The new tax rules for “specified investment flow-through entities” (“SIFTs”) will apply to Gaz Métro Limited Partnership (« Gaz Métro ») as of October 1, 2010 and would transfer the payment of income taxes to Gaz Métro (presently paid by each Partner) at the corporate tax rate and treat after-tax income distributions as dividends for tax purposes.

In its present form, this amendment would reduce Gaz Métro's distributable net income because it would be after income taxes.

In this context, the Board of Directors of Gaz Métro inc. (« GMi »), in its capacity as General Partner of Gaz Métro, has analyzed all possible options and has retained, upon recommendation by the independent committee of the Board, the best scenario in the interest of all Partners (unitholders). This independent Board committee, composed solely of independent directors, was created to assess how the options would impact the public unitholders.

• Video Presentation by Sophie Brochu, President and Chief Executive Officer on the Corporate Reorganization

  
  
  
  

• Information Circular

             PDF Document

• Election form

             PDF Document

• Notice of special meeting of unitholders to be held on September 14, 2010

       PDF Document

• Proxy

             PDF Document

• Press release

       Montreal June 22 2010, Gaz Métro announces Corporate Reorganization
  
  

• Gaz Métro's Response to Tax Fairness Plan (SIFT Rules) : Creation of Valener Inc.

        Investor Presentation (PDF)
  
  

• Proposed corporate reorganization (slide show)
  
  

  
  
  

• Proposed Corporate Reorganization Fact Sheet

       PDF Document
  
  

• Frequently asked questions

  Answers to the most frequent questions regarding the proposed corporate reorganization (PDF).
  You can also consult the Investor's FAQ section.
  
  

Gaz Métro Overview

With over $3.6 billion in assets, Gaz Métro is Quebec's leading natural gas distributor. Operating in this regulated industry for over 50 years, Gaz Métro has become the trusted energy provider to some 180,000 customers in Quebec and 136,000 customers in Vermont while developing the skills and expertise needed to diversify beyond natural gas. Gaz Métro's prudent growth strategy has been marked by the successful entry into electricity distribution in Vermont and development of wind power projects in Quebec. Offering historically strong and stable distributions and showing a competitive spirit, Gaz Métro is committed to its customers, Partners, employees and the community. Gaz Métro's units are listed on the Toronto Stock Exchange under the symbol GZM.UN.