SaskEnergy First Quarter Report - June 30, 2023

Condensed Consolidated Financial Statements (unaudited)

1 5 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 1 6 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 1 7 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 18 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

19 GENERAL INFORMATION 19 BASIS OF PREPARATION 2 0 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 2 0 NATURAL GAS IN STORAGE HELD FOR RESALE 2 0 FINANCIAL AND DERIVATIVE INSTRUMENTS 2 2 FINANCIAL RISK MANAGEMENT 2 4 ASSETS HELD FOR SALE 2 4 PROPERTY, PLANT AND EQUIPMENT

2 5 LEASE LIABILITY 2 5 LONG-TERM DEBT 2 6 COMMITMENTS AND CONTINGENCIES 2 6 UNREALIZED MARKET VALUE ADJUSTMENTS 27 NATURAL GAS SALES AND PURCHASES 27 DELIVERY REVENUE 27 TRANSPORTATION AND STORAGE REVENUE 28 N ET FINANCE EXPENSES

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