Ms. Marie Fuller reports

BROOKFIELD RENEWABLE PARTNERS ANNOUNCES NEW DATE FOR MEETING ON PROPOSED CORPORATE SIMPLIFICATION

Brookfield Renewable Partners LP has set a new date for the special meeting of unitholders of Brookfield Renewable Partners in respect of the proposed corporate structure simplification. Votes received to date demonstrate overwhelming support for the simplification, with over 99.7 per cent of votes cast in favour. The new date will provide additional time for unitholders to participate and help achieve the required voting threshold to proceed with the Simplification, which Brookfield Renewable Partners believes is in the best interests of all securityholders.

Approval from at least two-thirds (66-2/3rds per cent) of outstanding Brookfield Renewable Partners units as of the close of business on the record date is required to proceed with the simplification.

The unitholders meeting will now be held virtually on Oct. 29, 2026, at 11 a.m. EDT. The record date for determining unitholders eligible to vote at the meeting will remain as Aug. 21, 2026.

As a result of the new date for the meeting, the updated deadline for registered unitholders to cast their votes by proxy is 5 p.m. EDT on Oct. 27, 2026. Unitholders who have already submitted a proxy do not need to vote again.

The special meeting of shareholders of Brookfield Renewable Corp. will continue to be held virtually on Oct. 14, 2026, at 12 p.m. EDT.

The board of directors of each of Brookfield Renewable Partners and Brookfield Renewable, based in part on the unanimous recommendations of their respective nominating and governance committees (consisting entirely of independent directors) and the fairness opinions received from Bank of Nova Scotia, unanimously determined that the simplification is in the best interests of Brookfield Renewable Partners and Brookfield Renewable, respectively, and have unanimously resolved to approve the simplification and recommend that Brookfield Renewable Partners unitholders and Brookfield Renewable shareholders vote in favour of the simplification. Glass Lewis has recommended that both Brookfield Renewable Partners unitholders and Brookfield Renewable shareholders vote for the simplification, while ISS has recommended that Brookfield Renewable Partners unitholders vote for the simplification.

Benefits of a simplified structure

The simplification will combine Brookfield Renewable Partners and Brookfield Renewable into a single publicly traded corporation, Brookfield Renewable Partners Inc. (BEP Inc.), creating a simpler corporate structure designed to deliver long-term value for all securityholders.

Brookfield Renewable expects the simplification to be tax-deferred for Canadian and U.S. investors and completed without any meaningful cost to the business, while providing securityholders with the following benefits, among others:

• Improved consolidated trading liquidity through a single listed security;
• Increased demand from current indices and potential additional index inclusion;
• Stronger alignment with long-term capital allocation trends toward indexable and ETF-eligible (exchange-traded fund) corporate securities;
• Simplified investor analysis, screening and benchmarking through a single listed reporting entity;
• Broader access to a larger pool of investors who prefer corporate structures;
• Enhanced governance framework and voting rights for public securityholders;
• For Brookfield Renewable Partners unitholders, elimination of onerous partnership tax reporting forms and preferential dividend tax rates for many Canadian and U.S. taxable investors.

Additional information is also available on Brookfield Renewable Partners' website under proposed simplification.

If the necessary securityholder approvals are obtained, the final hearing to obtain the final order from the Supreme Court of British Columbia approving the Simplification is expected to be held on or about Nov. 3, 2026. Subject to the receipt of the final order and required regulatory approvals, it is anticipated that the simplification will be completed in the fourth quarter of 2026.

Questions or require voting assistance?

The company has retained Laurel Hill Advisory Group as its proxy solicitation agent. If you have any questions about the meeting or require assistance voting, please contact Laurel Hill Advisory Group as follows.

Toll-free:  1-877-452-7184 (toll-free in North America)

International:  1-416-304-0211

Text:  info to either number above

E-mail:  assistance@laurelhill.com

The company may also use the services of Broadridge Investor Communications to assist eligible beneficial shareholders with voting their shares with written confirmation or over the telephone with Laurel Hill. Simply contact Laurel Hill Advisory Group to vote your shares today.

For additional information on the Simplification, please see the joint management information circular filed with the applicable Canadian securities regulators and with the United States Securities and Exchange Commission, which is available on SEDAR+ and on EDGAR. Securityholders are urged to read the circular carefully.

Please note that Brookfield Renewable Partners has applied for and received exemptive relief from the Ontario Securities Commission in order to not require further approval by the holders of Class A shares of BEP Inc. for any future distributions of BEP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BEP Inc. Class A shares under a prospectus, conditional upon obtaining the required securityholder approvals described in the joint management information circular. Accordingly: (i) in respect of Brookfield Renewable Partners, a vote in favour of the simplification by Brookfield Renewable Partners unitholders will constitute voting in favour of BEP Inc.'s ability to conduct future issuances of BEP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BEP Inc. Class A shares pursuant to a prospectus; and (ii) in respect of Brookfield Renewable Corp., a vote in favour of the Simplification by Brookfield Renewable Corp. shareholders will, in the event that the simplification is approved by Brookfield Renewable Corp. shareholders, constitute voting in favour of BEP Inc.'s ability to conduct future issuances of BEP Inc. Class A shares or securities that are, directly or indirectly, convertible into, or exercisable or exchangeable for, BEP Inc. Class A shares pursuant to a prospectus, in each case, without requiring further approval by holders of BEP Inc. Class A shares in accordance with National Instrument 41-101, General Prospectus Requirements.

Brookfield Renewable Partners operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Its renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar and storage facilities, and its sustainable solutions assets include its investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling, and e-fuels manufacturing capacity, among others.

Investors can access the portfolio either through Brookfield Renewable Partners, a Bermuda-based limited partnership, or Brookfield Renewable, a Canadian corporation.

Brookfield Renewable is the flagship listed energy company of Brookfield Asset Management, a global alternative asset manager headquartered in New York with over $1-trillion of assets under management.

We seek Safe Harbor.