RESOLUTION #1
A RESOLUTION TO AMEND THE ARTICLES OF INCORPORATION

The intent of this Shareholder Resolution is to amend the Articles of Incorporation to update outdated language and make technical edits throughout. The following language will appear on the Sealaska proxy for the 2024 annual meeting of shareholders:

SHAREHOLDER RESOLUTION #1:

Shall Sealaska Corporation amend the Articles of Incorporation to update outdated language and make technical edits throughout?

The Board of Directors recommends a YES vote. Yes No

VOTING STANDARD

This is a binding shareholder resolution. This resolution will be adopted if approved by a majority of shares voting at the meeting. This means that, to be approved, the resolution must have the affirmative vote of a majority of shares represented in person or by proxy at the meeting.

RECOMMENDATION

THE BOARD RECOMMENDS A YES VOTE ON THE RESOLUTION:

Yes No

• A Yes vote is in favor of adopting the resolution to amend the Articles of Incorporation to update outdated language and make technical edits throughout.

• A No vote is against adopting the resolution, and to maintain the outdated language and not make technical edits throughout.

• If your proxy is signed and you do not mark Yes or No on the resolution, your vote will be counted as Quorum Only on the resolution.

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BOARD POSITION ON AMENDMENT TO ARTICLES OF INCORPORATION RESOLUTION

Dear Fellow Shareholders:

On your Sealaska 2024 Proxy, you will see a shareholder resolution to amend the Sealaska Articles of Incorporation. The Sealaska Board of Directors recommends a yes vote on this resolution. The Articles currently include an outdated reference to the number of authorized shares. Pursuant to ANCSA, there is no maximum number or threshold of authorized shares that a Native corporation may issue; rather, the number of authorized shares is determined by the number of Natives, including Descendants, Elders, and Leftouts, who are enrolled with the corporation. Amending the Articles will confirm that Natives’ rights under ANCSA are referenced correctly.

Amending the Articles to change the number of authorized shares requires a vote of the shareholders. These amendments will update outdated language and make technical edits throughout. We understand the significance of an amendment to the Articles and the impact it may have on our shareholders. This decision was made after careful consideration and thorough evaluation of our corporation’s future needs and obligations. We are fully committed to transparency and keeping our shareholders informed. Your support and understanding are invaluable to us as we navigate these necessary updates.

We have provided other information to help you understand this shareholder resolution. Please contact the corporate secretary’s office at corpsec@sealaska.com or 907-586-1512 if you require further clarification. Most importantly, please vote Yes on the resolution to amend the Sealaska Articles of Incorporation.

Respectfully,

SEALASKA BOARD OF DIRECTORS

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QUESTIONS AND ANSWERS ABOUT THE RESOLUTION TO AMEND THE ARTICLES OF INCORPORATION

The following questions and answers are intended to briefly address some questions regarding amending the Articles of Incorporation.

These questions and answers may not address all questions that may be important to you as a shareholder. You should carefully read this information on the resolution here. If you have other questions, contact the corporate secretary’s office at corpsec@sealaska.com or 907.586.1512 for further information.

1. Question: Why is this being brought before the shareholders?

Answer: Amending the Articles of Incorporation is important, and state law requires that, in most circumstances, amendments be brought to the shareholders for approval. The Articles of Incorporation currently include an outdated reference to the number of authorized shares. Pursuant to the Alaska Natives Claims Settlement Act (“ANCSA”), there is no maximum number or threshold of authorized shares a Native corporation may issue; rather, the number of authorized shares is determined by the number of Natives, including Descendants, Elders, and Leftouts, who are enrolled with the Corporation.

Amending the Articles will confirm that Natives’ rights under ANCSA are referenced correctly. Since we are already considering amending the Articles, now is a good time to make other updates to the language used in the Articles. These amendments will correct typographical errors and replace other outdated language.

2. Question: Why not simply do a shareholder survey on the issues?

Answer: State law requires that most amendments to the Articles of Incorporation be brought to shareholders for a formal vote. A shareholder survey would not amend the Articles and would, therefore, not help Sealaska make these changes.

3. Question: Will amending the Articles of Incorporation increase legal or administrative costs, including potential filing fees and outside counsel fees?

Answer: While the amendment process can in some circumstances be complex and time-consuming, we expect the costs associated with these particular amendments to be minimal if approved by this shareholder resolution.

4. Question: What happens if this shareholder resolution is not passed?

Answer: If this shareholder resolution to amend the Articles of Incorporation is not passed, the Articles will remain as they are currently written. In that case, Sealaska might have to undertake legal proceedings and make court filings to change the number of authorized shares. Taking legal action would likely lead to much greater legal and administrative expenses than making the changes by shareholder resolution.