PEN Insider Trading Notification

The Management Board of Photon Energy N.V. informs that it received information from its shareholder Solar Future Cooperatief U.A., (hereinafter referred to as ‘Solar Future’) who is owned jointly by Michael Gartner, the Director of Photon Energy and his wife Magda Gartnerova, that it executed the following sales transactions on the Munich Stock Exchange:
-On 24 September 2020 Solar Future sold 206,000 shares of Photon Energy N.V. at a price of EUR 2.62 per share. -On 25 September 2020 Solar Future sold 71,100 shares of Photon Energy N.V. at a price of EUR 2.62 per share. -On 28 September 2020 Solar Future sold 23,500 shares of Photon Energy N.V. at a price of EUR 2.62 per share. The total amount of shares sold amounts to 300,600. The notified transaction value amounts to 787,572 EUR. Prior to the conclusion of the above mentioned transactions, Solar Future held 22,266,166 shares in the Company, which accounted for 37.11 % of the Company’s share capital and carried 43.47% of votes at the Company’s general meeting of shareholders. As of 28 September 2020, Solar Future holds 21,965,566 shares, which account for 36.61% of the Company’s share capital and 42.89% of voting rights at the Company’s general meeting of shareholders.