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TransAlta: Press Release Dated March 31, 2016 Announcing Trans Alta Announces Listing Of Series B Preferred Shares

The following excerpt is from the company's SEC filing.

JA Filed by Filing Services Canada Inc. 403-717-3898

News Release

TransAlta Announces Listing of Series B Preferred Shares

TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA; NYSE: TAC) announced today that 1,824,620 of its 12,000,000 Cumulative Redeemable Rate Reset Preferred Shares, Series A (the “Series A Shares”) have been converted, on a one-for-one basis, into Cumulative Redeemable Floating Rate Preferred Shares, Series B (the “Series B Shares”). As a result of the conversion, TransAlta has 10,175,380 Series A Shares and 1,824,620 S eries B Shares issued and outstanding.

The Series B Shares will begin trading on the Toronto Stock Exchange (TSX) today under the symbol TA.PR.E. The Series A Shares will continue to be listed on the TSX under the symbol TA.PR.D.

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