Ms. Camille Laventure reports

BORALEX RESPONDS TO RECENT STATEMENTS IN THE MEDIA

Boralex Inc. has been aware of recent statements in the media regarding a strategic review of alternatives being conducted by the corporation. The corporation confirms that its board of directors has formed a special committee to review and recommend strategic alternatives. The special committee is continuing its strategic review, and there can be no assurance that such review will result in a transaction. The corporation remains focused on its stated business strategy and enhancing value for its shareholders. The corporation does not intend to make any further comment unless or until there is a definitive transaction to announce or unless otherwise determined that further disclosure is appropriate or required by law.

About Boralex Inc.

At Boralex, it has been providing affordable renewable energy accessible to everyone for over 35 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, it also has facilities in the United States and in the United Kingdom. Over the past five years, its installed capacity has increased by more than 50 per cent, reaching 3,783 megawatts as at Dec. 31, 2025. It is developing a portfolio of projects in development and construction of 8.2 gigawatts in wind, solar and BESS projects, guided by its values and its corporate social responsibility approach. Recognized as best corporate citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. As a result of fearlessness, discipline, expertise and diversity, it continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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