<SEC-DOCUMENT>0001171843-22-003646.txt : 20220512
<SEC-HEADER>0001171843-22-003646.hdr.sgml : 20220512
<ACCEPTANCE-DATETIME>20220512171151
ACCESSION NUMBER:		0001171843-22-003646
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220512
FILED AS OF DATE:		20220512
DATE AS OF CHANGE:		20220512

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANTEC INC
		CENTRAL INDEX KEY:			0001131383
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING SERVICES [8711]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32562
		FILM NUMBER:		22918930

	BUSINESS ADDRESS:	
		STREET 1:		400 10220 103 AVENUE NW
		STREET 2:		EDMONTON ALBERTA T5J 0K4 CANADA
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			00000
		BUSINESS PHONE:		780-917-7000

	MAIL ADDRESS:	
		STREET 1:		400 10220 103 AVENUE NW
		CITY:			EDMONTON, ALBERTA
		STATE:			A0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_051222.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Washington, DC 20549</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Form 6-K</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Report of Foreign Private Issuer</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Pursuant to Rule 13a-16 or 15d-16 of</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">the Securities Exchange Act of 1934</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-size: 10pt">For the Month of: May, 2022</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 49%; font-size: 10pt; text-align: right">Commission File Number: 001-32562</TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">STANTEC INC.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Name of Registrant)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">400 &ndash; 10220 103 Avenue NW</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Edmonton, Alberta</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">Canada T5J 0K4</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of Principal Executive Offices)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual reports under cover
of Form 20-F or Form 40-F:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Form 20-F <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#9;Form 40-F <U>&nbsp;&nbsp;X&nbsp;&nbsp;</U></P>

<P STYLE="font-size: 10pt; text-indent: 86.25pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">SIGNATURES</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 1in; margin: 0pt 0">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.</P>

<P STYLE="font-size: 10pt; text-indent: 1in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">STANTEC INC.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-size: 10pt; padding-bottom: 1pt">Date: May 12, 2022</TD><TD STYLE="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 49%; font-size: 10pt; text-align: left; padding-bottom: 1pt">By: <U>/s/ Theresa B.Y. Jang</U></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Name: Theresa B. Y. Jang</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">Title: Executive Vice President and CFO</TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><U>Exhibit</U></TD>
    <TD STYLE="font-size: 10pt"><U>Description of Exhibit</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; width: 12%"><A HREF="exh_991.htm">99.1</A></TD>
    <TD STYLE="width: 88%; font-size: 10pt"><A HREF="exh_991.htm">Code of Business Conduct, as amended on May 11, 2022</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: right; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: right; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0; color: #ED7000; text-indent: 3in"><B><U>Code of Business Conduct</U></B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Policy</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">Stantec conducts business in accordance with high ethical, moral, and legal
standards, and in the best interests of the Company, and its employees, shareholders, and other stakeholders. Stantec maintains business
practices that will earn the respect of everyone with whom the Company conducts business.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><B>Practice</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">The following standards are intended to protect the Company's reputation
and the quality of its services.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Compliance Responsibilities </B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec&rsquo;s Code of Business Conduct is to be strictly followed at
all times and under all circumstances. Any violation will subject an employee to disciplinary action up to and including termination.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">This Code of Business Conduct applies to all employees and is not intended
to be exhaustive. The Code of Business Conduct is intended to serve as a source of guiding principles to ensure all operations and employees
approach their work in a consistent and appropriate manner, regardless of location, entity, or job function.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">It is vital that employees understand and comply with the Code of Business
Conduct as well as recognize their continuing obligations to familiarize themselves with all Company policies and applicable laws that
govern the work that we do.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">If questions arise about how the Code of Business Conduct applies or how
a situation involving an ethical or legal issue should be handled, employees must, without delay, contact corporate counsel or another
of the compliance contact points listed in this Code.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Supervisors are responsible for all Employees reporting to them and must
emphasize the importance of ethical conduct and compliance as part of their routine business practice. It is the obligation of all supervisors
to see to it that there are no violations of law or policy within their areas of responsibility.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Definitions</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The following words, phrases, and terms used in this Code have the following
meanings:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">&ldquo;Company&rdquo; or &ldquo;Stantec&rdquo; means Stantec Inc. or any of its wholly owned subsidiaries
and affiliated companies</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">&ldquo;Employees&rdquo; means any director, officer, or employee of Stantec</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">&ldquo;Supervisor&rdquo; means the person an employee reports to, and in the case of the president and
chief executive officer and members of the board of directors, means the chair of the board of directors</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Dollar values used in this Code are based on a North American cost of living.
Anyone in a country outside of North America should reference the Stantec Code of Business Conduct Country Gift Limits guidance and/or
contact our corporate counsel for guidance on the appropriate dollar amounts in your jurisdiction.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Reputation</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The reputation of Stantec is determined by how every employee presents
herself or himself and conducts business. Honesty, professionalism, ethical behavior, and integrity when interacting with others are the
cornerstones of our reputation and key to our business success. The Company succeeds in the marketplace through superior performance,
not by unethical or manipulative practices.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><B>Abiding by the Law</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Wherever Stantec operates, it will always comply with applicable laws and
regulations. In acting on behalf of Stantec, no employee shall, at any time, take any action which he or she knows or reasonably should
know to be in violation of any applicable law or regulation. No unethical or illegal act can be justified by an employee saying that the
act was in the best interests of the Company or that he or she was directed to act by a higher level employee. Any time an employee is
uncertain about the application or interpretation of a law or regulation, he or she should consult his or her supervisor or seek the opinion
of any of the Company's in-house corporate counsel.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Accurate Books and Records</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company requires full, fair, accurate, timely, and understandable recording
and reporting of&nbsp;all Company accounting information. Employees must act in a manner that ensures all Company books, records, accounts,
and financial statements are maintained in reasonable detail, accurately reflect the Company&rsquo;s transactions, and conform to applicable
legal requirements, accounting standards, and the Company&rsquo;s system of internal controls.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees must execute and record transactions in accordance with all internal
control procedures implemented by Company management. All records, including expense reports, must be complete and timely and must accurately
reflect each transaction or expenditure. Employees must also ensure that their timecard accurately reflects the number of hours worked
on each specific project.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Any Employee involved in preparing the Company&rsquo;s disclosure documents
(such as corporate filings or press releases) must produce full, fair, accurate, timely, and understandable disclosure in such documents.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees are not to create or participate in the creation or perpetuation
of any records that are intended to mislead or conceal any improper act or misconduct. Similarly, all legal holds must be followed, and
no employee should destroy a Company record (including those in electronic form) in order to mislead or conceal any improper act or misconduct.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Conflicts of Interest</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees have a duty to be free from the influence of any conflicting
interest when representing Stantec.&nbsp;In dealings with current or potential clients, subconsultants, suppliers, contractors, and competitors,
employees should act in the best interests of the Company to the exclusion of personal advantage.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">A conflict of interest occurs when an individual&rsquo;s personal or family
interests may interfere with the performance of his or her duties or with the best interests of Stantec. Even the appearance of a conflict
of interest where none actually exists can be damaging and should be avoided. Whether or not a conflict of interest exists or will exist
can be unclear. Stantec employees should not compete with Stantec and should never let business dealings on behalf of Stantec be influenced,
or even appear to be influenced, by personal or family interests.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The following is a non-exhaustive list of circumstances which may give
rise to a conflict of interest:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Work Outside of Stantec</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Any activity that supports a competitor is prohibited. You may
not be employed by (or provide consulting services to) a client, subconsultant, supplier, or contractor of Stantec. Any exceptions to
this provision must be approved in writing by the business center managing leader and summarized and provided to the regional Human Resources
manager to be placed in the employee&rsquo;s personnel file. <B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in"></P>

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<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">Employment by or service on the board of a competitor or other
service provider is generally discouraged and must be approved in writing by the employee&rsquo;s supervisor.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Service on the board of a client must be approved in writing
by the employee&rsquo;s supervisor and general counsel.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">All other requests for employment outside Stantec must be approved
in writing by the supervisor, and summarized and provided to the regional Human Resources manager to be placed in the employee&rsquo;s
personnel file. <B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Conducting business transactions with a family member or with a business in which you have a financial
interest</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">If you have, or intend to acquire, a financial interest that
may give rise to a conflict, or if you propose to conduct Stantec business with a family member, you must seek written approval from your
supervisor. Persons evaluating whether ownership in a business constitutes a conflict of interest will consider the following:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">1.</TD><TD STYLE="text-align: justify">Size and nature of the investment</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">2.</TD><TD STYLE="text-align: justify">Nature of the relationship between the other entity and Stantec</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">3.</TD><TD STYLE="text-align: justify">Employee&rsquo;s access to confidential information</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">4.</TD><TD STYLE="text-align: justify">Employee&rsquo;s ability to influence Stantec decisions</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Material related-party transactions will be publicly disclosed
as required by applicable laws and regulations.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Dealing with Stantec property</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">You, or anyone with whom you do not deal at arm's length,&nbsp;should
not buy, sell, or lease any kind of property, facilities, equipment, or service from or to Stantec, or have a financial interest in any
such property, facilities, equipment, or service without the written approval of your supervisor.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Dealing with Stantec Information</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Except in the best interests of Stantec, you should not give,
release, or discuss with anyone not authorized by Stantec any data or information on Stantec activities that is not available to the general
public, nor should you use such information for the personal advantage of your family or friends.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Soliciting,&nbsp;Accepting, or Offering&nbsp;Gifts</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">You may not solicit, accept, or offer gifts, favors, entertainment
(including tickets to sporting, cultural events, etc.), hospitality (including meals, beverages, etc.), travel, preferential treatment,
or other things of value (collectively, &ldquo;Gifts&rdquo;) from or to any person or entity that does business or seeks to do business
with Stantec, except as provided below. Gifts should not be solicited or accepted from anyone for Stantec staff event prizes. You may
not accept or offer cash (or cash equivalents, including prepaid credit cards, checks, etc.) or loans under any circumstances. You may
accept or offer infrequent Gifts of nominal value within the normal standards of courtesy, hospitality, or protocol. Any Gifts offered
must be properly recorded in Stantec&rsquo;s records in accordance with our policies. No Gifts may be offered or accepted directly or
indirectly (including Gifts to or from family members) if the Gifts exceed an aggregate value of $1,000 (Canada and United States only
&ndash; see &quot;Country Gift Limits&quot; on StanNet for limits in other jurisdictions) to or from any individual in any 12-month period.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify">Further, no Gifts may be offered or accepted if doing so</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Is unlawful</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Violates the stricter of Stantec's or the other party&rsquo;s policies or practices (you are responsible
for knowing and adhering to the rules that apply to parties you propose to offer a Gift to)</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Obligates the recipient in any way</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Compromises or may appear to compromise the integrity, reputation, or independence of the recipient</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Includes air travel or overnight accommodation</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Includes the giving or receiving of entertainment where a representative of the company offering the Gift
will not be accompanying the recipient to the event</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 53.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Involves a public sector employee (which is broadly interpreted to include elected or appointed representatives
and employees or consultants at all levels of any municipal, state/provincial, or federal government). Subject always to the policies
of the party being hosted (public sector employees are often not permitted to accept Gifts), a beverage or light lunch or dinner (valued
at approximately $50) incidental to a business meeting is generally acceptable.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">If an employee receives a gift that does not fall within these
guidelines, the employee must report the gift to his or her supervisor and return it. If returning the gift is not practical, the employee
must contact corporate counsel to determine and document how the gift will be dealt with.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">By adopting these practices, Stantec chooses to avoid even the
appearance of impropriety. As consultants, we owe a duty to our clients to be impartial and to give objective advice and recommendations.
Any bias or perception of bias or favoritism must be avoided. These practices also apply to expenses personally incurred by Stantec employees,
even when no reimbursement from Stantec is sought, where the expense was incurred to further the business interests of Stantec or the
party receiving the Gift.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">If in doubt about the interpretation or application of this practice&mdash;including
whether an individual is a &ldquo;public sector employee,&rdquo; the definition of &ldquo;incidental,&rdquo; etc.&mdash;check with any
of Stantec&rsquo;s corporate counsel before offering or accepting any Gift.&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify"><B>Other Prohibited Conduct</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">Offering, soliciting, accepting, or giving anything of value
(including favors, confidential information, loans, discounts, job offers, kickbacks, bribes, etc.) to improperly influence third-party
decisions is also prohibited.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">For more information, please refer to Stantec's Conflict of Interest Guidance.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Inside Information and Insider Trading</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">During your employment at Stantec, you may sometimes have access to information
about the Company and our business partners that is not available to the general public. You are prohibited from buying or selling shares
of any company (including Stantec) about which you possess inside information. Information is considered &ldquo;inside&rdquo; if it is
both material and non-public. Information is &ldquo;material&rdquo; if it would reasonably be expected to have a significant effect on
the market price or value of the company&rsquo;s shares if it were made public. Examples of such information include, but are not limited
to:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Financial results</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Projections of future earnings or losses</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Entering into or loss of significant contracts</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Pending or proposed mergers, acquisitions, or divestitures</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify">Changes in senior management or other major personnel changes</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Information is &ldquo;non-public&rdquo; if it has not been previously disclosed
to the general public and is otherwise not available to the general public.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">For more information, please refer to Stantec&rsquo;s Insider Trading Prohibition
Policy.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Dealing with Each Other</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec recognizes that workplace diversity is an essential ingredient
to our success. Stantec understands that effective relationships are based on the recognition of the value and worth of each individual
and that it is necessary to provide a working climate that is conducive to the success and well-being of all employees.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec works to create an atmosphere of mutual trust and respect by being
honest, fair, and consistent. Stantec treats all employees fairly and impartially and strives to consistently follow Company policies
and practices. Stantec employees listen to one another and foster open and&nbsp;honest communications. Stantec values the opinion of employees,
respects their diverse backgrounds, encourages communication among Employees, and solicits ideas and suggestions to improve or benefit
the Company.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec prohibits the use by its employees of any social or other media
to post or display comments about coworkers, supervisors, clients, or the Company that (non-exhaustively)</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Are vulgar, obscene, threatening, intimidating, harassing</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Portray the Company or individuals in a negative light</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">Are a violation of other workplace policies against discrimination, harassment, and violence</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Posting or displaying such comments could result in disciplinary action
being taken against an&nbsp;employee.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Dealing with Shareholders</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec is committed to protecting and improving shareholder value through
the prudent use of&nbsp;Company resources and by observing high standards of legal and ethical conduct in all its business dealings. The
Company communicates with shareholders regularly, candidly, and promptly, providing the information necessary to evaluate its management
and investment value.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Dealing with Clients</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Serving clients is the essence of Stantec's business. Meeting our clients'
expectations and providing good value are the best ways to ensure ongoing demand for our services. Stantec will accurately represent its
services and clearly communicate the terms under which these services are provided.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><B>Dealing with Subconsultants and Suppliers</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec is committed to the fair treatment of subconsultants and suppliers
and will select subconsultants and suppliers who provide the best value for the Company and its clients while also respecting its clients'
wishes.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Proprietary Information Belonging to the Company</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees must maintain the confidentiality of the Company&rsquo;s proprietary
information. Examples of proprietary information include strategic plans, client lists, marketing plans, rate tables, and much of the
technical information that the Company generates or uses in its business. The disclosure or misuse of Stantec's business information can
harm the Company's competitive position and/or reputation and may be a violation of applicable laws. Employees, therefore, must not disclose
business information outside the Company unless they are authorized and it is legal to do so.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Proprietary Information of Others </B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec regularly receives proprietary information from its clients, subconsultants,
and suppliers. The wrongful possession or use of any proprietary information of any third party is prohibited. Employees may use lawfully
obtained proprietary information only for the purpose for which it is provided. If an employee is offered, or comes into, unauthorized
possession of third-party proprietary information, the employee must decline the offer and take appropriate steps, if applicable, to return
the information. Employees are prohibited from using any proprietary information obtained from prior employers.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Improper Payments</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">No payment will be made by, or improper benefit conferred on behalf of,
the Company either directly or indirectly to government officials, political candidates, or officers or employees of clients, subcontractors,
suppliers, or competitors that violates applicable laws. Bribes, facilitation payments, and trading in influence are strictly prohibited.
Employees should familiarize themselves with Stantec's Anti-Corruption Policy.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Personal Business </B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Personal business should not be conducted during normal working hours.&nbsp;Any and all personal
business activities should be confined to after hours or lunch breaks and should be consistent with this Code of Business Conduct, paying
particular attention to the Conflicts of Interest section, Work Outside of Stantec subsection.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Hiring Former Government Employees</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees must comply with all laws and regulations pertaining to employing
or acquiring the services of present and former government employees. These rules apply to discussions with current government employees
regarding potential employment by the Company or retaining such individuals in the capacity of consultant or subcontractor. These rules
also restrict the roles and responsibilities that former government employees may perform after joining the Company. Any questions regarding
activity which may create a conflict of interest should be raised immediately with corporate counsel.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Legal Processes, Investigations, and Audits</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Occasionally, the Company may need to respond to inquiries, audits, or
investigations imposed by outside entities or government authorities. It is required that employees bring all investigations and audits
to the attention of corporate counsel immediately upon receipt of information, indicating that an inquiry, audit, or investigation by
any outside entity or any government authority has commenced or is likely to commence and, in any event, prior to engaging with or providing
any type of information or response. It is important to remember that penalties and fines can be imposed due to failure to respond, incorrect
responses, and delays.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">The following are examples of occurrences that must be brought immediately
to the attention of corporate counsel:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">1.</TD><TD STYLE="text-align: justify">Notification of an inquiry, audit or investigation</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">2.</TD><TD STYLE="text-align: justify">Request to appear or testify before a governmental or quasi-governmental agency, commission, legislative,
or administrative body</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">3.</TD><TD STYLE="text-align: justify">Subpoenas or requests for documentation, interviews, on-site visits, or inspections</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">4.</TD><TD STYLE="text-align: justify">Summons or complaints served on the Company</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">5.</TD><TD STYLE="text-align: justify">Notification of fines, penalties, or injunctive actions</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">It is the policy of Stantec to cooperate fully with inquiries and investigations
to the greatest extent possible. Knowledge of any investigation, even those that may appear focused on a supplier, subcontractor, client,
or other Stantec-related party, must be communicated to corporate counsel immediately.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Reporting Concerns</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Employees who become aware of any concerns about accounting, internal controls,
auditing, or other financial or nonfinancial matters, including violations of applicable laws, regulations, or internal policies,&nbsp;must
report such issues to the Company&rsquo;s Integrity Hotline.&nbsp;In the event that such an issue is brought to the attention of a Stantec
employee, that person&nbsp;must refer the issue to the Integrity Hotline.&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Stantec&rsquo;s Integrity Hotline is hosted by an independent third party.
The Hotline is structured to receive information verbally, by a web interface, or in writing, and all reports are treated as confidential.&nbsp;Requests
for anonymity will be honored to the extent possible while still ensuring a full and proper investigation.&nbsp;It is important that anonymous
reports contain sufficient detail for an investigation.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Integrity Hotline numbers and address:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD>The Integrity Hotline Phone Numbers &ndash;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top; background-color: #FDEADA">
    <TD STYLE="width: 13%; border-top: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Country</B></FONT></TD>
    <TD STYLE="width: 68%; border-top: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Phone Number</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Languages Spoken</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>United States, Canada, and Puerto Rico</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><I><U>Direct Dial</U></I>: From an outside line, dial direct for your location:&nbsp;&nbsp;1-855-389-9170</FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English, French, Spanish</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Argentina</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U></I>: From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Argentina
    (Argentina Telecom): 0-800-555-4288</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Argentina
    (Telefonica): 0-800-222-1288</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Spanish (Latin American), English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Australia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><I><U>International Toll-Free Service (ITFS)</U>: </I>From an outside line, dial the ITFS number for your location: 1-800-79-2097</FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Bahrain</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>:</I> From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Bahrain
    (US military bases): 800-000-00</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Bahrain:
    800-00-001</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Bahrain
    (Cellular): 800-000-05</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Arabic, English</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 13%"><FONT STYLE="font-size: 10pt"><B>Barbados</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 68%">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Reverse Charge Calls / Collect Calls</U>:</I> From an outside line, contact your local
    operator.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Request
    a <U>reverse charge or collect call to be placed</U> to the United States: 503-444-4000</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> All reverse
    charge or collect calls will be accepted by the Contact Center using an automated <I>English</I> message.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt">&nbsp;</P></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 19%"><FONT STYLE="font-size: 10pt">English, Arabic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Belgium</B></FONT></TD>
    <TD STYLE="border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access: </U></I>From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 0 0pt 22.5pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp; 0-800-100-10</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 0 0pt 22.5pt">&nbsp;</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Dutch, French (European), German, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access: </U></I>From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 0 0pt 22.5pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp; 0-800-890-0288&nbsp;</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 0 0pt 22.5pt">&bull;&nbsp;&nbsp;&nbsp;&nbsp; Cellular: 0-800-888-8288</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 0 0pt 22.5pt">&nbsp;</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Portuguese, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Brunei</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:
    800-1111</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Malay, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Chile</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (Telemax):
    800-225-288</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (Telefonica):
    800-800-288</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (ENTEL):
    800-360-311</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (ENTEL
    &ndash; Spanish Operator): 800-360-312</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (Easter
    Island): 800-800-311</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Chile (Easter
    Island &ndash; Spanish Operator): 800-800-312</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Spanish (Latin American), English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>China</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> China (Southern):
    10-811</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> China (Northern):
    108-888</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Mandarin, Cantonese, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Ethiopia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Reverse Charge Calls / Collect Call</U>: </I>From an outside line, contact your <U>local</U>
    operator.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Request
    a <U>reverse charge or collect call to be placed</U> to the United States: 971-371-7833</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> All <U>reverse
    charge or collect calls will be accepted</U> by the Contact Center using an automated <I>English</I> message.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Amharic (Ethiopian), English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Fiji Islands</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Reverse Charge Calls/Collect Call:</U></I> From an outside line, contact your local operator.</P>
    <P STYLE="font-size: 10pt; text-indent: -13.5pt; margin: 0pt 17.65pt 0pt 22.55pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Request
    a <I><U>reverse charge or collect call</U></I><U> to be placed</U> to the United States: 503-444-4000</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">All reverse charge or collect calls will be accepted by the Contact Center using an automated
    <I>English</I> Message.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>India</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access:</U></I> From an outside line, dial the direct access number for your location:
    000-117</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English, Hindi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Italy </B><I>(includes San Marino, Vatican City)</I></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><I><U>International Toll-Free Service (ITFS)</U>:</I> From an outside line, dial the ITFS number for your location: 800-172418</FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Italian, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Malaysia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:
    1-800-80-0011</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Malay, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Netherlands</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Global Inbound Services (GIS): From an outside line dial the direct access number for your location: 08000200028</FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Dutch, English</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 13%"><FONT STYLE="font-size: 10pt"><B>New Zealand</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 68%"><FONT STYLE="font-size: 10pt">Global Inbound Services (GIS): From an outside line dial the direct access number for your location: 0508974209</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: Black 1pt solid; border-left: rgb(224,222,218) 1pt solid; width: 19%"><FONT STYLE="font-size: 10pt">English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Pakistan</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U></I>: From an outside line, dial the direct access number for your location:
    00-800-01-001</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Not available
    from cellular phones</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0">Punjabi, Urdu, English</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Panama</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:
    800-0109</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> (Spanish
    Operator): 800-2288</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Spanish (Latin American), English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Peru</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U></I>: From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Peru (Telef&oacute;nica)
    &ndash; Spanish Operator): 0-800-50-000</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Peru (Telef&oacute;nica)
    : 0-800-50-288</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Spanish (Latin American), English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Qatar</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Reverse Charge and Collect Calls</U>:</I> From an outside line, contact your local operator.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Request
    a <U>reverse charge or collect call to be placed </U>to the United States: 503-444-4000</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> All reverse
    charge or collect calls will be accepted by the Contact Center using an automated <I>English</I> message.</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English, Arabic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Saudi Arabia</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U></I>: From an outside line, dial the direct access number for your location:
    1-800-10</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English, Arabic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Taiwan</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:
    00-801-102-880</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Mandarin, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>Turkey</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U>: </I>From an outside line, dial the direct access number for your location:
    0811-288-0001</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> Not available
    from cellular phones</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">Turkish, English</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>United Arab Emirates</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="font-size: 10pt; margin: 0pt 0"><I><U>Direct Access</U></I>: From an outside line, dial the direct access number for your location:</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> United
    Arab Emirates (du): 8000-555-66</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> United
    Arab Emirates: 8000-021</P>
    <P STYLE="font-size: 10pt; text-indent: -14.2pt; margin: 0pt 0 0pt 23.25pt"><FONT STYLE="font-family: Wingdings">&bull;</FONT> United
    Arab Emirates (US military base, USO and cellular): 8000-061</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English, Arabic</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><B>United Kingdom</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt"><I><U>International Toll-Free Service (ITFS)</U>:</I> From an outside line, dial the ITFS number for your location: 0808-234-3434</FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid"><FONT STYLE="font-size: 10pt">English</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 15pt 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">The Integrity Hotline Web Intake &ndash; www.stantec.ethicspoint.com</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt">&bull;</TD><TD STYLE="text-align: justify">The Integrity Hotline Address:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 56.9pt">Integrity Hotline</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 56.9pt">c/o Stantec&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 56.9pt">#400, 10220 &ndash; 103 Avenue N.W.&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 56.9pt">Edmonton, AB&nbsp; T5J 0K4</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 56.9pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">If issues that have been reported to the Integrity Hotline are not clarified
or otherwise dealt with to the satisfaction of the employee, that employee may file a complaint. To ensure a correct understanding of
the matters subject to the complaint, the complaint should be filed with the Integrity Hotline in writing (although the complaint may
be made verbally to the Integrity Hotline if the person making the complaint prefers), should be as specific as possible, and should identify
any relevant documents. In order that prompt action can be taken, the complaint should be filed as soon as possible.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">If the complaint has been made verbally to the Integrity Hotline, it will
be reduced to writing. If the person making the complaint does not wish to maintain anonymity, the complaint may be submitted to the employee's
immediate supervisor. Any supervisor who receives a complaint must forward the complaint to the Integrity Hotline. The complaint may also
be submitted directly to the chair of the Audit and Risk Committee.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The chair of the Audit and Risk Committee is Shelley A. M. Brown, and she
can be contacted at (604)&nbsp;417-8548 or by email at shelleybrowncpa@gmail.com</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Commencement of Process</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">If the nature of the complaint is material to the affairs of the Company
or involves any officer of&nbsp;Stantec Inc., then the issue shall immediately be reported to the chair of the Audit and Risk Committee
who shall appoint a fact finder (who may be the general counsel or any other person designated by the chair of the Audit and Risk Committee)
to investigate the complaint and issue a fact-finding report.&nbsp;The fact finder must be independent and must not be a manager, directly
or indirectly, of either the individuals involved in the matters complained of or the individual making the complaint. All other complaints
will be investigated by the general counsel or his or her designate.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The&nbsp;general counsel&nbsp;shall prepare a quarterly report to the Audit
and Risk Committee summarizing the nature and disposition of all complaints received by the Integrity Hotline; this report will include
an overview of any ongoing investigations or the resolution of any complaints.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Confidentiality</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Confidentiality&mdash;relating both to the fact that a complaint has been
made and to its investigation of employee complaints&mdash;will be maintained to the greatest extent possible. Only persons with a reason
to know will have access to information relating to the complaint and its investigation.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Fact-Finding</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B><I>Investigation</I></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The fact finder and/or general counsel will investigate all matters brought
to the Integrity Hotline, such investigation to include interviews of persons who may have information concerning the matters in issue.
The fact finder and/or general counsel will have access to all relevant information and documents. Employees are required to cooperate
with investigations. The fact finder and/or general counsel will complete the investigation and the delivery of the fact-finding report
as soon as practicable after the receipt of the complaint.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B><I>The Fact-Finding Report</I></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The fact-finding report will concisely summarize all facts and issues learned
during the investigation and will offer recommendations. Fact-finding reports respecting complaints material to the affairs of the Company
or involving any officer of Stantec Inc. shall be delivered to the chair of the Audit and Risk Committee.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B><I>Evaluation of the Fact-Finding Report</I></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Audit and Risk Committee will review all fact-finding reports delivered
to the Committee and may review other facts relating to the complaint. Any decision of the Audit and Risk Committee regarding the subject
matter of the complaint will be communicated to the designated corporate executives and to the person filing the complaint, unless the
complaint was filed anonymously.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"><B>Potential Outcomes</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">If it is determined that improper accounting, internal accounting controls,
or auditing matters have occurred, or if something improper of a nonfinancial nature has occurred, appropriate action will be taken, including
discipline of the wrongdoer(s). Discipline may take the form of counseling, verbal or written warning, reprimand, reassignment, suspension,
demotion, and/or termination of employment. In appropriate cases, the matter may be referred to legal or regulatory authorities.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Retaliation</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">It is unlawful to retaliate against an employee who has, in good faith,
provided information or otherwise assisted in an investigation regarding a complaint. The Audit and Risk Committee, the Board of Directors,
and the Company will not tolerate any retaliation against an employee for complaining in good faith of questionable accounting, internal
accounting controls, auditing matters, or nonfinancial matters, including violations of applicable laws, regulations, or internal policies,
or for cooperating in the investigation of a complaint.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>Complaint File Retention</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">At the conclusion of the process, the Audit and Risk Committee shall cause
the&nbsp;office of the general counsel&nbsp;to confidentially retain a copy of the complaint, the fact-finding report, and any other documents
deemed relevant by the Audit and Risk Committee, for a period of three&nbsp;(3) years from the date of the complaint. Such retention shall
be solely for archival purposes.</P>

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