CU.PR.F Canadian Utilities Limited

Canadian Utilities Limited announced today that its Board of Directors has
approved a two-for-one share split of the outstanding Class A non-voting shares
and Class B common shares. The two-for-one share split will take the form of a
share dividend whereby share owners will receive one Class A share for each
Class A share held and one Class B share for each Class B share held. 


The record date will be June 13, 2013 and the payment date will be June 14,
2013. Ex-distribution trading in the shares on a split-adjusted basis will
commence on June 17, 2013.


The Toronto Stock Exchange has determined to implement due bill trading in
connection with the share split. A due bill is an entitlement attached to listed
securities undergoing a material corporate action, such as a share split. In
this instance, the entitlement is to the share dividend. The Class A shares and
Class B shares will trade on a due bill basis from June 11, 2013 to June 14,
2013 inclusive. Any trades that are executed during this period will be flagged
to ensure purchasers receive the entitlement to the share dividend. The due bill
redemption date will be June 19, 2013.


Share owners do not need to take any action. Share certificates representing the
additional Class A shares and Class B shares will be mailed to registered share
owners after June 14, 2013. Existing share certificates should be retained by
the share owners and should not be sent to Canadian Utilities Limited or its
transfer agent, CIBC Mellon Trust Company. Share owners with Class A shares and
Class B shares held through a brokerage account will have their accounts
automatically updated to reflect the share split.


No income tax will be payable by Canadian residents in respect of the share
splits, and the share splits will not dilute share owners' equity. All share and
per share data for future periods will reflect the share splits.


Canadian Utilities Limited is undertaking the share splits to make the Class A
shares and Class B shares more readily accessible to individual share owners,
increase and broaden Canadian Utilities Limited's share owner base, and improve
the liquidity of the market for the shares. 


Further information regarding the share split can be found in the Investors
Section of the Canadian Utilities Limited website at
http://www.canadianutilities.com/Investors/Stock-Information/Dividends-and-Stock-Split


Canadian Utilities Limited, an ATCO company, with more than 7,100 employees and
assets of approximately $14 billion, delivers service excellence and innovative
business solutions worldwide with leading companies engaged in utilities
(pipelines, natural gas and electricity transmission and distribution), energy
(power generation, natural gas gathering, processing, storage and liquids
extraction) and technologies (business systems solutions). More information can
be found at www.canadianutilities.com.


Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "anticipate", "plan", "expect", "may", "will",
"intend", "should", and similar expressions. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
statements. The Corporation believes that the expectations reflected in the
forward-looking statements are reasonable, but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.


The Corporation's actual results could differ materially from those anticipated
in these forward-looking statements as a result of regulatory decisions,
competitive factors in the industries in which the Corporation operates,
prevailing economic conditions, and other factors, many of which are beyond the
control of the Corporation.  


The forward-looking statements contained in this news release represent the
Corporation's expectations as of the date hereof, and are subject to change
after such date. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable securities
regulations.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Utilities Limited
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer
(403) 292-7502

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