Appoint a proxyholder - You can appoint Tim Gitzel or Sean Quinn to be your proxyholder, or choose someone else to represent you and vote your
shares at the meeting. This person does not have to be a shareholder. You appoint Tim Gitzel, or in his absence, Sean Quinn, each with full power of substitution. If you do not check one of the boxes, we will assume you have appointed Tim Gitzel, or
in his absence, Sean Quinn (including any substitutes), as your proxyholder. You appoint the following person or company to attend the meeting and vote on your behalf (you must follow the registration steps on the reverse of this form for this
person to attend and vote at the meeting on your behalf): Tell us your voting instructions - When you complete this section, you are directing your proxyholder to follow these instructions when voting. Our board of directors and management recommend
that shareholders vote FOR these items. If at the meeting more than eight individuals are nominated for election, an instruction to vote “Against” a nominee will be treated as an instruction to “Withhold” from voting for that
nominee. If you do not specify how you want to vote your shares: the Cameco officer you appointed as your proxyholder in section 1 will vote FOR each of the items below. the other proxyholder you appointed in section 1 can vote as they see fit.
Elect the directors (see page 6 of the management proxy circular) FOR AGAINST 1. Catherine Gignac 2. Daniel Camus 3. Tammy CookSearson 4. Tim Gitze 5. Kathryn Jackson 6. Don Kayne 7. Dominique Minière 8. Leontine van Leeuwen-Atkins Appoint
the auditors (see page 6 of the management proxy circular) FOR WITHHOLD Appoint KPMG LLP as auditors and authorize the directors to fix their remuneration Have a say on our approach to executive compensation (see page 8 of the management proxy
circular) As this is an advisory vote, the results will not be binding on the board. Be it resolved that, on an advisory basis and not to diminish the role and responsibilities of the board of directors for executive compensation, the shareholders
accept the approach to executive compensation disclosed in Cameco’s management proxy circular delivered in advance of the 2024 annual meeting of shareholders. FOR AGAINST Declare your residency - If you do not provide this information, we will
consider the shares represented by this proxy to be owned and controlled by a non-resident, which means the vote may have less impact. You declare that the shares represented by this proxy are held, beneficially owned or controlled, either directly
or indirectly, by a resident of Canada as defined below. If the shares are held in the names of two or more people, you declare that all of these people are residents of Canada. YES NO When you sign this form, you are certifying that you have done
whatever is reasonably possible to confirm residential status. What do we mean by residency? Cameco shares have restrictions on ownership and voting for residents and non-residents of Canada. You can read about residency and voting starting on page
9 of the accompanying management proxy circular. The definitions here are summaries only. The complete definitions are in the Eldorado Nuclear Limited Reorganization and Divestiture Act (Canada) and our articles. A non-resident is: an individual,
other than a Canadian citizen, who is not ordinarily resident in Canada a corporation that was incorporated, formed or otherwise organized outside of Canada or that is controlled by non-residents, either directly or indirectly a trust that was
established by a non-resident, other than a trust for the administration of a pension fund for individuals where the majority of the individuals are residents, or where non-residents have more than 50% of the beneficial interest a foreign government
or foreign government agency Anyone not included in the above description of non-resident is considered a resident. Residents can be individuals, corporations, trusts and governments or government agencies. Sign and date - When you sign here, you
are: authorizing your proxyholder to vote according to your voting instructions at Cameco’s 2024 annual meeting of shareholders, including any reconvened meeting if the meeting is postponed or adjourned revoking any proxy that you previously
gave for this meeting. For shares registered in the name of a corporation, estate, trust or minor, an authorized officer or attorney must sign this form and state his or her position. This person may also have to provide proof that they are
authorized to sign. If the shares are registered in the name of more than one owner (for example, joint owners, trustees, executors, etc.) then all of those registered should sign this form. Signature (if your shares are held in more than one name,
either person can complete and sign this form date (if you leave this blank, we will consider the date to be the day this form was received by or on behalf of us) Position (complete this if you are a guardian, or signing by power of attorney on
behalf of a corporation, estate or trust)
