TORONTO, ONTARIO--(Marketwired - June 16, 2016) - Transeastern Power Trust ("Transeastern"
or the "Trust") (TSX VENTURE:TEP.UN) today announced that certain officers and directors of the Trust have
purchased an aggregate of 183,333 trust units in the capital of the Trust (the "Qualifying Units"), at a price
of $0.63 per unit, under the Trust's Unit Purchase Plan (the "Plan"). Under the terms of the Plan, each
participant is entitled to receive the matching number of trust units acquired pursuant to the Plan at no cost to such
participant (the "Deferred Matching Units"). Subject to certain conditions, such Deferred Matching Units will be
issued to the participants over a three year period following the date of the purchase of the Qualifying Units. As a result, the
participants may be issued up to an aggregate of 183,333 Deferred Matching Units in three equal tranches over a three year
period. As required under the Plan, the Trust has also issued an aggregate of 9,804 Deferred Matching Units to certain officers,
directors and employees who acquired Qualifying Units in June 2015. Following the above noted issuance of units, the Trust has an
aggregate of 32,894,218 trust units issued and outstanding.
About Transeastern
The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire
interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the
Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable
distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of
operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power.
The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a
"SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which
precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). All material information about the
Trust may be found under Transeastern's issuer profile at www.sedar.com.
Forward-Looking Statements Except for statements of historical fact contained herein, the information in this press release
constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be
identified by words such as "anticipates", "plans", "proposes", "estimates", "intends", "expects", "believes", "may" and "will".
There can be no assurance that such statements will prove to be accurate; actual results and future events could differ
materially from such statements. Factors that could cause actual results to differ materially include, among others: risks
related to foreign operations (including various political, economic and other risks and uncertainties), the interpretation and
implementation of the energy law, expropriation of property rights, political instability and bureaucracy, limited operating
history, lack of profitability, high inflation rates, failure to obtain bank financing, fluctuations in currency exchange rates,
competition from other businesses, reliance on various factors (including local labour, importation of machinery and other key
items and business relationships), risks related to seasonality (including adverse weather conditions, shifting weather patterns,
and global warming), a shift in energy trends and demands, a shift in energy generation in the European Union, vulnerability to
fluctuations in the world market, the lack of availability of qualified management personnel and stock market volatility. Details
of the risk factors relating to Transeastern and its business are discussed under the heading "Risks and Uncertainties" in
Transeastern's annual management discussion and analysis for the year ended December 31, 2015, a copy of which is available on
Transeastern's SEDAR profile at www.sedar.com. Most of these factors are
outside the control of the Trust. Investors are cautioned not to put undue reliance on forward-looking information. These
statements speak only as of the date of this press release. Except as otherwise required by applicable securities statutes or
regulation, Transeastern expressly disclaims any intent or obligation to update publicly forward-looking information, whether as
a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its regulation services provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.