Just Energy receives shareholder proposals and confirms Toronto Stock Exchange strategic review: JE

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) – Just Energy Group Inc. (Just Energy) or (the Company) (TSX: JE; NYSE: JE) confirms that it received two shareholder proposals on February 28, 2020, the deadline for shareholder proposals to be included in the management information circular for the 2020 annual general meeting of shareholders of the Company, by the Robert L. Snyder Trust 2005 Stream (Snyder). In accordance with shareholder proposals, Snyder has proposed to increase the number of Just Energy directors from six to eight and to nominate six directors who are candidates for election to the Just Energy board of directors. . (table) at the company's 2020 annual shareholders meeting.

Just Energy appreciates the constructive contribution of all of its stakeholders. As a result, the board, together with the company's financial and legal advisers, will review and assess the shareholders' proposals. For the moment, no action is taken by the shareholders following the shareholders' proposals. The Company will inform the shareholders in due course.

Just Energys previously announced that the strategic review remains active and the company expects to announce the outcome of this review by June 30, 2020.

About Just Energy Group Inc.

Just Energy is a consumer business focused on basic needs, including electricity and natural gas products; health and well-being, such as water quality and filtration devices; and conservation of public services, providing consumers with energy efficient solutions and renewable energy options. Currently in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy and TerraPass. Visit https://investors.justenergy.com to learn more. Find us also onFacebookand follow us onTwitter.

FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements, including, but not limited to, statements and information regarding shareholder proposals and actions to be taken, as well as strategic review and the timing of their outcome. These statements are based on current expectations which involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, the company's ability to improve its operations by increasing efficiency and reducing costs, the success of cost reductions and optimization efforts. the company, the company's ability to reduce selling, marketing and general and administrative expenses and the amount of these reductions and their impact on the company's current fiscal year, the company's ability to identify new opportunities to improve its cost structure, general economic and market conditions, customers' levels of natural gas and electricity consumption, customer add-on and renewal rates, Customer attrition, fluctuations in natural gas and electricity prices, changes to regulatory regimes, results of litigation and decisions of regulatory authorities, competition and spending dance vis-à-vis certain suppliers. Additional information on these and other factors that could affect the business, financial results or dividend levels of Just Energys is included in the Just Energys Annual Information Form and other reports filed with Canadian securities regulatory authorities, available on the SEDAR website at www.sedar.com on the U.S. Securities and Exchange Commissions website at www.sec.gov or via the Just Energys website at www.justenergygroup.com.

Neither the Toronto Stock Exchange nor the New York Stock Exchange has approved or disapproved of the information contained in this document.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jim Brown
Financial director
Just Energy
713-544-8191
[email protected]

or

Investors
Michael Cummings
Alpha IR
Tel: (617) 982-0475
[email protected]

Media
Boyd erman
Longview Communications
Tel: 416-523-5885
[email protected]