Western Wind Energy Corp V.WND

LOOKS GOOD FOR TOMORROW

[Probability]

If the Offeror acquires 90% of the outstanding common shares under the Offer, it intends to use the compulsory acquisition provisions under British Columbia corporate law to acquire the remaining common shares of Western Wind. If less than 90% of the common shares of Western Wind are deposited to the Offer, the Offeror intends to effect a subsequent acquisition transaction to acquire the remaining common shares, as described in its November 26, 2012 take-over bid circular. In either case the consideration payable will be $2.60 in cash per share of Western Wind.

Given that Brookfield Renewable is now the controlling shareholder of Western Wind, Brookfield Renewable has written to the Western Wind board of directors requesting an orderly transition of the Western Wind board of directors.