Mr. Colin Jackson reports

CU INC. ELIGIBLE DIVIDENDS

The board of directors of CU Inc. has declared cumulative redeemable preferred share dividends.

                   PREFERRED SHARE DIVIDENDS DECLARED

Shares             TSX stock    Dividend    Record date    Payment date   
                      symbol   per share          (2024)          (2024)
 
Series 1, 4.60%     CIU.PR.A    $0.28750         Feb. 1         March 1               
Series 4, 2.292%    CIU.PR.C     0.14325         Feb. 1         March 1               

These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

CU is a wholly owned subsidiary of Canadian Utilities Ltd., an Atco company. CU is an Alberta-based corporation with approximately 3,700 employees and assets of $18-billion, composed of rate regulated utility operations in pipelines, and natural gas and electricity transmission and distribution.

We seek Safe Harbor.