Brookfield Renewable Succeeds in Bid for Western Wind

Brookfield Renewable Succeeds in Bid for Western Wind 
Offer Extended Until 5:00 P.M. (EST) on March 7, 2013 
HAMILTON, BERMUDA -- (Marketwire) -- 02/21/13 --  
All amounts in Canadian dollars unless otherwise indicated 
Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) ("Brookfield
Renewable") and WWE Equity Holdings Inc. (the "Offeror") today
announced that the Offeror has taken up 35,443,025 common shares of
Western Wind Energy Corp. ("Western Wind" or the "Company") pursuant
to its all-cash offer to acquire the common shares of Western Wind
for $2.60 per share (the "Offer"). The common shares taken up
represent 59.7% of the common shares held by shareholders independent
of Brookfield Renewable. Brookfield Renewable will now own 46,767,375
common shares of Western Wind representing 66.1% of the issued and
outstanding common shares. 
"We are very pleased with the successful outcome of our bid and look
forward to incorporating these complementary energy assets into our
renewable power portfolio," said Richard Legault, President and Chief
Executive Officer of Brookfield Renewable. "This will increase our
operating wind capacity in the attractive California market by 56% to
nearly 430 MW, while the company's other operating and development
stage assets are expected to create further value over time." 
Information for Western Wind Shareholders  
Shareholders who hold Western Wind common shares through a broker
will receive payment of the $2.60 per share offer price through such
broker, while shareholders holding common shares in registered form
will receive payments directly from the depositary. 
The Offeror has instructed the depositary to take up and accept for
payment the Western Wind common shares tendered and has extended the
Offer in accordance with its terms and the requirements for a
permitted bid under Western Wind's shareholder rights plan in order
to enable those shareholders that have not yet tendered to deposit
their Western Wind common shares to the Offer. The Offer, as
extended, will now expire at 5:00 p.m. (EST) on March 7, 2013. 
If the Offeror acquires 90% of the outstanding common shares under
the Offer, it intends to use the compulsory acquisition provisions
under British Columbia corporate law to acquire the remaining common
shares of
 Western Wind. If less than 90% of the common shares of
Western Wind are deposited to the Offer, the Offeror intends to
effect a subsequent acquisition transaction to acquire the remaining
common shares, as described in its November 26, 2012 take-over bid
circular. In either case the consideration payable will be $2.60 in
cash per share of Western Wind. 
Given that Brookfield Renewable is now the controlling shareholder of
Western Wind, Brookfield Renewable has written to the Western Wind
board of directors requesting an orderly transition of the Western
Wind board of directors.  
How to Tender Shares to the Offer  
Western Wind shareholders are urged to tender their shares before it
expires at 5:00 p.m. (EST) on March 7, 2013 by following the
instructions provided in the Offeror's take-over bid circular dated
November 26, 2012, which has been filed on SEDAR.  
For further information on the Offer, please contact CST Phoenix
Advisors, Brookfield Renewable's information agent for the Offer, by
toll free phone at 1-800-336-5159 or by email at
inquiries@phoenixadvisorscst.com. 
Brookfield Renewable Energy Partners (TSX:BEP.UN) operates one of the
largest publicly-traded, pure-play renewable power platforms
globally. Its portfolio is primarily hydroelectric and totals
approximately 5,300 megawatts of installed capacity. Diversified
across 69 river systems and 11 power markets in the United States,
Canada and Brazil, the portfolio generates enough electricity from
renewable resources to power more than two million homes on average
each year. With a virtually fully-contracted portfolio of
high-quality assets and strong growth prospects, the business is
positioned to generate stable, long-term cash flows supporting
regular and growing cash distributions to shareholders. For more
information, please visit www.brookfieldrenewable.com.
Contacts:
Investor Contact:
Brookfield Renewable Energy Partners L.P.
Zev Korman
Director, Investor Relations
(416) 359-1955
zev.korman@brookfield.com 
Media Contact:
Brookfield Renewable Energy Partners L.P.
Andrew Willis
SVP, Communications and Media
(416) 369-8236
andrew.willis@brookfield.com
 
 
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