Mr. Stephane Milot reports

BROOKFIELD AND LA CAISSE COMPLETE ACQUISITION OF BORALEX

Boralex Inc., Brookfield and La Caisse (formerly CDPQ) have completed the previously announced acquisition of Boralex by Brookfield, together with its institutional partners including Brookfield Renewable Partners, and La Caisse, by way of a plan of arrangement under the provisions of the Canada Business Corporations Act.

Pursuant to the terms of the arrangement, the purchaser acquired all of the issued and outstanding Class A common shares of Boralex for a price of $37.25 per share in cash.

The purchaser has caused to be delivered to Computershare Investor Services Inc., the depositary for the arrangement, sufficient funds to enable it to make payments to the shareholders of Boralex pursuant to the terms of the arrangement. In accordance with the arrangement, payment will be made by Computershare to the shareholders of Boralex as soon as practicable following the date hereof.

Letters of transmittal have been mailed to registered shareholders and are also available under the profile of Boralex at SEDAR+. The letters of transmittal explain how registered shareholders can deposit and obtain payment for their shares. Registered shareholders must return their duly completed letters of transmittal to Computershare in order to receive the consideration to which they are entitled for their shares.

As a result of the completion of the arrangement, it is expected that the shares will be delisted from the Toronto Stock Exchange on or about Aug. 17, 2026. Boralex has applied to cease to be a reporting issuer under the securities legislation of each province of Canada where the Corporation currently is a reporting issuer.

Boralex will operate independently following close of the acquisition. Similar to the benefits realized across Brookfield's other platforms, the investment from Brookfield and La Caisse will help advance the corporation's mission of delivering affordable, renewable energy, and enable it to meet growing demand driven by electrification, reindustrialization, digitalization and energy security imperatives.

Early warning disclosure

Further to the requirements of Regulation 62-104 respecting Take-Over Bids and Issuer Bids and Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and Insider Reporting Issues, the purchaser will file an early warning report in connection with its participation in the arrangement, in accordance with applicable securities laws. A copy of the early warning report will be filed with the applicable securities commissions and will be made available on the corporation's profile on SEDAR+. Further information and a copy of the early warning report of the purchaser may be obtained by contacting Camille Laventure, senior adviser, public affairs and external communications, of Boralex (1-438-883-8580/camille.laventure@boralex.com). In addition, La Caisse will also file an early warning report in connection with its participation in the arrangement, in accordance with applicable securities laws. A copy of the early warning report will be filed with the applicable securities commissions and will be made available on the corporation's profile on SEDAR+. Further information and a copy of the early warning report of La Caisse may be obtained by contacting Jean-Benoit Houde (1-514-847-5493/medias@lacaisse.com).

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, Boralex's installed capacity has increased by more than 50 per cent, reaching 3,822 megawatts. The company is developing a portfolio of projects in development and growth path of nearly 8.2 gigawatts in wind, solar and BESS projects, guided by the company's values and its corporate social responsibility (CSR) approach. Recognized as the 7th Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming.

About Brookfield Asset Management Ltd.

Brookfield Asset Management is a leading global alternative asset manager, with over $1-trillion of assets under management across infrastructure, energy, private equity, real estate and credit. The company invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world -- including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors. It draws on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles.

About La Caisse

La Caisse has invested for over 60 years with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers and contribute to Quebec's economic development. As a global investment group, La Caisse is active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2026, it held $552-billion in net assets.

La Caisse is a registered trademark of Caisse de depot et placement du Quebec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

We seek Safe Harbor.