Photon Energy N.V.

Transaction in Own Shares • Jun 26, 2017

The Management Board of Photon Energy N.V. informs that:

- On 20 June 2017, Photon Energy N.V. purchased 3,893 Photon Energy N.V. shares at a price of PLN 1.00 per share.

- On 21 June 2017, Photon Energy N.V. purchased 3,149 Photon Energy N.V. shares at a price of PLN 1.04 per share.

- On 22 June 2017, Photon Energy N.V. purchased 1,962 Photon Energy N.V. shares at a price of PLN 1.02 per share.

- On 22 June 2017, Photon Energy N.V. purchased 1,846 Photon Energy N.V. shares at a price of PLN 1.00 per share.

- On 23 June 2017, Photon Energy N.V. purchased 13,959 Photon Energy N.V. shares at a price of PLN 1.05 per share.

- On 23 June 2017, Photon Energy N.V. purchased 5,991 Photon Energy N.V. shares at a price of PLN 1.06 per share.

The total amount of the notified transactions is PLN 32,023 (EUR 7,603).

Prior to the conclusion of the above mentioned transactions, Photon Energy N.V. held 9,006,785 shares in the Company, which accounted for 15.01 % of the Company’s share capital and carried no rights to vote at the Company’s general meeting of shareholders.

As from 26 June 2017, Photon Energy N.V. holds 9,037,585 shares, which account for 15.06 % of the Company’s share capital and carry no rights to vote at the Company’s general meeting of shareholders.