Ms. Janet Craig reports

FORTIS INC. SELLS 4.7 MILLION TRUST UNITS OF SLATE OFFICE REIT

Fortis Inc. has agreed to sell 4,729,729 trust units of Slate Office REIT, representing approximately 10.3 per cent of the issued and outstanding trust units of Slate Office on a fully diluted basis, in a secondary sale on a bought-block-trade basis at a sale price of $7.78 per trust unit, for aggregate gross proceeds to Fortis of approximately $36.8-million. The trust units are being sold by Fortis to support its general financing requirements and its objective to invest in the core utility business of Fortis. The sale is expected to close on Nov. 22, 2016.

The underwriters for the sale are being led by CIBC Capital Markets. Immediately prior to entering into the secondary sale transaction, Fortis owned 4,729,729 trust units of Slate Office. On closing of the sale, Fortis will no longer own any trust units of Slate Office.

We seek Safe Harbor.