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Harvest Operations To Redeem Convertible Unsecured Debentures

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August 17, 2012

Harvest Operations Corp. (HTE-DBD.TO) (HTE-DBE.TO) (HTE-DBF.TO) (HTE-DBG.TO) is pleased to announce that on September 19, 2012 it will redeem the $106,796,000 principal amount of its 6.40% convertible unsecured subordinated debentures scheduled to mature on October 31, 2012. The 2012 Debentures are listed for trading on the Toronto Stock Exchange under the trading symbol "HTE.DB.D"

Upon redemption, Harvest will pay to the holders of 2012 Debentures the redemption price equal to the outstanding principal amount of the 2012 Debentures to be redeemed together with all accrued and unpaid interest thereon up ...

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