Mr. Simon Maine reports

BROOKFIELD RENEWABLE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BIDS

The Toronto Stock Exchange has accepted notices filed by:

1. Brookfield Renewable Partners LP (BEP) of its intention to renew its normal course issuer bids for its limited partnership (LP) units and Class A preferred limited partnership units;
2. Brookfield Renewable Corp. (BEPC) (together with BEP, Brookfield Renewable) of its intention to renew its normal course issuer bid for its outstanding Class A exchangeable subordinate voting shares;
3. Brookfield Renewable Power Preferred Equity Inc. (BRP Equity) of its intention to renew its normal course issuer bid for its outstanding Class A preference shares. BRP Equity is a wholly owned subsidiary of BEP.

All dollar amounts are in U.S. dollars, unless otherwise indicated.

Brookfield Renewable believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase LP units, preferred units, exchangeable shares or preferred shares, as applicable, should they be trading in price ranges that do not fully reflect their value, representing an attractive use of available funds. There are currently three series of preferred units and five series of preferred shares outstanding and listed on the TSX.

Under BEP's normal course issuer bid for LP units, BEP is authorized to repurchase up to 15,296,104 LP units, representing 5 per cent of its issued and outstanding LP units. At the close of business on Dec. 4, 2025, there were 305,922,080 LP units issued and outstanding. Under BEP's normal course issuer bid, it may repurchase up to 69,640 LP units on the TSX during any trading day, representing 25 per cent of the average daily trading volume of 278,560 LP units for the six months ended Nov. 30, 2025.

Under BEPC's normal course issuer bid for exchangeable shares, BEPC is authorized to repurchase up to 7,244,255 exchangeable shares, representing 5 per cent of its issued and outstanding exchangeable shares. At the close of business on Dec. 4, 2025, there were 144,885,110 exchangeable shares issued and outstanding. Under BEPC's normal course issuer bid, it may repurchase up to 65,073 exchangeable shares on the TSX during any trading day, representing 25 per cent of the average daily trading volume of 260,295 exchangeable shares for the six months ended Nov. 30, 2025.

Under BEP's normal course issuer bid for preferred units, BEP is authorized to repurchase a total of approximately 10 per cent of the public float of each respective series of the preferred units, as shown in an attached table.

Under BRP Equity's normal course issuer bid for preferred shares, BRP Equity is authorized to repurchase a total of approximately 10 per cent of the public float of each respective series of the preferred shares, as shown in another table.

Repurchases under each normal course issuer bid are authorized to commence on Dec. 18, 2025, and each normal course issuer bid will terminate on Dec. 17, 2026, or earlier should Brookfield Renewable or BRP Equity, as applicable, complete repurchases under its respective normal course issuer bids prior to such date.

Under BEP's prior normal course issuer bid for LP units, which commenced on Dec. 18, 2024, and expires on Dec. 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 14,255,578 LP units. As of Dec. 4, 2025, BEP has repurchased 1,522,975 LP units under its current normal course issuer bid through open market transactions on the TSX and alternative trading systems at a weighted average price per LP unit of approximately $31.9363 (Canadian).

Under BEPC's prior normal course issuer bid, which commenced on Dec. 18, 2024, and expires on Dec. 17, 2025, BEPC previously sought and received approval from the TSX to repurchase up to 8,982,042 exchangeable shares. BEPC has not repurchased any exchangeable shares under its existing normal course issuer bid in the past 12 months.

Under BEP's prior normal course issuer bid for preferred units, which commenced on Dec. 18, 2024, and expires on Dec. 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 700,000 Series 7 preferred units, one million Series 13 preferred units and 600,000 Series 18 preferred units. BEP did not repurchase any preferred units under this normal course issuer bid.

Under BRP Equity's prior normal course issuer bid, which commenced on Dec. 18, 2024, and expires on Dec. 17, 2025, BRP Equity previously sought and received approval from the TSX to repurchase up to 684,953 Series 1 preferred shares, 311,053 Series 2 preferred shares, 996,139 Series 3 preferred shares, 411,450 Series 5 preferred shares and 700,000 Series 6 preferred shares. BRP Equity did not repurchase any preferred shares under this normal course issuer bid.

All purchases of the LP units and exchangeable shares will be effected through the facilities of the TSX and/or the New York Stock Exchange, and/or alternative trading systems in Canada and/or the United States. All purchases of preferred units and preferred shares will be effected through facilities of the TSX and/or alternative trading systems in Canada. All LP units, preferred units, exchangeable shares and preferred shares acquired under the applicable normal course issuer bid will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws.

BEP and BEPC intend to enter into automatic share purchase plans, which have been precleared by the TSX, on or about the week of Dec. 22, 2025, in relation to their respective normal course issuer bids. The automatic share purchase plans will allow for the purchase of LP units, preferred units and exchangeable shares, as applicable, subject to certain trading parameters, at times when BEP or BEPC, as applicable, ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside these periods, LP units, preferred units or exchangeable shares, as applicable, will be repurchased in accordance with management's discretion, in compliance with applicable law.

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 solutions assets include its investment in a leading global nuclear services business and investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling, and e-fuels manufacturing capacity, among others.

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

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