Update on arbitration

PV Crystalox Solar PLC

Update on arbitration

26 October 2016

Further to the announcement of 21 June 2016, PV Crystalox Solar plc has been advised that the evidentiary hearing of the arbitral tribunal has been postponed until the end of March 2017. This hearing which was scheduled to take place in Frankfurt in November 2016 has been delayed following a request from our customer. Meanwhile in an attempt to find an amicable solution both parties have agreed to follow a mediation process led by an external mediator. This mediation will be conducted without prejudice to the pending arbitration.

Enquiries:

PV Crystalox Solar PLC +44 (0) 1235 437160

Iain Dorrity, Chief Executive Officer

Matthew Wethey, Chief Financial Officer and Group Secretary