Brookfield Renewable Power completes C$450 million medium-term notes offering

On October 13, 2010, Brookfield Renewable Power Inc. completed an offering of C$450 million aggregate principal amount of 5.14% medium-term notes, Series 7, due October 13, 2020, for total gross proceeds of approximately C$449.8 million. The offering was completed pursuant to Brookfield's medium-term note program. The notes were issued under a pricing supplement dated October 7, 2010, to Brookfield's short form base shelf prospectus dated September 9, 2010, as supplemented by a prospectus supplement dated October 6, 2010.

The offering of the notes was led by CIBC World Markets Inc., and also included Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc. and HSBC Securities (Canada) Inc.

The net proceeds of the offering will be used to (i) early redeem the C$400 million aggregate principal amount of 8.75% medium-term notes, Series 5, due February 3, 2012; and (ii) for general corporate purposes.
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