Photon Energy announces administration of new EUR Bond 2017/2022 by Bankhaus Neelmeyer AG

Photon Energy has switched the administration of its EUR Bond2017/2022 to Bankhaus Neelmeyer AG from Dero Bank AG, on whichBaFin ordered a moratorium on 8 February 2018. Future couponpayments will be administered by Bankhaus Neelmeyer AG. PhotonEnergy did not face any negative impact by the moratorium orderedon Dero Bank AG.

The account status of EUR 8.266 is protected under the DepositGuarantee Act and will be recovered by theEntschädigungseinrichtung deutscher Banken GmbH (EdB). PhotonEnergy will repay the outstanding EUR Bond 2013/2018 including thelast coupon payment as planned on 12 March 2018.