South Jersey Industries, Inc. Announces Expiration and Final Results of Cash Tender Offer

FOLSOM, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) --                                                                                                  Media Contact: Krystle Straus
609-561-9000 ext. 4131

                [e-mail]

FOR IMMEDIATE RELEASE

South Jersey Industries, Inc. Announces Expiration and Final Results of Cash Tender Offer

FOLSOM, N.J., November 4, 2024 /PR Newswire/ – South Jersey Industries, Inc. (“SJI” or the “Company”) today announced the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding 5.625% Junior Subordinated Notes due 2079 (the “Notes”) from each registered holder of the Notes (each, a “Holder,” and collectively, the “Holders”) subject to the terms specified in the Offer to Purchase dated October 17, 2024 (as amended, the “Offer to Purchase”) and the related notice of guaranteed delivery (as amended, and together with the Offer to Purchase, the “Offer Documents”). The Withdrawal Deadline elapsed at 5:00 p.m., New York City time, on October 30, 2024. Capitalized terms used but not defined herein have meanings ascribed to them in the Offer to Purchase.

The principal amount of the Notes that were validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on November 4, 2024 (the “Expiration Time”) is set forth in the table below.

Title of Security	CUSIP / ISIN	Aggregate Principal Amount of Notes Outstanding(1)		Principal Amount of Notes Tendered(2)		Percentage of Principal Amount of Notes Tendered(2)
5.625% Junior Subordinated Notes due 2079	838518207 / US8385182071	$	200,000,000	$	95,490,150	47.75	%

      (1)   Only Notes tendered in principal unit amounts equal to minimum denominations of $25.00 and integral multiples of $25.00 will be accepted. 8,000,000 units are currently held by DTC.