Summary

The management board of Photon Energy N.V. informs that, as a part of a group of investors, on 6 November 2024 it has filed a notice of dispute (the "Notice") that arises from the Czech Republic's breaches of its obligations under (1) the Energy Charter Treaty ("ECT") and (2) the "Agreement between the Czech and Slovak Federal Republic and the Swiss Confederation on the Promotion and Reciprocal Protection of Investments" ("BIT") resulting from the proposed severe changes and reductions of the State support for photovoltaic power projects in the Czech Republic ("PV Projects").

Among the investors who signed this Notice, each investor qualifies as an "investor" under the ECT., meaning they invested in PV Projects in the Czech Republic and their direct and indirect interest and shareholding constitute an "investment" within the meaning of the ECT.