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Press release from Marketwire

Brookfield Renewable Power Fund and Brookfield Renewable Power Inc. Announce Closing of Secondary Offering of Fund Units

Friday, October 29, 2010

Brookfield Renewable Power Fund and Brookfield Renewable Power Inc. Announce Closing of Secondary Offering of Fund Units08:50 EDT Friday, October 29, 2010TORONTO, ONTARIO and GATINEAU, QUEBEC--(Marketwire - Oct. 29, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBrookfield Renewable Power Fund (the "Fund") (TSX:BRC.UN) and Brookfield Renewable Power Inc. ("BRPI") today announced that they have completed their previously announced bought-deal secondary offering, with a syndicate of underwriters led by CIBC and Scotia Capital Inc., through which BRPI has sold 8,000,000 of its Fund units (including 1,000,000 units pursuant to the over-allotment option that was exercised in full) at an offering price of $21.85 per unit.BRPI now owns approximately 34% of the Fund units on a fully exchanged basis.About Brookfield Renewable Power Fund Brookfield Renewable Power Fund (www.brpfund.com) is a premier Canadian income fund and one of the largest power income funds in North America with more than 1,700 megawatts of power generating capacity and average annual production exceeding 6,500 gigawatt hours.The Fund produces electricity exclusively from environmentally friendly and renewable resources. The Fund indirectly owns or holds interests in 42 high quality hydroelectric generating stations and two wind farms in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England. Brookfield Renewable Power Inc., which comprises all of the power operations of Brookfield Asset Management, owns approximately 34% of the Fund's outstanding units on a fully-exchanged basis. The Fund's Units are listed for trading on the TSX under the symbol BRC.UN.About Brookfield Renewable Power Inc. Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities. Its total portfolio includes more than 165 generating facilities with approximately 4,200 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at www.brookfieldpower.com and Brookfield Asset Management's website at www.brookfield.com.For more information, please visit www.brpfund.com.FOR FURTHER INFORMATION PLEASE CONTACT: Zev KormanBrookfield Renewable Power FundDirector, Investor Relations and Communications(416) 359-1955zev.korman@brookfield.comwww.brpfund.com