Photon Energy N.V.

Transaction in Own Shares • Sep 12, 2020

The Management Board of Photon Energy N.V. informs that,

-on 7 September 2020, Photon Energy N.V. purchased 10,000 Photon Energy N.V. shares at a price of PLN 12.40 per share,

-on 8 September 2020, Photon Energy N.V. purchased 3,500 Photon Energy N.V. shares at a following prices per share:

o 1,060 shares at the price of PLN 11.30 per share

o 261 shares at the price of PLN 11.40 per share

o 993 shares at the price of PLN 11.50 per share

o 746 shares at the price of 11.60 per share

o 440 shares at the price of 11.70 per share.

The total amount of the notified transactions is PLN 164,174.50.

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 8,790,511 shares in the Company, which accounted for 14.65 % of the Company’s share capital and carried no rights to vote at the Company’s general meeting of shareholders.

Further to the conclusion of the above mentioned transactions, Photon Energy N.V. holds 8,804,011 shares, which account for 14.67% of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.