Brookfield and La Caisse Complete Acquisition of Boralex

MONTREAL, Aug. 14, 2026 (GLOBE NEWSWIRE) — Boralex Inc. (“ Boralex ” or the “ Corporation “) (TSX: BLX), Brookfield and La Caisse (formerly CDPQ) announced today the completion of the previously announced acquisition of Boralex by Brookfield, together with its institutional partners including Brookfield Renewable Partners, and La Caisse (the “ Purchaser “), by way of a plan of arrangement under the provisions of the Canada Business Corporations Act (the “ Arrangement “).

Pursuant to the terms of the Arrangement, the Purchaser acquired all of the issued and outstanding class A common shares (the “ Shares “) of Boralex for a price of $37.25 per Share in cash.

A welcome email is on its way. If you don't see it, please check your junk folder.

The Purchaser has caused to be delivered to Computershare Investor Services Inc. (“ Computershare “), the depositary for the Arrangement, sufficient funds to enable it to make payments to the shareholders of Boralex pursuant to the terms of the Arrangement. In accordance with the Arrangement, payment will be made by Computershare to the shareholders of Boralex as soon as practicable following the date hereof.

Letters of transmittal have been mailed to registered shareholders and are also available under the profile of Boralex at www.sedarplus.ca . The letters of transmittal explain how registered shareholders can deposit and obtain payment for their Shares. Registered shareholders must return their duly completed letters of transmittal to Computershare in order to receive the consideration to which they are entitled for their Shares.

As a result of the completion of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about August 17, 2026. Boralex has applied to cease to be a reporting issuer under the securities legislation of each province of Canada where the Corporation currently is a reporting issuer.

Boralex will operate independently following close of the acquisition. Similar to the benefits realized across Brookfield’s other platforms, the investment from Brookfield and La Caisse will help advance the Corporation’s mission of delivering affordable, renewable energy and enable it to meet growing demand driven by electrification, reindustrialization, digitalization, and energy security imperatives.

Further to the requirements of Regulation 62-104 respecting Take-Over Bids and Issuer Bids and Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues , the Purchaser will file an early warning report in connection with its participation in the Arrangement, in accordance with applicable securities laws. A copy of the early warning report will be filed with the applicable securities commissions and will be made available on the Corporation’s profile on SEDAR+ at www.sedarplus.ca . Further information and a copy of the early warning report of the Purchaser may be obtained by contacting Camille Laventure, Senior Advisor, Public Affairs and External Communications of Boralex (+1 438 883-8580 / [email protected] ).