Just Energy Credit Agreement

TORONTO, July 02, 2020 (GLOBE) — Just Energy Group Inc. ("Just Energy" or The Company) (TSX:JE) (NYSE:JE) announced today that it has changed its secured credit facility, to increase the senior debt rate to EBITDA from 1.50:1 to 2.00:1 and total debt in EBITDA-Bund from 3.50:1 to 4.00:1 compared to the quarter of activity ending June 30 , from 3.50:1 to 4.00:1. , 2020. In addition, the lenders waived compliance with preferred EBITDA debt and the overall commitments to EBITDA agreements for the quarter ended June 30, 2020, as part of the Company`s first unsecured long-term loan facility. This press release may contain forward-looking statements, including, but not limited to, statements and information about the impact of the COVID 19 pandemic on the company`s financial reports and operations, as well as the date of submission of annual bids. These statements are based on current expectations that result in a number of risks and uncertainties that could cause actual results to differ from those expected, and the Company undertakes no commitment to update or revise any forward-looking statements. These risks include, among others, the impact of the developing COVID 19 pandemic on the company`s operations, operations and turnover, including risks related to supplier dependence, uncertainties regarding the final dispersion, severity and duration of COVID-19, and the resulting 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 for the COVID-19 pandemic. , the company`s ability to expand its credit facility, the company`s ability to reduce sales, marketing and management costs and the quantifications of these reductions and their impact on the current business year, the company`s ability to identify other ways to improve its cost structure, general economic and business conditions, natural gas levels and customers` electricity consumption. , customer access and renewal rates, customer wear rates, fluctuations in natural gas and electricity prices, changes in regulatory systems, litigation results and regulatory decisions, competition and dependence on certain suppliers.