Mr. Wassem Khalil reports

HYDRO ONE LIMITED DECLARES QUARTERLY COMMON SHARE DIVIDEND

Hydro One Ltd.'s board of directors has declared a quarterly cash dividend of 33.31 cents per share to common shareholders, to be paid on March 31, 2026, to shareholders of record on March 11, 2026.

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 1.5 million valued customers, $39.7-billion in assets as at Dec. 31, 2025, and annual revenues in 2025 of $9-billion.

The company's team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4-billion in its transmission and distribution networks, and supported the economy through buying $3.0-billion of goods and services.

Hydro One is committed to the communities where people live and work through community investment, sustainability and diversity initiatives.

Hydro One's common shares are listed on the Toronto Stock Exchange and certain of Hydro One's medium-term notes are listed on the New York Stock Exchange.