Just Energy Group Inc. announced that it will redeem the outstanding $94,652,000 (all $ Canadian) principal amount of its 6.0% Convertible Debentures scheduled to mature on June 30, 2017 (the "Debentures") on February 21, 2017 (the "Redemption Date").

On the Redemption Date, Just Energy will pay in cash to the holders of Debentures, a redemption price equal to $1,008.5479 for each $1,000 principal amount of Debentures, being equal to the aggregate of $1,000 principal amount and all accrued plus unpaid interest thereon to but excluding the Redemption Date, in each case less any taxes required to be deducted or withheld.

Commenting on the redemption, Just Energy CFO Patrick McCullough said, "Completing the early redemption of the remaining June 2017 convertible debentures is a significant milestone in our strategic reset of the company's debt profile. Today's announcement supports our ongoing commitment to achieving and maintaining a strong, stable balance sheet, while pursuing strategic growth."

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