Brookfield Renewable Announces Record Date for Unit Split of Brookfield Renewable Corporation - Seite 3

Trades in “BEP WI” and “BEP.W” on the NYSE and TSX, respectively, will include BEP units only (i.e., should trade on a split-adjusted basis), allowing a holder to sell BEP units post-split without concurrently selling the entitlement to receive the Shares on July 30, 2020. Accordingly, trades in “BEP WI” or “BEP.W” on or after July 24, 2020 allow a person to trade BEP units without trading any right to receive any Shares pursuant to the special distribution.

Beginning on July 30, 2020, BEPC and BEP will trade under their respective symbols on both exchanges.

Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 19,000 megawatts of installed capacity and a 14,000 megawatt development pipeline. Brookfield Renewable is listed on the New York and Toronto stock exchanges. Brookfield Renewable Partners is listed on the New York and Toronto stock exchanges. Further information is available at bep.brookfield.com.

Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $515 billion of assets under management. For more information, go to www.brookfield.com.

For more information, please contact:

Media: Claire Holland Vice President, Communications Tel: [phone] Email: [e-mail]

Investors: Cara Silverman Manager, Investor Relations Tel: [phone] Email: [e-mail]

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words “will”, “expect”, “anticipated” or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects, and which do not relate to historical matters, identify forward-looking statements. Forward-looking statements in this news release include statements regarding BEPC, the special distribution of the Shares, the ability of Brookfield Renewable to attract new investors and the completion of the TERP acquisition. Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable and BEPC are subject to a number of known and unknown risks and uncertainties. In particular, the distribution of the Shares requires final stock exchange approval, which has not yet been received. Factors that could cause actual results of BEPC or Brookfield Renewable to differ materially from those contemplated or implied by the statements in this news release include the fact that there can be no assurance that the NYSE or the TSX will approve the listing of the Shares, the TERP acquisition will be completed and of the expected trading price of the BEP units and the Shares, including during the due bill period or on the when-issued markets, as well as other risks and factors described in the documents filed by Brookfield Renewable with securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Renewable’s most recent Annual Report on Form 20-F and other risks and factors that are described therein and that are described in BEP’s and BEPC’s joint registration statement on Form F-1/F-4 (File Nos. 333-234614 and 333-234614-01) (the “F-1/F-4”), as filed with the Securities and Exchange Commission (“SEC”) as an amendment to Form F-1, and the final prospectus in Canada filed in connection with the distribution of the Shares. Except as required by law, Brookfield Renewable undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.