Gazit Canada Inc. announces acquisition of common shares and warrants of Schneider Power Inc.



    TORONTO, Aug. 27 /CNW Telbec/ - Gazit Canada Inc. ("Gazit Canada")
announces that on August 21, 2008 it acquired, as a result of and pursuant to
the terms of the amalgamation of Water Capital Inc. ("Water") and Schneider
Power Inc. (the "Private Co."), 5,000,000 common shares and warrants to
purchase a further 2,500,000 common shares of the amalgamated corporation,
also called "Schneider Power Inc." (hereinafter referred to as the "Resulting
Issuer"). The 5,000,000 common shares of the Resulting Issuer held by Gazit
Canada represent 7.7% of the issued and outstanding common shares of the
Resulting Issuer. An Early Warning Report respecting this acquisition has been
filed on SEDAR and can be viewed at www.sedar.com.




For further information:

For further information: Lewis Reford, Gazit Canada/Energy Investments,
(416) 447-6400 ext. 14, lewis.reford@gazitcanada.com

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GAZIT CANADA

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