Pandora — Director's Dealing 2014

Dec 1, 2014

Pandrup, 1 December 2014

Notification of transactions in Greentech Energy Systems A/S' shares and other securities linked to such shares, carried out by executive employees and close relations of executive employees.

The undersigned Peter HØstgaard-Jensen,

hereby submit information on transactions in Greentech Energy Systems A,/S' shares and other securities linked to such shares, pursuant to section 28a of the Danish Securities Trading Act, carried out by executive employees and close relations of executive employees.

Name	Peter HØstgaard-Jensen
Position	Chairman of the Board of Directors
lssuer	Greentech Energy Systems A/S
lslN code	DK001A244514
Name	Sh a res
Tra nsaction	Purchase
Tradine date	28 Novembe r 2AL4
Market	NASDAQ OMX Copenhagen A/S
No. of shares	# §/§
Market value	DKK 32.2§6"93

With my signature, I hereby authorise Greentech Energy Systems A/S to report, on my behall the above transaction to the Danish FSA (Finanstilsynet) and to Nasdaq OMX Copenhagen in compliance with the Company's in-house rules.

Signature