Communiqués de presse

First Asset PowerGen Fund: Press Release

TORONTO, February 4, 2009 - First Asset PowerGen Fund (TSX: PGT.UN) announced today that it has engaged CIBC World Markets Inc. as advisor to help assess strategic alternatives to enhance the value to the Fund of Confederation Power Inc., the Fund's largest holding, including through strategic equity partnerships or the possible sale of some or all of the shares or assets of Confederation Power.

For further information, please call First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.