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Press release from Business Wire

Octavian Responds to EnerCare's Board-Packing Scheme

<p class='bwalignc'> <b>Criticizes Company for Taking Actions to Disenfranchise Shareholders</b> </p>

Wednesday, March 21, 2012

Octavian Responds to EnerCare's Board-Packing Scheme08:00 EDT Wednesday, March 21, 2012 NEW YORK (Business Wire) -- Octavian Advisors, LP, the largest shareholder of EnerCare Inc. (TSX: ECI), which owns approximately 13% of EnerCare's outstanding common shares, today responded to EnerCare's appointing of two hand-picked directors in the past week to its Board of Directors ahead of the special meeting of shareholders on April 30, 2012. Richard Hurowitz, Chairman and Chief Executive Officer of Octavian, said, “The decision to appoint two new directors to EnerCare's Board less than two months before the shareholder meeting is a blatant and transparent ‘Board-packing' scheme designed to further entrench the current Board and disenfranchise the true owners of EnerCare – its shareholders.” Mr. Hurowitz continued, “EnerCare shareholders deserve to be represented by a Board that is focused on maximizing value and not on furthering its own self-interests. We urge our fellow shareholders to demand change at EnerCare by electing Octavian's independent, highly qualified nominees to EnerCare's Board.” 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 approximately $1 billion for leading endowments, foundations, pension funds, family offices and institutions. Investor Contacts:Mackenzie Partners, Inc.Larry Dennedy, 212-929-5239ldennedy@mackenziepartners.comCharlie Koons, 212-929-5708ckoons@mackenziepartners.comorMedia Contact:Sard Verbinnen & CoJonathan Doorley, 212-687-8080jdoorley@sardverb.com