Ms. Donna Hynes reports

FORTIS INC. ANNOUNCES FIRST QUARTER DIVIDENDS-2015: INCREASES QUARTERLY COMMON SHARE DIVIDEND BY 6.25 PER CENT

Fortis Inc. has declared a common share dividend of 34 cents per share on the issued and outstanding fully paid common shares of the corporation, payable on March 1, 2015, to the common shareholders of record at the close of business on Feb. 17, 2015.

The 6.25-per-cent increase in the quarterly common share dividend to 34 cents from 32 cents extends the corporation's record of annual common share dividend payment increases to 42 consecutive years, the longest record of any public corporation in Canada.

The board of directors also declared the following dividends on its first preference shares:

• 30.63 cents per share on the first preference shares, Series E, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 30.63 cents per share on the first preference shares, Series F, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 24.27 cents per share on the first preference shares, Series G, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 26.56 cents per share on the first preference shares, Series H, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 29.69 cents per share on the first preference shares, Series J, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 25 cents per share on the first preference shares, Series K, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015;
• 25.625 cents per share on the first preference shares, Series M, of the corporation, payable on March 1, 2015, to the shareholders of record at the close of business on Feb. 17, 2015.

Fortis has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.