Mr. Simon Maine reports

BROOKFIELD RENEWABLE TO ISSUE C$150 MILLION OF 5.75% PREFERRED UNITS

Brookfield Renewable Partners LP has agreed to issue six million 5.75 per cent cumulative minimum rate reset Class A preferred limited partnership units, Series 19, on a bought deal basis to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank of Canada Capital Markets, RBC Capital Markets and TD Securities Inc. for distribution to the public. The Series 19 preferred units will be issued at a price of $25 per unit, for gross proceeds of $150-million.

Holders of the Series 19 preferred units will be entitled to receive a cumulative quarterly fixed distribution yielding 5.75 per cent annually for the initial period ending July 31, 2031. Thereafter, the distribution rate will be reset every five years at a rate equal to the greater of: (i) the five-year government of Canada bond yield plus 2.65 per cent; and (ii) 5.75 per cent. The Series 19 preferred units are redeemable on July 31, 2031, and on each Series 19 reclassification date (as defined below) thereafter.

Holders of the Series 19 preferred units will have the right, at their option, to reclassify their Series 19 preferred units into cumulative floating rate reset Class A preferred limited partnership units, Series 20, subject to certain conditions, on July 31, 2031, and on July 31 every five years thereafter. Holders of Series 20 preferred units will be entitled to receive a cumulative quarterly floating distribution at a rate equal to the 90-day Canadian treasury bill yield plus 2.65 per cent.

Brookfield Renewable has granted the underwriters an option, exercisable until 48 hours prior to closing, to purchase up to an additional two million Series 19 preferred units, which, if exercised, would increase the gross offering size to $200-million.

The Series 19 preferred units will be offered in all provinces and territories of Canada by way of a prospectus supplement to Brookfield Renewable's existing Canadian short form base shelf prospectus dated Sept. 26, 2025. The Series 19 preferred units may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.

Brookfield Renewable intends to use the net proceeds from this offering to finance eligible investments (as defined in Brookfield Renewable's 2024 Green Financing Framework), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable's website and described in the prospectus supplement in respect of the offering.

The offering of Series 19 preferred units is expected to close on or about June 9, 2026.

Access to the prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of the Series 19 preferred units is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment thereto. The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering will be accessible within two business days at SEDAR+.

An electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting Scotiabank by e-mail at equityprospectus@scotiabank.com, BMO Capital Markets by e-mail at torbramwarehouse@datagroup.ca, CIBC Capital Markets by e-mail at mailbox.canadianprospectus@cibc.com, National Bank of Canada Capital Markets by e-mail at NBF-Syndication@bnc.ca, RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com and TD Securities Inc. by e-mail at sdcconfirms@td.com.

About Brookfield Renewable Partners LP

Brookfield Renewable 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 solution assets include its investment in a leading global nuclear service business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, material recycling, and e-fuels manufacturing capacity, among others.

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

We seek Safe Harbor.