<SEC-DOCUMENT>0001171843-23-003220.txt : 20230511
<SEC-HEADER>0001171843-23-003220.hdr.sgml : 20230511
<ACCEPTANCE-DATETIME>20230511161708
ACCESSION NUMBER:		0001171843-23-003220
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230511
FILED AS OF DATE:		20230511
DATE AS OF CHANGE:		20230511

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:		23911295

	BUSINESS ADDRESS:	
		STREET 1:		300 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:		300 10220 103 AVENUE NW
		CITY:			EDMONTON, ALBERTA
		STATE:			A0
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_051123.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, 2023</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">&nbsp;</P>

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

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<P STYLE="margin: 0pt 0; font-size: 10pt">&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 11, 2023</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="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

<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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <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">Report On Voting Results</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="exh_992.htm">99.2</A></TD>
    <TD STYLE="font-size: 10pt"><A HREF="exh_992.htm">Code of Business Conduct</A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</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="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-align: right">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-align: left">&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: center; margin: 0pt 0"><B>REPORT ON VOTING RESULTS</B></P>

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

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

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>ANNUAL GENERAL MEETING OF SHAREHOLDERS</B></P>

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

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

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>THURSDAY, MAY 11, 2023 &ndash; 10:30 A.M. MOUNTAIN TIME</B></P>

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

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

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B>VOTING RESULTS:</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">In accordance with section 11.3 of National Instrument 51-102 Continuous
Disclosure Obligations, the following sets out matters voted on at the annual general meeting of shareholders (the &ldquo;Meeting&rdquo;)
of Stantec Inc. (&ldquo;Stantec&rdquo;) held on May 11, 2023, and the voting results for each matter. Full details of the matters presented
for shareholder action can be viewed by accessing the Management Information Circular dated March 20, 2023, available on stantec.com or
sedar.com. A total of 86,294,720 shares (77.76% of outstanding common shares) were represented in person or by proxy.</P>

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

<P STYLE="font-size: 10pt; text-align: left; margin: 0pt 0">Management of Stantec recommended that shareholders vote <B>FOR </B>each director
nominee listed in matter 1, <I>Election of Directors</I>. Management also recommended that shareholders vote <B>FOR</B> matter 2, <I>Appointment
of Auditors</I>, and matter 3, <I>Non-binding Advisory Vote on Executive Compensation</I>, below:</P>

<P STYLE="font-size: 10pt; text-align: left; 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: 0"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD STYLE="text-align: left"><B>Election of Directors </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">The Board of Directors of Stantec had fixed the number of directors standing
for election at the Meeting to be 10. Each of the 10 nominees listed in Stantec&rsquo;s Management Information Circular dated March 20,
2023 was elected as a director of Stantec.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; border: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Nominee</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes For</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% For</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes Against</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% Against</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Douglas K. Ammerman</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">78,579,717</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">94.87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,252,705</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">5.13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Martin A. &agrave; Porta</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,534,613</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.64</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">297,809</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.36</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Shelley A. M. Brown</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,596,858</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.72</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">235,564</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.28</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Angeline G. Chen</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,571,204</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.68</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">261,218</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.32</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Patricia D. Galloway</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,351,209</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.42</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">481,213</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.58</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Robert J. Gomes</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,075,267</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.09</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">757,155</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.91</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Gordon A. Johnston</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,374,600</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.45</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">457,822</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.55</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Donald J. Lowry</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,329,096</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.39</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">503,326</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.61</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Marie-Lucie Morin</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,091,105</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">741,317</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.89</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">Celina J. Wang Doka</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">82,514,697</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.62</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">317,725</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.38</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 0.25in"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0 0pt 0.25in">&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: 0"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: left"><B>Appointment of Auditor </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">PricewaterhouseCoopers LLP was reappointed as auditor of Stantec for 2023,
and the directors were authorized to fix the remuneration of the auditor.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
    <TD STYLE="width: 25%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes For</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% For</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes Withheld</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% Withheld</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">86,120,783</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">99.80</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">171,881</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">0.20</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 0.5in"><B>&nbsp;</B></P>

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

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<P STYLE="margin: 0pt 0 0pt 0.5in; 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"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD STYLE="text-align: left"><B>Non-binding Advisory Vote on Executive Compensation</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">Shareholders accepted Stantec&rsquo;s approach to executive compensation
disclosed in the Management Information Circular dated March 20, 2023 and delivered in connection with the Meeting.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes For</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% For</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Votes Against</B></FONT></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>% Against</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">79,627,964</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">96.13</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">3,204,457</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">3.87</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 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">&nbsp;</P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh_992.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.2</B></P>

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

<P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P>

<P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Policy</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

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



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The following standards are intended to
protect the Company's reputation and the quality of its services.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Compliance Responsibilities</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Definitions</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The following words, phrases, and terms
used in this Code have the following meanings:</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">&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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

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

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<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt">Reputation</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Abiding by the Law</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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 inhouse corporate counsel.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Accurate Books and Records</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The Company requires full, fair, accurate,
timely, and understandable recording and reporting of 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Conflicts of Interest</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Employees have a duty to be free from the
influence of any conflicting interest when representing Stantec. 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The following is a non-exhaustive list
of circumstances which may give rise to a conflict of interest:</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

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<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Work Outside of Stantec</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Service on the board of a client must
be approved in writing by the employee&rsquo;s supervisor and general counsel.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Conducting business transactions with a family member or with a business in which you have
a financial interest</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 0 0pt 35.75pt; font-size: 10pt; font-weight: bold; text-indent: -17.9pt"></P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">1.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">2.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">3.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">4.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Material related-party transactions
will be publicly disclosed as required by applicable laws and regulations.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Dealing with Stantec property</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 0 0pt 36.5pt; font-size: 10pt; text-align: left; text-indent: -0.5pt">You, or anyone with whom you do not deal at
arm's length, 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="margin: 0pt 0 0pt 36.5pt; font-size: 10pt; text-align: left; text-indent: -0.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Dealing with Stantec Information</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Except in the best interests of Stantec,
you should not give, release, or discuss with anyone not authorized by Stantec or required by law 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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Soliciting, Accepting, or Offering Gifts</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Further, no Gifts may be offered or
accepted if doing so</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: left"><FONT STYLE="font-weight: normal">&#9744;</FONT></TD><TD STYLE="text-align: justify">Other Prohibited Conduct</TD>
</TR></TABLE>

<P STYLE="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 36.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt"><FONT STYLE="color: black">For more
information, please refer to </FONT>Stantec&rsquo;s Conflict of Interest Guidance<FONT STYLE="color: black">.</FONT></P>

<P STYLE="margin: 0pt 1.55pt 0pt 0.5pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Inside Information and Insider Trading</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">Financial results</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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">Projections of future earnings or losses</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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">Entering into or loss of significant contracts</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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">Pending or proposed mergers, acquisitions, or divestitures</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: 0.25in"></TD><TD STYLE="width: 0.25in">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">Changes in senior management or other major personnel changes</TD></TR></TABLE>

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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">For more information, please refer to Stantec&rsquo;s
Insider Trading Prohibition Policy.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Dealing with Each Other</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Posting or displaying such comments could
result in disciplinary action being taken against an employee.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Dealing with Shareholders</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Stantec is committed to protecting and
improving shareholder value through the prudent use of 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Dealing with Clients</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Dealing with Subconsultants and Suppliers</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Proprietary Information Belonging to the Company</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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. This restriction
is not applicable to the submission of proprietary information to regulatory agencies when necessary.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Proprietary Information of Others</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Improper Payments</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Personal Business</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: -0.5pt">Personal business should not be conducted during normal
working hours. 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="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Hiring Former Government Employees</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Legal Processes, Investigations, and Audits</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt"></P>

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    <!-- Field: /Page -->

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The following are examples of occurrences
that must be brought immediately to the attention of corporate counsel:</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">1.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">2.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">3.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">4.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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: 17.9pt">5.</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Reporting Concerns</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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, must report them immediately. Employees should contact their supervisor or the Company&rsquo;s Integrity Hotline
as soon as possible so the concerns can be addressed.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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. Requests for anonymity will be honored to the extent possible while still ensuring a full and proper investigation.
It is important that anonymous reports contain sufficient detail for an investigation.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Integrity Hotline numbers and address:</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">The Integrity Hotline Phone Numbers &ndash;</TD></TR></TABLE>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #FDE9D9">
    <TD STYLE="width: 13%; border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Country </B></FONT></TD>
    <TD STYLE="width: 68%; border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Languages Spoken</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>United States, </B></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>Canada, and </B></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>Puerto Rico </B></P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">English, French,</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Spanish</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Argentina </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Argentina (Argentina Telecom): 0-800-555-4288&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>Argentina (Telefonica): 0-800-222-1288</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Spanish (Latin&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">American), English</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Australia </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English </FONT></TD></TR>
</TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #FDE9D9">
    <TD STYLE="border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Country </B></FONT></TD>
    <TD STYLE="border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt; width: 68%"><FONT STYLE="font-size: 10pt"><B>Phone Number</B></FONT></TD>
    <TD STYLE="border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 19%"><FONT STYLE="font-size: 10pt"><B>Languages Spoken</B></FONT></TD></TR>

<TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Bahrain </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; width: 68%">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>:</I> From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Bahrain (US military bases): 800-000-00&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Bahrain: 800-00-001&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Bahrain (Cellular): 800-000-05&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 19%"><FONT STYLE="font-size: 10pt">Arabic, English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Barbados </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Reverse Charge Calls / Collect Calls</U>:</I>
    From an outside line, contact your local operator.</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Request a <U>reverse charge or collect call to be placed</U> to the United States: 503-444-4000&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>All reverse charge or collect calls will be accepted by the Contact Center using an automated <I>English</I> message.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English, Arabic </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Belgium </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">0-800-100-10</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Dutch, French&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">(European), German,&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">English</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Brazil</B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>0-800-890-0288&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>Cellular: 0-800-888-8288</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.5pt; font-size: 10pt; text-align: left; text-indent: -0.5pt">At the <I>English</I> prompt, dial 855-389-9170.</P>
    <P STYLE="margin: 0pt 0 0pt 0.5pt; font-size: 10pt; text-align: left; text-indent: -0.5pt">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Portuguese, English</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Brunei </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">800-1111</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Malay, English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Chile </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (Telemax): 800-225-288&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (Telefonica): 800-800-288&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (ENTEL): 800-360-311&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (ENTEL &ndash; Spanish Operator): 800-360-312&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (Easter Island): 800-800-311&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Chile (Easter Island &ndash; Spanish Operator): 800-800-312</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Spanish (Latin&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">American), English</P></TD></TR>
  </TABLE>
<P STYLE="margin: 0pt 2.35pt 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 2.35pt 0pt 0; font-size: 10pt; text-align: left"></P>

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #FDE9D9">
    <TD STYLE="width: 13%; border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Country </B></FONT></TD>
    <TD STYLE="width: 68%; border-top: #E0DEDA 1pt solid; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Languages Spoken</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>China </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>China (Southern): 10-811&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>China (Northern): 108-888</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Mandarin, Cantonese,&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">English</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Ethiopia </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Reverse Charge Calls / Collect Call</U>:
    </I>From an outside line, contact your <U>local</U> operator.</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Request a <U>reverse charge or collect call to be placed</U> to the United States: 971-371-7833&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>All <U>reverse charge or collect calls will be accepted</U> by the Contact Center using an automated <I>English</I> message.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Amharic (Ethiopian),&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">English</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Fiji Islands </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Reverse Charge Calls/Collect Call:</U></I>
    From an outside line, contact your local operator.</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 22.8pt; font-size: 10pt; text-align: left; text-indent: -13.5pt"><FONT STYLE="font-family: Wingdings">&Oslash;</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="margin: 0pt 0 0pt 22.8pt; font-size: 10pt; text-align: left; text-indent: -13.5pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">All reverse charge or collect calls will be accepted
    by the Contact Center using an automated <I>English</I> Message.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>India </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access:</U></I> From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">000-117</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English, Hindi </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>Italy </B><I>(includes &nbsp;</I></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><I>San Marino, &nbsp;</I></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><I>Vatican City)</I></P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Italian, English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Malaysia </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">1-800-80-0011</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Malay, English </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Netherlands </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Dutch, English </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>New Zealand </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Pakistan </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">00-800-01-001</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT>
    Not available from cellular phones</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Punjabi, Urdu, English</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Panama </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">800-0109</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT>
    (Spanish Operator): 800-2288</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Spanish (Latin&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">American), English</P></TD></TR>
</TABLE>

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

<!-- Field: Page; Sequence: 9; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLSPACING="0" CELLPADDING="3" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #FDE9D9">
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 13%"><FONT STYLE="font-size: 10pt"><B>Country </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt; width: 68%"><FONT STYLE="font-size: 10pt"><B>Phone Number</B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt; width: 19%"><FONT STYLE="font-size: 10pt"><B>Languages Spoken</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Peru </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Peru (Telef&oacute;nica) &ndash; Spanish Operator): 0-800-50-000&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>Peru (Telef&oacute;nica) : 0-800-50-288</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">Spanish (Latin&nbsp;</P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">American), English</P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Qatar </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Reverse Charge and Collect Calls</U>:</I>
    From an outside line, contact your local operator.</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>Request a <U>reverse charge or collect call to be placed </U>to the United States: 503-444-4000&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>All reverse charge or collect calls will be accepted by the Contact Center using an automated <I>English</I> message.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English, Arabic </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Saudi Arabia </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">1-800-10</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English, Arabic </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Taiwan </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">00-801-102-880</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Mandarin, English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Turkey </B></FONT></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U>: </I>From an outside
line, dial the direct access number for your location:&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">0811-288-0001</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&Oslash;</FONT>
    Not available from cellular phones</P>
    <P STYLE="margin: 0pt 0 0pt 9.1pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">Turkish, English </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>United Arab &nbsp;</B></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>Emirates </B></P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in"><I><U>Direct Access</U></I>: From an outside
    line, dial the direct access number for your location:</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>United Arab Emirates (du): 8000-555-66&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
</FONT>United Arab Emirates: 8000-021&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt"><FONT STYLE="font-family: Wingdings">&Oslash;
    </FONT>United Arab Emirates (US military base, USO and cellular): 8000-061</P>
    <P STYLE="margin: 0pt 0 0pt 23.3pt; font-size: 10pt; text-align: left; text-indent: -14.2pt">&nbsp;</P>
    <P STYLE="margin: 0pt 0 0pt 0.05pt; font-size: 10pt; text-align: left; text-indent: 0in">At the <I>English</I> prompt, dial 855-389-9170.</P></TD>
    <TD STYLE="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English, Arabic </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; border-left: #E0DEDA 1pt solid">
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>United &nbsp;</B></P>
    <P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"><B>Kingdom </B></P></TD>
    <TD STYLE="border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; padding-left: 0.05pt; text-align: left; text-indent: 0in; font-size: 10pt"><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="vertical-align: top; border-right: #E0DEDA 1pt solid; border-bottom: black 1pt solid; text-align: left; text-indent: 0in; font-size: 10pt"><FONT STYLE="font-size: 10pt">English </FONT></TD></TR>
  </TABLE>
<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>

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

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">The Integrity Hotline Web Intake &ndash;
www.stantec.ethicspoint.com</P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">&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: 17.9pt">&bull;</TD><TD STYLE="text-align: justify; padding-right: 1.55pt">The Integrity Hotline Address:</TD></TR></TABLE>

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

<P STYLE="margin: 0pt 327.9pt 0pt 57.2pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Integrity Hotline c/o</P>

<P STYLE="margin: 0pt 327.9pt 0pt 57.2pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Stantec&nbsp;</P>

<P STYLE="margin: 0pt 217.25pt 0pt 57.2pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">#400, 10220 &ndash; 103 Avenue N.W.
Edmonton,</P>

<P STYLE="margin: 0pt 217.25pt 0pt 57.2pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">AB T5J 0K4</P>

<P STYLE="margin: 0pt 217.25pt 0pt 57.2pt; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">Or use this QR code:</P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt"><IMG SRC="qr.jpg" ALT=""></P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">If issues that have been reported to the
Integrity Hotline are not clarified or otherwise dealt with to the satisfaction of the employee or other reporter, that individual may
file a complaint with the chair of the Audit and Risk Committee. To ensure a correct understanding of the matters subject to the complaint,
an initial complaint filed with the Integrity Hotline should be 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="margin: 0pt 1.45pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.7pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The chair of the Audit and Risk Committee
is Shelley A. M. Brown, and she can be contacted at&nbsp;(604)&nbsp;417&nbsp;-&nbsp;8548 or by email at shelleybrowncpa@gmail.com</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Commencement of Process</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">If the nature of the complaint is material
to the affairs of the Company or involves any officer of 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. 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">The general counsel 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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">Nothing in this Code of Business Conduct
is intended nor shall prohibit an individual from filing a report with an appropriate regulatory agency.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Confidentiality</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Fact-Finding</P>



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

<P STYLE="font-size: 10pt; font-style: italic; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Investigation</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-style: italic; font-weight: bold; text-indent: -0.5pt">The Fact-Finding Report</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-style: italic; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-style: italic; font-weight: bold; text-indent: -0.5pt">Evaluation of the Fact-Finding Report</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-style: italic; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0"><B><U>Code of Business Conduct</U></B></P><P STYLE="color: #ED7000; font-size: 10pt; text-align: right; text-indent: 0in; margin: 0pt 2.2pt 0pt 0">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Potential Outcomes</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"> Retaliation</P>



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

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">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="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">Complaint File Retention</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">At the conclusion of the process, the Audit
and Risk Committee shall cause the office of the general counsel 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 (3) years from the date of the complaint.
Such retention shall be solely for archival purposes.</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin: 0pt 1.55pt 0pt 0; font-size: 10pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center">Page 12</P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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