Hydro-Québec’s Participations – First and Second Tier(1) as at June 30, 2014 Hydro-Québec 100% 100% 100% SOCIÉTÉ D'ÉNERGIE HYDRO-QUÉBEC DE LA BAIE JAMES INTERNATIONAL INC. 50% 100% CITEQ INC. (2) HQI GENTECH SERVICES INC. 30.86% 100% 47.4568% SOCIÉTÉ EN COMMANDITE MINASHTUK HQ MANICOUAGAN INC. 34.2% 60% CHURCHILL FALLS (LABRADOR) CORPORATION LIMITED MANICOUAGAN POWER GENERAL PARTNER ULC 33.3% CAPITECH INC. 3.32% 11% HERA, HYDROGEN STORAGE SYSTEMS INC. EMERALD ENERGY FUND I L.P. DOMOSYS CORPORATION 7.89% IFD INTERNAL FAULT DETECTOR CORP. 1.68% 100% 100% APX, INC. 100% THE MULTINATIONAL ELECTRICITY AND GAS CORPORATION 1.57% 100% ACEP INC. 100% MANICOUAGAN POWER LIMITED PARTNERSHIP CIRCUIT ÉLECTRIQUE QUÉBEC INC. 100% 8% FONDS D'INVESTISSEMENT DE MONTRÉAL (F.I.M.), SOCIÉTÉ EN COMMANDITE 7.3% FONDS D'INVESTISSEMENT DE MONTRÉAL (F.I.M.) II, SOCIÉTÉ EN COMMANDITE GESTION INDUSTECH HQ INC. SOLICORE, INC. 59.999985% TWIN FALLS POWER CORPORATION LIMITED HYDRO-QUÉBEC INDUSTECH INC. H.Q. ENERGY HOLDINGS, INC. FUND I, L.P. NTH POWER TECHNOLOGIES FUND II, L.P. COMPANY, LIMITED 100% ENERTECH CAPITAL PARTNERS II, L.P. NTH POWER TECHNOLOGIES 4.11% 27.3% CEDARS RAPIDS TRANSMISSION HQ ENERGY MARKETING INC. (3) 32.06% 100% 100% HYDRO-QUÉBEC 82.99% GROUPE FINANCIER HQ INC. TM4 INC. 18.5% 50% CYCLE CAPITAL FUND III, L.P. ESSTALION TECHNOLOGIES INC. LEGEND Primary INC. : INCORPORÉE / INCORPORATED L.P. : LIMITED PARTNERSHIP LTÉE Secondary ULC / LTD : LIMITÉE / LIMITED : UNLIMITED LIABILITY COMPANY (1) OPERATIVE PARTICIPATIONS. (2) CORPORATE NAME: CENTRE D'INNOVATION SUR LE TRANSPORT D'ÉNERGIE DU QUÉBEC (CITEQ) INC. (3) ALL OF HYDRO-QUÉBEC CAPITECH INC.‘S INTERESTS ARE CALCULATED ON A FULLY DILUTED BASIS.
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