Mr. Barry Perry reports

FORTIS INC. AND ITC HOLDINGS CORP. ANNOUNCE EXPIRATION OF HART-SCOTT-RODINO WAITING PERIOD

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in respect of Fortis Inc.'s proposed acquisition of ITC Holdings Corp., has expired. The waiting period under the HSR Act expired on Aug. 10, 2016.

"Expiration of the waiting period under the HSR Act is seen as continued progress toward the completion of the transaction," said Barry Perry, president and chief executive officer of Fortis. "We remain on track to close the deal by the end of the year."

Fortis and ITC shareholders approved the acquisition in votes held on May 5 and June 22, 2016, respectively. The approval required from the Committee on Foreign Investment in the United States was received on July 8, 2016. The closing of the acquisition of ITC is subject to receipt of certain other regulatory authorizations, including state approvals.

We seek Safe Harbor.