An anonymous director reports

ROCKPOINT GAS STORAGE INC. PRICES UPSIZED INITIAL PUBLIC OFFERING

Rockpoint Gas Storage Inc. has priced its upsized initial public offering of 32 million Class A common shares at a price of $22 per Class A share for gross proceeds of approximately $704-million, following the filing of a final base PREP prospectus with the securities regulatory authorities in each of the provinces and territories in Canada. Certain selling shareholders have granted the underwriters an option to acquire up to an additional 4.8 million Class A shares, exercisable at any time, in whole or in part, until 30 days after the closing date of the offering, to cover overallotments, if any, and for market stabilization purposes.

The offering is being made through a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan, as joint lead bookrunning managers, and including Wells Fargo Securities, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., ATB Capital Markets, Desjardins Capital Markets, and Peters & Co. Ltd.

Following completion of the offering, affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP will own approximately 39.8 per cent of the 53.2 million outstanding Class A shares (30.8 per cent if the overallotment option is exercised in full) and all of the company's 79.8 million outstanding Class B voting shares, comprising approximately 75.9 per cent of the votes attached to the 133 million total outstanding shares of the company (72.3 per cent if the overallotment option is exercised in full).

The closing of the offering is expected to occur on or about Oct. 15, 2025, subject to customary closing conditions. The Class A shares will begin trading on the Toronto Stock Exchange on an if, as and when-issued basis on Oct. 9, 2025, under the symbol RGSI. The TSX has conditionally approved the listing of the Class A shares, subject to fulfilling customary TSX requirements.

The supplemented PREP prospectus, containing pricing information, and other important information relating to the company, the Class A shares and the offering, and any amendment, will be accessible within two business days under the company's profile on SEDAR+. Access to the supplemented PREP prospectus is provided in accordance with securities legislation relating to procedures for providing access to a supplemented PREP prospectus. An electronic or paper copy of the supplemented PREP prospectus and any amendment may be obtained, without charge, from any of the following by providing any of them with an e-mail address or address, as applicable, from: RBC Dominion Securities Inc. by mail at attention: distribution centre, RBC Wellington Square (eighth floor), 180 Wellington St. W, Toronto, Ont., Canada, M5J 0C2, and by e-mail at distribution.rbcds@rbccm.com; or J.P. Morgan Securities Canada Inc. by mail at attention: equity sales desk, Suite 4500, TD Bank Tower, 66 Wellington St. W, Toronto, Ont., Canada, M5K 1E7.

About Rockpoint Gas Storage Inc.

Rockpoint Gas Storage is the largest independent pure-play operator of natural gas storage facilities in North America. Rockpoint Gas Storage owns and operates six strategically located natural gas storage facilities with a combined effective working gas storage capacity of approximately 280 billion cubic feet that is critical for ensuring the reliable and stable supply of natural gas in its service areas. The company believes that the assets are uniquely positioned to capture the benefits associated with growing natural gas demand, particularly from LNG (liquefied natural gas), gas-fired power generation to support data centre growth, oil sands and electrification broadly. Rockpoint Gas Storage's business strategy is to optimize its storage platform to capitalize on these demand trends and offer its customers unique and highly customizable natural gas storage solutions that are critical to their operations.

Proudly headquartered in Calgary, Alta., Rockpoint Gas Storage's asset portfolio has a 37-year operating history, and is managed by an industry-leading and highly experienced management team.

We seek Safe Harbor.