Mr. Dave Bezanson reports

EMERA RENEWS AT-THE-MARKET EQUITY PROGRAM

Emera Inc. has renewed its at-the-market (ATM) equity program that allows the company to issue up to $600-million of common shares from treasury to the public from time to time at varying prices, at the company's discretion. Any common shares sold in the ATM program will be sold through the Toronto Stock Exchange, the New York Stock Exchange, or any other marketplace on which the common shares are listed, quoted or otherwise traded at the time of sale.

The ATM program continues to provide Emera with additional financing flexibility should it be required in the future. The volume and timing of distributions under the ATM program, if any, will be determined at the company's sole discretion. The company has entered into an equity distribution agreement dated Dec. 5, 2025, with BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. as Canadian agents, and BMO Capital Markets Corp., RBC Capital Markets LLC and Scotia Capital (USA) Inc. as U.S. agents. Distributions of the common shares through the ATM program will be made pursuant to the terms of the equity distribution agreement. The ATM program will be effective until Jan. 5, 2029, unless terminated prior to such date by the company or otherwise in accordance with the terms of the equity distribution agreement. Emera intends to use the net proceeds from the ATM program, if any, for general corporate purposes.

In connection with the renewal of the ATM program, the company has filed: (a) a prospectus supplement dated Dec. 5, 2025, to the company's Canadian short form base shelf prospectus filed today with the securities regulatory authorities in each of the provinces of Canada; and (b) a prospectus supplement dated Dec. 5, 2025, to the company's U.S. base prospectus included in its U.S. registration statement on Form F-10 filed today with the U.S. Securities and Exchange Commission.

The prospectus supplement, the shelf prospectus and the equity distribution agreement are available on SEDAR+ under the company's profile. The U.S. prospectus supplement, the U.S. base prospectus and the registration statement are available under the company's profile on EDGAR. Alternatively, the agents will send copies of the prospectus supplement and the shelf prospectus or the U.S. prospectus supplement and the U.S. base prospectus, as applicable, upon request by contacting:

• In Canada:
  • BMO Nesbitt Burns, attention: Brampton distribution centre, care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by e-mail at torbramwarehouse@datagroup.ca or by phone at 905-791-3151;
  • RBC Dominion Securities, attention: distribution centre, RBC Wellington Square (eighth floor), 180 Wellington St. W, Toronto, Ont., M5J OC2, by e-mail at Distribution.RBCDS@rbc.com;
  • Scotia Capital, attention: equity capital markets, 40 Temperance St. (sixth floor), Toronto, Ont., M5H 0B4, by e-mail at equityprospectus@scotiabank.com or by phone at 416-863-7704;
• Or in the United States:
  • BMO Capital Markets, attention: equity syndicate department, 151 West 42nd St. (32nd floor), New York, N.Y., 10036, by e-mail at bmoprospectus@bmo.com;
  • RBC Capital Markets, attention: equity syndicate, 200 Vesey St. (eighth floor), New York, N.Y., 10281-8098, by e-mail at equityprospectus@rbccm.com or by phone at 877-822-4089;
  • Scotia Capital (USA), attention: equity capital markets, 250 Vesey St. (24th floor), New York, N.Y., 10281, by e-mail at us.ecm@scotiabank.com or by phone at 212-225-6853.

About Emera Inc.

Emera is a leading North American provider of energy services headquartered in Halifax, N.S., with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in Canada, the United States and the Caribbean. The company's team of 7,600 employees is committed to its purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange, and its common shares are listed and trade on the New York Stock Exchange.

We seek Safe Harbor.