CPX Capital Power Corporation

The Board of Directors for Capital Power Corporation (“Capital Power”) (TSX: CPX) declared a dividend of $0.615 per share on the outstanding common shares for the quarter ending June 30, 2024. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares	TSX Stock Symbol	Dividend Per Share		Record Date	Payment Date
Series 1	CPX.PR.A	$0.1638125		June 17, 2024	June 28, 2024
Series 3	CPX.PR.C	$0.4287500		June 17, 2024	June 28, 2024
Series 5	CPX.PR.E	$0.4144375		June 17, 2024	June 28, 2024
Series 11	CPX.PR.K	$0.359375		June 17, 2024	June 28, 2024

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

Territorial AcknowledgementIn the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

About Capital Power

Capital Power is a growth-oriented power producer committed to net zero by 2045, with approximately 9,300 MW of power generation at 32 facilities across North America.

We prioritize delivering reliable, affordable and decarbonized power that communities can depend on, building decarbonized power systems needed for tomorrow, and creating real net zero solutions for customers. We are powering change by changing power.

For more information, please contact:

Media Relations:	Investor Relations:
Katherine Perron	Roy Arthur
(780) 392-5335	(403) 736-3315
kperron@capitalpower.com	investor@capitalpower.com