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Cautionary
Statement Regarding Forward-Looking Information This presentation contains
certain forward-looking statements with respect to the financial condition,
results of operations and business of Wisconsin Energy and Integrys and the
combined businesses of Integrys and Wisconsin Energy and certain plans and
objectives of Wisconsin Energy and Integrys with respect thereto, including
the expected benefits of the proposed merger transaction. These
forward-looking statements can be identified by the fact that they do not
relate only to historical or current facts. Forward-looking statements often
use words such as anticipate, target, expect, estimate, intend,
plan, goal, believe, hope, aim, continue, will, may, would,
could or should or other words of similar meaning or the negative
thereof. There are several factors which could cause actual plans and results
to differ materially from those expressed or implied in forward-looking
statements. Such factors include, but are not limited to, the expected
closing date of the proposed merger; the possibility that the expected
synergies and value creation from the proposed merger will not be realized,
or will not be realized within the expected time period; the risk that the
businesses of Wisconsin Energy and Integrys will not be integrated
successfully; disruption from the proposed merger making it more difficult to
maintain business and operational relationships; the risk that unexpected
costs will be incurred; changes in economic conditions, political conditions,
trade protection measures, licensing requirements and tax matters; the
possibility that the proposed merger does not close, including, but not
limited to, due to the failure to satisfy the closing conditions; and the
risk that financing for the proposed merger may not be available on favorable
terms; and the risk that Integrys may not complete the sale of Integrys
Energy Services. These forward-looking statements are based on numerous
assumptions and assessments made by Wisconsin Energy and/or Integrys in light
of their experience and perception of historical trends, current conditions,
business strategies, operating environment, future developments and other
factors that each party believes appropriate. By their nature,
forward-looking statements involve known and unknown risks and uncertainties
because they relate to events and depend on circumstances that will occur in
the future. The factors described in the context of such forward-looking
statements in this presentation could cause actual results, performance or
achievements, industry results and developments to differ materially from
those expressed in or implied by such forward-looking statements. Although it
is believed that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations will
prove to have been correct and persons reading this presentation are
therefore cautioned not to place undue reliance on these forward-looking
statements which speak only as of the date of this presentation. Neither
Wisconsin Energy nor Integrys assumes any obligation to update the
information contained in this presentation (whether as a result of new
information, future events or otherwise), except as required by applicable
law. A further list and description of risks and uncertainties at Wisconsin
Energy can be found in Wisconsin Energys Annual Report on Form 10-K for the
fiscal year ended December 31, 2013 and in its reports filed on Form 10-Q and
Form 8-K. A further list and description of risks and uncertainties at
Integrys can be found in Integrys Annual Report on Form 10-K for the fiscal
year ended December 31, 2013 and in its reports filed on Form 10-Q and Form
8-K.
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