PHOTON ENERGY A.S. - Transfer of shares by a shareholder holding more than 5% of the shares of the Issuer

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 1 / 2010

Date of issue: 2010-06-22

Short name of the issuer

PHOTON ENERGY A.S.

Subject

Transfer of shares by a shareholder holding more than 5% of the shares of the Issuer

Official market - legal basis

Unofficial market - legal basis

Article 70, point 1, Act on the Public Offering of Financial Instruments

Contents of the report:

The management board of Photon Energy a.s. was on 21 June 2010 notified by a shareholder owning 8.696% of the Issuer's outstanding shares and votes that the shareholder reduced its shareholding to less than 5% of the Issuer's outstanding shares and votes by transferring the shares in the form of a gift.

Annexes

File Description

PHOTON ENERGY A.S.

(fullname of the issuer)

PHOTON ENERGY A.S. Developerska (dev)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

120 00 Praha

(post code) (city)

Uruguayska 17

(street) (number)

[phone] [phone]

(phone number) (fax)

www.photonenergy.as

(e-mail) (web site)

CZ 282 23 250

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2010-06-22 Georg Hotar Vice-chairman of the Board of Directors