Energy Savings to extend exclusivity period regarding UEG acquisition

The Universal Energy Group has agreed to extend the 30-day exclusivity period with the Energy Savings Income Fund with respect to a potential acquisition of the Universal Energy Group by the Energy Savings Income Fund. The exclusivity period has been extended by mutual agreement from April 19, 2009 to April 23, 2009.

The Universal Energy Group (UEG) has said that its common shares and convertible subordinated debentures are listed on the Toronto Stock Exchange under the symbol UEG and UEG.DB, respectively.

The Universal Energy Group sells natural gas and electricity to residential, small to mid-size commercial and small industrial customers in Canada and the US, sells long-term water heater rental programs to Ontario residential customers and operates an ethanol manufacturing facility in Belle Plaine, Saskatchewan.

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