On September 15, 2022, South Jersey Industries, Inc. issued an aggregate of $200 million principal amount of senior unsecured notes, consisting of (a) $50,000,000 aggregate principal amount of the Company's Senior Notes, Series 2022A, due July 14, 2027 (the “ Series 2022A Notes”); (b) $50,000,000 aggregate principal amount of the Company's Senior Notes, Series 2022B, due July 14, 2029; (c) 60,000,000 aggregate principal amount of the Company's Senior Notes, Series 2022C, due July 14, 2032 (the “ Series 2022C Notes”); and (d) $40,000,000 aggregate principal amount of the Company's Senior Notes, Series 2022D, due July 14, 2034 (the “ Series 2022D Notes”) and, together with the Series 2022A Notes, the Series 2022B Notes and the Series 2022C Notes, the “ Notes”. The Notes were issued pursuant to a Note Purchase Agreement, dated as of July 14, 2022, between the company and the purchasers named therein (the “ Note Purchase Agreement”) that provides for the company to issue an aggregate of $400 million of senior unsecured notes in four series, as follows: (a) $100,000,000 aggregate principal amount of Series 2022A Notes; (b) $100,000,000 aggregate principal amount of Series 2022B Notes; (c) 120,000,000 aggregate principal amount of Series 2022C Notes; and (d) $80,000,000 aggregate principal amount of Series 2022D Notes. The company issued the other half of each Series of Notes on July 14, 2022 (a total of $200,000,000 of Notes).

The Notes are unsecured. The Series 2022A Notes bear interest from the date of issuance at the annual rate of 5.35%, with interest payable semiannually on January 14 and July 14 in each year, commencing on January 14, 2023. Subject to certain accelerating events, principal on the Series 2022A Notes, plus any accrued but unpaid interest, is payable on July 14, 2027.

The Series 2022B Notes bear interest from the date of issuance at the annual rate of 5.44%, with interest payable semiannually on January 14 and July 14 in each year, commencing on January 14, 2023. Subject to certain accelerating events, principal on the Series 2022B Notes, plus any accrued but unpaid interest, is payable on July 14, 2029. The Series 2022C Notes bear interest from the date of issuance at the annual rate of 5.60%, with interest payable semiannually on January 14 and July 14 in each year, commencing on January 14, 2023.

Subject to certain accelerating events, principal on the Series 2022C Notes, plus any accrued but unpaid interest, is payable on July 14, 2032. The Series 2022D Notes bear interest from the date of issuance at the annual rate of 5.60%, with interest payable semiannually on January 14 and July 14 in each year, commencing on January 14, 2023. Subject to certain accelerating events, principal on the Series 2022D Notes, plus any accrued but unpaid interest, is payable on July 14, 2034.