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TORONTO, Dec. 6 /CNW/ - TD Capital Group Limited ("TD Capital") announced today that, concurrently with the closing of the initial public offering of Innergex Renewable Energy Inc. ("Innergex"), it has acquired, by way of private placement, ownership and control over 2,544,009 common shares of Innergex (the "Shares") representing approximately 10.8% of Innergex's currently outstanding Shares. This news release is being issued under the early warning provisions of Canadian provincial securities legislation. TD Capital has subscribed for the Shares for investment purposes only. Depending on market conditions and other factors, TD Capital may in the future acquire Shares or other securities of Innergex, in the open market or in privately negotiated purchases or otherwise, and may also, depending on then-current circumstances, dispose of all or a portion of the Shares or other securities of Innergex, in one or more transactions, in each case to the extent then permitted by applicable law and regulation. TD Capital, subject to certain exceptions, has agreed that it will not, without the prior consent of BMO Nesbitt Burns Inc. and CIBC World Markets Inc. (on behalf of the underwriters to the initial public offering of Innergex), which consent may not be unreasonably withheld, sell or issue Shares, or grant any options, warrants or other rights to acquire any Shares for a period of 12 months following the issuance of the Shares to TD Capital. The address of TD Capital as well as the name and telephone number of an individual to contact in order to obtain a copy of the early warning report of TD Capital are as follows: TD Capital Group Limited TD Waterhouse Tower, 6th Floor 79 Wellington Street West Toronto, Ontario M5K 1A2 Tel: (416) 982-6639 Contact: Richard H. Greene, Managing Director For further information: Richard H. Greene, Managing Director, Tel: (416) 982-6639

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