Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 18

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 18
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 Company paid per share quarterly cash dividends on its Common Shares of
$0.725 in February 2025, May 2025 and August 2025 and aggregate per share quarterly cash dividends on its Common Shares of $2.8775 in
2024, $2.7875 in 2023 and $2.6775 in 2022. On September 25, 2025, Emera approved an increase in the Company’s quarterly dividend
on its Common Shares to $0.7325 per share, representing an annualized dividend of $2.93. The first increased payment was effective November
2025.

Regular quarterly dividends
at the prescribed rate have been paid on all of the First Preferred Shares, Series A, First Preferred Shares, Series C, First Preferred
Shares, Series E, First Preferred Shares, Series F First Preferred Shares, Series H, First Preferred Shares, Series J and First Preferred
Shares, Series L.

<div align='center'>TRADING PRICES
AND VOLUMES</div>

The following tables set forth,
for the periods indicated, the reported high and low daily trading prices and the aggregate volume of trading of the Company's Common
Shares on the TSX (as reported by the TSX) and the NYSE (as reported by NYSE).

|              |     | TSX Trading of 
  Common Shares |     |       |     |            |     |       |     |   NYSE Trading of 
 Common Shares (1) |     |           |
|              |     |           High |     |   Low |     |     Volume |     |  High |     |               Low |     |    Volume |
|              |     |             -$ |     |    -$ |     |         -# |     |    -$ |     |                -$ |     |        -# |
| 2024         |     |                |     |       |     |            |     |       |     |                   |     |           |
| December     |     |          56.20 |     | 52.71 |     | 23,295,397 |     |     - |     |                 - |     |         - |
| 2025         |     |                |     |       |     |            |     |       |     |                   |     |           |
| January      |     |          55.70 |     | 51.23 |     | 33,099,278 |     |