Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 3

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 3
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 “SEC”) and the requirements of the PCAOB.

Prospective investors should be aware that the acquisition of Common Shares described herein may subject them to tax consequences in both the U.S. and Canada. This Prospectus may not describe these tax consequences fully. You should read the tax discussion contained in any applicable Prospectus Supplement.

Your ability to enforce civil liabilities under United States of America (“U.S.”) federal securities laws may be affected adversely because (a) Emera is incorporated under the laws of the Province of Nova Scotia, Canada, (b) some of our officers and directors and some of the experts named in this Prospectus are non-U.S. residents, and (c) some of our assets and some of the assets of those officers, directors and experts may be located outside of the U.S.

THESE COMMON SHARES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC NOR HAS THE SEC PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.

No underwriter or dealer has been involved in the preparation of, or has performed any review of, this Prospectus.

The specific terms of any
offering of Common Shares will be set forth in one or more shelf prospectus supplements (each, a “Prospectus Supplement”).
A Prospectus Supplement may include other terms pertaining to the Common Shares that are not prohibited by the parameters set forth in
this prospectus.

Purchasers should read this
Prospectus and any applicable Prospectus Supplement carefully before investing. This Prospectus may not be used to offer the Common Shares
unless accompanied by a Prospectus Supplement. Emera’s intended use for any net proceeds expected to be received from the issue
of the Common Shares will be set forth in a Prospectus Supplement. All shelf information permitted under applicable laws to be omitted
from this Prospectus will be contained in one or more Prospectus Supplements that will be delivered to purchasers together with this Prospectus,
except in cases where an exemption from such delivery requirement is available. Each Prospectus Supplement will be incorporated by reference
into this Prospectus for the purposes of securities legislation as of the date of the Prospectus Supplement and only for the purposes
of the Common Shares to which the Prospectus Supplement pertains.

The issued and outstanding
Common Shares are listed on the Toronto Stock Exchange (“TSX”) under the symbol “EMA” and the New York
Stock Exchange (“NYSE”) under the symbol