Brookfield Renewable (BEPC) Special Meeting Of Shareholders summary

Opening remarks and agenda

• Chair welcomed shareholders and opened the special meeting at 10:00 A.M. in Toronto.

• Meeting convened to address a proposed reorganization via a Plan of Arrangement.

• Only item of business was the approval of the Arrangement Resolution.

Specific resolutions to be voted on

• Special resolution to approve the arrangement, as detailed in Appendix A of the Management Information Circular.

• Arrangement aims to maintain business structure benefits and address Canadian tax law amendments.

• Approval requires at least 66 and two-thirds percent of votes from each class of shares, both together and separately.

Corporate governance

• Class A shares collectively hold 25% of votes; Class B shares, held by a subsidiary, hold 75%.

• Meeting held pursuant to an order of the Supreme Court of British Columbia.

• Board recommended voting in favor of the arrangement.