RE:RE:Question About Split - TRP + SOBOHey NewCoin__TRP Will CONTINUE Trading on a
"DUE BILL" Basis Until October 2nd
As SUCH
a Seller Does NOT Get the SOBO Shares__But the
Buyer DOES on Oct. 2nd
The Trading of TRP.W taking place NOW is TRP
WITHOUT Entitlement to SOBO shares
Trading on an
“if, as and when issued” Basis Shareholders trading TC Energy Common Shares in the "due bill" market under the symbol "TRP" during the applicable period will not be required
to take any special action. Any trades of TC Energy Common Shares in the "due bill" market that are executed during the applicable period will trade
with an entitlement to receive South Bow Common Shares under the Arrangement (and such shares will settle on a “regular-way” basis). Such trades
will be automatically flagged to ensure buyers receive the distribution entitlement and sellers do not.