DELAYED OPENING OF TRADING IN ASCENDANT GROUP LIMITED.,

Hamilton, Bermuda – 16 October 2020 – Ascendant Group Limited’s (the "Ascendant Group" or “Company”; Ticker: AGL.BH) Delayed Opening of Trading.

The Ascendant Group Limited’s  (the "Ascendant Group" or “Company”; Ticker: AGL.BH) announced today that they have “welcomed the approvals of the Regulatory Authority (“RA”) and Minister of Finance as necessary steps in completing the sale of Ascendant to Algonquin Power & Utilities Corp. (“Algonquin”) (the “Sale”).”

Accordingly, the BSX will delayopening of trading in Ascendant Group Limited’s shares until 12 noon Bermuda time on Monday 19 October 2020; to allow shareholders the necessary time to absorb the announcement.

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For more information on the Bermuda Stock Exchange (BSX), contact Nancy Vieira at 1-441-292-7212 or nvieira@bsx.com. Information is also available at www.bsx.com and on Bloomberg at BSX <GO> the BSX was founded in 1971 and is the world’s leading fully electronic offshore securities market. The BSX list equities, mutual funds and bonds, depository receipts and derivative warrant securities. The BSX is a full member of the World Federation of Exchanges (WFE) and an affiliate member of IOSCO. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules.