Meyer Burger Investor Presentation

PROOF OF CONCEPT DEMONSTRATED WITH SUCCESSFUL LAUNCH OF REC'S ALPHA MODULE 2018 Feb 2018 REC buys first SmartWire test equipment "Alpha" module (60 cells) launched 2019 Jun 2019 Aug 2019 MOU on expansion, profit sharing & exclusivity de- pending on cooper- ation partners 2020 Feb 2020 Production kick-off "Alpha" 72 cells module PROOF OF Meyer Burger receives 600MW order for HJT/ SmartWire equip. TECHNOLOGY Dec 2018 Start of mass production for "Alpha" module on first 100MW line Meyer Burger Technology Ltd. Presentation for Investors, Analysts and Media, 12 March 2020 Oct 2019 Completion of ramp-up to 600MW Q2 2020 MEYER BURGER 600 MW order (74 mCHF) from Dec 2018: Fair pricing slightly below targeted gross profit margin could be achieved ~ ▪ Unfavorable payment terms - cash-in back-loaded; 40% cash received by Dec. 19; -55% by March 2020 ■ Proof of technology established - full potential of technology, both on cost and product performance: JDA with very demanding KPIs well on track ■ With Alpha REC catapulted themselves into top league of premium module manufacturers ■ Execution MOU delayed - Meyer Burger continues to work with REC on GW-scale expansion in Europe and/or Singapore 8 Meyer Burger

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