Greenvolt Energias Renovaveis

Share Issue/Capital Change • Jun 3, 2024

GREENVOLT – ENERGIAS RENOVÁVEIS, S.A.

Registered office: Rua Manuel Pinto de Azevedo 818, 4100-320 Porto, Portugal Fully subscribed and paid-up share capital: € 367,094,274.62 Registered at the Commercial Registry Office of Lisbon under the sole registration and taxpayer number 506 042 715

COMMUNICATION

Under the terms and for the purposes of Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April, Greenvolt – Energias Renováveis, S.A. ("Greenvolt") hereby informs that it has received from GV Investor Bidco, S.à r.l., on the date hereof, the communication attached hereto with respect to the exercise of the conversion right pertaining to the convertible bonds issued by Greenvolt named "€200,000,000 4.75 per cent. Senior Unsecured Conditionally Convertible Bonds due 2030".

Oporto, 3 June 2024. The Market Relations Representative.

Greenvolt - Energias Renováveis, S.A.

€200,000,000 4.75 per cent. Senior Unsecured Conditionally Convertible Bonds due 2030 (conversion notice no. 1)

Name: GV Investor Bidco, S.à r.I.

Date: 3 June 2024

Address: 2 rue Edward Steichen, L-2540 Luxembourg

Individual Securities Account No: 609596

Affiliate Member of Interbolsa Account No: 0245280371 (BIC Code: CITIPTPXXXX) held by Bank of New York Mellon, S.A/N.V., Luxembourg Branch (Corporate Bonds) with Cilibank Furope, PLC

Telephone No .: 0044 (7703) 680 675

Email: Rafael.RomeoGuillen@kkr.com

To: Banco Santander Totta, S.A. (the "Paying and Conversion Agent")

Cc: Greenvolt - Energias Renovávels, S.A. (the "Issuer")

Conv-Ex Advisors Limited (the "Calculation Agent")

We, being the holders of 2,000 (two thousand) €200,000,000 4.75 per cent. Senior Unsecured Conditionally Convertible Bonds due 2030 ("Bonds"), hereby irrevocably elect to convert the principal amount of such Bonds as specified below of which we are the holders in accordance with the Conditions of the €200,000,000 4.75 per cent. Senior Unsecured Conditionally Convertible Bonds due 2030 (the "Conditions") into Ordinary Shares.

ﮩ Total principal amount to which this notice applies:

Number of Bonds: 2,000 (two thousand)

Total principal amount (must be a multiple of €100,000): €200,000,000 (two hundred million euros)

Individual Securities Account in which the Bonds are registered: 609596

Bank in which the Individual Securities Account is open: Bank of New York Mellon, S.A/N.V., Luxembourg Branch.

2 We hereby request that the Ordinary Shares to be issued In pursuance of this Conversion Notice be credited to the account of an Affiliate Member of Interbolsa, the details of which are set out below:

Affiliate Member of Interbolsa ID: Citibank Europe, PLC (IB Code: 528; BIC Code: CITIPTPXXXX)

Account Number: 0245280371

Name of Bondholder: GV Investor Bidco, S.à r.I.

Individual Securities Account: 609596.

• 3 and regulations as provided in the Conditions and have paid or will pay, to the extent required by the Conditions, all taxes and capital, stamp, issue, registration and transfer taxes and dulties arising in connection with the conversion of the Bonds.
• 4 Hoston that we have requested to the relevant Affiliate Member of Interbolsa that the Bonds are blocked for conversion purposes as described herein (please see evidence attacthed).
• 5 Delivery of this Conversion Notice constitute confirmation by the holder of the Bonds that the information and instructions in this Conversion Notice are true and accurate on the date of delivery and we hereby acknowledge that the Issuer and the Agent, and their respective affiliates and others, will rely upon the truth and accuracy of the foregoing representations and agreements.

Dated: 3 June 2024 Signature:
A Comments of the Career of Children A State of the States of Children Comments of	Thomas Probst Manager
Nicholas Lister	BNY MELLON

Nicholas Lister, CA Team Lead, BNY Mellon, Manchester, 3rd June 2024

For the Paying and Conversion Agent's and Calculation Agent's use only:

• 1
• 1.1 Bond conversion identification reference: CONUELSION MHCE DR 1
• 1.2 Date of delivery of Conversion Notice to the Paying and Conversion Agent: 03/06/2024
• 1.3 Conversion Date: . 04 / 06/ 2024 .........................................................................................................................................
• 2
• 2.1 Aggregate principal amount of Bonds that are the subject of this Conversion Notice ... 200 . 000 . 000 , 000 , 00 EUR
• 2.2 Conversion Price on Conversion Date: . EUR 8.3107

2.3