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Statement of EVN AG

EVN AG, majority shareholder in Hydro Power Company Gorna Arda AD, informs all stakeholders that the project for the realization of Gorna Arda hydro power cascade is put on hold. This is reported in the financial report of EVN AG for the first quarter of 2016/17.

The shareholder agreement between EVN AG and NEK for establishing a company for the construction of Hydro Power Cascade Gorna Arda was signed on July 19, 2010.