Photon Energy N.V.

Transaction in Own Shares • Jun 11, 2018

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

- On 4 June 2018, Photon Energy N.V. purchased 1,800 Photon Energy N.V. shares at a price of PLN 1.39 per share.

- On 4 June 2018, Photon Energy N.V. purchased 25,785 Photon Energy N.V. shares at a price of PLN 1.40 per share.

- On 6 June 2018, Photon Energy N.V. purchased 2,600 Photon Energy N.V. shares at a price of PLN 1.40 per share.

- On 11 June 2018, Photon Energy N.V. purchased 4,950 Photon Energy N.V. shares at a price of PLN 1.35 per share.

- On 11 June 2018, Photon Energy N.V. purchased 2,500 Photon Energy N.V. shares at a price of PLN 1.29 per share.

The total amount of the notified transactions is PLN 52,149 (EUR 12,182).

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 8,585,815 shares in the Company, which accounted for 14.31 % of the Company’s share capital and carried no rights to vote at the Company’s general meeting of shareholders.

As from 12 June 2018, Photon Energy N.V. holds 8,623,450 shares, which account for 14.37 % of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.