Mr. Serge Vallières reports

BORALEX OBTAINS FINAL COURT APPROVAL OF THE ARRANGEMENT WITH BROOKFIELD AND LA CAISSE

Boralex Inc. has obtained a final order from the Superior Court of Quebec (Commercial Division) approving the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act involving the corporation and BIF Thunder Holdings Inc., a newly formed entity to be jointly owned by Brookfield Infrastructure Fund V and/or its affiliates, and Caisse de depot et placement du Quebec. This final court approval follows the shareholder approval that was obtained at the annual and special meeting of the corporation's shareholders held on Thursday, June 4, 2026.

The completion of the arrangement remains subject to the satisfaction of customary closing conditions for a transaction of this nature, including the receipt of key regulatory approvals. Assuming that these remaining conditions to closing are satisfied, the arrangement is expected to be completed by the fourth quarter of 2026.

Further details regarding the arrangement are provided in the management information circular of the corporation dated May 1, 2026, a copy of which is available under the corporation's profile on SEDAR+.

About Boralex Inc.

At Boralex, the company 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, the company also has facilities in the United States and in the United Kingdom. Over the past five years, the company's installed capacity has increased by more than 50 per cent, reaching 3,783 MW (megawatts) as at Dec. 31, 2025. The company is developing a portfolio of projects in development and construction of 8.2 GW (gigawatts) in wind, solar and BESS projects, guided by the company's values and its corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to the company's fearlessness, its discipline, its expertise and its diversity, the company continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

We seek Safe Harbor.