CPG to buy 10% stock WHERE IS BTE MANAGEMENT? Will be at debt level by end of March. Announce a stock buyback and NYSE reinstatement!! CALGARY, AB, March 4, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce the Toronto Stock Exchange ("TSX") has accepted its notice to implement a normal course issuer bid ("NCIB") to purchase, for cancellation, up to 57,309,975 common shares, or 10 percent of the Company's public float, as of February 28, 2022. The NCIB is scheduled to commence on March 9, 2022,and is due to expire on March 8, 2023. Purchases of Crescent Point's common shares under the NCIB may be made through the facilities of the TSX, the New York Stock Exchange (the "NYSE") and alternative trading systems by means of open market transactions or by such other means as may be permitted by the Canadian Securities Administrators (the "CSA") and under applicable securities laws, including by private agreement pursuant to issuer bid exemption orders issued by applicable securities regulatory authorities. The price the Company will pay for any common shares will be the market price at the time of purchase or such other price as may be permitted by the CSA. Any private purchase made under an exemption order issued by a securities regulatory authority will generally be at a discount to the prevailing market price. In connection with the NCIB, Crescent Point will enter into an automatic purchase plan ("Plan") with its designated broker to allow for purchases of its common shares during internal blackout periods. Such purchases would be at the discretion of the broker based on parameters established by the Company prior to any blackout period or any period when it is in possession of material undisclosed information. Outside of these periods, common shares will be repurchased in accordance with management's discretion, subject to applicable law. The Plan has been reviewed by the TSX and may be terminated by Crescent Point or its broker in accordance with its terms or will terminate on the expiry of the NCIB. As of February 28, 2022, the Company had a public float of 573,099,751 common shares and 574,601,885 common shares issued and outstanding. Crescent Point will not acquire, through the facilities of the TSX, more than 1,351,208 common shares during a trading day, being 25 percent of the average daily trading volume of the Company's common shares on the TSX for the six calendar months prior to the date of approval of the NCIB by the TSX (being 5,404,833 common shares), and, in addition, will not acquire per day on the NYSE more than 25 percent of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to, in both cases, certain exceptions for block purchases. The actual number of common shares that will be repurchased under the NCIB, and the timing of any such purchases, will be determined by Crescent Point on management's discretion, subject to applicable securities laws. There cannot be any assurances as to how many common shares, if any, will ultimately be acquired by the Company. As previously announced, the Company recently increased its planned share repurchases to up to $150 million to be executed by mid-2022. These planned repurchases were initiated in December 2021 under the existing NCIB that expires March 8, 2022. As at February 28, 2022, 8,076,800 common shares had been repurchased under the existing NCIB at a volume weighted average price of $7.43 per common share. These repurchases were all made in open market transactions. Under the existing NCIB, the Company sought and obtained approval from the TSX to purchase up to 26,462,509 common shares. The Company evaluates share repurchases as a means of enhancing shareholder value in the context of Crescent Point's capital allocation framework, leverage targets and market conditions.