Mr. Gavin Wylie reports

TC ENERGY DECLARES QUARTERLY DIVIDENDS

TC Energy Corp.'s board of directors has declared a quarterly dividend of 93 cents per common share for the quarter ending Sept. 30, 2023, on the company's outstanding common shares. The common share dividend is payable on Oct. 31, 2023, to shareholders of record at the close of business on Sept. 29, 2023.

The board also declared quarterly dividends on the outstanding cumulative first preferred shares as follows:

• For the period up to but excluding Sept. 29, 2023, payable on Sept. 29, 2023, to shareholders of record at the close of business on Aug. 31, 2023:
  • Series 1 (TRP.PR.A) -- 21.74375 cents per share;
  • Series 2 (TRP.PR.F) -- 40.40774 cents per share;
  • Series 3 (TRP.PR.B) -- 10.5875 cents per share;
  • Series 4 (TRP.PR.H) -- 36.41870 cents per share;
• For the period up to but excluding Oct. 30, 2023, payable on Oct. 30, 2023, to shareholders of record at the close of business on Oct. 3, 2023:
  • Series 5 (TRP.PR.C) -- 12.18125 cents per share;
  • Series 6 (TRP.PR.I) -- 40.78247 cents per share;
  • Series 7 (TRP.PR.D) -- 24.3938 cents per share;
  • Series 9 (TRP.PR.E) -- 23.5125 cents per share;
• For the period up to but excluding Aug. 31, 2023, payable on Aug. 31, 2023, to shareholders of record at the close of business on Aug. 15, 2023:
  • Series 11 (TRP.PR.G) -- 20.94375 cents per share.

These dividends are designated by TC Energy to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Commencing with the dividends declared on July 27, 2023, common shares purchased with reinvested cash dividends under TC Energy's dividend reinvestment and share purchase plan (DRP) will no longer be satisfied with shares issued from treasury at a discount, but rather will be acquired on the Toronto Stock Exchange at 100 per cent of the weighted average purchase price. The DRP is available for dividends payable on TC Energy's common and preferred shares.

About TC Energy Corp.

TC Energy is a team of more than 7,000 energy problem solvers working to move, generate and store the energy North America relies on. Today, TC Energy is taking action to make that energy more sustainable and more secure. TC Energy is innovating and modernizing to reduce emissions from its business. And, TC Energy is delivering new energy solutions -- from natural gas and renewables to carbon capture and hydrogen -- to help other businesses and industries decarbonize too. Along the way, TC Energy invests in communities and partners with its neighbours, customers and governments to build the energy system of the future.

TC Energy's common shares trade on the Toronto Stock Exchange and New York Stock Exchange under the symbol TRP.

We seek Safe Harbor.