Mr. Frank Glosnek reports

UNITED CORPORATIONS LIMITED ANNOUNCES DIVIDENDS

The board of directors of United Corporations Ltd. has declared the cash dividends in the attached table.

Class                                    Record date     Payable date   Amount of dividend

First preferred shares                  Nov. 3, 2023    Nov. 15, 2023           37.5 cents             
Second preferred shares, 1959 series    Nov. 3, 2023    Nov. 15, 2023           37.5 cents            
Second preferred shares, 1963 series    Nov. 3, 2023    Nov. 15, 2023           37.5 cents            
Common shares                           Nov. 3, 2023    Nov. 15, 2023             30 cents             

United Corporations advises that the dividends are eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation.