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CU Inc. Eligible Dividends

Press Release

CALGARY, Alberta – CU Inc. (TSX: CIU.PR.A, CIU.PR.C)

The Board of Directors of CU Inc. has declared the following Cumulative Redeemable Preferred Share dividends:

Shares TSX Stock Dividend Record Date Payment Date
Symbol Per Share ($) (2019) (2019)
Series 1 4.60% CIU.PR.A 0.28750 07-Nov 01-Dec
Series 4 2.243% CIU.PR.C 0.1401875 07-Nov 01-Dec

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

CU Inc. is a wholly-owned subsidiary of Canadian Utilities Limited, an ATCO company. CU Inc. is an Alberta-based corporation with approximately 3,500 employees and assets of $16 billion; comprised of rate-regulated utility operations in natural gas and electricity transmission and distribution. More information about CU Inc. can be found on the Canadian Utilities Limited website 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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