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TransAlta Renewables Inc. Reports on Voting Results from 2014 Annual Meeting of Shareholders

CALGARY, ALBERTA -- (Marketwired) -- 05/05/14 -- The Annual Meeting of Shareholders (the "Meeting") of TransAlta Renewables Inc. ("TransAlta Renewables" or the "Corporation") (TSX: RNW) was held on May 2, 2014 in Calgary, Alberta. A total of 102,966,260 common shares, representing 89.8% of the Corporation's outstanding common shares were represented in person and by proxy at the Meeting. Shareholders in attendance at the Meeting represented 1,950 common shares.

1.  Election of Directors

The six director nominees proposed by management were elected by a show of hands. Proxies were received as follows:

Nominee                     Votes For   Percent    Withheld    Percent
----------------------------------------------------------------------
David D. Drinkwater       102,412,587    99.64%     365,917      0.36%
Brett M. Gellner           97,924,433    95.28%   4,854,071      4.72%
Allen R. Hagerman         102,641,583    99.87%     136,921      0.13%
Cynthia Johnston           97,925,233    95.28%   4,853,271      4.72%
Kathryn A.B. McQuade      102,627,243    99.85%     151,261      0.15%
Paul H.E. Taylor           97,912,397    95.27%   4,866,107      4.73%

2.  Appointment of Auditors

The Appointment of Ernst & Young LLP to serve as the independent auditors for 2014 was approved by a show of hands. Proxies were received as follows:

   Votes For    Percent    Withheld    Percent
----------------------------------------------
 102,946,910     99.98%      17,400      0.02%

About TransAlta Renewables

TransAlta Renewables owns 29 wind and hydroelectric power generation facilities, having an aggregate installed generating capacity of 1,376 MW, in which it holds a net ownership interest of approximately 1,255 MW. TransAlta Renewables' power generating capacity is among the largest of any publicly-traded renewable independent power producer ("IPP") in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. 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. TransAlta Renewables objective is to (i) create stable, consistent returns for investors through the ownership of contracted renewable power generation assets that provide stable cash flow through long-term power purchase agreements with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable power generation sector; and (iii) pay out a portion of cash available for distribution to the shareholders of TransAlta Renewables on a monthly basis.

Contacts:
Investor inquiries:
TransAlta Renewables Inc.
Brent Ward
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
[email protected]

Media inquiries:
TransAlta Renewables Inc.
Stacey Hatcher
Manager, External Communications
Cell: 587-216-2242, Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540

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