TMXgroup

March 8, 2010

Brookfield Renewable Power Preferred Equity Inc. - An application has been granted for the original listing in the Industrial category of 10,000,000 Class A Preference Shares, Series 1 (the "Series 1 Shares") of Brookfield Renewable Power Preferred Equity Inc. (the "Company"), which will be issued pursuant to a short form prospectus dated March 3, 2010 (the "Prospectus") at a price of $25 per Series 1 Share. Listing of the Series 1 Shares will become effective at 5:01 p.m. on Tuesday, March 9, 2010 in anticipation of the initial public offering (the "Offering") closing on Wednesday, March 10, 2010.

The Company is a wholly-owned subsidiary of Brookfield Renewable Power Fund (the "Fund") (Symbol: BRC.UN). The Series 1 Shares will be fully and unconditionally guaranteed by the Fund.

Stock Symbol: BRF.PR.A
CUSIP: 11283Q 20 6
Trading Currency: CDN $

Other Markets: None

Designated Market Maker: Independent Trading Group

Head Office Address: Brookfield Place
181 Bay Street
Suite 300
Toronto, Ontario M5J 2T3

Email Address: unitholderenquiries@brpfund.com

Website Address: www.brpfund.com

Head Office Telephone Number: (416) 359-1955

Toll Free Number: 1-888-327-2722

Fax Number: (416) 363-2856

Investor Relations: Zev Korman
(416) 359-1955
zkorman@brookfield.com

Incorporation: The Company was established on February 10, 2010 under the Canada Business Corporations Act. The Fund was established in 1999 as Great Lakes Hydro Income Fund as an unincorporated open-ended trust under the laws of the Province of Québec. The Fund changed its name to Brookfield Renewable Power Fund on August 31, 2009.

Fiscal Year End: December 31

Chief Financial Officer: Donald Tremblay

Corporate Secretary: Patricia Bood

Nature of Business: The Company is a wholly-owned subsidiary of the Fund. The Company will loan the net proceeds of the Offering to the Fund (the "Loan"). Other than the Loan, the Company will have no significant assets or liabilities and will not have any ongoing business operations of its own.

The Fund indirectly owns and operates a diversified portfolio of long-life power generating assets that produce electricity exclusively from environmentally friendly and renewable resources with a predominant focus on hydroelectric plants in Canada and the U.S.

Transfer Agent & Registrar CIBC Mellon Trust Company at its principal office in Montréal.

Additional information on the Series 1 Shares may be found in the Prospectus, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.

Registration of interests in and transfers of the Series 1 Shares will be made only through a book entry only system administered by CDS Clearing and Depository Services Inc. ("CDS"). Series 1 Shares must be purchased, transferred and surrendered for conversion or redemption through a participant in CDS. All rights of an owner of Series 1 Shares must be exercised through, and all payments or other property to which such owner is entitled will be made or delivered by, CDS or the CDS Participant through which the owner holds Series 1 Shares.

The following is a summary of some of the principal provisions of the Series 1 Shares. Reference should be made to the Prospectus for details:

Dividends: During the Initial Fixed Rate Period, the holders of the Series 1 Shares will be entitled to receive fixed cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the last day of January, April, July and October in each year during the Initial Fixed Rate Period (or if such date is not a business day, the immediately following business day), at an annual rate equal to $1.3125 per share. The initial dividend will be payable April 30, 2010 and will be $0.1834 per share, based on the anticipated Closing Date of March 10, 2010.

During each Subsequent Fixed Rate Period, the holders of Series 1 Shares will be entitled to receive fixed cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the last day of January, April, July and October in each year during the Subsequent Fixed Rate Period (or if such date is not a business day, the immediately following business day), in an annual amount per share determined by multiplying the Annual Fixed Dividend Rate applicable to such Subsequent Fixed Rate Period by $25. The Annual Fixed Dividend Rate for any Subsequent Fixed Rate Period, will be the rate (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the Government of Canada Yield on the applicable Fixed Rate Calculation Date plus 2.62%.

Redemption: The Series 1 Shares will not be redeemable by the Company prior to April 30, 2015. On April 30, 2015 and on April 30 every five years thereafter (or, if such date is not a business day, the immediately following business day), and subject to certain other restrictions set out in the Prospectus, the Company may, at its option, on at least 30 days and not more than 60 days prior written notice, redeem all or from time to time any part of the outstanding Series 1 Shares by payment in cash of a per share sum equal to $25, in each case together with all accrued and unpaid dividends up to but excluding the date fixed for redemption (less any tax required to be deducted and withheld by the Company). The Series 1 Shares do not have a fixed maturity date and are not redeemable at the option of the holders of Series 1 Shares.

Conversion into Series 1 Shares: Holders of Series 1 Shares will have the right, at their option, on April 30, 2015 and on April 30 every five years thereafter (a "Series 1 Conversion Date"), to convert, subject to the restrictions on conversion described in the Prospectus and the payment or delivery to the Company of evidence of payment of the tax (if any) payable, all or any of their Series 1 Shares registered in their name into Class A Preference Shares, Series 2 (the "Series 2 Shares") on the basis of one Series 2 Share for each Series 1 Share. If a Series 1 Conversion Date falls on a day that is not a business day, such Series 1 Conversion Date shall be the immediately following business day. The conversion of Series 1 Shares may be effected upon written notice given by the registered holders of the Series 1 Shares not earlier than the 30th day prior to, but not later than 5 p.m. (Toronto time) on the 15th day preceding, a Series 1 Conversion Date. Once received by the Company, an election notice is irrevocable.

Automatic Conversion Provisions: Holders of Series 1 Shares will not be entitled to convert their shares into Series 2 Shares if the Company determines that there would remain outstanding on a Series 1 Conversion Date less than 1,000,000 Series 2 Shares, after having taken into account all Series 1 Shares tendered for conversion into Series 2 Shares and all Series 2 Shares tendered for conversion into Series 1 Shares. The Company will give notice in writing to all affected holders of Series 1 Shares of their inability to convert their Series 1 Shares at least seven days prior to the applicable Series 1 Conversion Date.

Furthermore, if the Company determines that there would remain outstanding on a Series 1 Conversion Date less than 1,000,000 Series 1 Shares, after having taken into account all Series 1 Shares tendered for conversion into Series 2 Shares and all Series 2 Shares tendered for conversion into Series 1 Shares, then, all, but not part, of the remaining outstanding Series 1 Shares will automatically be converted into Series 2 Shares on the basis of one Series 2 Share for each Series 1 Share, on the applicable Series 1 Conversion Date and the Company will give notice in writing to this effect to the then registered holders of such remaining Series 1 Shares at least seven days prior to the Series 1 Conversion Date.

The Series 2 Shares have been conditionally approved for listing on Toronto Stock Exchange ("TSX") at the end of the Initial Fixed Rate Period, which is anticipated to be on or about April 30, 2015, or at such other time the Series 2 Shares meet the listing requirements of TSX.