Photon Energy N.V.

Transaction in Own Shares • Mar 6, 2018

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

- the purchase of 27,288 shares of Photon Energy N.V. on 09.02.2018,15.02.2018 & 16.02.2018, reported in the ESPI report nr2/2018 published on 20.02.2018;

- the purchase of 13,355 shares of Photon Energy N.V. on 23.02.2018, 26.02.2018 & 28.02.2018, reported in the ESPI report nr3/2018 published on 01.03.2018,

- the transfer of 181,847 shares of Photon Energy N.V. to its employee shares programm on 1/03/2018,

- the purchase of 847 shares of Photon Energy N.V. on 02.03.2018,

Photon Energy NV decreased its direct share in the capital of Photon Energy N.V. from 14.42% to 14.18%.

Prior to the conclusion of the above transactions, Photon Energy NV held 8,649,357 shares in the Company, accounting for 14.42% of the Company’s share capital and for 0% of the total voting rights.

From 2 March 2018, Photon Energy NV holds 8,509,000 shares, which account for 14.18% of the Company’s share capital and for 0% of the total voting rights.