Emera Approves Quarterly Dividends

HALIFAX, Nova Scotia–(BUSINESS WIRE)– On June 23, 2020 the Board of Directors of Emera Inc. (TSX: EMA) approved quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after August 14, 2020 to the applicable shareholders of record at the close of business on July 31, 2020, as follows:

1. $0.6125 per common share;
2. $0.1597 per Series A First Preferred Share;
3. $0.1351 per Series B First Preferred Share;
4. $0.29506 per Series C First Preferred Share;
5. $0.28125 per Series E First Preferred Share;
6. $0.26263 per Series F First Preferred Share; and
7. $0.30625 per Series H First Preferred Share.

Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $34 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

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Emera Inc.

Investor Relations:

Ken McOnie, 902-428-6945

ken.mconie@emera.com

or

Scott Hastings, 902-474-4787

scott.hastings@emera.com

Media:

902-222-2683

Source: Emera Inc.