WSC West Street Capital Corp.

West Street Capital Corporation (TSX VENTURE:WSC)(TSX VENTURE:WSC.PR.A) ("West
Street" or the "Company") announced today that its major shareholder, Brookfield
Asset Management Inc. ("Brookfield"), has commenced its increased offer to
acquire all of the issued and outstanding common shares of the Company (the
"Common Shares") that Brookfield does not currently own at a price of $0.32 for
each Common Share (the "Increased Offer"), and has mailed the Increased Offer
and take-over bid circular to the Company's shareholders (the "Shareholders").
The directors' circular of the Company's board of directors (the "Board") has
been mailed concurrently with the Increased Offer and take-over bid circular.


In April 2013, the Board established a special committee of independent
directors (the "Special Committee") to review an initial bid by Brookfield and
the Special Committee has now reviewed the Increased Offer. KPMG Corporate
Finance Inc. ("KPMG") acted as independent valuator and financial advisor to the
Special Committee. KPMG delivered a fairness opinion to the Board and the
Special Committee to the effect that, as of the date thereof and subject to the
assumptions, limitations and qualifications contained therein, the consideration
offered for the Common Shares pursuant to the Increased Offer is fair, from a
financial point of view, to holders of the Common Shares.


Following its review of the terms and conditions of the Increased Offer and the
valuation and fairness opinion of KPMG, as well as its consideration of a number
of factors, the Special Committee unanimously recommended the Increased Offer to
the Board. The Board (with Messrs. Driman, Lawson, Lochan and Shah declaring
their interest and abstaining) has unanimously determined that the Increased
Offer is in the best interests of the Company and its shareholders and
unanimously recommends that holders of the Common Shares accept the Increased
Offer and deposit their Common Shares under the Increased Offer.


The Increased Offer will be open for acceptance until 5:00 p.m. (Eastern) on
September 16, 2013 (the "Expiry Time") unless extended or withdrawn. Brookfield
has advised the Company that it intends to proceed with a second-stage
transaction to acquire any Common Shares not tendered under the Increased Offer.
Full details of the Increased Offer are contained in the take-over bid circular
of Brookfield and the Company's directors' circular, copies of which are
available under the Company's profile at www.sedar.com.


CIBC Mellon Trust Company is the depositary for the Increased Offer.
Shareholders can obtain copies of the take-over bid circular and related
materials at no charge from the depositary at 1-800-387-0825 or by email at
inquiries@canstockta.com. Shareholders whose Common Shares are registered in the
name of an investment dealer, stockbroker, bank, trust company or other nominee
should contact such nominee if they wish to accept the Increased Offer.


FOR FURTHER INFORMATION PLEASE CONTACT: 
West Street Capital Corporation
Mabel W.H. Wong
Vice President, Finance
(416) 363-9491

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