Statement on the launch of the Kosovo e Re EPC procurement process

ContourGlobal Kosovo L.L.C. announces today the start of its initial selection process for applicants to provide the Turnkey Engineering, Procurement and Construction Contract in respect of the Kosovo e Re Power Plant Project.

The process of selection is a two-stage international competitive tender following applicable World Bank Procurement Guidelines. It consists of an initial selection process followed by requests for proposals. The deadline for applications for initial selection is 2nd August 2018.

Kosovo e Re Power Plant Project

The Government of Kosovo has recognized the need for additional power plant capacity to meet the long-term security-of-supply concerns present in Kosovo and provide the country’s necessary baseload electricity. As part of this strategy, the Kosovo e Re Power Plant will replace the current outdated units of the Kosovo A Power Plant.

The plant marks a milestone for the domestic economy. It will represent the biggest foreign direct investment in the country and help to create approximately 10,000 jobs during the construction phase. It will improve the stability of power supply, putting an end to the €300 million loss per year caused by the current unreliable power supply in Kosovo.

The new plant will result in greatly improved air quality by reducing the emissions of main polluters and will contribute to the improved health of people living and working in the region. Dust emissions will be reduced by 93%, while SOx and NOx will be reduced by 84% and 93% respectively, with CO2 being cut by 37%.

It is expected that the request for proposals will be made in August 2018. Financial close and construction are expected to begin in December 2018.

Joseph Brandt, Founder and CEO of ContourGlobal, said: "Kosovo e Re is the necessary cornerstone for Kosovo’s future energy supply. The power plant will secure reliable baseload power, jobs and growth. This investment is fully supported by ContourGlobal’s mission to improve lives by offering reliable and accessible electricity, to promote economic growth and social well-being through the elimination of poverty, and to make the places where we work better because we are there. We are pleased to be moving forward with the project."

Enquiries:

Potential applicants – ContourGlobal

kosovo.procurement@contourglobal.com

Investor Relations - ContourGlobal

Gregory Johnson

Tel: +44 0207 355 7321

gregory.johnson@contourglobal.com

Media - Brunswick

Charles Pretzlik/Simon Maine

Tel: +44 (0) 207 404 5959

Contourglobal@brunswickgroup.com

Notes to Editors

ContourGlobal is an international power-generation company with approximately 4,305 MW in operation in 18 countries and three continents. ContourGlobal operates a portfolio of 100 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.