Investor Presentaiton

22 32 Tunja Boyaca Duitama Latin America Sogamoso EBSA Utility EBSA provided strategic value to existing asset portfolio • . Bogota Headquarters located in Tunja, 150 km from Bogota Sole distributor to a population of over 1.3 million; proven management team with local expertise Operates under regulatory framework with an approximately 11.5% RAB is expected to grow at a rate in excess of inflation average approved WACC of Other key regulatory features including RAB inflation indexation, a five-year planning cycle and limited to no demand risk Provided a measure of stability and predictability to Free Cash Flow Reduced concentration risk as well as exposure to re-contracting and merchant power price risk Provided Northland with a platform to drive future opportunities in Colombia and Latin America EBSA is one of a few energy companies in Colombia with favourable grandfathered rights allowing for vertical integration across all segments of the electricity market Key Operating Metrics 34,035 km Distribution Lines 105 Substations COP 1,670 BN RAB (C$ 622M) 1.7 TWh Energy Distributed Distribution Commercialization 503,000 Regulated Clients 573 Full Time Employees 915 MVA 220kV/115kV Transmission Regulated revenue subject to revenue cap and five-year tariff review process-No volume risk Power retailer for 100% of regulated clients in Boyacá and 44% market share of commercialization segment Operator of 790km of national and regional transmission lines and 18 substations; fixed annual revenue for 25 years NORTHLAND POWER

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