Just Energy Group Inc. ("Just Energy" or the "Company") announced today that it has repurchased US$21,800,000 in aggregate principal amount of its 6.50 percent convertible bonds due July 2019 (the "Bonds") through open market repurchases (the "OMR").

The OMR was funded through the financing announced by the Company on September 12, 2018. All Bonds repurchased pursuant to the OMR have been submitted for cancellation. Holders located in or resident in Canada were required to provide a signed confirmation and consent in the form approved by the Ontario Securities Commission in order for the Company to repurchase their Bonds.

The Company previously repurchased an aggregate principal amount of US$45,600,000 of the Bonds, as announced on September 19, 2018, and $60,200,000 as announced on February 21, 2019. As of March 22, 2019, Bonds having an aggregate principal amount of US$22,400,000 remain outstanding.

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