AltaLink Announces Complete Internal Reorganization

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NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY RESULT IN VIOLATIONS OF US SECURITIES LAWS

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CALGARY, Alberta – AltaLink Ltd. (“AltaLink”) announces that AltaLink, LP (“ALP”) and certain related entities (collectively, the “AltaLink Entities”) have completed a previously announced internal reorganization (the “Internal Reorganization”). As a result, AltaLink (operating through the manager AltaLink Management Ltd.) has become a transmission utility organized as the successor of ALP and certain AltaLink Entities, and holds, directly or indirectly, all assets and liabilities previously held by ALP.

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In addition, AltaLink has been the successor obligor on all previously issued and outstanding debt securities issued by ALP (collectively, the “Bonds”). In connection with AltaLink has become the successor reporting issuer for ALP. Going forward, AltaLink will continue the continuous disclosure obligations previously met by ALP through public postings on SEDAR+.

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Bondholders, together with other interested parties, are directed to the SEDAR+ profiles of each of AltaLink and ALP at www.sedarplus.ca and AltaLink’s website at www.altalink.ca for additional information regarding the Internal Reorganization.

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About AltaLink Ltd.

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Headquartered in Calgary, with offices in Edmonton, Red Deer and Lethbridge, AltaLink is Alberta’s largest electricity transmission provider, with approximately 13,400 kilometers of transmission lines and more than 310 substations. AltaLink works with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable energy.

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This news release does not constitute an offer to sell or the solicitation of an offer to buy AltaLink securities in any jurisdiction, including but not limited to the United States. AltaLink’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the US Securities Act and applicable state securities laws.

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Except for the historical and current factual information contained herein, the matters mentioned in this news release, including the words such as “expect”, “will”, “project”, “plan”, “anticipate”, and similar expressions, are forward-looking information that reflect the management’s internal projections, expectations or beliefs of AltaLink. The forecasts, estimates and beliefs contained in such forward-looking statements involve known and unknown risks and uncertainties, which could cause AltaLink’s future performance and financial results to differ materially from the projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, those described in AltaLink’s filings with Canadian securities authorities. Accordingly, holders of AltaLink securities and potential investors are cautioned that events or circumstances may cause results to differ from those anticipated. AltaLink disclaims any responsibility to update these forward-looking statements.

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See the source version on businesswire.com:

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https://www.businesswire.com/news/home/20261001752810/en/

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For more information contact:

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Investor Relations

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Paul Zimba

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Vice President, Treasury and Planning

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Telephone:

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Email:

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Media Relations

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Scott Schreiner

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Vice President, External Engagement

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Telephone:

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Email:

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scott.schreiner@altalink.ca

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