EST Announcement

ENEFI Asset Management Plc (“Company”) informs its Dear Investors about the following
based on the notification of the Romanian operation: As a result of a lawsuit previously won by the Company, the Romanian Finance Department reimbursed the VAT amount of approx. 760,000 RON, which was previously unauthorized, and now after a 2014 transaction. The nearly 10-year legal dispute is a good example of the anomalies of the Romanian justice system, the difficulties of legal enforcement, but also the determination of the Company, with which it continues to fight for its rights and the enforcement of the sums due to it, even against the Romanian state and the Romanian municipalities. The company is also investigating the possibility of asserting late interest and other compensation claims for the above amount.