Tyr Energy-Led Consortium Agrees to Purchase Interests in Four Power Projects

OVERLAND PARK, Kansas – Tyr Energy, Inc. (“Tyr”), John Hancock Financial Services (“John
Hancock”) and Prudential Capital Group, an investment business of Newark, N.J.-based Prudential
Financial (NYSE: PRU) (“Prudential”) announced today that they have agreed to purchase certain
interests in four electric generating projects owned by affiliates of Energy Investors Funds (“EIF”).
The four projects are the 275-megawatt (MW) Rathdrum Power Station near Rathdrum, Idaho; the 229-
MW Plains End Generating Station near Denver, Colorado; the 249-MW Whitewater cogeneration
project located in Whitewater, Wisconsin and the 245-MW Cottage Grove cogeneration project in
Cottage Grove, Minnesota. Each of the projects has long-term power purchase or tolling agreements in
place with local load serving entities.
Tyr, John Hancock and Prudential will acquire the interests through a special purpose vehicle. Tyr led the
transaction on behalf of the three partners and will assume asset management responsibilities for the
portfolio. The new company will become owner of 100 percent of the Rathdrum and Plains End projects
and 35 percent of the Whitewater and Cottage Grove projects. Each of the four projects is operated by
NAES Corporation, which is a subsidiary of ITOCHU International Inc., the U.S. affiliate of ITOCHU
“These are quality, well-operated, strategic assets that we will successfully optimize,” said Tyr CEO Karl
Usami. He added, “We are pleased to enhance our relationship with John Hancock and Prudential, and we
look forward to working with these partners on future opportunities.”
Morgan Stanley & Co. LLC acted as exclusive financial advisor to Tyr, John Hancock and Prudential.
The transaction is subject to regulatory approvals and consents and is expected to close at or around the
end of Q1 2013. Transaction terms were not disclosed.
About Tyr Energy, Inc.
Based in Overland Park, Kansas, Tyr Energy, Inc. is wholly-owned by ITOCHU Corporation and
ITOCHU International Inc. The company and its affiliates own equity interests in 14 power projects
located in Alabama, California, Georgia, Oklahoma, Oregon, Texas, Virginia and Wisconsin, with total
gross capacity of 7,000 MW. With operations in over 80 countries covering a broad range of industries,
ITOCHU is among the world’s largest corporations. For more information, visit www.tyrenergy.com.
About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canada-based financial
services group with principal operations in Asia, Canada and the United States. Operating as Manulife
Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife
Financial Corporation offers clients a diverse range of financial protection products and wealth
management services through its extensive network of employees, agents and distribution partners. Funds
under management by Manulife Financial and its subsidiaries were C$532 billion (US$535 billion) as at
December 31, 2012. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and
under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the
United States. John Hancock offers a broad range of financial products and services, including life
insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college
savings, and other forms of business insurance. Additional information about John Hancock may be
found at johnhancock.com, and on Facebook, Twitter, Linkedin and YouTube.
About Prudential Capital Group
Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to
companies worldwide for more than 70 years. Managing a portfolio of $64.9 billion as of Dec. 31, 2012,
Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and
equipment finance to companies, worldwide. The global regional office network has locations in Atlanta,
Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and San
Francisco. For more information, please visit www.prudentialcapitalgroup.com.