Alfen N.V.

Share Issue/Capital Change • Mar 5, 2020

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

Published on 4 March 2020, 17:45 CET

Infestos completed a private sale of shares in Alfen N.V.

Almere, the Netherlands, 4 March 2020 – Alfen N.V. ("Alfen" or the "Company") has been informed that Infestos (through its subsidiaries Infestos Energy Transition B.V. and Infestos Holding M B.V.) has reduced its holding in Alfen's outstanding share capital to c. 3.4% after the sale of existing ordinary shares to several institutional investors. On the remaining shares in the Company, Infestos agreed on a 90 day lock-up following the transaction. Berenberg acted as Sole Bookrunner.

• END -

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 a market leading position in the Netherlands and experiences fast international growth benefitting from its first mover advantage. For further information see Alfen's website at: www.alfen.com .

For more information

Mr. Adriaan van Tets Investor Relations Manager ir@alfen.com +31 36 526 0019

Notes to the press release

This is a public announcement by Alfen N.V. pursuant to section 17 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Alfen N.V.