This news release constitutes a “designated news release” for the purposes of Emera’s prospectus supplement dated August 12, 2021 to its short form base shelf prospectus dated August 5, 2021

HALIFAX, Nova Scotia--(BUSINESS WIRE)--On September 24, 2021 the Board of Directors of Emera Inc. (TSX: EMA) approved an increase in the annual common share dividend to $2.65 from $2.55 per common share and extended its dividend growth rate target of four to five per cent through to 2024.

“We continue to see opportunity for growth as we execute on our strategy of investing in a lower carbon energy transition that is affordable and reliable for our customers,” said Scott Balfour, President and CEO of Emera Inc. “These investments are expected to continue to drive cash flow and EPS growth, which supports the increase in our dividend for 2022 and the extension of our dividend growth target of four to five percent through 2024.”