Interim Financial Report – Half Year 2019

Financials for H1 2019 in line with H1 2018Revenuein line with H1 2018 (EUR 27.2M vs EUR 28.4M)StableEBITDAof EUR 20.3M (EUR 24.3M including Joint Ventures)Events occurred after 30 June 2019 On 25 July 2019, the sale of some of Athena's wind and solar assets located in Italy and Spain to Ardian Infrastructure and Glennmont Partners has been completed (see Company Announcement No.13/2019)Impairment of assetsLoss of EUR 48.6Mdue to the implementation of IFRS...

Financials for H1 2019 in line with H1 2018

• Revenue in line with H1 2018 (EUR 27.2M vs EUR 28.4M)
• Stable EBITDA of EUR 20.3M (EUR 24.3M including Joint Ventures)

Events occurred after 30 June 2019

• On 25 July 2019, the sale of some of Athena's wind and solar assets located in Italy and Spain to Ardian Infrastructure and Glennmont Partners has been completed (see Company Announcement No.13/2019)

Impairment of assets

• Loss of EUR 48.6M due to the implementation of IFRS 5 (EUR 0.7M in H1 2018) and the Impairment Test on the perimeter excluded from the Transaction

Stable production trend in H1 2019

• Total net production in line with H1 2018: 181 GWh
• Actual wind production in line with estimates
• +5% in actual solar production vs. estimates

Chairman of the Board of Directors, Peter Høstgaard-Jensen, says:

“If we exclude the changes occurred in the perimeter of our business, which are consistently part of the new strategy of Athena, the Company has delivered a stable performance both in terms of production and profitability”.

Attachment

• Interim Report_H1_2019