News Release

August 2, 2022

DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating of Elexicon Corporation (Elexicon or the Company) at “A” with a Stable trend.

Elexicon was formed on April 1, 2019, through the amalgamation of Veridian Corporation and Whitby Hydro Energy Corporation. Elexicon’s rating continues to be supported by its stable regulated operations and reasonable fnancial profile.