Milan, 6th February 2025 – ContourGlobal has successfully closed its debut corporate-level offering of Green Bonds, marking a significant milestone in the Company’s strategic transition to become a predominantly renewable Independent Power Producer (“IPP”).

Encountering strong investor interest across the United States and Europe, the offering of Green Bonds was 4.5 times oversubscribed. ContourGlobal issued €500 million in aggregate principal amount of 5.00% green senior secured notes due 2030 and US$510 million in aggregate principal amount of 6.75% green senior secured notes due 2030.

ContourGlobal intends to allocate an amount equivalent to the net proceeds from the issuance to acquire and/or develop certain Eligible Green Projects ¹⁾, which will enable the expansion of ContourGlobal’s renewable project pipeline, accelerate the decarbonization of its portfolio, and facilitate the repurposing and decommissioning of its largest emission-intensive assets as part of its broader sustainability strategy.

This issuance is a key pillar of ContourGlobal’s comprehensive strategy to become a predominantly renewable IPP by 2030. The Company’s transition path relies on:

• Phasing out coal no later than 2027 to significantly reduce carbon emissions.

• Accelerating renewable energy development to expand installed renewable capacity, particularly in solar and wind technologies.

• Significantly scaling up battery storage to support the energy transition and enhance grid stability.

• Phasing out, or converting, liquid fuel assets to high-efficiency natural gas plants to decarbonize existing operations in the portfolio.

Sustainability at the Core of the Issuance

The Green Bond Framework includes a combination of renewable as well as decarbonizing and transitional projects. ContourGlobal expects these projects to significantly reshape the Company’s emissions profile and overall carbon footprint. This is further supported by ContourGlobal’s emission objectives such as reducing carbon intensity by 40% by 2030, compared to 2022 levels; setting a voluntary Scope 3 emissions’ reduction target of 15% by 2030, compared to 2022 levels; and achieving Net Zero emissions by 2040.

ContourGlobal’s Green Bond Framework was independently reviewed by Sustainable Fitch, resulting in a Second Party Opinion rating of “Excellent” and confirming its alignment with recognized sustainability principles and the International Capital Market Association’s (ICMA) Green Bond Principles 2021. Sustainable Fitch has also reviewed ContourGlobal’s transition assessment resulting in a “Substantial Transition =” rating, indicating substantial progress in its transition efforts to reach Net Zero.

Antonio Cammisecra, ContourGlobal CEO, commented: “The first corporate-level Green Bond issuance in our almost 20 years history underscores our dedication to growth and transformation into a more sustainable IPP. We intend to continue to invest in renewable energy, battery storage, and innovative technologies, delivering value to our stakeholders while supporting the global fight against climate change. I’m very pleased with the positive market response to our new strategy and with the successful outcome of this Green Bond issuance, which reflects our ongoing efforts to engage with a diverse range of investors who are committed to a low-carbon economy. This also provides meaningful contributions to the United Nations Sustainable Development Goals (SDGs) 7 (Affordable and Clean Energy) and 13 (Climate Action)”.

The issuance was supported by Goldman Sachs International and KKR Capital Markets in the role of Joint Global Coordinators and Joint Physical Bookrunners as well as BNP PARIBAS, Crédit Agricole Corporate and Investment Banking, HSBC and Mizuho in their roles of Joint Physical Bookrunners and Joint Bookrunners, as applicable. ContourGlobal was supported by Kirkland & Ellis International LLP and Hogan Lovells (Luxembourg) LLP for legal matters. Cravath, Swaine & Moore LLP acted as legal advisor to the initial purchasers, while Wilmington Trust, National Trust acted as Collateral Agent and U.S. Bank Trustees Limited acted as Trustee.

^{Forward-Looking Statements}

_{This announcement may include forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “plan,” “project,” “should,” “target,” “will” or “would” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts and include statements regarding ContourGlobal’s or its affiliates’ intentions, beliefs, assumptions or current expectations concerning, among other things, ContourGlobal’s or its affiliates’ results of operations, financial condition, liquidity, prospects, growth, strategies and dividend policy and the industries in which they operate. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not place undue reliance on these forward-looking statements. Many factors may cause ContourGlobal’s or its affiliates’ actual results of operations, financial condition, liquidity and the development of the industries in which they operate to differ materially from those contained in or suggested by the forward-looking statements contained in this announcement. In addition, even if ContourGlobal’s or its affiliates’ results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.}

^{Offer and Distribution Restrictions}

_{Any materials relating to offering of the Green Bonds, including this announcement, do not constitute, and may not be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law. The Green Bonds were offered only to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act, subject to prevailing market and other conditions. The Green Bonds and the guarantees thereof have not been and will not be registered under the Securities Act or the securities laws of any state of the United States or any other jurisdiction and may not be offered or sold in the United States absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. [This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Green Bonds, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.]}

_{¹⁾Eligible Green Projects are described in the Company’s Green Bond Framework available on its website at www.contourglobal.com/reports.}