Ms. Stephanie Amaimo reports

FORTIS INC. ANNOUNCES PRICING OF SENIOR UNSECURED NOTES

Fortis Inc. has priced an offering by private placement, pursuant to the exemptions from the prospectus requirements of applicable Canadian securities laws, of $600-million aggregate principal amount of 4.090 per cent senior unsecured notes due March 26, 2032. The offering is being made on a best efforts basis through a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and TD Securities Inc., and CIBC World Markets Inc., Scotia Capital Inc., Desjardins Securities Inc., National Bank Financial Inc., Merrill Lynch Canada Inc., Morgan Stanley Canada Ltd. , MUFG Securities (Canada) Ltd., Wells Fargo Securities Canada Ltd. and Cedar Leaf Capital Inc., pursuant to an agency agreement entered into earlier today by the corporation and the agents. The offering is expected to close on March 26, 2025.

Interest on the notes will be payable semi-annually in arrears on March 26 and Sept. 26 of each year, commencing on Sept. 26, 2025. The net proceeds of the offering will be used to reduce borrowings under the corporation's revolving corporate credit facility and for general corporate purposes.

About Fortis Inc.

Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2024 revenue of $12-billion and total assets of $73-billion as at Dec. 31, 2024. The corporation's 9,800 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.

We seek Safe Harbor.