Crius Energy Trust (TSX: KWH.UN) (the "Trust", "Crius" or the "Company") announced that the Toronto Stock Exchange (the "TSX") has approved the Trust's notice of intention to make a normal course issuer bid (the "NCIB Program").

Under the terms of the NCIB Program, Crius may acquire up to 4,425,557 of its trust units ("Trust Units") from time to time in accordance with the normal course issuer bid procedures of the TSX. Any repurchases under the NCIB Program will be made in Canada through the facilities of the TSX.

Repurchases under the NCIB Program may commence on March 29, 2018 and will terminate on March 28, 2019 or on such earlier date as the NCIB Program is complete. Purchases of Trust Units under the NCIB Program will be made in Canada through the facilities of the TSX in accordance with its rules. Daily purchases will be limited to 45,312 Trust Units, other than block purchase exemptions, representing 25% of the average daily trading volume of the Trust Units on the TSX for the six month period ending February 28, 2018, being approximately 181,249 Trust Units.

The price that the Trust may pay for any Trust Units purchased under the NCIB Program will be the prevailing market price at the time of purchase and any Trust Units purchased by the Trust will be cancelled. The board of directors of Crius Energy Administrator Inc., in its capacity as administrator for and on behalf of the Trust, believes that the underlying value of the Trust may not be reflected in the market price of the Trust Units from time to time and that, accordingly, the purchase of Trust Units will increase the proportionate interest in the Trust of, and be advantageous to, all remaining unitholders of the Trust.

As of March 22, 2018, there were 57,030,067 Trust Units issued and outstanding. The 4,425,557 Trust Units that may be repurchased under the NCIB Program represent approximately 10% of the public float of the Trust as of March 22, 2018, being 44,255,570 Trust Units.

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