Brookfield Renewable Extends Offer for Western Wind

Mon Feb 11, 2013 8:18pm EST

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Marketwire

Brookfield Renewable Energy Partners L.P.

February 11, 2013 - 08:18:24 PM

Brookfield Renewable Extends Offer for Western Wind

HAMILTON, BERMUDA--(Marketwire - Feb. 11, 2013) - 

All amounts in Canadian dollars unless otherwise indicated

Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) ("Brookfield
Renewable") and WWE Equity Holdings Inc. (the "Offeror") today announced that
the Offeror has extended the expiry time of its offer to acquire the common
shares of Western Wind Energy Corp. ("Western Wind" or the "Company") for
$2.60 per share (the "Offer"). 

Brookfield Renewable is very encouraged by the number of shares that have been
tendered since the release of the Ontario Securities Commission ("OSC")
decision on Friday, February 8, 2013. On that date, the OSC dismissed the
application of Western Wind and agreed with Brookfield Renewable that a formal
valuation of the Western Wind common shares is not required. Brookfield
Renewable realizes that many shareholders were waiting for the OSC decision
before deciding whether to tender to the Offer. Given that the OSC decision
was only announced on February 8th, Brookfield Renewable wants to ensure that
shareholders have adequate time to tender to the Offer, and has extended the
Offer by 10 days, the minimum period permitted by statutory requirement. 

Brookfield Renewable is now close to satisfying the minimum tender condition
but still needs some additional support from shareholders to do so. 

The new expiry time is 5:00 p.m. (EST) on February 21, 2013. The Offer price
of $2.60 per share is Brookfield Renewable's best and final offer. The Offer
will not be further extended unless the minimum tender condition (50% of
shares held by shareholders independent of Brookfield Renewable) is satisfied.


If the minimum tender condition is satisfied at the expiry time, the Offer
will be extended for a further 10 business days. However, this will not happen
unless the minimum tender condition is satisfied so shareholders need to act
now should they wish to tender. 

How to Tender Shares to the Offer

Western Wind shareholders are urged to tender their shares to the Offer before
it expires at 5:00 p.m. (EST) on February 21, 2013 by following the
instructions provided in the Offeror's take-over bid circular dated November
26, 2012, which has been filed on SEDAR.

For further information on the Offer, please contact CST Phoenix Advisors,
Brookfield Renewable's information agent for the Offer, by toll free phone at
1-800-336-5159 or by email at inquiries@phoenixadvisorscst.com.

Brookfield Renewable Energy Partners (TSX:BEP.UN) operates one of the largest
publicly-traded, pure-play renewable power platforms globally. Its portfolio
is primarily hydroelectric and totals approximately 5,300 megawatts of
installed capacity. Diversified across 69 river systems and 11 power markets
in the United States, Canada and Brazil, the portfolio generates enough
electricity from renewable resources to power more than two million homes on
average each year. With a virtually fully-contracted portfolio of high-quality
assets and strong growth prospects, the business is positioned to generate
stable, long-term cash flows supporting regular and growing cash distributions
to shareholders. For more information, please visit
www.brookfieldrenewable.com.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Contact: Brookfield Renewable Energy Partners L.P.
Zev Korman
Director, Investor Relations
(416) 359-1955
zev.korman@brookfield.com


Media Contact: Brookfield Renewable Energy Partners L.P.
Andrew Willis
SVP, Communications and Media
(416) 369-8236
andrew.willis@brookfield.com
www.brookfieldrenewable.com
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