TORONTO – Just Energy Group Inc. (‘Just energy‘or the’ Company ‘) (TSXV: JE; OTC: JENGQ), a retail energy supplier specializing in electricity and natural gas, which today offers energy efficient solutions, carbon offsets and options. renewable energy to its customers, as well as to its affiliates Just Energy Texas LP, Fulcrum Retail Energy LLC, and Hudson Energy Services LLC, took legal action against the Texas Electrical Reliability Council (‘ERCOT‘) and the Texas Utilities Commission in the United States Bankruptcy Court for the Southern District of Texas.

The lawsuit seeks to recover payments made by the Just Energy parties to ERCOT for certain invoices relating to February 2021, when a historically severe winter storm known as “Uri Winter Storm” severely damaged Texas’ energy generating resources. As previously reported, the Just Energy Parties and some of their affiliates filed lawsuits under Chapter 15 of the United States Bankruptcy Code on March 9, 2021 in the Texas Bankruptcy Court.

FTI Consulting Canada Inc. (the “Monitor”) oversees the proceedings of the Company under the Companies’ Creditors Arrangement Act (“CCAA”) as a court appointed monitor. Further information regarding the CCAA proceedings and the prosecution is available on the Monitor’s website at http://cfcanada.fticonsulting.com/justenergy. Information regarding CCAA proceedings may also be obtained by calling the Monitor’s hotline at 416-649-8127 or 1-844-669-6340 or by email at [email protected]

On Just Energy Group Inc.

Just energy is a retail energy supplier specializing in electricity and natural gas, providing energy efficient solutions, carbon offsets and renewable energy options to customers. Currently active in United States and Canada, Just energy serves residential and commercial customers. Just energy is the parent company of Amigo Energy, Filter group, Hudson Energy, Interactive energy group, Tara Energy and TerraPass.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including, without limitation, statements regarding the lawsuit against ERCOT and PUCT and the amounts that the Company seeks to recover in connection with such legal action. These statements are based on current expectations which involve several risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks relating to: when the trial is to proceed and which will be determined by the Texas Bankruptcy Court or otherwise settled; the outcome of the trial, including whether such trial is determined adversely to the Just Energy parties or dismissed by the courts; whether the parties to Just Energy will be able to recover any amounts under the lawsuit; the Company’s ability to continue to operate; the outcome of proceedings under the CCAA and similar legislation in United States; the outcome of the Lawsuit and any other potential litigation regarding the February 2021 extreme weather event in Texas (the “Weather Event”), the final amount, if any, received by the Company in respect of funding mechanisms to recover certain costs incurred during the Weather Event, the result of any dispute over the invoice with the ERCOT; the Company’s discussions with key stakeholders regarding the CCAA proceedings, restructuring and its outcome; the impact of the evolution of the COVID-19 pandemic on the Company’s activities, operations and sales; dependence on suppliers; uncertainties relating to the ultimate spread, severity and duration of COVID-19 and related negative effects on the economies and financial markets of the countries in which the Company operates; the Company’s ability to successfully implement its business continuity plans with respect to the COVID-19 pandemic; the Company’s ability to access sufficient capital to provide liquidity to manage its cash requirements; general economic, business and market conditions; management’s ability to execute its business plan; customer consumption levels of natural gas and electricity; extreme weather conditions; client additions and renewals rate; customer credit risk; customer attrition rate; fluctuations in the prices of natural gas and electricity; interest and exchange rates; actions taken by government authorities, including regulation of energy marketing; tax increases and changes in government regulations and incentive programs; changes in regulatory regimes; the results of litigation and decisions of regulatory authorities; competition and dependence on certain suppliers. Additional information about these and other factors that could affect Just energy operations or financial results are included in Just energy annual information form and other reports filed with Canadian securities regulators which can be viewed on the SEDAR website at www.sedar.com and on the United States Securities Commission website at www.sec.gov or via Just energy website at www.investors.justenergy.com.

Any forward-looking statement made by Just energy in this press release is only valid as of the date on which it is made. Just energy does not undertake to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Contact:

michael cumming

Phone. : (617) 982-0475

Email: [email protected]