Direct Energy completes acquisition of Rockyview Energy

Calgary, Alberta, Jan. 30, 2008 — Direct Energy Marketing Ltd. and Rockyview Energy Inc. announced the successful completion of Direct Energy’s previously announced offer for all of the common shares of Rockyview, on the basis of $3.16 in cash per share.

Direct Energy has taken up all of the Rockyview common shares validly tendered at the expiry time, as extended, and will pay for them in accordance with applicable securities laws.

Since Direct Energy has acquired more than 90 percent of the outstanding Rockyview common shares under the offer, Direct Energy intends to acquire all the remaining Rockyview common shares not deposited under the offer by means of a compulsory acquisition under the Business Corporations Act (Alberta). Direct Energy will mail a notice of compulsory acquisition to acquire all Rockyview common shares not acquired pursuant to the offer. Once it has acquired all of the outstanding Rockyview common shares, Direct Energy will apply to have the shares de-listed from the Toronto Stock Exchange and will apply for Rockyview to cease being a reporting issuer in any jurisdiction in Canada.

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