GLOBAL ECOPOWER (EPA:ALGEP) Global EcoPower : Crowdfunding campaign gets off to a fine start, with over €200,000 raised in two months.

Transparency directive : regulatory news

04/03/2020 18:00

PRESS RELEASE
Meyreuil (France), 4th March 2020

CROWDFUNDING CAMPAIGN GETS OFF TO A FINE START, WITH OVER EUR200,000 RAISED IN
                                 TWO MONTHS

Global EcoPower (FR0011289198 - ALGEP) is pleased to announce it has so far
raised more than EUR200,000 as a result of its crowdfunding campaign on French
platform Tudigo, allowing individuals to support the construction of an
innovative complex in Payra-sur-L'Hers, in southern France, by subscribing to
convertible bonds.

This crowdfunding campaign provides a unique opportunity for people seeking to
invest in this project to spur ecological transition. The complex will combine
the cultivation of spirulina with the production of renewable energies through
a combination of self-consumption and positive green electricity. It will also
be the biggest organic "premium spirulina" production plant in France,
targeting an output of 70 tonnes p.a. and the creation of over several dozen
local jobs.

The transaction's success will also allow GEP to apply an even more
advantageous electricity resale rate of EUR83 per MWh, thanks to a government
bonus for crowdfunding projects in the renewable energy field.

GEP has already invested EUR9m of its own funds in this project and signed a
long-term financing agreement for EUR26m in July 2019 to balance its EUR35m
investment budget. Construction of the complex is already underway and it is
expected to start operating in mid-2020.

Reminder of convertible bond subscription terms:

* Issuer: VIGNES 1 (wholly-owned subsidiary of the company Complexe
  Algo-Solaire de L'Hers, itself a wholly-owned subsidiary of GEP). VIGNES 1
  is the owner of a block of six solar greenhouses.
* Amount: EUR349,100
* Maturity: 4 years
* Minimum investment: EUR100
* Yield: 6.5% p.a. gross
* Redemption of capital at maturity
* Annual interest payments
* Parent company GEP's guarantee

All information concerning this project is available on the following website:
www.gep-payra.tudigo.fr

About Global EcoPower:

GEP is a key player in the green industry, with two business lines:

* Its historical business is the construction of renewable power plants using
wind, photovoltaics and biomass as energy sources. GEP has a presence across
the value chain, from construction to power plant operations. So far, it has
built and commissioned more than 10 power plants, representing over 150MW in
installed power capacity;

* A new higher value-added activity building and developing Green Energy
Business complexes, including an eco-business consuming high amounts of
energy.

GEP is currently in the process of building France's first "algo-solar" complex
in Payra-sur-L'Hers (southern France), combining green energy and spirulina
production. This complex not only enables the production site to be fully
self-sufficient in terms of its energy needs, but it can also produce a surplus
of power, which will have a significant positive impact on operating
profitability.

In 2018, GEP generated EUR24.6m in revenue, operating income of EUR4.8m and a
net profit of EUR2.7m. GEP is listed on the Euronext growth stock exchange in
Paris (ISIN code: FR0011289198 - Ticker: ALGEP). The company is eligible for
the SME personal equity plan (PEA-PME).

The Green Energy Business in a few words...

As part of the ecological transition process, the Green Energy Business refers
to the combination of green energy production with environmentally-friendly
industrial activity, so as to minimise environmental impact. The Green Energy
Business involves the construction of positive green energy complexes which
ensure a sustainable cost price of green products by consuming the energy they
produce.

GLOBAL ECOPOWER
Philippe Perret
Deputy Chief Executive Officer
contact@global-ecopower.com
+ 33 4 42 24 50 16

ACTIFIN
Christophe de Lylle
Financial Communication
cdelylle@actifin.fr
+ 33 1 56 88 11 11

ACTIFIN
Aminata Doucouré
Press Relations
adoucoure@actifin.fr
+ 33 1 56 88 11 23

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07/07/2020 19:17

GLOBAL ECOPOWER (EPA:ALGEP) Global EcoPower : Crowdfunding campaign gets off to a fine start, with over €200,000 raised in two months.

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