News Release

Cancarb Acquisition by Tokai Carbon Completed

April 16, 2014 - The sale of Cancarb to Tokai Carbon Co. Ltd. of Japan was successfully completed on April 15, 2014.

"We expect a seamless transition, said Dave Petrie, President of Cancarb. "All of our employees have been retained and we will be continuing to provide our Thermax® thermal carbon blacks with the quality, service, availability and reliability our customers expect."

He added "We very much look forward to leveraging Tokai's depth of experience in the carbon black industry and their strong commitment to research and development. We are confident with this transaction that Cancarb will achieve the next level of production, application and product technology."

About Cancarb Limited:

Cancarb is the global leader in the production and marketing of thermal carbon black with customers in 44 countries. Our plant, located in Alberta, Canada, uses state of the art technology to ensure that our Thermax® brand products are of the highest quality and consistency and are produced efficiently and in an environmentally responsible manner. Visit Cancarb our website at www.cancarb.com for more company information. Cancarb is owned and operated by TransCanada Corporation, www.transcanada.com. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.

For further information, please contact:

Cancarb Limited: Mr. Dave Petrie: +1-403-527-1121