Private Offering of Senior Secured Notes

ContourGlobal plc

ContourGlobal Announces Private Offering of Senior Secured Notes

July 17, 2018 - Luxembourg: ContourGlobal Power Holdings S.A. (the "Issuer") today announced its intention to offer €700 million aggregate principal amount of senior secured notes due 2023 (the "2023 Notes") and senior secured notes due 2025 (the "2025 Notes" and collectively, the "Notes") in a private offering to eligible purchasers.

The Issuer intends to use the net proceeds from the offering to refinance its senior secured notes due 2021.

The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and, outside the United States, to non-U.S. investors pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About ContourGlobal

The Issuer is an indirect wholly-owned subsidiary of ContourGlobal plc (together with its subsidiaries, "ContourGlobal"). ContourGlobal is an international power-generation company with approximately 4,312 MW in operation in 18 countries and three continents. ContourGlobal operates a portfolio of 101 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.

Forward Looking Statements

This press release contains forward-looking statements. Actual results may differ materially from those reflected in the forward-looking statements. The Issuer undertakes no obligation to release publicly the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof, including, without limitation, changes in ContourGlobal's business or to reflect the occurrence of unanticipated events.

Enquiries:

Investor Relations - ContourGlobal plc

Gregory Johnson

Tel: +44 (0) 207 355 7321

[email protected]

Media - Brunswick

Charles Pretzlik / Simon Maine

Tel: +44 (0) 207 404 5959

[email protected]