Update From Our Management Team – December 16, 2025

Further to our statement of December 2 2025, our legal team filed a response to the petition for a class action lawsuit involving Exro Technologies and its acquisition of SEA Electric

Our response is very clear: the petition is entirely without merit. On a preliminary basis, we move to strike the entire claim.

Vestcor continues to perform well year-to-date in 2025 and over the long term as a result of our diversified investment strategy and strong risk controls.

We remain confident in the integrity of our governance, oversight, and investment decision-making processes, which are subject to independent review and robust controls.

We thank our clients for their ongoing trust in us and are committed to transparency and accountability to them.

Media contact:

Elizabeth-Anne McCleave
communications @ vestcor.org