Pinnacle Renewable Energy to be Acquired by Drax Group

Pinnacle Shareholders to Receive All-Cash Consideration of C$11.30 per share Transaction Provides Immediate Liquidity and Certainty of Value Pinnacle Shareholders, including ONCAP, Holding 36% of the Outstanding Pinnacle Shares have Entered into Support Agreements IN FAVOUR of the Transaction Pinnacle’s Board Unanimously Recommends Shareholders Vote IN FAVOUR of the Transaction Pinnacle Renewable Energy Inc. (“Pinnacle” or the…