Mr. Naji Baydoun reports

INNERGEX ANNOUNCES THE REPAYMENT AT MATURITY OF ITS 4.75% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES DUE JUNE 30, 2025

Innergex Renewable Energy Inc. intends to repay in full on June 30, 2025, being the maturity date, all of its then outstanding 4.75 per cent convertible unsecured subordinated debentures due on June 30, 2025, in accordance with the provisions of the trust indenture dated June 12, 2018, between the corporation and Computershare Trust Company of Canada (the trustee).

The cash payment for the repayment in full of the debentures will be 100 per cent of the aggregate outstanding principal amount, together with accrued and unpaid interest up to, but excluding, the maturity date. In accordance with the indenture, Innergex intends to satisfy its obligation to pay the maturity date payment to the trustee in cash. Interest upon the entire aggregate principal amount of the debentures will cease to be payable from and after the maturity date. The corporation intends to draw approximately $151.5-million under its revolving credit facility and use such funds to repay in full the debentures.

The debentures are listed on the Toronto Stock Exchange under the symbol INE.DB.B and will be delisted from the facilities of the TSX in connection with their repayment at maturity.

Beneficial owners of the debentures are encouraged to contact their investment dealer if they have any questions.

About Innergex Renewable Energy Inc.

For 35 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile, and manages a large portfolio of high-quality assets currently consisting of interests in 91 operating facilities with an aggregate net installed capacity of 3,737 megawatts (gross 4,693 megawatts), including 42 hydroelectric facilities, 36 wind facilities, 10 solar facilities and three battery energy storage facilities. Innergex also holds interests in 16 projects under development with a net installed capacity of 915 megawatts (gross 1,547 megawatts), five of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totalling 10,288 megawatts. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital.

We seek Safe Harbor.