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Just Energy Announces Proposed Plan For Emergence From Bankruptcy; Cash Payments Or Equity To Certain Creditors; Resulting Company To Be Private

Just Energy Group Inc. ('Just Energy' or the 'Company') announced that it has entered into a Support Agreement and a Backstop Commitment Letter (each as defined below) with certain of its principal stakeholders, which provides for a comprehensive restructuring and recapitalization transaction that will be implemented pursuant to a plan of compromise and arrangement (the 'Plan') under the Companies’ Creditors Arrangement Act (the 'CCAA').

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