Husky Energy announces that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is less than the one million shares required to give effect to conversion into Cumulative Redeemable Preferred Shares, Series 4 (Series 4 Shares).

As a result, none of the Series 3 Shares will be converted into Series 4 Shares on December 31, 2019.

Investor and Media Inquiries:                          Leo Villegas, Senior Manager, Investor Relations403-513-7817

Kim Guttormson, Media & Issues Specialist403-298-7088