Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 20

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 20
---
 by Osler, Hoskin & Harcourt LLP. As at November 30, 2025, Mr. Curry and
partners and associates of Osler, Hoskin & Harcourt LLP, as a group, beneficially owned, directly or indirectly, less than 1% of each
series of outstanding securities of Emera.

<div align='center'>EXPERTS</div>

Ernst & Young LLP, Chartered
Professional Accountants, Halifax, Nova Scotia are the auditors of Emera. Ernst & Young LLP report that they are independent of Emera
in the context of the Securities Act and the applicable rules and regulations thereunder adopted by the SEC and the PCAOB and in accordance
with the CPA Code of Professional Conduct of the Chartered Professional Accountants of Nova Scotia.

The consolidated financial
statements of Emera appearing in Emera’s Form 40-F for the year ended December 31, 2024, have been audited by Ernst & Young
LLP, Chartered Professional Accountants, Halifax, Nova Scotia, as set forth in their report thereon, included therein, and incorporated
herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such report given on
the authority of such firm as experts in accounting and auditing.

<div align='center'>REGISTRAR AND TRANSFER
AGENT</div>

TSX Trust Company is the Company’s
Canadian transfer agent and registrar. Registers for the registration and transfer of Common Shares in registered form of Emera are kept
at TSX Trust Company’s principal offices in Halifax, Montreal and Toronto. Equiniti Trust Company is the Company’s U.S. transfer
agent.

<div align='center'>- 10 -

WKSI REGIME</div>

Reliance on Well-Known Seasoned Issuers Rules

The securities regulatory authorities in each of the provinces and territories of Canada published amendments to NI 44-102 and other securities law instruments implementing a permanent expedited shelf prospectus regime (the “ WKSI Rules”) for “well known seasoned issuers” (“ WKSI”) which have since come into force as of November 28, 2025. We have filed this Prospectus in reliance upon the WKSI Rules in the provinces of Canada which permit WKSIs, to file a final short form base shelf prospectus as the first public step in an offering, and exempt qualifying issuers from certain disclosure requirements relating to such final short form base shelf prospectus. The Company has determined that as at December