2005 Fourth Quarter and Year End Financial Results - Webcast and Conference Call for Investors and Analysts

Date: Wednesday, February 8, 2006
Time: 10:00 a.m. (ET)

Great Lakes Hydro Income Fund will release its 2005 fourth quarter and year end financial results on February 7, 2006 after 4:00 p.m. (ET). The results will be available on our web site at www.greatlakeshydro.com. The conference call will also be webcast live on our web site, where it will be archived for three months.

To participate in the conference call, please dial 416-644-3425 or 1-800-814-3911 toll free in North America, at 9:50 a.m. (ET). For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight February 10, 2006. To access this rebroadcast, please call 1-877-289-8525 toll free in North America, and enter the passcode 21172705#.

About Great Lakes Hydro Income Fund

Great Lakes Hydro is a premier Canadian income fund. We are the largest power income fund in North America with 995 megawatts of power generating capacity and an average annual production of 3,774 gigawatt hours.

Great Lakes Hydro Income Fund produces electricity exclusively from environmentally friendly hydroelectric resources. The Fund owns, operates and manages 25 high quality hydroelectric generating stations located on seven river systems in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.

Brookfield Power, which comprises all the power operations of Brookfield Asset Management, owns 50.1% of the Fund’s outstanding units.

Great Lakes Hydro Income Fund units are listed for trading on the Toronto Stock Exchange under the symbol GLH.UN.

Web Site: www.greatlakeshydro.com