baker			169,367,796			92.54			13,662,120			7.46
John P. Dielwart			181,971,364			99.42			1,058,552			0.58
Laura W. Folse			182,079,603			99.48			950,310			0.52
Joel E. Hunter			182,377,197			99.64			652,249			0.36
Thomas M. O’Flynn			182,117,078			99.50			912,838			0.50
Bryan D. Pinney			181,353,532			99.08			1,676,382			0.92
James Reid			182,367,358			99.64			662,558			0.36
Manjit K. Sharma			182,312,612			99.61			717,302			0.39
Sandra R. Sharman			181,766,236			99.31			1,261,882			0.69

2.Appointment of Auditors

The appointment of Ernst & Young LLP to serve as the auditors for 2026 was approved. The votes by ballot were received as follows:

Votes For			Per cent			Withheld			Per cent
187,406,979			99.19			1,532,770			0.81

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3.Advisory Vote on Executive Compensation

The non-binding advisory vote to accept the Corporation's approach to executive compensation was approved. The votes by ballot were received as follows:

Votes For			Per cent			Against			Per cent
176,968,517			96.69			6,061,396			3.31

4.Increase in Common Shares Reserved for Issuance under Share Unit Plan

The resolution approving the increase in the number of common shares reserved for issuance under the Corporation’s Share Unit Plan was approved. The votes by ballot were received as follows:

Votes For			Per cent			Against			Per cent
186,169,941			98.53			2,769,806			1.47

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