PHOENIX (PHO): The Management Board of Photon Energy a.s. announces the signing of a land purchase agreement. - raport 17

Photon Energy's wholly owned project subsidiary Exit 90 SPV s.r.o. on 30 June 2009 signed a contract for the future purchase contract with the unrelated third-party private owners of eight land plots with a total area of 53,372 m2 in the municipality of Komorovice in the Vysočina region of the Czech Republic. The total contract value is CZK 12,809,280 (EUR 497,o00, PLN 2,282,000). After this signing Exit 90 SPV s.r.o. has secured a total area of 70,906 m2 in said location where Photon Energy a.s. has confirmed grid upload capacity of 2.35 MWp. Photon Energy expects to complete this project in 2009Q4.

Legal basis: § 3 ust.2. of the Appendix 1 to Resolution No. 346/2007 of the Warsaw Stock Exchange management board dated 30 May 2007 "Current and Periodical Information in the Alternative Trading System".

Osoby reprezentujące spółkę:
Michal Gärtner Chairman of the Board of Directors
Georg Hotar Vice-chairman of the Board of Directors