Ms. Camille Laventure reports

BORALEX RECEIVES ALL REGULATORY APPROVALS FOR ARRANGEMENT WITH BROOKFIELD AND LA CAISSE

Boralex Inc. has received all regulatory approvals required in connection with the closing of the previously announced plan of arrangement under the Canada Business Corporations Act involving the corporation and Brookfield, together with its institutional partners including Brookfield Renewable Partners and La Caisse (formerly CDPQ). The corporation expects that, subject to the satisfaction at closing of the remaining closing conditions, the arrangement will be completed on or about Aug. 14, 2026.

The arrangement was approved by Boralex shareholders at an annual and special meeting of shareholders held on June 4, 2026, and the corporation obtained a final order from the Superior Court of Quebec (Commercial Division) approving the arrangement on June 5, 2026.

Further details regarding the arrangement are provided in the management information circular of the corporation dated May 1, 2026, a copy of which is available under the corporation's profile on SEDAR+.

About Boralex Inc.

At Boralex, the company has been providing affordable renewable energy accessible to everyone for over 35 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, Boralex also has facilities in the United States and in the United Kingdom. Over the past five years, Boralex's installed capacity has increased by more than 50 per cent, reaching 3,783 megawatts as at March 31, 2026. Boralex is developing a portfolio of projects in development and construction of 8.3 gigawatts in wind, solar and BESS (battery energy storage system) projects, guided by Boralex's values and the company's corporate social responsibility (CSR) approach. Boralex is actively participating in the fight against global warming. Thanks to its fearlessness, its discipline, its expertise and its diversity, the company continues to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

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