Ms. Karen McCarthy reports

FORTIS INC. COMPLETES SALE OF AITKEN CREEK NATURAL GAS STORAGE FACILITIES IN BRITISH COLUMBIA

Fortis Inc.'s FortisBC Holdings Inc. has completed the sale of its 93.8-per-cent interest in the Aitken Creek natural gas storage facility in British Columbia and its 100-per-cent interest in the Aitken Creek North gas storage facility (collectively Aitken Creek) to a subsidiary of Enbridge Inc. (TSX/NYSE: ENB) for approximately $400-million plus working capital and closing adjustments, following the satisfaction of all regulatory requirements.

As indicated earlier this year, the sale of Aitken Creek further strengthens the company's balance sheet and provides additional financing flexibility to support the company's regulated utility growth strategy.

CIBC Capital Markets and Fasken acted as the exclusive financial and legal advisers, respectively, to Fortis.

About Fortis Inc.

Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2022 revenue of $11-billion and total assets of $66-billion as at Sept. 30, 2023. The corporation's 9,200 employees serve utility customers in five Canadian provinces, 10 U.S. states and three Caribbean countries.

Fortis shares are listed on the Toronto Stock Exchange and New York Stock Exchange and trade under the symbol FTS.