/C O R R E C T I O N from source — Hydro-Quebec/

Please note that c4853 issued at 15:09e today has been updated. Revised
copy follows:

Hydro-Québec – Issue of debentures 5.00% due February 15, 2050 on the
Canadian market

MONTREAL, Nov. 29, 2012 /CNW Telbec/ – Hydro-Québec announces that it
has negotiated on the Canadian domestic market the issue of
CA$500,000,000 of debentures, Series JN, maturing on February 15, 2050.

The debentures, with a coupon of 5.00%, payable semi-annually, will be
offered on the market at a price of 130.962 plus interest deemed to
have accrued from August 15, 2012. The yield is 3.504%.

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

This is the eleventh additional tranche of Debentures, Series JN, issued
initially on January 15, 2009 and the total aggregate principal amount
of debentures outstanding under this series now amounts to
CA$6,000,000,000.

SOURCE HYDRO-QUEBEC