TransAlta Renewables’ strategy is focused on the efficient operation of its portfolio of renewable power generation assets and expanding its asset base through the acquisition of additional renewable power generation facilities in operation or under construction. Fourth Quarter and Full Year 2019 Results, TransAlta Renewables Reports Second Quarter 2020 Results. CALGARY, Alberta (August 9, 2013) – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) and TransAlta Renewables Inc. (“TransAlta Renewables” or “Renewables”) (TSX: RNW) announced today the completion of Renewables’ $200 million initial public offering (the “Offering”) of common shares (the “Common Shares”) at a price of $10.00 per Common Share (the “Offering Price”). Don't miss out! The net proceeds of the Offering were used by TransAlta Renewables to repay a portion of the indebtedness issued by Renewables in association with the indirect acquisition from TransAlta of 28 fully contracted wind and hydro power generation facilities, having an aggregate installed generating capacity of 1,234 MW, in which Renewables holds a net ownership interest of approximately 1,112 MW. 110 12th Avenue SouthwestPO Box 1900 Station “M”Calgary, AB T2P 2M1Canada403-267-7110http://www.transaltarenewables.com. persons” (as defined in Regulation S under the United States Securities Act of 1933, as amended) except pursuant to certain exemptions. The underwriters have been granted an over-allotment option to purchase up to an additional three million Common Shares at the Offering Price, exercisable in whole or in part, from time to time, for a period of up to 30 days after Closing (the “Closing”) which, if exercised in full, will increase the total gross proceeds of the Offering to $230 million. Brent Ward TransAlta Renewables has acquired 28 wind and hydroelectric power generation facilities, having an aggregate installed generating capacity of 1,234 MW, in which TransAlta Renewables has a net ownership interest of approximately 1,112 MW. Alternate local number: 403-267-2540. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time that a receipt for the final prospectuses or other authorization is obtained from the securities commission or similar regulatory authority in such province or territory. Completion of the Offering is subject to, and conditional upon, the receipt of all necessary approvals, including regulatory approvals. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation. TransAlta’s interest will be reduced to approximately 79.9% interest if the over-allotment option is exercised in full.

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