PannErgy : Extraordinary information

Budapest, 10 August 2017

Based on the decision of PannErgy Plc as the owner and as per the related order of the Company Registry Court of the Metropolitan Court of Budapest, PMM Commercial Private Company Limited by Shares (registered address: H-1117 Budapest, Budafoki út 56.; company registration number: 01-10-045423) will merge with PannErgy Geothermal Power Plants Ltd. (registered address: 1117 Budapest, Budafoki út 56.; company registration number: 01-10-046521) with the effective date of 31 August 2017 pursuant to Section (1) Article 3:44 of the Civil Code and Section (1) Article 2 of Act CLXXVI of 2013 on the transformation, merger, demerger of certain legal persons.

The form of the merger is merger by acquisition as defined in Section (1) of Article 3:44 of the Civil Code, wherein PMM Ltd as the acquired entity is merging into PEGE Ltd, the acquiring entity. With the merger, PMM Ltd will become terminated, and PEGE Ltd will act as its general legal successor.

The acquiring PEGE Ltd, as the legal successor will invariably continue to operate as a private company limited by shares.

PannErgy Plc

This announcement is published in Hungarian and English languages. In case of any contradiction between these two versions, the Hungarian version shall prevail.

H-1117 Budapest, Budafoki út 56. A lh. IV. em.

Hungary

South Buda Business Park

Cégjegyzékszám / Registered number: 01-10-041618 Telephone: +36 1 323 2383; Fax: +36 1 3232373

Adószám / VAT reg. number: 10558377-2-43 EU adóigazgatási szám / EU VAT reg. number: HU10558377

MKB BANK SWIFT: MKKBHUHB HUF IBAN: HU87 1030 0002 1000 8978 4902 0013

EUR IBAN: HU16 1030 0002 1000 8978 4882 0016