Emera Inc. (TSX:EMA) today announced that its Board of Directors has approved a 19% increase in its annual common dividend to $1.90 per common share from $1.60. Emera also increased its annual dividend growth target to 8% per year through 2019 from 6%.

The first quarterly declared dividend of $0.475 per common share is payable on and after November 16, 2015 to common shareholders of record at the close of business on November 2, 2015.

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

About Emera Inc.

Emera Inc. is geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $10 billion in assets and 2014 revenues of $2.97 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 under the symbols 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.

Emera Inc.Scott LaFleur, 902-428-6375Acting Manager, Investor Relations

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