Cenovus Energy Inc. announced that on February 9, 2022 (the Redemption Date) it will redeem the entire outstanding principal amount of its 3.80% notes due September 15, 2023 and 4.00% notes due April 15, 2024 (collectively the Notes). Cenovus has issued notice to the trustees of the Notes of its intent to redeem the Notes on the Redemption Date. On the Redemption Date, Cenovus will pay to the registered holders of the Notes a redemption price calculated in accordance with the indentures governing the Notes.