| At the discretion of the said proxyholders, upon any amendment or variation of the above matters or any other matter that may be properly brought before the Meeting or any adjournment or postponement thereof in such manner as such proxy, in such proxyholder's sole judgment, may determine. The undersigned hereby revokes any proxies previously given. Dated , 2024 (signature of shareholder) (name of shareholder – please print) All Proxies must be received by 10:00 a.m. (Mountain Time) on May 22, 2024. Instrument of Proxy for the Special Meeting of Shareholders This Instrument of Proxy is solicited on behalf of management of Enerplus Corporation ("Enerplus" or the "Corporation") in connection with the Special Meeting of Shareholders to be held at the offices of Blake, Cassels & Graydon LLP at Suite 3500, 855 – 2 Street S.W., Calgary, AB on May 24, 2024 at 10:00 a.m. (Mountain Time) and any adjournment(s) or postponement(s) thereof (the "Meeting"). The undersigned registered holder of Common Shares of the Corporation hereby appoints Ian C. Dundas, President and Chief Executive Officer of the Corporation, or, failing him, David A. McCoy, Vice President, General Counsel & Corporate Secretary of the Corporation, or instead of either of the foregoing, the person named below as proxy of the undersigned, with full powers of substitution, to attend and act and vote for and on behalf of the undersigned at the Meeting, and on every ballot that may take place in consequence thereof to the same extent and with the same powers as if the undersigned were present at the Meeting with authority to vote at the said proxy's discretion, except as otherwise specified below. The Common Shares represented by this Instrument of Proxy will be voted as directed below or, if no direction is given, it will be voted in accordance with the recommendations of management. Voting recommendations are indicated by the bold text over the boxes below. To appoint someone to attend on your behalf print that name here, if this person is someone other than the individuals listed above. Without limiting the general powers hereby conferred, the undersigned hereby directs the said proxyholder to vote the Common Shares represented by this Instrument of Proxy in the following manner: Management of the Corporation recommends that you vote FOR the Arrangement Resolution. FOR AGAINST 1. Arrangement Resolution: To consider, and if deemed advisable, to pass, with or without variation, a special resolution, the full text of which is set forth in Appendix A to the accompanying management information circular and proxy statement of Enerplus dated April 23, 2024 (the “Information Circular”), approving an arrangement under Section 193 of the Business Corporations Act (Alberta) involving Enerplus, Chord Energy Corporation ("Chord"), Spark Acquisition ULC, a wholly owned subsidiary of Chord (“AcquireCo”), and the Shareholders, whereby, among other things, Chord will, through AcquireCo, acquire all of the issued and outstanding common shares of the Corporation, all as more particularly described in the Information Circular. |