July 22, 2008
STOCK SYMBOL: GLH.UN

Great Lakes Hydro Income Fund Declares Cash Distribution for July 2008

GATINEAU, Quebec, July 22, 2008 (GLH.UN) – Great Lakes Hydro Income Fund today declared a cash distribution of 10.417 cents per unit for the month of July 2008, payable by August 29, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008.

The schedule below sets out Great Lakes Hydro Income Fund's cash distribution history for the last six months:

Record DatePayment DateDistribution per Unit
July 31, 2008August 29, 200810.417 cents
June 30, 2008July 31, 200810.417 cents
May 31, 2008June 30, 200810.417 cents
April 30, 2008May 30, 200810.417 cents
March 31, 2008April 30, 200810.417 cents
February 29, 2008March 31, 200810.417 cents

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About Great Lakes Hydro Income Fund

Great Lakes Hydro (www.greatlakeshydro.com) is a premier Canadian income fund. We are the largest power income fund in North America with 1,021 megawatts of power generating capacity and an average annual production of 3,912 gigawatt hours.

Great Lakes Hydro Income Fund produces electricity exclusively from environmentally friendly hydroelectric resources. The Fund owns, operates and manages 26 high quality hydroelectric generating stations located on eight river systems in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.

Brookfield Renewable 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.

Unitholder enquiries should be directed to Zev Korman, Director, Investor Relations and Communications at (416) 359-1955 or unitholderenquiries@greatlakeshydro.com.

Web Site: www.greatlakeshydro.com