Photon Energy N.V.

Capital/Financing Update • Feb 19, 2018

Photon Energy has switched the administration of its EUR Bond 2017/2022 to Bankhaus Neelmeyer AG from Dero Bank AG, on which BaFin ordered a moratorium on 8 February 2018. Future coupon payments will be administered by Bankhaus Neelmeyer AG. Photon Energy did not face any negative impact by the moratorium ordered on Dero Bank AG. The account status of EUR 8.266 is protected under the Deposit Guarantee Act and will be recovered by the Entschädigungseinrichtung deutscher Banken GmbH (EdB).