SOUTH JERSEY INDUSTRIES, INC. ANNOUNCES PROPOSED COMMON STOCK AND EQUITY UNITS OFFERINGS - Seite 3

BofA Securities is acting as lead book-running manager for the Common Stock offering and sole book-running manager for the Equity Units offering and as the representative of the underwriters for both offerings.

Both offerings are being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the “SEC”).  A preliminary prospectus supplement related to the offering of the Common Stock and a preliminary prospectus supplement related to the offering of the Equity Units will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov.  Copies of the preliminary prospectus supplements and the accompanying prospectus relating to the Common Stock and Equity Units offerings may be obtained from BofA Securities at NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC  28255-0001, Attention: Prospectus Department or by emailing to [e-mail].

The Common Stock offering is not contingent on the Equity Units offering, and the Equity Units offering is not contingent on the Common Stock offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any state or jurisdiction in which it is unlawful to make an offer, solicitation or sale.

About South Jersey Industries, Inc.
SJI (NYSE: SJI), an energy services holding company based in Folsom, NJ, delivers energy services to its customers through three primary subsidiaries. SJI Utilities, SJI’s regulated natural gas utility business, delivers safe, reliable, affordable natural gas to approximately 700,000 South Jersey Gas and Elizabethtown Gas customers in New Jersey. SJI’s non-utility businesses within South Jersey Energy Solutions promote efficiency, clean technology and renewable energy by providing customized wholesale commodity marketing and fuel management services; and developing, owning and operating on-site energy production facilities. SJI Midstream houses the Company’s interest in the PennEast Pipeline Project. Visit sjindustries.com for more information about SJI and its subsidiaries.

Cautionary Note Regarding Forward-Looking Statements

This news release, including information incorporated by reference, contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding guidance, industry prospects or future results of operations or financial position, expected sources of incremental margin, strategy, financing needs, future capital expenditures and the outcome or effect of ongoing litigation, are forward-looking. Other forward-looking statements include words such as "anticipate," "believe," "expect," "estimate," "forecast," "goal," "intend," "objective," "plan," "project," "seek," "strategy," "target," "will" and similar expressions to identify forward-looking statements. These forward-looking statements are based on the beliefs and assumptions of management at the time that these statements were prepared and are inherently uncertain. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, the suspensions of shut offs of service for non-payment by New Jersey utility customers that will be in place through at least June 30, 2021 based on an executive order issued by the Governor of New Jersey and the other risks set forth under the heading “Item 1A. Risk Factors” in SJI’s and SJG's Annual Report on Form 10-K for the year ended December 31, 2020 and in any other reports that we file with the SEC from time to time. These cautionary statements should not be construed by you to be exhaustive and they are made only as of the date of this news release. While the Company believes these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. Further, SJI and SJG undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.