ZAPORIZHIA WIND FARM PROJECT LONGWING ENERGY September 2019 LongWing Energy | Private & Confidential LONGWING OVERVIEW LongWing Energy | Private & Confidential | January 2019 Business model: acquire, develop, finance, construct and operate Highly. LongWing profitable Energy (onLongWing-shore) waswind established and solar in 2013 assets as an – Independent current markets Power Producer France, (IPP) Poland to build, and own Ukraineand operate onshore wind parks and solar power plants in high-growth markets across Europe Onshore Onshore wind and solar power projects in operation, ready- Wind and to-construct and late-stage development Solar Power . 37.5 MW in France Generation . 299 MW in Poland Assets . 500 MW in Ukraine Geographical footprint: France, Poland and Ukraine Geographical . Stable long-term Power Purchase Agreements footprint (PPAs) . Significant growth in yearly installed capacity Acquire, Target total installed capacity of c. 1 GW finance, construct and operate Secured assets / attractive growth Operational excellence achieved by a best-in-class project Attractive management & control team Operational Synergies Proven technology and reputable maintenance service providers Balanced capital structure Strong Financials Optimized project finance structures LongWing Energy | Private & Confidential | January 2019 3 Aggregating, constructing and operating wind / solar projects Ready to Construct Commercial Operation (RTC) Date (COD) Value Creation per MW OPTIMIZE POINT OF ENTRY ON PROJECT PURCHASE . Secure high quality projects 25+ YEAR OPERATIONS close to Ready-to-Construct . Avoid high prices paid by investors who invest only at CONSTRUCTION LONG-TERM OWN AND OPERATE Commercial Operation Date . Long-term (25 year) IRR APPLY ‘INSTITUTIONAL QUALITY PLAN’ . Optimize; finance; construct . Turning ‘non-institutional’ assets into ‘institutional’ assets . Capital value creation through construction LONGWING ASSET MANAGEMENT Years 3-7 years 9-12 months 25 years Development Construction + Asset Management actors Project Project main LongWing Energy | Private & Confidential | January 2019 4 ZAPORIZHIA PROJECT OVERVIEW LongWing Energy | Private & Confidential | January 2019 Ukraine Renewable Energy Market : huge potential for wind energy production In 2016, electricity from renewable energy represented 7.3% of final energy consumption; one of the lowest rate among the European countries Yet, Ukraine has become an excellent investment opportunity in the renewable energy sector because of : . Its favourable geographical position which has a positive impact for electricity generation from solar and wind energies. The country benefits from world class wind resources and a large availability of land . the new legislation asserted by the National Action Plan which aim to increase the share of Ukraine electricity form renewable energy up to 11% by 2020 Utility-scale wind energy project required to achieve 11% Shares of energy from renewable sources renewable target (in % of gross final energy consumption) Investment in renewables (in EUR mln) 1200 17% 52 17% 16% 15% 1000 15% 247 Other Wind Solar 800 13% 11% 11% 12 11% 600 9% 95 9% 8% 400 7% 90 7% 18 30 200 158 16 34 22 5% 0 462 835 140 129 172 0 39 2012 2013 2014 2015 2016 2017 Source: Eurostat Source: IRENA Renewable Power Generation Costs in 2017, IRENA Global landscape Renewable Energy finance 2018, NEURC LongWing Energy | Private & Confidential | January 2019 6 Geographical Location UKRAINE Kyiv RUSSIA Zaporizhia Zaporizhia Region Mariupol ‘ ’ Odessa 500 MW Wind Park LongWing Energy | Private & Confidential | January 2019 7 Project Highlights Full Project: Phase 1 (under construction): • 167 wtgs locations secured • 147km 330kV cable • 500MW Building Permit obtained • 500MW Grid Connection • 117km Medium Voltage cable • 7 years birds and bats monitoring • 43km of internal roads • 24 300 cubic metres of concrete LongWing Energy | Private & Confidential | January 2019 8 EXAMPLES OF SOCIAL INVESTMENTS LongWing Energy | Private & Confidential | January 2019 Social aspects HEATING SYSTEM - Nadezhdine Village, Pryazovske District . Extension of 4.7km of Natural Gas Pipeline . Spring 2015 INFRASTRUCTURE - Mordvynivka Village . Street Light Installation . School Heating System . Renovation and Window Replacement . Roof Replacement of Community Center . March August 2016 INFRASTRUCTURE - Mordvynivka Village . Reconstruction of Rural Health Post . Reconstruction of Village Council Building . Purchase of a Car for Village Council . Spring 2013 - Fall 2014 LongWing Energy | Private & Confidential | January 2019 10 Social aspects INFRASTRUCTURE - Dobrivka Village . Reconstruction of Community Center Phase I . Spring 2015 INFRASTRUSTURE - Dobrivka Village . Reconstruction of Community Center Phase II . Purchase of Public Benches and Rubbish Bins . January 2017 INFRASTRUSTURE - Nadezhdine Village . Roof and Window Replacement . Spring 2013 - Fall 2014 LongWing Energy | Private & Confidential | January 2019 11 Social aspects WATER - Nadezhdine Village . Phase I Water Tower/Main Water Pipeline Replacement . Spring 2013 – Spring 2015 WATER - Nadezhdine Village . Phase II Water Tower/Main Water Pipeline Replacement . June, July 2016 HEALTH – Melitopol and Pryazovske District . Purchase of 4 Ambulances . August 2010 LongWing Energy | Private & Confidential | January 2019 12 Social aspects HEALTH – Melitopol District . Medical Equipment Purchase . July 2016 EDUCATION - Divnynske Village . Roof Reconstruction of Kindergarten . Equipment Purchase . June, December 2016 EDUCATION – Dunaivka Village . Reconstruction of Grade School Gymnasium . Reconstruction of Rural Health Post . Spring 2015 LongWing Energy | Private & Confidential | January 2019 13 LongWing Energy S.C.A. 58, rue Charles Martel L - 2134 Luxembourg www.lwg.lu LongWing Energy | Private & Confidential | January 2019 14 .