Mr. Gavin Wylie reports

TC ENERGY DECLARES QUARTERLY DIVIDENDS

TC Energy Corp.'s board of directors has declared a quarterly dividend of 96 cents per common share for the quarter ending Mar. 31, 2024, on the company's outstanding common shares. The common share dividend is payable on Apr. 30, 2024, to shareholders of record at the close of business on Mar. 28, 2024.

The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:

For the period up to but excluding Mar. 28, 2024, payable on Mar. 28, 2024, to shareholders of record at the close of business on Feb. 29, 2024:

Series 1 (TRP.PR.A) - $0.2174375 per share

Series 2 (TRP.PR.F) - $0.4280309 per share

Series 3 (TRP.PR.B) - $0.105875 per share

Series 4 (TRP.PR.H) - $0.388683 per share

For the period up to but excluding Apr. 30, 2024, payable on Apr. 30, 2024, to shareholders of record at the close of business on Apr. 2, 2024:

Series 5 (TRP.PR.C) - $0.1218125 per share

Series 6 (TRP.PR.I) - $0.4088163 per share

Series 7 (TRP.PR.D) - $0.243938 per share

Series 9 (TRP.PR.E) - $0.235125 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.

Common shares purchased with reinvested cash dividends under TC Energy's Dividend Reinvestment and Share Purchase Plan (DRP) 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

We're a team of 7,000+ energy problem solvers working to move, generate and store the energy North America relies on. Today, we're taking action to make that energy more sustainable and more secure - while innovating and modernizing to reduce emissions from our business. Along the way, we invest in communities and partner with our neighbours, customers and governments to build the energy system of the future.

TC Energy's common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com .

We seek Safe Harbor.