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Emera
Emera Approves Increase in Common Dividend and Declares Quarterly Dividends



October 2, 2017

On September 29, 2017 the Board of Directors of Emera Inc. (TSX: EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F) approved an increase in the annual common share dividend rate to $2.26 from $2.09 per common share. The first quarterly payment of $0.565 per common share is payable on and after November 15, 2017 to common shareholders of record at the close of business on November 1, 2017.

"Emera has increased our annual dividend consistent with our 8% targeted growth rate. This is supported by the strong earnings and cash flow growth that has resulted from the acquisition of TECO Energy and upcoming commercial operation of the Maritime Link project." said Chris Huskilson, President and CEO of Emera Inc.

The Board of Directors also approved a quarterly dividend of $0.1597 per Series A First Preferred Share payable on and after November 15, 2017 to Series A First Preferred shareholders of record at the close of business on November 1, 2017; a quarterly dividend of $0.1635 per Series B First Preferred Share payable on and after November 15, 2017 to Series B First Preferred shareholders of record at the close of business on November 1, 2017; a quarterly dividend of $0.25625 per Series C First Preferred Share payable on and after November 15, 2017 to Series C First Preferred shareholders of record at the close of business on November 1, 2017; a quarterly dividend of $0.28125 per Series E First Preferred Share payable on and after November 15, 2017 to Series E First Preferred shareholders of record at the close of business on November 1, 2017; and a quarterly dividend of $0.265625 per Series F First Preferred Share payable on and after November 15, 2017 to Series F First Preferred shareholders of record at the close of business on November 1, 2017.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders, its Series A First Preferred shareholders, its Series B First Preferred shareholders; its Series C First Preferred shareholders; its Series E First Preferred shareholders; and its Series F First Preferred shareholders that such dividends declared qualify as eligible dividends.

About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $29 billion in assets and 2016 revenues of more than $4 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services 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 continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. 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, and EMA.PR.F. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Contacts

Emera Inc.
Greg Blunden
Chief Financial Officer
902-428-6040
or
Ken McOnie
Vice President Investor Relations and Treasurer
902.428-6945
Kenneth.McOnie@emera.com

For more information:

Organization:
Emera Inc.

Address:
1894 Barrington St
Halifax, Nova Scotia
Canada, B3J 2A8
www.emera.com
Tel: 902-450-0507


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