Photon Energy N.V.

Transaction in Own Shares • Jun 4, 2018

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

- On 28 May 2018, Photon Energy N.V. purchased 6,887 Photon Energy N.V. shares at a price of PLN 1.35 per share.

- On 29 May 2018, Photon Energy N.V. purchased 2,000 Photon Energy N.V. shares at a price of PLN 1.34 per share.

- On 29 May 2018, Photon Energy N.V. purchased 13,000 Photon Energy N.V. shares at a price of PLN 1.35 per share.

- On 30 May 2018, Photon Energy N.V. purchased 3,000 Photon Energy N.V. shares at a price of PLN 1.34 per share.

- On 30 May 2018, Photon Energy N.V. purchased 2,000 Photon Energy N.V. shares at a price of PLN 1.37 per share.

- On 30 May 2018, Photon Energy N.V. purchased 1,603 Photon Energy N.V. shares at a price of PLN 1.38 per share.

- On 30 May 2018, Photon Energy N.V. purchased 4,000 Photon Energy N.V. shares at a price of PLN 1.39 per share.

- On 1 June 2018, Photon Energy N.V. purchased 3,225 Photon Energy N.V. shares at a price of PLN 1.38 per share.

- On 1 June 2018, Photon Energy N.V. purchased 1,166 Photon Energy N.V. shares at a price of PLN 1.40 per share.

The total amount of the notified transactions is PLN 50,142.49 (EUR 11,630.49).

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 8,548,934 shares in the Company, which accounted for 14.25 % of the Company’s share capital and carried no rights to vote at the Company’s general meeting of shareholders.

As from 04 June 2018, Photon Energy N.V. holds 8,585,815 shares, which account for 14.31 % of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.