Date Closed

May 5, 2010

Lead Office

Toronto

Value

330.00 Million CAD

On May 5, 2010, Just Energy Income Fund completed a public offering of C$330 million aggregate principal amount of 6.0% convertible extendible unsecured subordinated debentures. The offering was underwritten by a syndicate led by RBC Capital Markets, GMP Securities L.P. and CIBC World Markets Inc., as joint book runners, and included National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.

Just Energy Group Inc. (formerly Just Energy Income Fund and previously to that Energy Savings Income Fund) is a natural gas and electricity retailer operating in markets across North America.

McCarthy Tétrault LLP represented the syndicate of underwriters, with a team led by Jonathan Grant.