Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 19

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 19
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     |          68.48 |     | 66.12 |     |  4,174,608 |     | 48.91 |     |             47.27 |     |   935,235 |

(1)Trading
in the Company’s Common Shares on the NYSE commenced on May 28, 2025. The price of the Company's Common Shares on the NYSE is
in USD.

<div align='center'>- 9 -

PRIOR SALES</div>

Other than (i) the issuance
of 347,059 Common Shares upon exercise of options to acquire Common Shares granted pursuant to the Stock Option Plan at exercise prices
ranging from $39.93 to $58.26 and having a weighted average exercise price of $45.69 per Common Share, (ii) the issuance of 421,218 Common
Shares pursuant to the Share Purchase Plan at prices ranging from $50.23 to $67.10 and having a weighted average price of $59.26
per Common Share, (iii) the issuance of 4,829,888 Common Shares pursuant to the Dividend Reinvestment Plan at prices ranging from $54.58
to $67.10 and having a weighted average price of $60.52 per Common Share, (iv) the issuance of 841,000 Common Shares pursuant to Emera’s
prior at-the-market program and (v) the issuance of 24,048 Common Shares upon the conversion of the 4.0% convertible unsecured subordinated
debentures of Emera, Emera has not issued any Common Shares during the twelve months prior to the date of this Prospectus.

<div align='center'>CERTAIN INCOME
TAX CONSIDERATIONS</div>

The applicable Prospectus
Supplement will describe certain material Canadian federal income tax consequences to an investor of the acquisition, ownership and disposition
of any Common Shares offered thereunder. The applicable Prospectus Supplement will also describe certain U.S. federal income tax considerations
generally applicable to the acquisition, ownership and disposition of any Common Shares offered thereunder by an initial investor who
is a U.S. person (within the meaning of the U.S. Internal Revenue Code).

<div align='center'>LEGAL MATTERS</div>

Unless otherwise indicated
in a Prospectus Supplement, certain legal matters in connection with the issuance of the Common Shares will be passed upon on behalf of
Emera by Brian C. Curry, Corporate Secretary and