Sempra Energy’s Common Stock Now Listed on Mexican Stock Exchange

SAN DIEGO, May 28, 2021 - Today, Sempra Energy (NYSE: SRE) (BMV: SRE) announced that its common stock is now listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V. - 'BMV'). Sempra Energy's stock will also continue to trade on the New York Stock Exchange.

'We have been operating in Mexico for more than 20 years and are excited to extend that long-standing history with Sempra now trading on the BMV,' said Tania Ortiz, CEO of IEnova. 'This further demonstrates our commitment to investing in Mexico's future through critical energy infrastructure.'

Earlier this week, Sempra Energy announced the expiration and final results of its exchange offer to acquire the outstanding shares of IEnova (Infraestructura Energética Nova, S.A.B de C.V.) not already owned by Sempra Energy. The exchange offer expired on May 24, 2021, and Sempra Energy's ownership interest in IEnova is now 96.4%.

'Sempra's participation in the BMV demonstrates trust in Mexico's future and our economy's recovery. It is, without a doubt, a positive sign for those looking to invest in the energy sector,' Carlos Salazar, president of the Business Coordination Council.

'The listing of Sempra Energy in the BMV broadens investors' access to the energy sector in the Mexican capital market,' said José-Oriol Bosch Par, CEO of the Mexican Stock Exchange. 'We celebrate that world-class companies place trust in our market. With more than $40 billion in market capitalization, Sempra's listing in the BMV offers Mexicans the opportunity to invest in one of North America's premier energy infrastructure companies.'

Driving Sustainable Value

Sempra Energy is focused on driving sustainable value through capital investments in transmission and distribution infrastructure strategically located in attractive North American markets and backed by stable, long-term cash flows. The company owns one of the largest energy networks in North America serving some of the world's leading economies - California, Texas and Mexico - as well as the liquefied natural gas (LNG) export market.

Sempra Energy has a solid track record of delivering strong financial results and is focused on generating value for shareholders by delivering sustainable dividend growth. The company has consistently increased its common stock dividend for the past 11 years, with a 10-year compound annual growth rate of approximately 9%. Additionally, as of May 25, 2021, Sempra Energy has delivered total shareholder return of 255% over a 10-year period, exceeding the return of the S&P 500 Utilities Index during the same time period.

About Sempra Energy

Sempra Energy's mission is to be North America's premier energy infrastructure company. The Sempra Energy family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion (USD) in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each of the markets it serves. Sempra Energy is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety, workforce development and training, and diversity and inclusion. Sempra Energy is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the 'World's Most Admired Companies' for 2021 by Fortune Magazine. For additional information about Sempra Energy, please visit Sempra Energy's website at www.sempra.com and on Twitter @SempraEnergy.

About IEnova

IEnova develops, builds and operates energy infrastructure in Mexico. As of the end of 2020, the company has more than 1,400 employees and approximately $10.5 billion (USD) in total assets, making it one of the largest private energy companies in the country. IEnova was the first energy infrastructure company to be listed on the Mexican Stock Exchange.

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

In this press release, forward-looking statements can be identified by words such as 'believes,' 'expects,' 'anticipates,' 'plans,' 'estimates,' 'projects,' 'forecasts,' 'should,' 'could,' 'would,' 'will,' 'confident,' 'may,' 'can,' 'potential,' 'possible,' 'proposed,' 'in process,' 'under construction,' 'in development,' 'target,' 'outlook,' 'maintain,' 'continue,' or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and major acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; the impact of the COVID-19 pandemic on our capital projects, regulatory approval processes, supply chain, liquidity and execution of operations; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California, and the impact of volatility of oil prices on our businesses and development projects; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, computer system outages and other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires and subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, limitations on the withdrawal of natural gas from storage facilities, and equipment failures; cybersecurity threats to the energy grid, the storage and pipeline infrastructure, the information and systems used to operate our businesses, and the confidentiality of our proprietary information and the personal information of our customers and employees; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.

These risks and uncertainties are further discussed in the reports that Sempra Energy has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra Energy's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.
Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

Linda Pazin, Sempra Energy, (877) 340-8875, [email protected]; Financial Contact, Lindsay Gartner, Sempra Energy, (877) 736-7727, [email protected]

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