<SEC-DOCUMENT>0000950142-21-000062.txt : 20210111
<SEC-HEADER>0000950142-21-000062.hdr.sgml : 20210111
<ACCEPTANCE-DATETIME>20210111172652
ACCESSION NUMBER:		0000950142-21-000062
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210111
FILED AS OF DATE:		20210111
DATE AS OF CHANGE:		20210111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENOVUS ENERGY INC.
		CENTRAL INDEX KEY:			0001475260
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				980642460
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34513
		FILM NUMBER:		21521708

	BUSINESS ADDRESS:	
		STREET 1:		225 - 6 AVENUE S.W.
		STREET 2:		P.O. BOX 766
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 1N2
		BUSINESS PHONE:		403-766-2000

	MAIL ADDRESS:	
		STREET 1:		225 - 6 AVENUE S.W.
		STREET 2:		P.O. BOX 766
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 1N2
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh210124394_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;"> <br>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">Washington, D.C. 20549</div>
    </div>
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      <div style="line-height: 1.25; font-weight: bold; text-align: center;"> <br>
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      <div style="line-height: 1.25; font-weight: bold; text-align: center;">FORM&#160;6-K</div>
      <div style="line-height: 1.25; color: #000000; font-weight: bold; text-align: center;"> <br>
      </div>
      <div style="line-height: 1.25; color: #000000; font-weight: bold; text-align: center;">Report of Foreign Private Issuer</div>
    </div>
    <div style="background-color: #FFFFFF; line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">Pursuant to Rule&#160;13a-16&#160;or&#160;15d-16&#160;</div>
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">under the Securities Exchange Act of 1934</div>
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            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">For January 2021<br>
            </div>
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          <td style="width: 51.31%; vertical-align: top;">
            <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Commission File Number:&#160;&#160;<font style="font-weight: bold;">1-34513</font></div>
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      <div style="text-align: center; line-height: 1.25; margin-top: 12pt; color: rgb(0, 0, 0); font-weight: bold;">CENOVUS ENERGY INC.</div>
    </div>
    <div style="background-color: rgb(255, 255, 255); line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-style: italic;">(Translation of registrant&#8217;s name into English)</div>
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    <div style="background-color: #FFFFFF; line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; margin-top: 8pt; color: rgb(0, 0, 0);">4100, 225 6 Avenue S.W.</div>
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    <div style="background-color: #FFFFFF; line-height: 1.25;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0);">Calgary, Alberta, Canada T2P 1N2</div>
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-style: italic;">(Address of principal executive office)</div>
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      <div style="text-align: center; margin-right: 212.5pt; margin-left: 212.5pt; line-height: 1.25;">&#160;</div>
    </div>
    <div style="line-height: 1.25; margin-top: 6pt; color: rgb(0, 0, 0);">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F&#160;or&#160;Form&#160;40-F.</div>
    <div style="line-height: 1.25; margin-top: 6pt; color: rgb(0, 0, 0);">Form&#160;20-F&#160;&#160;&#9744;&#160;&#160;&#160;&#160;Form&#160;40-F&#160;&#160;&#9746;</div>
    <div style="line-height: 1.25; margin-top: 12pt; color: rgb(0, 0, 0);">Indicate by check mark if the registrant is submitting the Form&#160;6-K&#160;in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(1):&#160;&#160;&#160;&#9744;</div>
    <div style="line-height: 1.25; margin-top: 12pt; color: rgb(0, 0, 0);">Indicate by check mark if the registrant is submitting the Form&#160;6-K&#160;in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(7):&#160;&#160;&#160;&#9744;</div>
    <div style="margin-left: 36pt; line-height: 1.25; color: #1F497D; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0);">The exhibits to this report shall be incorporated by reference into or as an exhibit to, as applicable, the registrant&#8217;s Registration Statements under the Securities Act of 1933 on Form F-10 (File
      No. 333-233702), Form S-8 (File Nos. 333-163397 and 333-251886) and Form F-3D (333-202165).</div>
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      <div style="line-height: 1.25; color: rgb(0, 0, 0);"> <br>
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    <div style="text-align: center; line-height: 1.25; margin-top: 12pt; color: rgb(0, 0, 0); font-weight: bold;">DOCUMENTS FILED AS PART OF THIS FORM&#160;6-K</div>
    <div style="line-height: 1.25; margin-top: 12pt; color: rgb(0, 0, 0);">See the Exhibit Index to this Form&#160;6-K.</div>
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    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">SIGNATURES</div>
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    </div>
    <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
      thereunto duly authorized.</div>
    <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;"> <br>
    </div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0);">Date:&#160; January 11, 2021 </div>
    <div style="line-height: 1.25; margin-top: 8pt; color: rgb(0, 0, 0);">
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            <td colspan="3" rowspan="1" valign="top">
              <div>CENOVUS ENERGY INC.</div>
              <div>(Registrant) </div>
            </td>
            <td rowspan="1" style="width: 10%;" valign="top">&#160;</td>
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              <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left"><br>
              </div>
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              <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;" align="left">By: </div>
            </td>
            <td rowspan="1" colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);" valign="top">/s/ Elizabeth A. McNamara<br>
            </td>
            <td style="width: 10%; padding-bottom: 2px;" valign="top">&#160;</td>
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            <td style="width: 5%;" valign="top">&#160;</td>
            <td colspan="1" style="width: 6%; text-align: left; vertical-align: top;">Name:<br>
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            <td style="width: 10%;" valign="top">&#160;</td>
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            <td style="width: 5%;" valign="top">&#160;</td>
            <td colspan="1" style="width: 6%;" valign="top">Title:<br>
            </td>
            <td style="width: 25%;" valign="top">Assistant Corporate Secretary</td>
            <td style="width: 10%;" valign="top">&#160;</td>
          </tr>
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            <td style="width: 50%;" valign="top">&#160;</td>
            <td style="width: 5%;" valign="top">&#160;</td>
            <td colspan="1" style="width: 6%;" valign="top">&#160;</td>
            <td style="width: 25%;" valign="top">&#160;</td>
            <td style="width: 10%;" valign="top">&#160;</td>
          </tr>

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      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0);">Form&#160;6-K&#160;Exhibit Index</div>
    </div>
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      <div style="line-height: 1.25;">&#160;</div>
    </div>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Exhibit No.</div>
            </td>
            <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Description</div>
            </td>
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            <td style="width: 10%; vertical-align: top;">&#160;</td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 88%; vertical-align: top;">&#160;</td>
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              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">99.1</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 88%; vertical-align: top;">
              <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">
                <div style="text-align: justify; line-height: 1.25;"><a href="eh210124394_ex9901.htm">Material Change
                    Report</a> <br>
                </div>
              </div>
            </td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh210124394_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="font-family: 'Times New Roman',Times,serif; text-align: right;"><font style="font-weight: bold;">EXHIBIT 99.1</font><br>
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  <div style="font-family: 'Times New Roman',Times,serif;"><br>
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    <div style="text-align: center; margin-right: 2.7pt; line-height: 1.25; margin-bottom: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">FORM 51-102F3<br>
      MATERIAL CHANGE REPORT</div>
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    </div>
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      <table class="DSPFListTable" id="ze1eb010c8af94861ad485a433d5dd375" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

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              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item </font><font style="font-weight: bold;">1.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Name and Address of Company</font></div>
            </td>
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    </div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">Cenovus Energy Inc. ("<font style="font-weight: bold;">Cenovus</font>")</div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">4100, 225 &#8211; 6 Avenue SW</div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">Calgary, Alberta&#160; T2P 1N2</div>
    <div>
      <table class="DSPFListTable" id="z050a90ae8f314f9cbe9a2605dc95a789" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

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            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 2.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Date of Material Change</font></div>
            </td>
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    <div style="margin: 0px 2.7pt 0px 49.5pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;"> January 1, 2021</div>
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      <table class="DSPFListTable" id="z3c183021700c47b7a71d5f896119f8c8" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

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            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 3.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Press Release</font></div>
            </td>
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    </div>
    <div style="margin: 0px 2.7pt 0px 49.5pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">A news release disclosing the material change was issued by Cenovus on January 4, 2021
      through the services of Globe Newswire.</div>
    <div>
      <table class="DSPFListTable" id="zca7dc0090e2a4c31bd669255a29a664a" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

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            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 4.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Summary of Material Change</font></div>
            </td>
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    <div style="margin: 0px 2.7pt 0px 49.5pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">Effective January 1, 2021, Cenovus completed its previously announced acquisition of all
      of the issued and outstanding common shares ("<font style="font-weight: bold;">Husky</font>&#160;<font style="font-weight: bold;">Common Shares</font>") and preferred shares ("<font style="font-weight: bold;">Husky Preferred Shares</font>") of Husky Energy Inc. ("<font style="font-weight: bold;">Husky</font>") pursuant to a court approved plan of arrangement ("<font style="font-weight: bold;">Plan of Arrangement</font>") under the <font style="font-style: italic;">Business Corporations Act </font>(Alberta) (the "<font style="font-weight: bold;">Arrangement</font>"). As a result of completing the Arrangement, Husky has become a wholly-owned subsidiary of Cenovus.</div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">Pursuant to the Arrangement, holders of Husky Common Shares received 0.7845 of a Cenovus
      common share ("<font style="font-weight: bold;">Cenovus Common Share</font>") and 0.0651 of a Cenovus common share purchase warrant ("<font style="font-weight: bold;">Cenovus Warrant</font>") in respect of each Husky Common Share held, resulting in the issuance of 788,517,905<font style="font-weight: bold;">&#160;</font>Cenovus Common Shares and 65,433,323<font style="font-weight: bold;">&#160;</font>Cenovus Warrants, and holders of Husky
      Preferred Shares exchanged each Husky Preferred Share for one Cenovus preferred share ("<font style="font-weight: bold;">Cenovus Preferred Share</font>") with substantially
      identical terms.</div>
    <div>
      <table class="DSPFListTable" id="zcc7c94aebf064960a60fb3f5af1aa661" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 5.1</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Full Description of Material Change</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;">
      <div style="margin: 0px 2.7pt 0px 49.7pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
      </div>
      <div style="margin-top: 0px; margin-bottom: 0px; line-height: 1.25; text-align: justify; margin-left: 45pt;">Effective January 1, 2021, Husky completed the Arrangement in
        accordance with the Arrangement Agreement dated October 24, 2020 and the Plan of Arrangement.&#160; As a result of completing the Arrangement, Husky has become a wholly-owned subsidiary of Cenovus.</div>
      <div style="margin: 0px 2.7pt 0px 49.7pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">Pursuant to the Arrangement, holders of Husky Common Shares received 0.7845 of a Cenovus
      Common Share and 0.0651 of a Cenovus Warrant in respect of each Husky Common Share held, resulting in the issuance of 788,517,905<font style="font-weight: bold;">&#160;</font>Cenovus
      Common Shares and 65,433,323<font style="font-weight: bold;">&#160;</font>Cenovus Warrants, and holders of Husky Preferred Shares exchanged each Husky Preferred Share for one Cenovus
      Preferred Share with substantially identical terms. Each whole Cenovus Warrant entitles the holder to acquire one Cenovus Common Share at an exercise price of $6.54 for a period of 60 months from the date of issuance.</div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">The Cenovus Warrants have been listed on the Toronto Stock Exchange ("<font style="font-weight: bold;">TSX</font>") under the ticker symbol "CVE.WT" and on the New York Stock Exchange under the ticker symbol "CVE WS". The Cenovus Preferred Shares Series 1, Series 2, Series 3,
      Series 5 and Series 7 have been listed on the TSX under the ticker symbols "CVE.PR.A", "CVE.PR.B", "CVE.PR.C", "CVE.PR.E" and "CVE.PR.G". The Husky Common Shares and Husky Preferred Shares were delisted from the TSX at the close of trading on January
      5, 2021.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <!--PROfilePageNumberReset%Num%2%- % -%-->
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">In addition, pursuant to the Arrangement, each option to acquire a Husky Common Share (a "<font style="font-weight: bold;">Husky Option</font>") was exchanged for an option to acquire such number of Cenovus Common Shares as is equal to that number of Husky Common Shares
      that were issuable upon exercise of such Husky Option, multiplied by 0.7845, with an exercise price per Cenovus Common Share equal to the exercise price per share of such Husky Option divided by 0.7845 and rounded up to the nearest whole cent. All
      Husky Options were concurrently cancelled and terminated.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">Hutchison Whampoa Europe Investments S.&#224; r.l. and L.F. Investments S.&#224; r.l. which, following closing of the
      Arrangement, hold approximately 15.71% and 11.46%, respectively, of the issued and outstanding Cenovus Common Shares on a non-diluted basis, have each entered into a separate standstill agreement with Cenovus, taking effect as of the closing of the
      Arrangement, pursuant to which such shareholder will be subject to certain voting requirements, transfer restrictions and other standstill restrictions for a maximum term of five years following closing, including a lock&#8208;up period that will restrict
      such shareholder from transferring any of its Cenovus Common Shares for a period of 18 months following closing, subject to certain limited exceptions. In addition, in connection with the closing of the Arrangement, Hutchison Whampoa Europe
      Investments S.&#224; r.l. and L.F. Investments S.&#224; r.l. have each entered into a separate registration rights agreement and pre-emptive rights agreement with Cenovus, pursuant to which such shareholder has been provided with customary registration and
      pre&#8208;emptive rights.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">Effective on closing of the Arrangement, the board of directors of Cenovus consists of eight members of the
      prior board of directors of Cenovus: Keith A. MacPhail (as Independent Board Chair), Alex J. Pourbaix, Keith M. Casey, Jane E. Kinney, Harold N. Kvisle, Richard J. Marcogliese, Claude Mongeau and Rhonda I. Zygocki, and four members of the prior board
      of directors of Husky: Canning K. N. Fok, Eva L. Kwok, Wayne E. Shaw and Frank J. Sixt.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-left: 45pt;">In addition, immediately following closing of the Arrangement, Cenovus's executive teams consists of:</div>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 6pt;" class="DSPFListTable" id="zd074c8ccf7eb4104b049f91323d088a2" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Alex Pourbaix &#8211; President &amp; Chief Executive Officer</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z06e30cb0da554ae7bd5eec8716673b1d" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Jeff Hart &#8211; Executive Vice-President &amp; Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z6c3b4a0768be4febb8fa45a8c0c51bc3" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Jon McKenzie &#8211; Executive Vice-President &amp; Chief Operating Officer</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="zad4958407de7484d8ba971a62ac0aad2" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Keith Chiasson &#8211; Executive Vice-President, Downstream</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z0220abd936284037be5759b19fb0d244" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Andrew Dahlin &#8211; Executive Vice-President &#8211; Safety &amp; Operations Technical Services</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z15abf816b0b94b15bc3d958e558cf329" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Norrie Ramsay &#8211; Executive Vice-President, Upstream &#8211; Thermal, Major Projects &amp; Offshore</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z7cf25a7c5b574f679a676a05d6543603" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Kam Sandhar &#8211; Executive Vice-President, Strategy &amp; Corporate Development</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="zb48971a7faea4455a8dc3ccf4cef934f" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Sarah Walters &#8211; Executive Vice-President, Corporate Services</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="zda2136557b104c74b1550b5c52f209fd" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Drew Zieglgansberger &#8211; Executive Vice-President, Upstream &#8211; Conventional &amp; Integration</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="z9a169e8a1dc747048f953a6079e7072e" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Rhona DelFrari &#8211; Chief Sustainability Officer &amp; Senior Vice-President, Stakeholder Engagement</div>
          </td>
        </tr>

    </table>
    <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 3pt; margin-top: 3pt;" class="DSPFListTable" id="zed49baf979e545ab842523a4dac4c79f" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 67.7pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top; align: right;">&#8226;</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Gary Molnar &#8211; Senior Vice-President Legal, General Counsel &amp; Corporate Secretary</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div>
      <table class="DSPFListTable" id="z819fda344fba4998a4b17c3da19f2816" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="text-align: justify; margin-right: 2.7pt; line-height: 1.25;"><font style="font-weight: bold;">Item 5.2.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: justify; margin-right: 2.7pt; line-height: 1.25;"><font style="font-weight: bold;">Disclosure for Restructuring Transactions</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;"> N/A</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: normal; font-style: normal;">- 2 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;" noshade="noshade"></div>
    </div>
    <div>
      <table class="DSPFListTable" id="zc7d8fae3592c43c7b89f389a10983712" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 6.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Reliance on subsection 7.1(2) of National Instrument 51-102</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 0px 0px 0px 45pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">N/A</div>
    <div>
      <table class="DSPFListTable" id="z93d762b744a849b7bfed4189f641eb0a" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 7.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Omitted Information</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 0px 0px 0px 45pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">N/A</div>
    <div>
      <table class="DSPFListTable" id="zc0110e4d4b68425693dc0a4dc3d2da18" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 8.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Executive Officer</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 6pt; margin-left: 45pt;">The name and business telephone number of the executive officer of Cenovus who is
      knowledgeable about the material change and this report is:</div>
    <div style="line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">Gary Molnar<br>
      Senior Vice-President Legal, General Counsel &amp; Corporate Secretary<br>
      Telephone at 403-766-2000</div>
    <div>
      <table class="DSPFListTable" id="zddb7c492312d4c47ba3f7fcb6144b87b" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" cellpadding="0" cellspacing="0">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Item 9.</font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="margin: 0px 2.7pt 0px 0px; line-height: 1.25; text-align: justify;"><font style="font-weight: bold;">Date of Report</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="margin: 0px 0px 0px 45pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif; text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;">January 11, 2021</div>
    <div style="text-align: justify; line-height: 1.25; margin-bottom: 12pt; margin-left: 45pt;"> <br>
    </div>
    <div style="line-height: 1.25; text-align: center;"><font id="DSPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">- 3 -</font></div>
    <div style="line-height: 1.25; margin-bottom: 12pt;">
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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</SEC-DOCUMENT>
