Mr. Barry Perry reports

FORTIS ANNOUNCES FOURTH QUARTER DIVIDENDS

The board of directors of Fortis Inc. declared today a common share dividend of 37.5 cents per share on the issued and outstanding fully paid common shares of the corporation, payable on Dec. 1, 2015, to the common shareholders of record at the close of business on Nov. 18, 2015. The 10.3-per-cent increase in the quarterly common share dividend is equivalent to an annualized common share dividend of $1.50.

The corporation is targeting annual dividend per common share growth of approximately 6 per cent through 2020, based on a 2016 dividend of $1.50.

"Fortis has achieved a number of significant goals that enhance value for our shareholders," said Barry Perry, president and chief executive officer, Fortis. "Our U.S. utility acquisitions, UNS Energy in Arizona and Central Hudson in New York, are fully integrated and performing well. The 335-megawatt Waneta hydroelectric expansion in British Columbia was successfully brought on-line in April and is operating consistent with plan. The non-core generation assets in Ontario and New York and commercial real estate were sold this year, with the sale of hotel assets pending. Recently, we reached a resolution with the government of Belize regarding expropriation matters related to Belize Electricity.

"Our dividend guidance takes into account many factors, including these significant goals achieved, the expectation of reasonable outcomes for regulatory proceedings at our utilities and the successful execution of the corporation's projected $9-billion, five-year capital plan," Mr. Perry continued. "We also remain optimistic about securing additional opportunities in our franchise areas, including further investment in natural-gas-related infrastructure," he concluded.

The board also announced the following dividends on the corporation's first preference shares:

1. A dividend of 30.63 cents per share on the first preference shares, Series E, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
2. A dividend of 30.63 cents per share on the first preference shares, Series F, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
3. A dividend of 24.27 cents per share on the first preference shares, Series G, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
4. A dividend of 15.625 cents per share on the first preference shares, Series H, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
5. A dividend of 11.731 cents per share on the first preference shares, Series I, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
6. A dividend of 29.69 cents per share on the first preference shares, Series J, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
7. A dividend of 25.00 cents per share on the first preference shares, Series K, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015;
8. A dividend of 25.625 cents per share on the first preference shares, Series M, of the corporation, payable on Dec. 1, 2015, to the shareholders of record at the close of business on Nov. 18, 2015.

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

We seek Safe Harbor.