Emera Approves Quarterly Dividend

On January 9, 2015 the Board of Directors of Emera Inc. (TSX: EMA, EMA.PR.A, EMA.PR.C, EMA.PR.E, and EMA.PR.F) approved a quarterly dividend of $0.3875 per common share payable on and after February 17, 2015, to common shareholders of record at the close of business on February 3, 2015; a quarterly dividend of $0.2750 per Series A First Preferred Share payable on and after February 17, 2015, to Series A First Preferred shareholders of record at the close of business on February 3, 2015; a quarterly dividend of $0.25625 per Series C First Preferred Share payable on and after February 17, 2015, to Series C First Preferred shareholders of record at the close of business on February 3, 2015; a quarterly dividend of $0.28125 per Series E First Preferred Share payable on and after February 17, 2015, to Series E First Preferred shareholders of record at the close of business on February 3, 2015; and a quarterly dividend of $0.265625 per Series F First Preferred Share payable on and after February 17, 2015, to Series F First Preferred shareholders of record at the close of business on February 3, 2015.

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; its Series E First Preferred shareholders; and its Series F First Preferred shareholders that such dividends declared qualify as eligible dividends.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with $9.41 billion in assets and 2013 revenues of $2.2 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 investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses. 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, EMA.PR.E, and EMA.PR.F. Additional Information can be accessed at www.emera.com or at www.sedar.com.