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Press release from Business Wire

Octavian Criticizes EnerCare's Failure to Call Special Meeting of Shareholders

<p class='bwalignc'> <b>EnerCare's Board Again Demonstrates its Entrenchment by Refusing to Call a Special Meeting Requisitioned by its Largest Shareholder</b> </p>

Wednesday, December 28, 2011

Octavian Criticizes EnerCare's Failure to Call Special Meeting of Shareholders16:38 EST Wednesday, December 28, 2011 NEW YORK (Business Wire) -- Octavian Advisors, LP, the largest shareholder of EnerCare Inc. (TSX: ECI), which exercises control or direction over securities representing approximately 13% of EnerCare's outstanding common shares, today criticized EnerCare's Board of Directors for rejecting Octavian's requisition for a Special Meeting of Shareholders. “We are extremely disappointed, but unfortunately not surprised, that EnerCare's Board has once again failed to act in the best interests of the company and its shareholders. We have validly requisitioned a special meeting and the Board is seeking to deprive shareholders a voice in determining the company's future, as good corporate governance requires,” said Richard Hurowitz, Chairman and Chief Executive Officer of Octavian. “EnerCare's Board continues to demonstrate its entrenchment and anti-shareholder stance. It is obvious the Board will go to great lengths to maintain the status quo to the detriment of the company and all of EnerCare's shareholders. We will examine all available options to exercise our rights and ensure that the true owners of EnerCare – its shareholders – are heard and we will hold the Board accountable.” Octavian is being advised on this matter by Goodmans LLP and Covington & Burling LLP, and has retained Mackenzie Partners, Inc. as its proxy solicitor. About Octavian Advisors, LP Octavian Advisors, LP is a global investment firm with offices in New York and London. The firm focuses on special situations and distressed investments in international markets, and has successfully invested in over 40 countries on six continents. Octavian currently manages $1 billion for leading endowments, foundations, pension funds, family offices and institutions. Investor Contacts:Mackenzie Partners, Inc.Larry Dennedy, 212-929-5239ldennedy@mackenziepartners.comorCharlie Koons, 212-929-5708ckoons@mackenziepartners.comorMedia Contacts:Sard Verbinnen & CoDenise DesChenes/Jonathan Doorley212-687-8080jdoorley@sardverb.com