Investor Presentaiton

9 PATIENCE PAYS OFF: EMERA FINDS IDEAL MATCH Significantly accretive to EPS: approx. 5% accretive in first full year¹, growing to >10% accretive by third full year¹ Accelerates growth of regulated earnings and cash flows: Pro forma earnings >80% regulated Enhances ability to support 8% dividend growth target through 2019 and beyond Expands regulated platform into more robust economic environments, new constructive regulatory environments and natural gas distribution Increases scale; making Emera a top 20 North American regulated utility 1 Current management estimate based on certain assumptions, including, a stable currency exchange environment; see "Forward-Looking Information". Excludes one-time transaction costs. Emera

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