Emera approves quarterly dividend

    TSX: EMA

    HALIFAX, July 8 /CNW/ - On July 8, 2008 the Board of Directors of
Emera Inc. approved a quarterly dividend of $0.2375 per common share. The
dividend is payable on and after August 15, 2008 to common shareholders of
record at the close of business on August 1, 2008.
    Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Emera Inc. hereby notifies its common shareholders that such
dividend declared qualifies as an eligible dividend.

    About Emera

    Emera Inc. (EMA-TSX) is an energy and services company with $4.2 billion
in assets. Electricity is Emera's core business. The company has two
wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc.
and Bangor Hydro-Electric Company, which together serve 600,000 customers.
Emera also owns 19% of St. Lucia Electricity Services Limited, which serves
more than 50,000 customers on the Caribbean island of St. Lucia. In addition
to its electric utility investments, Emera has a joint venture interest in
Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern
Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and
Emera Energy Services which manages energy assets on behalf of third parties.
Visit Emera on the web at www.emera.com.

For further information:

For further information: Nancy Tower, Chief Financial Officer, (902)
428-6991; Jennifer Nicholson, Director Investor Relations and Strategy
Development, (902) 428-6347

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Emera Inc.

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