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Form of Proxy

IVANHOE MINES LTD.

Notes

MIX MEETING TYPE

No. Proposition For Against Abstain
1

TO SET THE NUMBER OF DIRECTORS OF THE COMPANY AT ELEVEN (11)

2

ELECTION OF THE DIRECTOR - ROBERT M. FRIEDLAND

3

ELECTION OF THE DIRECTOR - WEIBAO (WEBBER) HAO

4

ELECTION OF THE DIRECTOR - TADEU CARNEIRO

5

ELECTION OF THE DIRECTOR - MARTIE JANSE VAN RENSBURG

6

ELECTION OF THE DIRECTOR - PETER MEREDITH

7

ELECTION OF THE DIRECTOR - PHUMZILE MLAMBO-NGCUKA

8

ELECTION OF THE DIRECTOR - KGALEMA P. MOTLANTHE

9

ELECTION OF THE DIRECTOR - IMAN NAGUIB

10

ELECTION OF THE DIRECTOR - DELPHINE TRAORE

11

ELECTION OF THE DIRECTOR - CHUN (JAMES) WANG

12

ELECTION OF THE DIRECTOR - XIANWEN WU

13

RE-APPOINT PRICEWATERHOUSECOOPERS INC., CHARTERED ACCOUNTANTS ("PWC") AS AUDITOR FOR THE 2026 FISCAL YEAR AND AUTHORIZE THE DIRECTORS TO SET THE AUDITOR'S FEES

14

CONSIDER AND, IF DEEMED ADVISABLE, PASS, WITH OR WITHOUT VARIATION, AN ORDINARY RESOLUTION, THE FULL TEXT OF WHICH IS SET FORTH ON PAGE 11 OF THE MANAGEMENT PROXY CIRCULAR, APPROVING THE COMPANY'S AMENDED AND RESTATED EMPLOYEES' AND DIRECTORS' EQUITY INCENTIVE PLAN, AS AMENDED MARCH 26, 2026