An anonymous director reports

TRANSALTA DECLARES DIVIDENDS

TransAlta Corp. has declared a quarterly dividend of 5.5 cents per common share, payable on Jan. 1, 2024, to shareholders of record at the close of business on Dec. 1, 2023.

The company has also declared quarterly dividends on its cumulative redeemable rate reset first preferred shares for the period starting from and including Sept. 30, 2023, up to but excluding Dec. 31, 2023.

When the dividend payment date falls on a weekend or holiday, the payment is made the following business day.

About TransAlta Corp.

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia, with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses, and utility customers with clean, affordable, energy-efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power, and Alberta's largest producer of hydro-electric power. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities where it operates and where its employees work and live. TransAlta aligns its corporate goals with the United Nations Sustainable Development Goals and its climate change strategy with CDP (formerly Climate Disclosure Project) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 68-per-cent reduction in GHG (greenhouse gas) emissions, or 22 million tonnes, since 2015 and has received scores of A- from CDP and AA from MSCI.