Mr. Scott Balfour reports

EMERA ANNOUNCES INCREASE IN COMMON DIVIDEND

Emera Inc.'s board of directors has approved an increase in the company's quarterly dividend on its common share to 73.25 cents per share. The new quarterly dividend represents an annualized dividend of $2.93, a 1-per-cent increase from the previous annual dividend of $2.90 per share.

"Today's increase marks our 19th consecutive year of growing our dividend and reflects our continued focus on delivering stable and sustainable returns to our shareholders," said Scott Balfour, president and chief executive officer of Emera. "Our continued dividend growth is supported by our forecasted 7-to-8-per-cent rate base growth through 2029 and 5-to-7-per-cent average adjusted earnings per share growth target through 2027."

Emera continues to prioritize the enhancement of shareholder value through disciplined financial management and a robust growth strategy.

About Emera Inc.

Emera is a leading North American provider of energy services headquartered in Halifax, N.S., with investments in regulated electric and natural gas utilities and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in the United States, Canada and the Caribbean. Emera's team of 7,600 employees is committed to the company's purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

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