Ms. Donna Hynes reports

FORTIS INC. ISSUES 58,228,787 COMMON SHARES UPON CONVERSION OF OUTSTANDING CONVERTIBLE DEBENTURES

Fortis Inc. has received all outstanding final instalment payments in respect of its 4-per-cent convertible unsecured subordinated debentures represented by instalment receipts. Holders of $1,788,787,434 principal amount of debentures have elected to convert their debentures into Fortis common shares. As a result, Fortis has issued 58,228,787 common shares to holders of debentures. Debentures equalling $11,212,566 principal amount remain outstanding after giving effect to such conversions.

Holders of fully paid debentures have the right, at any time prior to redemption or maturity, to convert their debentures into common shares at a price of $30.72 per common share. The closing price of the common shares on the Toronto Stock Exchange yesterday, Oct. 27, 2014, was $35.75. Holders of debentures are encouraged to exercise their conversion right before the next common share dividend record date to ensure that they receive future dividends paid by Fortis. Conversion elections must be made by holders of debentures through their broker, investment adviser or other intermediary.

Holders of debentures are reminded that as of today, the interest payable on the debentures has fallen to an annual rate of 0 per cent. As a result, no further interest will accrue or be paid on the debentures. The debentures are not and will not be listed on the TSX, and may in the future be redeemed at par by Fortis.

The instalment receipts, which until yesterday represented the interest of holders in the underlying debentures, have now been cancelled and delisted from the TSX.

We seek Safe Harbor.