Mr. Arun Banskota reports

ALGONQUIN POWER & UTILITIES CORP. HOLDS ANNUAL MEETING OF SHAREHOLDERS AND ANNOUNCES ELECTION OF BOARD OF DIRECTORS

Algonquin Power & Utilities Corp. today held an annual meeting of common shareholders. At the meeting, all of the nominees listed in the company's management information circular dated April 27, 2023, were elected as directors of Algonquin until the next annual meeting of shareholders.

On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of AQN. The results of the ballot were as shown in the attached table.

Shareholders also voted in favour of the reappointment of Ernst & Young LLP as the company's auditor for the ensuing year, and an advisory resolution approving the company's approach to executive compensation.

Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and United States securities regulatory authorities at SEDAR and EDGAR.

About Algonquin Power & Utilities Corp. and Liberty

Algonquin Power & Utilities, parent company of Liberty, is a diversified international generation, transmission and distribution utility with over $17-billion of total assets. Through its two business groups, the regulated services group and the renewable energy group, Algonquin is committed to providing safe, secure, reliable, cost-effective and sustainable energy and water solutions through its portfolio of electric generation, transmission and distribution utility investments to over one million customer connections, largely in the United States and Canada. Algonquin is a global leader in renewable energy through its portfolio of long-term contracted wind, solar and hydroelectric generating facilities, together with its pipeline of renewable energy development projects. Algonquin owns, operates and/or has net interests in over four gigawatts of installed renewable energy capacity.