Additional item to be voted on at the 2021 Annual Meeting of Shareholders

All statements made in this press release that are not statements of historical fact, including statements about Puget’s beliefs and expectations, are forward-looking statements within the meaning of federal securities laws and should be evaluated as such. Forward-looking statements can be identified by the use of forward-looking terminology, including the terms “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “anticipate”, “Objective,” “have the intention”, “power”, “objective”, “plan”, “. terminology. Puget bases these forward-looking statements or projections on its current expectations, plans and assumptions that it has made in light of its experience in the industry, as well as on its perceptions of historical trends, current conditions, expected future developments and other factors that it considers are appropriate in the circumstances and at the time. By reading and considering this press release, you should understand that these statements are not guarantees of future performance or results. Forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on such forward-looking statements or projections. Although Puget believes that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect Puget’s actual results and differ materially from those expressed in the forward-looking statements and projections. Puget assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. If Puget updates one or more forward-looking statements, there should be no inference that it will make any further updates with respect to such or other forward-looking statements.

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