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Alfen N.V.

Board/Management Information Jul 6, 2020

3807_iss_2020-07-06_57147e85-7180-4123-ba60-e6e12185082a.pdf

Board/Management Information

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P R E S S R E L E A S E

Published on 6 July 2020, 15:40 CEST

Alfen's EGM appoints Eline Oudenbroek and Willem Ackermans as members of the Supervisory Board

Alfen N.V. ("Alfen") announces that its Extraordinary General Meeting (EGM) has today appointed Eline Oudenbroek and Willem Ackermans as members of Alfen's Supervisory Board for respectively a three-year and four-year term.

Having served as Supervisory Board members for more than two years since Alfen's IPO in March 2018, both Erwin Riefel and Edmond van der Arend have stepped down. This is in line with the arrangements in the relationship agreement between Alfen and Infestos, as previously disclosed, which terminated once Infestos sold down its shareholding position in Alfen to under 15% earlier this year.

"I would like to express my sincere gratitude to both Erwin Riefel and Edmond van der Arend for their commitment and valuable contributions during a period of strong growth" said Henk ten Hove, Chairman of the Supervisory Board of Alfen. "I wish them all the best for the future. I am of the opinion that the new members have the right qualification to join the Supervisory Board of the Company. They have both a broad international business experience and dealt with stakeholder management in various supervisory and advisory board positions. I consider them strong candidates with competences complementary to each other and to the Chairman."

With the appointment of Eline Oudenbroek and Willem Ackermans, Alfen's Supervisory Board will be fully independent.

About Alfen

Netherlands-based Alfen is operating internationally in the heart of the energy transition, as a specialist in energy solutions for the future. With over 80-years' history, Alfen has a unique combination of activities. Alfen designs, develops and produces smart grids, energy storage systems, and electric vehicle charging equipment and combines these in integrated solutions to address the electricity challenges of its clients. Alfen has a market leading position in the Netherlands and experiences fast international growth benefitting from its first mover advantage. For further information see Alfen's website at: www.alfen.com .

For enquiries, please contact:

Investor relations:

Mr. Adriaan van Tets, Director Strategy & Communications at Alfen, phone +31 (0) 36 549 34 00, email [email protected]

Hefbrugweg 28

1332 AP Almere, The Netherlands Phone: +31 (0) 36 549 34 00 [email protected] / www.alfen.com

Forward looking statements

This press release may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms such as guidance, expected, step up, announced, continued, incremental, on track, accelerating, ongoing, innovation, drives, growth, optimising, new, to develop, further, strengthening, implementing, well positioned, roll-out, expanding, improvements, promising, to offer, more, to be or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect Alfen's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Alfen's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forwardlooking statements reflect the current views of Alfen and assumptions based on information currently available to Alfen. Forward-looking statements speak only as of the date they are made, and Alfen does not assume any obligation to update such statements, except as required by law.

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