Husky Declares Fourth Quarter 2008 Dividend

Husky's Board of Directors has declared a quarterly dividend of $0.30 (Canadian) per share on its common shares for the three-month period ended December 31, 2008. The dividend will be payable on April 1, 2009 to shareholders of record at the close of business on March 2, 2009.

Given the prevailing economic environment, a $0.30 per share quarterly dividend continues to provide shareholders with one of the leading yields in the industry while allowing the company to maintain a strong balance sheet and preserve financial flexibility.