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Press Release

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Shareholder notification: PMV

22/03/2010

19 March 2010 – 18h00 CET – Regulated Information 


Antwerp –Thenergo (EuronextBrussels: THEB), a leading developer and operator of decentralized clean energyprojects, received the following notification: 

ParticipatieMaatschappijVlaanderen

  • Date of threshold crossing: March 11th 2010
  • Date of notification: March 17th 2010
  • Shareholder: ParticipatieMaatschappij Vlaanderen
  • Voting rights previous notification: 1,023,034
  • Voting rights current notification: 1,728,118
  • Percentage of voting rights: 7.85%
  • Denominator: 22,020,588

PMV now holds 6,157 convertible obligations with an exerciseperiod until December 31st 2010. A maximum of 3,452,005 votingrights can be obtained after the conversion or the exercise of these obligations.The number of voting rights that PMV can obtain is variable because theconversion price can vary. The conversion price lies within a fixed price range(€ 2.04 until € 3.55) and the final conversion price will be (within theboundaries of the price range) equal to:

  • the issue price of the shares within the framework of a private placement, or
  • the average closing exchange rate of thirty days preceding the written notification by the holder of the Convertible Obligations of its right to conversion, or
  • the bottom price of € 2.04 at conversion on the final expiry date.

AboutThenergo

Based in Belgium, Thenergo is a fast growing, fully integrated and independentdeveloper and operator of sustainable energy projects using biogas, naturalgas, bio-oil and woody biomass. Thenergo creates value for its partners andshareholders as a one-stop provider of sustainable energy solutions,transforming renewable fuels into electricity and heat.

For more information, please contact:

Chris Belien

General Counsel & Secretary

T.: +32 3 292 96 99

Chris.belien@thenergo.eu 

Caroline Kerremans

Communications Manager

T.: + 32 3 292 97 01

Caroline.kerremans@thenergo.eu 

Gateway House, Brusselstraat 59               

B-2018 Antwerp                                                       

Belgium

This press release and the notification are made available through ourcorporate website www.thenergo.eu.                

 

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