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Canadian Utilities Limited Eligible Dividends

Press Release

CALGARY, Alberta – Canadian Utilities Limited (TSX: CU, CU.X)

The Board of Directors of Canadian Utilities Limited has declared the following quarterly dividends:

Shares TSX Stock Dividend Record Date Payment Date
Symbol Per Share ($) (2019) (2019)
Class A non-voting CU 0.42270 07-Nov 01-Dec
Class B common CU.X 0.42270 07-Nov 01-Dec
Series Y 3.403% CU.PR.C 0.2126875 07-Nov 01-Dec
Series AA 4.90% CU.PR.D 0.30625 07-Nov 01-Dec
Series BB 4.90% CU.PR.E 0.30625 07-Nov 01-Dec
Series CC 4.50% CU.PR.F 0.28125 07-Nov 01-Dec
Series DD 4.50% CU.PR.G 0.28125 07-Nov 01-Dec
Series EE 5.25% CU.PR.H 0.328125 07-Nov 01-Dec
Series FF 4.50% CU.PR.I 0.28125 07-Nov 01-Dec

These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

With approximately 5,000 employees and assets of $22 billion, Canadian Utilities Limited is an ATCO company. Canadian Utilities Limited is a diversified global energy infrastructure corporation delivering service excellence and innovative business solutions in Electricity (electricity generation, transmission and distribution), Pipelines & Liquids (natural gas transmission, distribution and infrastructure development; and energy storage and industrial water solutions) and Retail Energy (electricity and natural gas retail sales). More information can be found at www.canadianutilities.com

Media & Investor Inquiries:

D.A. (Dennis) DeChamplain

Executive Vice President &

Chief Financial Officer

403-292-7502

IBF4

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