NEOEN

Transaction in Own Shares • Mar 17, 2022

Paris, March 17, 2022

Implementation of the share buyback programme

Under the authorization granted by the combined general shareholders' meeting on May 25, 2021 for implementing a share buyback programme, Neoen announces today that it has signed a mandate with an investment services provider to purchase up to 50,000 shares during the period from March 17 to May 24, 2022, with a theoretical maximum amount of the funds dedicated to this programme of 1,750,000 euros.

The purpose of this transaction is to acquire shares for:

• allocation to maturing free shares plans and
• allocating or transferring shares to employees to enable them to share in the fruits of the Company's expansion or the introduction of any company or group savings plan (or similar plan) under the conditions provided for by law, in particular, Articles L. 3332-1 et seq. of the French Labor Code, as well as any other shareholding plan for executives and employees of the Company and its subsidiaries.

About Neoen

Neoen is one of the world's leading independent producers of exclusively renewable energy. Neoen has over 5.4 GW of solar, wind and storage capacity in operation or under construction in Australia, France, Finland, Mexico, El Salvador, Argentina, Ireland, Portugal, Jamaica, Mozambique, and Zambia. The company is also active in Croatia, Ecuador, Italy, Sweden, and the USA. Neoen's flagship assets include France's most powerful solar farm in Cestas (300 MWp), and two of the world's largest lithium-ion batteries: Hornsdale Power Reserve (150 MW / 193.5 MWh) and Victorian Big Battery (300 MW / 450 MWh), in Australia. Neoen is targeting more than 10 GW capacity in operation or under construction by the end of 2025. Neoen (ISIN Code: FR0011675362, ticker: NEOEN) is listed in Compartment A of the regulated market of Euronext Paris.

For more information: www.neoen.com

Contact

Neoen

communication@neoen.com