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Press release from Business Wire

Emera Approves Increase in Common Dividend and Declares Quarterly Dividends

Wednesday, October 16, 2013

Emera Approves Increase in Common Dividend and Declares Quarterly Dividends

08:55 EDT Wednesday, October 16, 2013

HALIFAX, Nova Scotia (Business Wire) -- On October 16, 2013 the Board of Directors of Emera Inc. (TSX: EMA EMA.PR.A EMA.PR.C and EMA.PR.E) approved an increase in the annual common share dividend rate to $1.45 from $1.40 per common share. The first quarterly payment of $0.3625 per common share is payable on and after November 15, 2013 to common shareholders of record at the close of business on November 1, 2013.

“This dividend increase is well supported by the strength of Emera's cash flows, and reflects our confidence in the continuing growth of our business” said Chris Huskilson, President and Chief Executive Officer of Emera Inc.

The Board of Directors also approved a quarterly dividend of $0.2750 per Series A First Preferred Share payable on and after November 15, 2013 to Series A First Preferred shareholders of record at the close of business on November 1, 2013; a quarterly dividend of $0.25625 per Series C First Preferred Share payable on and after November 15, 2013 to Series C First Preferred shareholders of record at the close of business on November 1, 2013; and a quarterly dividend of $0.28125 per Series E First Preferred Share payable on and after November 15, 2013 to Series E First Preferred shareholders of record at the close of business on November 1, 2013.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders, its Series A First Preferred shareholders, its Series C First Preferred shareholders; and its Series E First Preferred shareholders that such dividends declared qualify as eligible dividends.

About Emera Inc.

Emera Inc. is an energy and services company with $8.0 billion in assets and 2012 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 and 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 symbol EMA, EMA.PR.A, EMA.PR.C, and EMA.PR.E. Additional Information can be accessed at emera.com or at sedar.com.

Emera Inc.
Scott Balfour, 902-428-6179
Executive Vice-President
and Chief Financial Officer
or
Jill Hennigar, CA, 902-428-6486
Manager, Investor Relations

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