Athena Investments A/S: Sale of Gehlenberg wind farm

Company Announcement No. 19/2017

                                                    Copenhagen, 20 December 2017

Athena Investments A/S ("Athena"), former Greentech Energy Systems A/S, signed
an agreement for the sale of its German wind farm Gehlenberg to Energiequelle
GmbH ("Energiequelle"). 

As announced in the Interim Financial Report for H1 2017, the Management of
Athena has been pursuing opportunities for the disposal of the Company's German
asset. In continuation hereof, Athena today signed an agreement for the sale of
its German wind farm Gehlenberg to Energiequelle, a privately-owned company
which develops, constructs and manages renewable energy projects in Germany and
Europe. Furthermore,Energiequelle has been involved in the construction of the
Gehlenberg wind farm and has been its technical manager since then. 

The wind farm consists of 13 turbines for a total net capacity of 23.4 MW and
commissioned in December 2001. 

The total transaction price for the wind farm amounts to EUR 9.0M.

After the satisfaction of some conditions precedent, Athena expects to complete
the transaction within Q1 2018. 

Athena's Chairman Peter Høstgaard-Jensen comments: "The sale of the Gehlenberg
wind farm represents the exit of Athena from the German market. Confirming the
continuation of Athena's "portfolio rotation" strategy, the disposal gives
Athena the possibility of reinvesting the equity in other profitable and
accretive assets". 

The Board of Directors

                                        For further information, please contact:
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: [phone]
                                  Alessandro Reitelli, CEO, Tel: [phone]

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=657815