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Last updated on April 23, 2014 at 13:36 EDT

Savitr has no material interest to seek higher share price

September 13, 2012

TSX.V Symbol: “WND”
OTCQX Symbol: “WNDEF”
Issued and Outstanding: 68,427,401

VANCOUVER, Sept. 13, 2012 /PRNewswire/ – Western Wind Energy Corp. – (the “Company” or “Western Wind”) (TSX Venture Exchange – “WND”)
(OTCQX – “WNDEF”) reports that the following facts verify that Savitr
is clearly not motivated to obtain a higher share price:

        --  In the various public statements made by Savitr, they all
            disclose that none of the dissident nominees own any shares of
            Western Wind.  Such public statements include Savitr's own news
            releases and materials Savitr mailed out to Western Wind
            shareholders.  Out of all of the dissident nominees, only Mr.
            Midler purports to control, certain shares through funds
            managed by Savitr Capital, LLC. These Savitr funds are located
            in the Cayman Islands.  The number of shares Mr. Midler claims
            to own in his public statements is much higher than appears on
            the shareholders' list.  The shareholders' list indicates that
            his indirect shareholdings through funds located in the Cayman
            Island are approximately one (1) million shares; and
        --  The purported shareholdings of the dissident, being the one (1)
            million shares held through funds located in the Cayman
            Islands, are completely exempt from taxation.  Therefore, it is
            a fact that the dissident has less incentive to maximize value
            on a sale of the Company as its return is not impacted by tax
            considerations. Unlike typical Canadian and US shareholders,
            the dissident has 40% to play with.  Canadian and US
            shareholders pay taxes on their earnings or capital gains from
            share proceeds.

Jeff Ciachurski, CEO of Western Wind states “Mr. Midler is quite aware of the consequences to the remaining Western
Wind shareholders if his slate gets elected.  Savitr and the dissidents
will not be able to complete any of the necessary project milestones in
Yabucoa or elsewhere, which will severly diminish the sale price.  If
Savitr’s dissident board get elected, there is no material benefit for
any of the large incumbent voting block to be supporting the dissident
directors.  The concept of a wholesale liquidation of share positions
from the incumbent voting block remains very real, after which, Savitr
will be left dealing with serious issues that it will not be able to
mitigate. Western Wind is not a plug and play enterprise.

Voting Instructions

Western Wind urges shareholders to support the current Board of
Directors and the sale process currently underway. Vote only the YELLOW
proxy and ensure Western Wind receives it prior to Friday, September
21, 2012 at 10:00 a.m. (Vancouver Time). Please do not vote using the
dissident proxy. Western Wind’s letters to shareholders, management information circular
and other proxy materials can be found on Western Wind’s website: www.westernwindenergy.com
. Please check the website regularly for current information regarding
the sale process and the shareholder meeting.

If you have any questions and/or need assistance in voting your shares,
please call Laurel Hill Advisory Group LLC at 1-877-452-7184 or via
email at assistance@laurelhill.com.

ABOUT WESTERN WIND ENERGY CORP.

Western Wind is a vertically integrated renewable energy production
company that owns and operates wind and solar generation facilities
with 165 net MW of rated capacity in production, in the States of
California and Arizona.  Western Wind further owns substantial
development assets for both solar and wind energy in the U.S. The
Company is headquartered in Vancouver, BC and has branch offices in
Scottsdale, Arizona and Tehachapi, California.  Western Wind trades on
the Toronto Venture Exchange under the symbol “WND”, and in the United
States on the OTCQX under the symbol “WNDEF”.The Company owns and
operates three wind energy generation facilities in California, and one
fully integrated combined wind and solar energy generation facility in
Arizona.  The three operating wind generation facilities in California
are comprised of the 120MW Windstar, the 4.5MW Windridge facilities in
Tehachapi, and the 30MW Mesa wind generation facility near Palm
Springs.  The facility in Arizona is the Company’s 10.5MW Kingman
integrated solar and wind facility.  The Company is further developing
wind and solar energy projects in California, Arizona, and Puerto Rico.

ON BEHALF OF THE BOARD OF DIRECTORS

“SIGNED”

Jeffrey J. Ciachurski
President & Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain statements that may be considered
“forward-looking statements, such as references to the intended sale of
Western Wind and its assets. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar
expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. The forward-looking statements in this press
release include statements regarding the intention of the Company to
complete the sale of the Company or its assets and the development of
the Yabucoa Project. The forward-looking statements included in this
press release are based on reasonable assumptions, including that the
Company will be able to successfully identify a prospective buyer,
negotiate the terms of sale and satisfy all conditions required to
complete the sale, and that the Company will be able to successfully
develop the Yabucoa Project as anticipated or at all. Factors that may
cause results to vary from anticipations include the risk that the
Company is not able to successfully develop the Yabucoa Project, that
the Company may not be able to successfully identify a buyer, negotiate
acceptable terms or obtain all applicable government, regulatory and
shareholder consents required to complete the sale, that the terms of
those consents may not be acceptable to the Company, or, assuming the
Company is able to successfully complete the sale, the Company is not
able to achieve expected results following such sale. Although Western
Wind believes the expectations expressed in the forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ
materially from those contained in forward looking statements. Forward
looking statements are based on the beliefs, estimates and opinions of
Western Wind’s management on the date the statements are made. Western
Wind undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change, except as required by law.

SOURCE Western Wind Energy


Source: PR Newswire