First Wind Announces Filing of Registration Statement

Business Wire, July 31, 2008

NEWTON, Mass. -- First Wind Holdings Inc., a leading independent North American wind energy company, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its Class A common stock. An application will be made to list the Class A common stock on the Nasdaq Global Market under the symbol "WNDY." Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and JPMorgan will serve as joint lead book-running managers of this offering.

The registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained, when available, from Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, New York 10010, Attention: Prospectus Department (tel: 212-325-2580), Goldman, Sachs & Co., Attn: Prospectus Department, 100 Burma Road, Jersey City, New Jersey 07305 (tel: 212-902-1171) or J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245, Attention: Prospectus Department (tel: 718-242-8002).