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Directors' Dealings

In accordance with Article 19 of the Market Abuse Regulation (EU) persons discharging managerial responsibilities at Phoenix Solar AG, as well as persons closely associated with them, are liable to report every transaction conducted on their own account relating to the shares of the Company to the Federal Financial Supervisory Authority (BaFin).

Such reports can be accessed in the German Corporate Register. In addition, BaFin maintains a database on their website embracing all reported and published Directors’ Dealings under the URL https://portal.mvp.bafin.de/database/DealingsInfo/.

Reports on managerial transactions in shares of Phoenix Solar AG are also available in the internet at www.phoenix-solar-group.com under the "Investor Relations", "Corporate Governance and further "Directors' Dealings" heading, where they are posted for at least one month.

Issuer:
Phoenix Solar AG
Hirschbergstraße 8
85254 Sulzemoos
Germany

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