Photon Energy N.V.

Regulatory Filings • Mar 21, 2018

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

- On 2 March 2018, Photon Energy N.V. purchased 390 Photon Energy N.V. shares at a price of PLN 1.39 per share.

- On 2 March 2018, Photon Energy N.V. purchased 457 Photon Energy N.V. shares at a price of PLN 1.40 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.24 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.25 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.26 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.27 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.28 per share.

- On 14 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.29 per share.

- On 14 March 2018, Photon Energy N.V. purchased 870 Photon Energy N.V. shares at a price of PLN 1.30 per share.

- On 14 March 2018, Photon Energy N.V. purchased 8,057 Photon Energy N.V. shares at a price of PLN 1.20 per share.

- On 15 March 2018, Photon Energy N.V. purchased 991 Photon Energy N.V. shares at a price of PLN 1.34 per share.

- On 15 March 2018, Photon Energy N.V. purchased 715 Photon Energy N.V. shares at a price of PLN 1.40 per share.

- On 16 March 2018, Photon Energy N.V. purchased 5,000 Photon Energy N.V. shares at a price of PLN 1.20 per share.

- On 16 March 2018, Photon Energy N.V. purchased 6,000 Photon Energy N.V. shares at a price of PLN 1.24 per share.

- On 16 March 2018, Photon Energy N.V. purchased 11,000 Photon Energy N.V. shares at a price of PLN 1.20 per share.

- On 16 March 2018, Photon Energy N.V. purchased 3,500 Photon Energy N.V. shares at a price of PLN 1.24 per share.

- On 16 March 2018, Photon Energy N.V. purchased 5,000 Photon Energy N.V. shares at a price of PLN 1.25 per share.

- On 19 March 2018, Photon Energy N.V. purchased 1,000 Photon Energy N.V. shares at a price of PLN 1.15 per share.

- On 19 March 2018, Photon Energy N.V. purchased 3,600 Photon Energy N.V. shares at a price of PLN 1.16 per share.

- On 19 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.17 per share.

- On 19 March 2018, Photon Energy N.V. purchased 948 Photon Energy N.V. shares at a price of PLN 1.18 per share.

- On 19 March 2018, Photon Energy N.V. purchased 100 Photon Energy N.V. shares at a price of PLN 1.19 per share.

- On 19 March 2018, Photon Energy N.V. purchased 10,000 Photon Energy N.V. shares at a price of PLN 1.20 per share.

- On 20 March 2018, Photon Energy N.V. purchased 1,500 Photon Energy N.V. shares at a price of PLN 1.16 per share.

- On 20 March 2018, Photon Energy N.V. purchased 2,000 Photon Energy N.V. shares at a price of PLN 1.01 per share.

The total amount of the notified transactions is PLN 74,739.88 (EUR 17,733.89).

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 8,508,153 shares in the Company, which accounted for 14.18 % of the Company’s share capital and carried no rights to vote at the Company’s general meeting of shareholders.

As from 20 March 2018, Photon Energy N.V. holds 8,569,981 shares, which account for 14.28 % of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.