Emera Inc. (TSX/NYSE:EMA) today announces that its Board of Directors have approved an increase in the company’s quarterly dividend on its common share to $0.74 per share. The new quarterly dividend represents an annualized dividend of $2.96, a 1% increase from the previous annual dividend of $2.93 per share.

"This increase marks our 20th consecutive year of dividend growth, underscoring the strength of our business and our commitment to delivering stable, sustainable returns to shareholders," said Scott Balfour, President and CEO of Emera Inc. "The continued growth in our dividend is supported by our forecasted 7-8% rate base growth and 5-7% average adjusted earnings per share¹ growth target through 2030."

Emera continues to prioritize the enhancement of shareholder value through disciplined financial management and a robust growth strategy.

Non-GAAP Financial Measures and Ratios

¹Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures and ratios by adjusting certain GAAP measures for specific items. Management believes excluding these items better distinguishes the ongoing operations of the business. For further information on the non-GAAP financial measure, adjusted net income, and the non-GAAP ratio, adjusted EPS – basic, refer to the "Non-GAAP Financial Measures and Ratios" section of Emera’s Q2 2025 MD&A which is incorporated herein by reference and can be found on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.

Forward Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of US applicable securities laws including, without limitation, the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking information") with respect to Emera, including without limitation, statements about the Company’s expectations regarding future growth, including expectations about 7% to 8% rate base growth, 5-7% average adjusted earnings per share¹growth, results of operations, performance and annual dividend growth. Forward-looking information is typically identified by words such as "anticipate," "expect," "intend," "plan," "target," "believe," "forecast," "estimate," "will," "may," "should," and similar expressions suggesting future outcomes. Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward- looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from those expressed or implied by such forward-looking information. The forward-looking information in this news release is made only as of the date hereof, and except as required by law, Emera disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, future events or otherwise. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading "Enterprise Risk and Risk Management" in Emera’s annual Management’s Discussion and Analysis, and under the heading "Principal Financial Risks and Uncertainties" in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.

About Emera Inc.

Emera (TSX/NYSE:EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, 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 2.1 million customers in the United States, Canada and the Caribbean. Our team of 6,800 employees is committed to our 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. Additional information can be accessed at www.emera.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

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Investor Relations

Dave Bezanson, SVP, Capital Markets

902-233-2674

dave.bezanson@emera.com

Media

Emera Corporate Communications

media@emera.com