The management board of Photon Energy a.s. announces the signing of a mandate agreement with KPMG Česká republika Audit, s.r.o. on 3 May 2010 to serve as the auditors for Photon Energy a.s. and its subsidiaries for the financial year 2010. The appointment of the auditors will have to be confirmed at Photon Energy's Annual General Meeting.

Photon Energy and its board members are unrelated to the principals of KPMG Česká republika Audit, s.r.o.

Legal basis: § 3 ust. 1 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System"