new WND PR MAJORITY OF WESTERN WIND SHAREHOLDERS
REJECT BROOKFIELD BID
Vancouver, BC February 14, 2013 - Western Wind Energy Corp. -- (the "Company" or
"Western Wind") (TSX Venture Exchange -- "WND") (OTCQX -- "WNDEF") wishes to
comment on yesterday’s announcement by Brookfield Renewable Energy Partners L.P. and its
indirect subsidiary WWE Equity Holdings Inc. (together "Brookfield").
Yesterday, Brookfield acknowledged in a press release, that it had received 38.8% of the
independent shareholders, who wish to tender to the Brookfield bid. Although Brookfield failed
to provide verification of this, through CDS receipts, the vast majority of Western Wind’s
shareholders have declined to accept the Brookfield bid. At least 61.2% have voted to support
current management in seeking a higher price, through a full auction.
In this regard, Western Wind has been informed that the lock-up agreements that Brookfield
currently have in place with certain “event driven” hedge funds, will expire on February 21,
2013. This expiry can vastly diminish the remaining minority support Brookfield currently has,
and turn the current majority support for Western Wind, from a vast majority to a super majority.
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Western Wind is inviting those hedge funds with the soon-to-be expiring lock up agreements, to
lock up in favour of a thorough and robust sales process with Western Wind and prohibit
Brookfield from any further disruptions to the sales process. In addition, Western Wind will be
inviting those hedge funds who are willing to lock up with management, to join our Independent
Special Committee, and offer a complete and transparent participation in the sales process.
ABOUT WESTERN WIND ENERGY CORP.
Western Wind is a vertically integrated renewable energy production company that owns and
operates wind and solar generation facilities with 165 net MW of rated capacity in production, in
the States of California and Arizona. Western Wind further owns substantial development assets
for both solar and wind energy in the U.S. The Company is headquartered in Vancouver, BC and
has branch offices in Scottsdale, Arizona and Tehachapi, California. Western Wind trades on the
TSX Venture Exchange under the symbol "WND", and in the United States on the OTCQX
under the symbol "WNDEF".
The Company owns and operates three wind energy generation facilities in California, and one
fully integrated combined wind and solar energy generation facility in Arizona. The three
operating wind generation facilities in California are comprised of the 120MW Windstar, the
4.5MW Windridge facilities in Tehachapi, and the 30MW Mesa wind generation facility near
Palm Springs. The facility in Arizona is the Company's 10.5MW Kingman integrated solar and
wind facility. The Company is further developing wind and solar energy projects in California,
Arizona, and Puerto Rico.
ON BEHALF OF THE BOARD OF DIRECTORS
"SIGNED"
Jeffrey J. Ciachurski
President & Chief Executive Officer