Ms. Claire Holland reports

BROOKFIELD RENEWABLE ANNOUNCES RESULTS OF RECLASSIFICATION OF ITS SERIES 7 PREFERRED UNITS

Brookfield Renewable Partners LP, after having taken into account all election notices received by the Jan. 18, 2021, deadline for the reclassification of its Class A preferred limited partnership units, Series 7 into Class A Preferred Limited Partnership units, Series 8, has determined that there will be no reclassification of Series 7 units into Series 8 units, and holders of Series 7 units will retain their Series 7 units.

There were 6,600 Series 7 units tendered for reclassification, which is less than the one million units required to give effect to reclassifications of Series 7 units into Series 8 units.

Brookfield Renewable operates one of the world's largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 19,000 megawatts of installed capacity and an 18,000-megawatt development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners LP (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corp. (NYSE, TSX: BEPC), a Canadian corporation.

Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $575-billion (U.S.) of assets under management.