Rejji P. Hayes Promoted to Executive Vice President and Chief Financial Officer for ITC Holdings Corp.

May 25, 2016

NOVI, Mich., May 25, 2016 — ITC Holdings Corp. (NYSE: ITC) announced today that Rejji P. Hayes has been promoted to executive vice president and chief financial officer for ITC Holdings Corp. Mr. Hayes continues to be responsible for the company's accounting, internal audit, investor relations, treasury, financial planning and analysis, management reporting, mergers and acquisitions, risk management, and tax functions of the company.

Before joining ITC as vice president, Finance and Treasurer in 2012, Mr. Hayes was assistant treasurer and director, Corporate Finance and Financial Strategy at Exelon Corporation in Chicago, where he was responsible for developing the company’s financial strategy and planning, structuring and executing all debt and equity financings. He also served as vice president, Mergers and Acquisitions at Lazard Freres & Co. LLC where he provided strategic and corporate finance advisory services for corporate clients and private equity firms. Previously, Mr. Hayes served in a variety of financial leadership roles with financial institutions and investment banks. He serves on the board of the Cranbrook Institute of Science and previously served on the boards of Phillips Andover Academy and The University of Illinois at Chicago's College of Liberal Arts and Sciences.

Mr. Hayes holds a Master of Business Administration from Harvard Business School and a bachelor’s degree from Amherst College.

About ITC
ITC Holdings Corp. (NYSE: ITC) is the nation’s largest independent electric transmission company. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load exceeding 26,000 megawatts along approximately 15,700 circuit miles of transmission line. ITC’s grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. Additional information can be accessed at www.itc-holdings.com or www.edgar.com. (ITC-itc-F)