Registered shareholders are shareholders whose name appears on the physical share certificate that represents their shares. To enrol in the Plan, eligible registered shareholders may contact Canadian Stock Transfer Company Inc., administrative agent for CIBC Mellon Trust Company, at 1-800-387-0825 and complete the enrolment form.Non-registered shareholders are shareholders whose shares are held on their behalf by a securities broker, dealer, bank, trust company or other financial institution. To enrol in the Plan, eligible non-registered shareholders must contact the intermediary who is holding their shares. The text of the Plan is available in its entirety in the "Investors" section of Valener's website ( www.valener.com). About Valener Valener owns an economic interest of approximately 29% in Gaz Métro Limited Partnership ("Gaz Métro"). Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the wind power projects developed with Gaz Métro and Boralex Inc. on the private lands of Séminaire de Québec. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com SOURCE VALENER INC.