IF YOU HELD SHARES OF CH ENERGY FOR THE BENEFIT OF ANOTHER INDIVIDUAL OR ENTITY, PLEASE PROMPTLY TRANSMIT THIS DOCUMENT TO THE BENEFICIAL OWNER.

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1 SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK IN RE CH ENERGY GROUP, INC. SHAREHOLDER LITIGATION THIS DOCUMENT APPLIES TO ALL CASES Index No /2012 NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT OF CLASS ACTION AND SETTLEMENT HEARING TO: ANY AND ALL PERSONS OR ENTITIES WHO HELD SHARES OF CH ENERGY GROUP, INC. COMMON STOCK, EITHER OF RECORD OR BENEFICIALLY, AT ANY TIME BETWEEN AND INCLUDING FEBRUARY 19, 2012 AND JUNE 27, 2013 THIS NOTICE WAS SENT TO YOU BY ORDER OF THE COURT. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS WILL BE AFFECTED BY THE LEGAL PROCEEDINGS IN THIS LAWSUIT. IF THE COURT APPROVES THE PROPOSED SETTLEMENT OF THIS LAWSUIT, YOU WILL BE FOREVER BARRED FROM CONTESTING THE FAIRNESS, REASONABLENESS AND ADEQUACY OF THE PROPOSED SETTLEMENT AND RELATED MATTERS, AND FROM PURSUING THE SETTLED CLAIMS (AS DEFINED BELOW IN SECTION IV) UNLESS YOU ARE ENTITLED TO OPT OUT AND SUBMIT A VALID AND TIMELY REQUEST FOR EXCLUSION. IF YOU HELD SHARES OF CH ENERGY FOR THE BENEFIT OF ANOTHER INDIVIDUAL OR ENTITY, PLEASE PROMPTLY TRANSMIT THIS DOCUMENT TO THE BENEFICIAL OWNER. I. THE PURPOSE OF THIS NOTICE The purpose of this Notice is to inform you of the above-captioned action pending in the Supreme Court of the State of New York, New York County (the Court ), and a proposed settlement (the Settlement ) of the Action (as defined below). This Notice also informs you of the Court s preliminary certification of a Class (as defined below) for purposes of the Settlement, and of your right to participate in a hearing to be held on June 19, 2014 at 12:00 p.m. before the Supreme Court of the State of New York, New York County, 60 Centre Street, Courtroom 228, New York, NY (the Settlement Hearing ) to: (1) determine whether the Class should be permanently certified pursuant to Section 901 of the Civil Practice Law and Rules; (2) determine whether the Settlement should be approved by the Court as fair, reasonable, adequate and in the best interests of the Class; (3) determine whether to enter an Order and Final Judgment pursuant to the Stipulation under applicable law; and (4) consider other matters, including whether the Court should grant Plaintiffs counsel s requested Fee Award (as defined in Section V, below). The Court has determined that, for purposes of the Settlement only, the Action shall be preliminarily maintained as a class action under Article 9 of the New York Civil Practice Law and Rules on behalf of a class consisting of any and all persons or entities who held shares of common stock of CH Energy Group, Inc, ( CH Energy or the Company ), either of record or beneficially, at any time between and including February 19, 2012 (the date the CH Energy Board (defined below) approved the Transaction (defined below)) and June 27, 2013 (the date of the consummation of the Transaction), including any and all of their respective successors-in-interest, predecessors, representatives, trustees, executors, administrators, heirs, assigns, or transferees, immediate and remote, and any person or entity acting for or on behalf of, or claiming under, any of them, and specifically including Plaintiffs, but excluding Defendants, their subsidiary companies, affiliates, assigns, and members of the individual Defendants immediate families, as the case may be (the Class ). The Class shall be a mandatory non-opt-out class; provided, however, that members of the Class who do not have Minimum Contacts with the State of New York (as defined below) may opt out. For purposes of the Settlement, an individual member of the Class will be deemed to have Minimum Contacts with the State of New York if the Class member is domiciled in the State of New York (i.e., is present or resides in New York and has made or intends to make New York his or her permanent home for the near future). An entity will be deemed to have Minimum Contacts with the State of New York if it: (i) is organized under the laws of the State of New York, and/or (ii) does business in New York on a continuous and systematic basis. If you want to opt out and are unsure whether you have Minimum Contacts with the State of New York, you may contact Lead Counsel for Plaintiffs at the address set forth in Section XI of this Notice. If you do not want to opt out, it does not matter whether you have Minimum Contacts with the State of New York for purposes of this Settlement.

2 This Notice describes the rights you may have under the Settlement and what steps you may, but are not required to, take in relation to the Settlement. If the Court approves the Settlement, the parties to the Action will ask the Court to enter an Order and Final Judgment dismissing the Action with prejudice on the merits. * * * * THE FOLLOWING RECITATION DOES NOT CONSTITUTE FINDINGS OF THE COURT. IT IS BASED ON STATEMENTS OF THE PARTIES AND SHOULD NOT BE UNDERSTOOD AS AN EXPRESSION OF ANY OPINION OF THE COURT AS TO THE MERITS OF ANY OF THE CLAIMS OR DEFENSES RAISED BY ANY OF THE PARTIES. II. BACKGROUND OF THE LAWSUIT On February 21, 2012, CH Energy announced that it had entered into an agreement and plan of merger (together with all schedules and exhibits thereto, the Merger Agreement ) dated as of February 20, 2012 by and among CH Energy, Fortis Inc. ( Fortis ), FortisUS Inc., a wholly owned subsidiary of Fortis ( FortisUS ), and Cascade Acquisition Sub, Inc., a wholly owned subsidiary of FortisUS ( Merger Sub ), under which Fortis would acquire CH Energy for cash consideration of $65 per common share of CH Energy payable to the holders thereof, by means of a merger of Merger Sub with and into CH Energy, with CH Energy surviving as a wholly owned subsidiary of FortisUS (the Transaction ). Following that announcement, eight putative class action lawsuits were filed in New York State courts challenging the Transaction: Kahn v. CH Energy (N.Y. Sup. Ct., County of New York, Index No /2012); Vivas v. CH Energy (N.Y. Sup. Ct., County of New York, Index No /2012) (voluntarily discontinued without prejudice on April 23, 2012); Dunn v. Lant (N.Y. Sup. Ct., County of New York, Index No /2012); NECA-IBEW Pension Trust Fund v. CH Energy (N.Y. Sup. Ct., County of New York, Index No /2012); Pasternak v. CH Energy (N.Y. Sup. Ct., County of Dutchess, Index No. 1010/2012); Himmel v. CH Energy (N.Y. Sup. Ct., County of Dutchess, Index No. 1052/2012); Williams v. CH Energy (N.Y. Sup. Ct., County of Dutchess, Index No. 1069/2012); and Cumins v. CH Energy (N.Y. Sup. Ct., County of Dutchess, Index No. 1276/2012). All eight actions were subsequently joined in the Court under the master caption In re CH Energy Group, Inc. Shareholder Litigation, Index No /2012 (together with the actions joined therein, the Action ). On April 2, 2012, CH Energy filed a preliminary proxy statement on Schedule 14A with the United States Securities and Exchange Commission (the Preliminary Proxy ) that stated, among other things, that CH Energy s Board of Directors (the Board ) unanimously approved the Merger Agreement and, further, recommended that CH Energy shareholders approve and adopt the Merger Agreement. On April 9, 2012, Plaintiffs filed an Amended Class Action Complaint in this Court (the Amended Complaint ). The Amended Complaint alleged that the members of the Board breached their fiduciary duties in connection with the Transaction; that Fortis, FortisUS, Merger Sub, and CH Energy aided and abetted the breaches of those fiduciary duties; and that the Preliminary Proxy contained material misstatements and omissions, including omissions with respect to certain financial information relating to the value of the Company, for example the financial projections provided by CH Energy and used by its financial advisor, Lazard Frères & Co. LLC ( Lazard ). The Amended Complaint sought injunctive and other relief with respect to alleged deficiencies in the Preliminary Proxy. On April 19, 2012, the Court entered a Case Management Order setting deadlines for document and deposition discovery and briefing with respect to Plaintiffs anticipated motion for a preliminary injunction, and scheduled a hearing on that anticipated motion for June 8, As a result, Defendants produced over 20,000 pages of documents to Plaintiffs in the Action on an expedited basis. The parties engaged in discussions with respect to Plaintiffs anticipated motion for a preliminary injunction and Plaintiffs demands that further information be disclosed to CH Energy shareholders in the definitive proxy. Counsel to the parties engaged in arm s-length negotiations concerning disclosure of further information to CH Energy shareholders and the terms and conditions of a potential resolution of the Action. On May 9, 2012, the parties reached an agreement-in-principle on the structure of a settlement of the Action, which was embodied in a memorandum of understanding (the MOU ). 2

3 Also on May 9, 2012, CH Energy filed a definitive proxy statement on Schedule 14A with the United States Securities and Exchange Commission (the Final Proxy ), which included supplemental disclosures pursuant to the terms of the MOU. Following the execution of the MOU, Plaintiffs took depositions of Steven V. Lant, the Chairman of the Board and President and Chief Executive Officer of the Company; Jonathan Mir, a representative of Lazard; and Barry Perry, Vice President and Chief Financial Officer of Fortis. On June 13, 2013, Fortis and CH Energy announced that the New York Public Service Commission had voted to approve the Merger Agreement. On June 19, 2013, CH Energy held a special meeting of stockholders at which the Transaction was approved. On June 27, 2013, the Transaction was consummated. Plaintiffs and Plaintiffs counsel believe that the claims asserted by Plaintiffs have merit. However, Plaintiffs agreed to settle the Action based on the benefits provided in the Settlement, thereby avoiding the uncertain outcome, and inherent delays and risks of further litigation and trial. Defendants deny, and continue to deny, that they have committed, or aided and abetted in the commission of, any violation of law or duty or engaged in any wrongful acts whatsoever, and expressly maintain that they diligently and scrupulously complied with any applicable fiduciary, disclosure, and all other legal duties. Defendants specifically deny that any applicable rule, statute, regulation or law required or requires any further supplemental disclosure or any other settlement consideration, but have agreed to the Settlement to avoid further delay and the substantial burden, expense, risk, inconvenience and distraction of continued litigation, and to fully and finally resolve the settled claims. Plaintiffs have determined to enter into the Settlement because it provides for additional disclosure requested by Plaintiffs in the Action related to, among other things, the financial forecasts of CH Energy, including as provided to and considered by Lazard, additional details considered and utilized by Lazard and presented to the Board, information relating to the Board s decisionmaking during the negotiations process, as well as information relating to the impact the Transaction has or will have on the Central Hudson community and ratepayers. Plaintiffs and Plaintiffs counsel took into consideration the strengths and weaknesses of their claims and determined that the terms of the Settlement were fair, reasonable, and adequate, and in the best interests of the Class. III. THE PROPOSED SETTLEMENT In consideration for the full and final settlement and release of all Settled Claims by Plaintiffs and the Class and the dismissal of the Action with prejudice on the merits on the terms provided in the Stipulation, Defendants agreed to include supplemental disclosures in the Final Proxy, substantially in the form of those set forth in Exhibit A to the Stipulation, including, but not limited to: For each of the comparable companies selected by Lazard in its comparable companies analysis: (a) the share price to 2012 and 2013 estimated earnings per share ( EPS ) multiples; and (b) the enterprise value to 2012 and 2013 estimated earnings before interest, taxes, depreciation and amortization ( EBITDA ) multiples. This disclosure can be found at page 35 of the Final Proxy. The implied CH Energy share value for the share price to 2012 and 2013 estimated EPS multiple ranges utilized by Lazard in its selected comparable companies analysis. This disclosure can be found at page 36 of the Final Proxy. The implied CH Energy share value for the enterprise value to 2012 and 2013 estimated EBITDA multiple ranges utilized by Lazard in its selected comparable companies analysis. This disclosure can be found at page 36 of the Final Proxy. Detail concerning the underlying data utilized by Lazard in its discounted cash flow analysis. This disclosure can be found at page 38 of the Final Proxy. 3

4 Detail concerning the inputs and assumptions used by Lazard to derive the range of discount rates applied to the Company s three segments Central Hudson Gas & Electric, Griffith and Corporate and Other in its sum-of-theparts discounted cash flow analysis. This disclosure can be found at page 39 of the Final Proxy. An explanation of how Lazard calculated terminal value in its sum-of-the-parts discounted cash flow analysis. This disclosure can be found at page 39 of the Final Proxy. The specific companies Lazard viewed as reasonably comparable to Central Hudson Gas & Electric and utilized in its sum-of-the-parts discounted cash flow analysis. This disclosure can be found at page 39 of the Final Proxy. The equity purchase price and transaction value associated with each of the precedent transactions utilized by Lazard in its selected precedent transactions multiples analysis. This disclosure can be found at page 40 of the Final Proxy. The implied CH Energy share values for the 2012 estimated EPS, 2013 estimated EPS, 2012 estimated EBITDA and 2013 estimated EBITDA multiple ranges utilized by Lazard in its selected precedent transactions multiples analysis. This disclosure can be found on page 41 of the Final Proxy. A description of certain ratepayer and community benefits CH Energy and Fortis offered in their application for approval by the New York Public Service Commission filed on April 20, This disclosure can be found at page 55 of the Final Proxy. A complete list of the supplemental disclosures can be found as Exhibit A to the Stipulation filed with the Court, which is available at: The supplemental disclosures in the Final Proxy are also available at: IV. RELEASE AND DISMISSAL OF CLAIMS ORDER AND FINAL JUDGMENT At the Settlement Hearing, the parties will jointly ask the Court to enter an Order and Final Judgment that will, among other things: (a) approve the Settlement pursuant to Article 9 of the New York Civil Practice Law and Rules; (b) authorize and direct performance of the Settlement in accordance with its terms and conditions and reserve jurisdiction to supervise the consummation of the Settlement; (c) certify the Class pursuant to Article 9 of the New York Civil Practice Law and Rules; (d) release and permanently enjoin any and all manner of claims, demands, rights, actions, causes of action, liabilities, damages, losses, obligations, judgments, duties, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, covenants, controversies, extents, executions, attorneys fees and expenses (excluding the Fee Award (defined below)), costs, expenses, matters and issues, in law, admiralty or equity, whether known or unknown, asserted or unasserted, contingent or absolute, suspected or unsuspected, disclosed or undisclosed, liquidated or unliquidated, matured or unmatured, accrued or unaccrued, apparent or unapparent, including Unknown Claims (as defined below), whether based on acts or omissions, that have been, could have been, or in the future can or might be asserted in any court, tribunal or proceeding (including, but not limited to, any claims arising under federal, state, foreign, local, statutory and/or common law and/or any other law, rule or regulation, including, without limitation, the federal securities laws and any state disclosure law (including claims under the federal securities laws within the exclusive jurisdiction of the federal courts)), by or on behalf of Plaintiffs or any member of the Class, whether individual, direct, class, derivative, representative, legal, equitable, or any other type or in any other capacity (collectively, the Releasing Persons ) against CH Energy, Fortis, FortisUS, Merger Sub, Steven V. Lant, Margarita K. Dilley, Steven M. Fetter, Stanley J. Grubel, Manuel J. Iraola, E. Michel Kruse, Edward T. Tokar, Jeffrey D. Tranen, Ernest R. Verebelyi, and each of their respective past, present or future families, parent entities, controlling persons, associates, predecessors, successors, affiliates or subsidiaries, and each and all of their respective past, present or future officers, directors, shareholders, stockholders, principals, representatives, employees, 4

5 attorneys, financial or investment advisors, consultants, accountants, investment bankers, commercial bankers, entities providing fairness opinions, underwriters, brokers, dealers, advisors or agents, heirs, executors, trustees, general or limited partners or partnerships, limited liability companies, members, managers, joint ventures, personal or legal representatives, attorneys, lenders, accountants, insurers, estates, administrators, predecessors, successors and assigns (collectively, the Released Persons ) which have arisen, could have arisen, arise now or hereafter may arise out of, are based upon, are in connection with and/or relate in any manner, thing or cause whatsoever to the acts, events, facts, matters, transactions, occurrences, statements, representations, misrepresentations or omissions or any other matter whatsoever set forth in or otherwise related, directly or indirectly, to: (i) the allegations that were asserted or could have been asserted in the Action; (ii) the Proposed Transaction or any deliberations or negotiations in connection therewith or in connection with any other strategic alternative or alternative transaction; (iii) the consideration to be provided in the Proposed Transaction; (iv) the Merger Agreement (and the transactions and governance arrangements and employment arrangements contemplated therein or in connection therewith and/or any amendments or revisions thereto); (v) any fiduciary obligations of the Released Persons in connection with the Transaction, the Merger Agreement or any alternatives thereto; (vi) other than as provided in the Stipulation, the fees, expenses, or costs incurred in prosecuting, defending, or settling the Action; or (vii) any disclosures or alleged omissions made in connection with the Transaction, including any disclosures in or claimed omissions from the Preliminary Proxy or the Final Proxy (and/or any amendments or revisions thereto) (collectively, the Settled Claims ); provided, however, that the Settled Claims shall not include any claims to enforce the Stipulation or the Settlement; release and permanently enjoin any and all manner of claims including Unknown Claims (defined below), that the Released Persons ever had, now have, or may have, whether direct, derivative, individual, class, representative, legal, equitable or of any other type, or in any other capacity, against Plaintiffs, each and all members of the Class, and Plaintiffs counsel arising out of, relating to, or in connection with, the institution, prosecution, assertion, settlement or resolution of the Action or the Settled Claims; provided, however, that the Released Persons shall retain the right to enforce the terms of the Stipulation or the Settlement; and (e) dismiss the Action with prejudice on the merits and permanently bar and enjoin the institution and prosecution by Plaintiffs, or any other member of the Class of any action against any Released Person in any court asserting any Settled Claim. The releases contemplated by the Settlement extend to any claim that a person or entity granting a release does not know or suspect exists in his, her or its favor at the time of the release of the Settled Claims as against the Released Persons, including, without limitation, those which, if known, might have affected the decision to enter into the Settlement ( Unknown Claims ). Plaintiffs, each member of the Class, and the Defendants shall be deemed to have, and by operation of the Order and Final Judgment shall have, expressly waived, relinquished and released any and all provisions, rights and benefits conferred by or under Cal. Civ. Code 1542 or any law of the United States or any state or territory of the United States, or principle of common law, which is similar, comparable or equivalent to Cal. Civ. Code 1542, which provides: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. Plaintiffs, for themselves and on behalf of the Class, and Defendants by operation of law shall be deemed to have acknowledged that they may discover facts in addition to or different from those that they now know or believe to be true with respect to the subject matter of the releases herein, but that it is their intention, as Plaintiffs and on behalf of the Class and Defendants, to fully, finally and forever settle and release any and all claims released hereby known or unknown, suspected or unsuspected, that now exist, or heretofore existed, or may hereafter exist, and without regard to the subsequent discovery or existence of such additional or different facts. Plaintiffs and Defendants shall acknowledge, and the other members of the Class by operation of law shall be deemed to have acknowledged, that the inclusion of Unknown Claims in the definition of Settled Claims was separately bargained for and was a key element of the Settlement and was relied upon by each and all of the Defendants in entering into the Stipulation All Released Parties who are not parties to the Stipulation are intended third-party beneficiaries entitled to enforce the terms of the releases set forth therein. 5

6 V. PLAINTIFFS COUNSEL S ATTORNEYS FEES AND EXPENSES Plaintiffs intend to apply for an award of attorneys fees, costs and/or expenses of up to $495,000 (the Fee Award ), and Defendants have agreed that they will not object to a Fee Award up to $495,000. The Company, on behalf of Defendants, will pay a Fee Award up to not in excess of $495,000. Defendants shall not be responsible for, and Plaintiffs and Plaintiffs counsel waive any right to collect upon, any Fee Award in excess of $495,000. The parties agree that any agreement or approval of an award of attorneys fees and expenses to Plaintiffs counsel shall not be a condition to Final Approval of the Settlement (as defined in the Stipulation) and that the Fee Award may be considered separately from the proposed Settlement of the Action. Any failure of the Court to approve a request for attorneys fees in whole or in part shall have no effect on the Settlement VI. Plaintiffs counsel will file their papers in support of the Settlement and the Fee Award with the Court by May 20, THE SETTLEMENT HEARING The Court has scheduled the Settlement Hearing to be held on June 19, 2014, at 12:00 p.m. before the Supreme Court of the State of New York, New York County, 60 Centre Street, Courtroom 228, New York, NY The Court may adjourn and reconvene the Settlement Hearing or any part thereof, without further notice to members of the Class other than oral announcement at the Settlement Hearing or any adjournment thereof. The Court may also approve the Settlement, according to the terms and conditions of the Stipulation, as it may be modified by the parties thereto, with or without further notice to members of the Class. Further, the Court may render its final judgment dismissing the Action and the Settled Claims with prejudice, approving releases by Plaintiffs and the Class of claims against the Released Persons, and ordering the payment of attorneys fees, costs and expenses, all without further notice. VII. YOUR RIGHT TO APPEAR AND OBJECT Any member of the Class who objects to the Settlement, the Order and Final Judgment to be entered in the Action, and/or the Fee Award, or who otherwise wishes to be heard, may appear in person or by his, her or its attorney at the Settlement Hearing and present evidence or argument that may be proper and relevant. However, except for good cause shown, no person other than Plaintiffs counsel and Defendants counsel shall be heard, and no papers, briefs, pleadings or other documents submitted by any person shall be considered by the Court unless not later than June 5, 2014 such person files with the Court and serves upon counsel listed below: (a) a written notice of intention to appear; (b) proof of membership in the Class; (c) a written statement of objections to any matter(s) before the Court; (d) the grounds therefor or the reasons for wanting to appear and be heard; and (e) copies of any papers, briefs or other documents or writings the Court shall be asked to consider. Such filings shall be mailed or hand delivered to each of the following: Mark S. Reich ROBBINS GELLER RUDMAN & DOWD LLP 58 South Service Road, Suite 200 Melville, NY (631) Lead Counsel for Plaintiffs Jonathan Stein SAXENA WHITE 2424 North Federal Highway Suite 257 Boca Raton, FL (561) Liaison Counsel for Plaintiffs Rachelle Silverberg Lindsey M. Weiss WACHTELL, LIPTON, ROSEN & KATZ 51 West 52nd St. New York, NY (212) Counsel for Defendants CH Energy Group, Inc., Steven V. Lant, Margarita K. Dilley, Steven M. Fetter, Stanley J. Grubel, Manuel J. Iraola, E. Michel Kruse, Edward T. Tokar, Jeffrey D. Tranen, and Ernest R. Verebelyi Glenn M. Kurtz Robert Tiedemann WHITE & CASE LLP 1155 Avenue of the Americas New York, NY (212) Counsel for Defendants Fortis Inc., FortisUS Inc., and Cascade Acquisition Sub, Inc. 6

7 You should be aware that the Court may change the date and time of the Settlement Hearing. Thus, if you want to come to the hearing, you should check with Lead Counsel to Plaintiffs before coming to Court to be sure that the date and/or time has not changed. Any person who fails to object in the manner described above shall be deemed to have waived the right to object (including any right of appeal) and shall forever be barred from raising such objection in this or any other action or proceeding. Class members who do not object need not appear at the Settlement Hearing or take any other action to indicate their approval. VIII. RIGHT TO REQUEST EXCLUSION FROM THE CLASS Members of the Class who do not have Minimum Contacts with the State of New York (as defined above) have the right to seek exclusion from the Class. A request for exclusion must be in writing and: (i) set forth the name and all home addresses (for individuals) and business address(es), including any New York business addresses (for entities) of the person or entity requesting exclusion; (ii) state that such person or entity requests exclusion from the Settlement; (iii) represent that such person or entity does not have Minimum Contacts with the State of New York as defined herein; (iv) state the number of shares of CH Energy stock held as of February 19, 2012 and the number of shares of CH Energy stock purchased, acquired or sold at any time during the period from February 19, 2012 to June 27, 2013 and the dates of such transactions; (v) state the name(s) in which such CH Energy common stock is registered; and (vi) be signed and dated by such person or representative of such entity. A request for exclusion shall not be effective unless it is sent by first class mail, postmarked no later than May 30, 2014 to the following address: CH Energy Group, Inc. Settlement EXCLUSIONS c/o GCG PO Box Dublin, OH Each member of the Class shall be bound by all determinations and judgments in this lawsuit, including any releases provided for in the Order and Final Judgment, unless such person sends a valid and timely Request for Exclusion as set forth herein, including potential jurisdictional discovery, for resolution of any contested Requests for Exclusion. If any Requests for Exclusion are received, and are disputed by any Defendant, the Court shall hold a conference for determining a schedule and procedure, including potentially jurisdictional discovery, for resolution of any contested Request for Exclusion. IX. NOTICE TO PERSONS OR OTHER NOMINEES HOLDING STOCK FOR THE BENEFIT OF OTHERS The Court has ordered that record holders of CH Energy common stock included in the Class send this Notice to all beneficial owners on behalf of whom they hold such stock within seven (7) days after receipt of this Notice or send a list of the names and addresses of such beneficial owners to the Notice Administrator within seven (7) days after receipt of this Notice. Send such lists of names and addresses and any requests for additional copies of this Notice to provide to beneficial owners to The Garden City Group, Inc. at the following address: CH Energy Group, Inc. Settlement c/o GCG PO Box Dublin, OH You may also obtain reimbursement of your reasonable and actual out-of-pocket disbursements that would not have been made but for this request by submitting an itemized statement to The Garden City Group, Inc. at the above address. X. SUBMISSION TO JURISDICTION OF COURT Plaintiffs, Defendants, and each and every member of the Class submits to the jurisdiction of the Court for the purposes of the Settlement and shall be bound by the terms of the Settlement, including, without limitation, the Release and the terms of the Order and Final Judgment. Any and all disputes related to the Action or the Settlement shall be submitted to the Court for final resolution. 7

8 XI. SCOPE OF THIS NOTICE This Notice is not all-inclusive. The references in this Notice to the pleadings in the Action, the Stipulation, and all other papers or proceedings herein are only summaries and do not purport to be comprehensive. For the full details of the Action, the claims that have been asserted in the Action and the terms and conditions of the Settlement, including a complete copy of the Stipulation and related orders and proposed forms of orders, you are referred to the Court files for the Action. You or your attorney may examine the public Court files during regular business hours of the Clerk of the Court, New York County Supreme Court, Commercial Division, 60 Centre Street, New York, New York Questions or comments may be directed to Lead Counsel for Plaintiffs: Mark S. Reich, Robbins Geller Rudman & Dowd LLP, 58 South Service Road, Suite 200, Melville, New York 11747, (631) PLEASE DO NOT CONTACT THE COURT DIRECTLY. Dated: February 21, 2014 DISTRIBUTED BY ORDER OF THE NEW YORK COUNTY SUPREME COURT, COMMERCIAL DIVISION 8