On March 30, 2021, Cascades Inc. filed a management proxy circular soliciting proxies and urged the shareholders to vote against a shareholder proposal, proposed that the Board of Directors and management state the Company’s purpose as a corporation and that one of the Board’s committees has in its mandate to ensure the oversight of the deployment of the policies, commitments and initiatives put in place to realize this new strategic vision, especially with regards to health, environment, human resources and stakeholders relations, submitted by Mouvement d’éducation et de défense des actionnaires (MÉDAC) at the Company’s annual general meeting of shareholders scheduled to be held on May 6, 2021.