European Energy Financial Overview

• • == EUROPEAN ENERGY Company milestones Key findings • European Energy has demonstrated strong growth in capacity installed and cumulative investments from Investment value and installed capacity of power-generating assets since European Energy's foundation Wind acc. capacity installed (MW) Solar acc. capacity installed (MW) Cummulated investment (EURm) 2008 EE constructs its first solar power plant 2014 EURM 1,695 1,318 1,209 MW First issue of a listed bond with EUR 45m 1,027 936 MW 300 863 789 MW inception in 2004 to 2004 687 168 638 681 MW European Energy was today 531 168 founded by Knud Erik 527 MW 414 415 431 475 MW 153 Andersen and Mikael 373 • The strong growth 361 MW 27 D. Pedersen 270 23 909 224 242 MW 272 MW 272 MW 277 MW 768 has been profitable 19 622 65 11 11 16 23 11 453 500 528 throughout with all 342 176 211 231 261 261 261 projects ever 18 47 2004 2005 2006 2007 2008 2009 completed having 2010 2011 2012 2013 2014 2015 2016 2017 2018 positive results European Energy only holds assets in the operational portfolio with specific strategic value, such as repowering Operational assets held by European Energy has grown to 231 MW under management All constructed projects since inception have showed positive results J 2015 a 2016 2017 UK PV portfolio Nøjsomheds Odde 2018 Gross profit Grid Connection date $ EE has divested more than 100 projects and all with positive results ☑ 000 Since 2004 EE has installed 1,209 MW capacity (300 MW solar and 909 MW wind) | 6

View entire presentation