October 20, 2008
STOCK SYMBOL: GLH.UN

Great Lakes Hydro Income Fund Declares
Cash Distribution for October 2008

GATINEAU, Quebec, October 20, 2008 (GLH.UN) - Great Lakes Hydro Income Fund today declared a cash distribution of 10.417 cents per unit for the month of October 2008, payable by November 28, 2008 to unitholders of record on October 31, 2008. The ex-distribution date is October 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
October 31, 2008November 28, 200810.417 cents
September 30, 2008 October 31, 2008 10.417 cents
August 31, 2008 September 30, 2008 10.417 cents
July 31, 2008 August 29, 2008 10.417 cents
June 30, 2008 July 31, 2008 10.417 cents
May 31, 2008 June 30, 2008 10.417 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