GlobeNewswire Inc | Jul 30, 2020 09:00AM EDT

July 30, 2020

PEMBROKE, Bermuda, July 30, 2020 (GLOBE NEWSWIRE) -- Altera Infrastructure GP LLC, the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), has declared the following distributions:

Units Distribution Period Amount (Per Record Date Payment Unit) DateSeries A Preferred May 15, 2020 to August $0.4531 August 10, August 17,Units 14, 2020 2020 2020Series May 15, 2020 to August $0.5313 August 10, August 17,BPreferred Units 14, 2020 2020 2020Series E Preferred May 15, 2020 to August $0.5547 August 10, August 17,Units 14, 2020 2020 2020

Altera Infrastructures cash distributions are reported on Form 1099 for United States tax purposes.

About Altera Infrastructure

Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada.

Altera Infrastructure has consolidated assets of approximately $4.8 billion, comprised of 54 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including four new builds), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels and a unit for maintenance and safety (UMS). The majority of Altera Infrastructures fleet is employed on medium-term, stable contracts. Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructures general partner.

Altera Infrastructures preferred units trade on the New York Stock Exchange under the symbols ALIN PR A, ALIN PR B and ALIN PR E, respectively.

For Investor Relations enquires contact: For Media enquires contact:Jan Rune Steinsland, Axel Wiedenmann,Chief Financial Officer Director Communications

Tel: +47 97 05 25 33 Tel: +47 95 16 30 22E-mail: investor.relations@alterainfra.com E-mail: media@alterainfra.com