Ms. Stephanie Amaimo reports

FORTIS INC. ANNOUNCES CLOSING OF OFFERING OF SENIOR UNSECURED NOTES

Fortis Inc. has closed its offering, by private placement pursuant to the exemptions from the prospectus requirements of applicable Canadian securities laws, of $500-million aggregate principal amount of 5.677 per cent senior unsecured notes due Nov. 8, 2033. The offering was made through a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and Scotia Capital Inc., and including TD Securities Inc., CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., Morgan Stanley Canada Ltd., Merrill Lynch Canada Inc., MUFG Securities (Canada) Ltd. and Wells Fargo Securities Canada Ltd.

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's shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.