GlobeNewswire Inc | May 12, 2021 07:24PM EDT

May 12, 2021

CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on May 12, 2021, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 15, 2021 were elected as Directors. The detailed results of the vote are set out below.

Nominee Votes for Votes withheld Number Percent Number PercentKeith M. Casey 1,629,920,383 98.97 16,903,774 1.03Canning K.N. Fok 1,234,968,826 74.99 411,855,331 25.01Jane E. Kinney 1,633,018,059 99.16 13,806,098 0.84Harold N. Kvisle 1,319,701,189 80.14 327,122,969 19.86Eva L. Kwok 1,630,748,431 99.02 16,075,726 0.98Keith A. MacPhail 1,589,161,565 96.50 57,662,592 3.50Richard J. Marcogliese 1,578,975,905 95.88 67,816,872 4.12Claude Mongeau 1,633,092,303 99.17 13,731,854 0.83Alexander J. Pourbaix 1,632,905,234 99.16 13,915,002 0.84Wayne E. Shaw 1,634,382,317 99.24 12,440,494 0.76Frank J. Sixt 1,281,126,425 77.79 365,697,732 22.21Rhonda I. Zygocki 1,595,374,642 96.88 51,445,593 3.12

Cenovus again welcomes Canning K.N. Fok, Eva L. Kwok, Wayne E. Shaw and Frank J. Sixt to its Board of Directors. The former members of Husky Energys Board of Directors joined the Cenovus Board of Directors as of January 1, 2021 in connection with the Husky transaction and bring a diverse skillset and valuable depth of knowledge of Huskys portfolio of assets.

Cenovus would like to extend its sincere thanks and best wishes to Susan F. Dabarno, Steven Leer and M. George Lewis for their contributions to Cenovuss Board of Directors and dedication to the company. They departed the Board in connection with the Husky transaction.

Cenovus Energy Inc.Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the companys preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

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CENOVUS CONTACTS: Investor Relations MediaInvestor Relations general line Media Relations general line403-766-7711 403-766-7751