Photon Energy N.V.

Transaction in Own Shares • Dec 24, 2018

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

- on 18 December 2018, Photon Energy N.V. purchased 900 Photon Energy N.V. shares at a price of PLN 1.87 per share,

- on 18 December 2018, Photon Energy N.V. purchased 23,476 Photon Energy N.V. shares at a price of PLN 1.90 per share,

- on 18 December 2018, Photon Energy N.V. purchased 8,087 Photon Energy N.V. shares at a price of PLN 1.84 per share,

- on 18 December 2018, Photon Energy N.V. purchased 2,500 Photon Energy N.V. shares at a price of PLN 1.83 per share.

The total amount of the notified transactions is PLN 65,742 (EUR 15,326).

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 8,978,692 shares in the Company, which accounted for 14.96 % 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 9,013,655 shares, which account for 15.02% of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.