Husky Energy Inc. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s cash flow from operations was up approximately 8% at CAD 1.3 billion, or CAD 1.30 per diluted share, compared with approximately CAD 1.2 billion, or CAD 1.20 per diluted share in 2012. Net earnings were CAD 535 million, or CAD 0.54 per diluted share, compared to CAD 591 million, or CAD 0.60 per diluted share in the first quarter of 2012, reflecting lower crude prices. Adjusted net earnings were CAD 547 million, or CAD 0.56 per basic and diluted share, compared to CAD 487 million, or CAD 0.58 per diluted share in the first quarter of 2012. The company reported production results for the first quarter ended March 31, 2013. For the quarter, the company’s total upstream production was 321,000 boe day, up from 320,000 boe per day in the first quarter of 2012, with production weighted 72% towards oil and liquids compared to 69% in the first quarter of 2012, reflected increased heavy oil production, offset by a planned reduction in dry gas production and reduced volumes from the partner-operated Terra Nova facility, which has returned to production following its 2012 turnaround. The company’s board of directors has declared a quarterly dividend of CAD 0.30 per share on its common shares for the three month period ending March 31, 2013. The dividend will be payable on July 2, 2013 to shareholders of record at the close of business on May 30, 2013. A regular quarterly dividend on the 4.45% Cumulative Redeemable Preferred Shares, Series 1 will be paid for the period April 1, 2013 to June 30, 2013. The dividend of CAD 0.27813 per Series 1 Preferred Share will be payable on July 2, 2013 to holders of record at the close of business on May 30, 2013.

Husky Energy Inc. announced at its AGM held on May 07, 2013, approved the election of proposed nominees for its Board of Directors namely Stanley T.L. Kwok, Frederick S-H Ma, Victor T.K. Li and Canning K.N. Fok.

Annual Meeting of the Shareholders