Xantrex completes plan of arrangement with Schneider Electric

Mr Mossadiq Umedaly, past Chairman of Xantrex, stated "We would like to take this opportunity to thank our directors, shareholders, management, employees, customers and other stakeholders for their support, and look forward to being able to better serve customers around the world with complete renewable power systems solutions and service through Schneider Electric’s outstanding global distribution, supply chain and service network".

With the completion of the plan of arrangement, Xantrex’s common shares will cease to be listed for trading on the Toronto Stock Exchange on or about the close of business on September 30, 2008.

For additional information:

www.sedar.com