An anonymous director reports

POLARIS RENEWABLE ENERGY DECLARES QUARTERLY DIVIDEND

Polaris Renewable Energy Inc. has declared a quarterly dividend of 15 U.S. cents per common share outstanding.

This dividend will be paid on Feb. 23, 2024, to shareholders of record at the close of business on Feb. 12, 2024. The dividend is designated as an eligible dividend for Canadian federal, provincial and territorial income tax purposes.

The board of directors of Polaris Infrastructure remains committed to paying a quarterly dividend and will evaluate further dividend increases, as appropriate, going forward.

About Polaris Renewable Energy Inc.

Polaris Renewable Energy is a publicly traded Canadian company engaged in the acquisition, development and operation of renewable-energy projects in Latin America. Polaris Renewable Energy is a high-performing and financially sound contributor in the energy transition.

The company's operations are in five Latin American countries and include a geothermal plant (approximately 72 megawatts), four run-of-river hydroelectric plants (approximately 33 megawatts) and three solar (photovoltaic) projects now in operation (approximately 35 megawatts).

We seek Safe Harbor.