Montréal, February 20, 2025

Hydro-Québec – Issue of Medium Term Notes 3.55% Due September 1, 2032 on the Canadian Market

Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of new notes totaling CA$750,000,000, Series 0091 maturing on September 1, 2032, under its Canadian Medium Term Note Programme.

The notes, with a coupon of 3.55% payable semi-annually, will be offered on the market at a price of 99.843 plus interest deemed to have accrued from September 1, 2024. The yield is 3.574%.

The lead manager for this issue is National Bank Financial Inc. with Desjardins Securities Inc. and RBC Dominion Securities Inc. acting as co-lead managers, and BMO Nesbitt Burns Inc. Casgrain & Company Limited, CIBC World Markets Inc., Laurentian Bank Securities Inc., Scotia Capital Inc. and The Toronto-Dominion Bank, acting as other managers.

This is a new issue designated as Series 0091.