Mr. Rod West reports

ALGONQUIN POWER & UTILITIES CORP. COMPLETES SALE OF OWNERSHIP STAKE IN CHILEAN UTILITY

Algonquin Power & Utilities Corp. has completed the previously announced sale of its approximately 64-per-cent ownership interest in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos. The transaction was originally announced on Aug. 28, 2026. The transaction resulted in total proceeds of approximately $126.4-million, plus an earnout opportunity of up to $1.5-million.

"This transaction represents another important step in simplifying our portfolio and sharpening our focus on our core regulated utility businesses," said Rod West, chief executive officer of Algonquin. "Our approach to portfolio decisions remains disciplined and deliberate, with a focus on strengthening the regulated platform and supporting compelling long-term value for our stakeholders. We are grateful to the Suralis team for their commitment to customers and the communities they serve."

Proceeds from the transaction are expected to be used for debt paydown and to facilitate capital recycling into the company's capital plan for 2026 to 2028.

About Algonquin Power & Utilities Corp. and Liberty

Algonquin Power & Utilities, parent company of Liberty Utilities Co., is a diversified international generation, transmission and distribution utility. Algonquin Power is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. Algonquin Power's common shares, preferred shares, Series A and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A and AQN.PR.D, respectively. Algonquin Power's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.

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