Ms. Stephanie Amaimo reports

FORTIS INC. ANNOUNCES CLOSING OF OFFERING OF FIXED-TO-FIXED RATE SUBORDINATED NOTES

Fortis Inc. has closed its offering by private placement, pursuant to the exemptions from the prospectus requirements of applicable Canadian securities laws, of $750-million aggregate principal amount of 5.100 per cent fixed-to-fixed-rate subordinated notes due Dec. 4, 2055. The offering was made through a syndicate of agents co-led by BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc., and TD Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Wells Fargo Securities Canada Ltd., Merrill Lynch Canada Inc., Morgan Stanley Canada Ltd., MUFG Securities (Canada) Ltd. and Cedar Leaf Capital Inc. as co-managers.

About Fortis Inc.

Fortis is a 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 June 30, 2025. The corporation's 9,700 employees serve utility customers in five Canadian provinces, 10 U.S. states and the Caribbean. Fortis's shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.