Alfen N.V.

Earnings Release • Jan 15, 2020

P R E S S R E L E A S E

Published on 15 January 2020, 7:30 CET

Alfen awarded with multi-year contract to supply substations to Enexis Netbeheer

's-Hertogenbosch / Almere: Enexis Netbeheer, one of the largest grid operators in the Netherlands, and Alfen, specialist in energy solutions for the future, today announce that Alfen has been awarded a contract for the supply of prefab and accessible distribution substations to Enexis Netbeheer. This is a continuation of a decades-long relationship between Enexis Netbeheer and Alfen of offering smart and reliable grid solutions, and marks another step in further preparing the electricity grid for the energy transition. The contract will have an initial term of four years, and can be extended with four additional years.

Marco Roeleveld, CEO of Alfen, comments: "We are proud to continue our decades-long relationship which is characterised by continued innovation. Not only have we supplied Enexis Netbeheer with our smart grid solutions over the past decades, we also jointly worked on innovations on energy storage, grid automation and electric vehicle charging. For example, at the beginning of this year, we rolled-out a smart charging network with 98 chargers for electric vehicles at the parking garage of Enexis' headquarters. The extension of our contract for the supply of substations is a great testimony to our strong focus on delivering high quality solutions that facilitate the future needs of the electricity grid."

Han Slootweg, Director of Asset Management of Enexis Netbeheer, adds: "In Alfen we have found a partner that offers high quality products. As their long lasting customer, we value their technological know-how, innovative mindset and flexibility. These characteristics make us look forward to continue our strong cooperation with Alfen for the years to come. Our strong partnership greatly contributes to coping with the huge challenges posed by the rapidly evolving energy transition."

About Alfen

Netherlands-based Alfen is operating internationally in the heart of the energy transition, as a specialist in energy solutions for the future. With over 80-years' history, Alfen has a unique combination of activities. Alfen designs, develops and produces smart grids, energy storage systems, and electric vehicle charging equipment and combines these in integrated solutions to address the electricity challenges of its clients. Alfen has market leading positions in the Netherlands and experiences fast international growth benefiting from its first mover advantage.

For further information see: www.alfen.com

About Enexis Netbeheer

Every day our 4,500 or so dedicated employees are working hard to ensure stable and reliable grids and to secure the future of our energy supply. At Enexis, we encourage, coordinate, enable and fund initiatives and use our knowledge, skills and strength to boost the energy transition in order to make sustainable energy possible together.

For well over a century, we have operated at the centre of the society to ensure a reliable energy supply and provide services that we believe make people's lives easier and more comfortable. By using our knowledge, expertise and energy in a variety of ways, we are helping accelerate the energy transition. This is very much a societal role – one that we also intend to continue in times of rapid change. Now and in the future.

For further information see: www.enexis.nl

For enquiries, please contact:

Alfen

Mr. Adriaan van Tets, Director Strategy and Communications, phone +31 (0) 36 549 34 00, email press@alfen.com

Enexis Netbeheer

Bob Winckels, Manager media relations, 0900-0310 mediarelaties@enexis.nl