Mr. Kenneth Moore reports

ALGONQUIN POWER & UTILITIES CORP. APPOINTS NEW INDEPENDENT DIRECTOR

Algonquin Power & Utilities Corp.'s board of directors has appointed David Levenson, formerly managing partner at Brookfield Asset Management, to the board, effective immediately. Following Mr. Levenson's appointment, the board comprises nine directors, eight of whom are independent for the purposes of Canadian securities laws and New York Stock Exchange corporate governance standards.

"We welcome David to the board as we advance our strategic transformation into a pure play regulated utility," said Kenneth Moore, chair of the Algonquin board of directors. "We identified David through our normal course director search process, and we believe his experience and expertise will benefit the company. Today's appointment is aligned with our commitment to simplifying the business, enhancing value for shareholders and positioning the company for future growth."

About Mr. Levenson

Mr. Levenson is the former global head of Brookfield Special Investments and managing partner at Brookfield Asset Management. Mr. Levenson joined Brookfield in 2004 and was chief investment officer of its infrastructure business as well as head of its U.S. private equity activities before starting and leading Brookfield Special Investments. Mr. Levenson left Brookfield in March of 2023 and currently sits on the board of Chorus Aviation, a Canadian publicly traded company. Mr. Levenson holds a bachelor of commerce from McGill University and a master of business administration from Harvard Business School and is a chartered financial analyst.

About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities, parent company of Liberty, is a diversified international generation, transmission and distribution utility with approximately $18-billion of total assets. Algonquin is committed to providing safe, secure, reliable, cost-effective and sustainable energy and water solutions through its portfolio of generation, transmission and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, Algonquin owns, operates and/or has net interests in over four gigawatts of installed renewable energy capacity.

We seek Safe Harbor.