Hudbay Minerals Inc.
Report of Voting Results
(Section 11.3 of National Instrument 51-102)
The following describes the matters voted upon and the outcome of the votes at the Annual and Special Meeting of Shareholders (the "Meeting") of Hudbay Minerals Inc. (the "Corporation") held on May 21, 2024. All matters voted upon at the Meeting were voted upon by proxy and electronic ballot.
Each of the matters voted upon at the Meeting is described in greater detail in the Corporation's Notice of Annual and Special Meeting of Shareholders and Management Information Circular dated April 8, 2024 (the "Circular") that was made available to shareholders prior to the Meeting.
Item 1: Election of Directors
At the Meeting, each of the ten nominees listed in the Circular was elected as a director of the Corporation for the ensuing year or until his or her successor is elected or appointed. The voting results are set forth in the table below:
| Director | Number of Votes
FOR | Number of Votes
AGAINST | Percentage of Votes
FOR |
| Carol T. Banducci | 219,507,809 | 582,032 | 99.74% |
| Igor A. Gonzales | 218,410,247 | 1,679,594 | 99.24% |
| Jeane L. Hull | 218,904,619 | 1,185,221 | 99.46% |
| Carin S. Knickel | 218,517,155 | 1,572,687 | 99.29% |
| Peter Kukielski | 219,646,933 | 442,909 | 99.80% |
| George E. Lafond | 219,406,938 | 682,904 | 99.69% |
| Stephen A. Lang | 217,351,045 | 2,738,797 | 98.76% |
| Colin Osborne | 219,713,395 | 376,447 | 99.83% |
| Paula C. Rogers | 206,505,234 | 13,584,608 | 93.83% |
| David S. Smith | 218,659,110 | 1,430,731 | 99.35% |
Item 2: Appointment of Auditor
At the Meeting, Deloitte LLP was re-appointed as auditor of the Corporation and the directors were authorized, upon the recommendation of the Audit Committee, to fix the auditor's remuneration. The voting results are set forth in the table below:
Number of Votes
FOR | Number of Votes
WITHHELD | Percentage of Votes
FOR |
| 218,437,393 | 3,601,952 | 98.38% |
Item 3: Say on Pay Advisory Vote
At the Meeting, the non-binding advisory resolution to accept the Corporation's approach to executive compensation disclosed in the Circular was approved. The voting results are set forth in the table below:
Number of Votes
FOR | Number of Votes
AGAINST | Percentage of Votes
FOR |
| 214,253,608 | 5,836,228 | 97.35% |
Date: May 21, 2024
| | HUDBAY MINERALS INC. |
| | | |
| | (signed) "Patrick Donnelly" |
| | Name: | Patrick Donnelly |
| | Title: | Senior Vice President, Legal and Organizational Effectiveness |
