Boralex Power Income Fund Declares Cash Distribution Montréal (Québec), November 20, 2002 – Boralex Power Income Fund (the “Fund”) hastoday declared its monthly cash distribution in the amount of $0.0729 per trust unit. The distribution will be paid on December 23, 2002, to unitholders of record at the close of business on November 29, 2002. Power Income Fund is an unincorporated open-ended trust that indirectly owns and operates eight power generating stations located in the province of Québec producing energy from different sources including wood-residue ornatural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 131 MW. The Fund’s units are listed for trading on The Toronto Stock Exchange under the symbol BPT.UN. – 30 – For further information, please contact: Mr. Germain Lecours Vice-President and Chief Financial Officer Telephone: (514) 985-1348 Fax: (514) 985-1355 E-mail: glecours@cascades.com Mrs. Carole Villeneuve Communications Director Telephone: (514) 985-1353 Fax: (514) 985-1355 E-mail: cvilleneuve@cascades.com