Please note that any opinions, forecasts, estimates, projections or predictions regarding Aecon’s performance made by these investment analysts are theirs alone and do not represent the opinions, forecasts, estimates, projections or predictions
of Aecon or its management. By providing the below list, Aecon does not imply its endorsement of or concurrence with the reports, conclusions or recommendations of the investment analysts listed or their respective firms. Aecon assumes no liability
for the accuracy of such information; undertakes no obligation to update such information; and expressly disclaims any responsibility for any consequences resulting from the use of such information. This list is provided for information only and does
not constitute a solicitation to buy, hold or sell securities.