Ms. Nancy Southern reports

ATCO APPOINTS ROB PEABODY TO BOARD OF DIRECTORS

Atco Ltd. has appointed Rob Peabody, the former president and chief executive officer of Husky Energy, to the Atco board of directors, effective immediately. "We are honoured to welcome Rob Peabody to our board of directors," said Nancy Southern, chair and chief executive officer of Atco. "Rob's global leadership experience, his deep commitment to safety and his proven track record of driving strategic transformation will yield valuable insights for Atco as we continue to evolve and invest in life's essentials for a changing world."

Mr. Peabody has more than 40 years of experience in the oil, gas and chemicals industries, including serving as president and chief executive officer of Husky Energy prior to its merger with Cenovus. Before becoming CEO in 2016, Mr. Peabody served as Husky's chief operating officer for a decade. Prior to joining Husky, he held senior leadership roles at BP across production, refining, chemicals manufacturing, trading, strategy and performance management, with global responsibilities. Mr. Peabody currently serves as director of Akita Drilling and Petronas Canada and is chairman of the Calgary Health Foundation. He holds a master of science in management from Stanford University (Sloan Fellow) and a bachelor of science in mechanical engineering from the University of British Columbia.

About Atco Ltd.

As a global enterprise, Atco and its subsidiary and affiliate companies have 21,000 employees and assets of $27-billion. Atco is committed to future prosperity by working to meet the world's essential energy, housing, security and transportation challenges.