PannErgy : Suspension of the purchase of treasury shares

EXTRAORDINARY INFORMATION

Budapest, 5 April 2024

Suspension of the purchase of treasury shares

PannErgy Nyrt (hereinafter referred to as the "Company") hereby informs capital market participants that it will suspend treasury share repurchase as of today as follows.

On 28 April 2023, PannErgy Nyrt passed a resolution of the General Meeting regarding the repurchase of treasury shares:

Resolution 8/2023 (Apr 28) of the General Meeting

The General Meeting authorizes the Management Board to purchase treasury shares worth no more than HUF 900,000,000 (i.e. six hundred million forints), at a share price of at least HUF 1 and no higher than HUF 1,670.

To the extent permitted by law and considering the provisions laid down in Section 3:222(1) of the Hungarian Civil Code, the Management Board is authorized to purchase ordinary shares with a nominal value of HUF 20 (twenty forints) up to a quantity with which the portfolio of treasury shares does not exceed, at any time during the term of the authorization, 25% of the total portfolio of shares issued.

The authorization shall be valid for the period starting on 2 May 2023 and ending on 13 April 2024. The shares may be purchased solely in trading at the stock exchange.

The Company commenced the repurchase of treasury shares on 2 May 2023 and as of yesterday, 4 April 2024, stock exchange trading day, the purchase value indicated in the above mentioned resolution of the General Meeting was reached, therefore no further purchases will be made until further authorization by the General Meeting.

PannErgy Nyrt.

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

PannErgy Nyrt.

H-1112 Budapest, Boldizsár utca 2.

Hungary

Budapest ONE Business Park

Cégjegyzékszám / Registered number: 01-10-041618

Phone: [phone]; Fax: [phone]

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

CIB BANK SWIFT: CIBHHUHB

HUF IBAN: HU53 1070 0024 0250 2106 5110 0005

EUR IBAN: HU11 1070 0024 0250 2106 5000 0005