Mr. Patrick Decostre reports

BORALEX ANNOUNCES THE ELECTION OF ITS DIRECTORS AND HIGHLIGHTS OF ITS ANNUAL MEETING OF SHAREHOLDERS

Boralex Inc. held its annual meeting of shareholders earlier today. During the on-line meeting chaired by Alain Rheaume, chairman of the board, shareholders elected directors and adopted the resolutions proposed.

Mr. Rheaume opened the meeting by outlining Boralex's highlights for the year 2022, which took place against a backdrop of a global energy crisis and a desire to accelerate the development of renewable energies on the part of many governments around the world. Mr. Rheaume applauded Boralex exceeding the growth objectives related to the strategic plan and the conclusion of the partnership formed at the beginning of the year with the global investment manager Energy Infrastructure Partners. He also noted the board of directors taking charge of establishing and implementing the company's corporate social responsibility (CSR) strategy, as well as the promotion and monitoring of the company's actions in this regard.

Election of directors

All nominees proposed in the management proxy circular dated March 2, 2023, were elected as directors of Boralex. The results of the vote by ballot are set out herein.

The final voting results on all questions submitted to a vote at the annual meeting will be filed with SEDAR.

About Boralex Inc.

At Boralex, it has been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, it also has facilities in the United States and development projects in the United Kingdom. Over the past five years, its installed capacity has more than doubled to over three gigawatts. It is developing a portfolio of over six gigawatts in wind, solar and storage projects, guided by its values and its corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. As a result of its fearlessness, its discipline, its expertise and its diversity, it continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.