Mr. Colin Jackson reports

CANADIAN UTILITIES LIMITED ELIGIBLE DIVIDENDS

The board of directors of Canadian Utilities Ltd. has declared quarterly dividends.

                          QUARTERLY DIVIDENDS

Shares             TSX stock   Dividend per   Record date   Payment date   
                      symbol       share ($)        (2023)         (2023)
 
Class A non-voting        CU        $0.4486        Aug. 3        Sept. 1              
Class B common          CU.X         0.4486        Aug. 3        Sept. 1              
Series Y 5.196%      CU.PR.C        0.32475        Aug. 3        Sept. 1              
Series AA 4.90%      CU.PR.D        0.30625        Aug. 3        Sept. 1              
Series BB 4.90%      CU.PR.E        0.30625        Aug. 3        Sept. 1              
Series CC 4.50%      CU.PR.F        0.28125        Aug. 3        Sept. 1              
Series DD 4.50%      CU.PR.G        0.28125        Aug. 3        Sept. 1              
Series EE 5.25%      CU.PR.H       0.328125        Aug. 3        Sept. 1              
Series FF 4.50%      CU.PR.I        0.28125        Aug. 3        Sept. 1              
Series HH 4.75%      CU.PR.J       0.296875        Aug. 3        Sept. 1 

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

Canadian Utilities and its subsidiary and affiliate companies have approximately 8,000 employees and assets of $23-billion. Canadian Utilities, an Atco company, is a diversified global energy infrastructure corporation, delivering essential services and innovative business solutions in utilities (electricity and natural gas transmission and distribution, and international operations), energy infrastructure (energy storage, energy generation, industrial water solutions and clean fuels) and retail energy (electricity and natural gas retail sales, and whole-home solutions).

We seek Safe Harbor.