An anonymous director reports

HYDRO ONE LIMITED DECLARES QUARTERLY COMMON SHARE DIVIDEND

Hydro One Ltd. has declared a quarterly cash dividend to common shareholders of 29.64 cents per share to be paid on June 30, 2023, to shareholders of record on June 7, 2023.

Unless indicated otherwise, all common share dividends paid by Hydro One to shareholders are designated as eligible dividends for the purpose of the Income Tax Act (Canada) and any similar provincial legislation. Such quarterly dividends, unless and until changed, are only payable as and when declared by Hydro One's board of directors and there is no entitlement to any dividend prior thereto.

About Hydro One Ltd.

Hydro One, through its wholly owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $31.5-billion in assets as at Dec. 31, 2022, and annual revenues in 2022 of approximately $7.8-billion.

The company's team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2022, Hydro One invested approximately $2.1-billion in its transmission and distribution networks, and supported the economy through buying approximately $1.9-billion of goods and services.

The company is committed to the communities where it lives and works through community investment, sustainability and diversity initiatives. The company is designated as a Sustainable Electricity Leader by Electricity Canada.