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Press release from Business Wire

Emera Completes $201.4 Million Common Share Financing


Friday, December 14, 2012

Emera Completes $201.4 Million Common Share Financing08:44 EST Friday, December 14, 2012 HALIFAX, Nova Scotia (Business Wire) -- Emera Incorporated ("Emera") (TSX:EMA) is pleased to announce today that it has completed its bought deal offering of 5,905,250 common shares (the “Common Shares”), which includes the exercise in full of the over-allotment option of 770,250 Common Shares, at $34.10 per Common Share for aggregate gross proceeds to Emera of approximately $201.4 million (the “Offering”). The syndicate of underwriters was led by TD Securities Inc., CIBC, RBC Capital Markets and Scotiabank and also included BMO Nesbitt Burns Inc., National Bank Financial Inc. and Canaccord Genuity Corp. The net proceeds of the Offering will be used for general corporate purposes, including reducing indebtedness outstanding under Emera's credit facility. The Common Shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful. Forward Looking Information This news release contains forward looking information. Actual future results may differ materially. Additional information related to Emera, including the company's Annual Information Form, can be found on SEDAR at About Emera Emera Inc. is an energy and services company with $7.4 billion in assets and 2011 revenues of $2.1 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has interests throughout northeastern North America, in three Caribbean countries. More than 80% of the company's earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbols EMA, EMA.PR.A, and EMA.PR.C. Additional information can be accessed at or at Emera Inc.Jill MacDonald, CA, (902) 428-6486Manager, Investor Relations