Adjustment notice for the conversion ratio of the 2025 OCEANEs

Paris, 13 February 2025

No ce to holders of the green bonds conver ble into new shares and/or exchangeable for exis ng shares (OCEANE Verte) due 2025 and with a nominal value of €169,999,968.60 of Neoen (ISIN FR0013515707) (the “Bonds”)

Capitalised terms not otherwise defined in this no ce shall have the meaning given to them in the terms and condi ons of the Bonds (the “Condi ons”).

Holders of the Bonds issued by Neoen, listed on Euronext Access Paris, are hereby no fied, in accordance with ar cles 2.6.C and 2.9 of the Condi ons that, as a result of (and subject to) the AMF (Autorité des marchés financiers) having declared admissible (avis conforme), on 11 February 2025, the mandatory tender offer filed by Brookfield Renewable Holdings SAS on the shares and conver ble bonds of Neoen,

the Conversion/Exchange Ra o applicable to any Bond in respect of which the

Holders of the Bonds are reminded that, in accordance with the Condi ons:

(1)   the “Adjustment Period in case of a Public Offer” is the period from (and including) the 1^st day on which the Shares may be tendered to the aforemen oned mandatory tender offer to (and including) the date that is the earlier of (A) 10 Business Days a er the date of publica on by the AMF (or its successor) of the no ce of result of the offer or, if the offer is re-opened, the date that is 10 Business Days a er the date of publica on by the AMF (or its successor) of the no ce of result of the re-opened offer and (B) the last day of the Conversion Period (being the 7^th Trading Day preceding the Maturity Date or, as the case may be, the 7^th Trading Day prior to any early redemp on date), i.e. from 13 February 2025 to 1 April 2025;

(2)   to exercise the Conversion/Exchange Right in respect of any Bond, the holder of such Bond must make a request (which shall be irrevocable) to that effect to the Account Holder holding such Bonds in a securi es account, and:

(a)   the “Request Date” of any such exercise shall be the date on which such request shall be deemed to be made for the purposes of the Condi ons and shall be the day on which the last of condi ons (I) and (II) below shall have been sa sfied (provided that if any such condi on is sa sfied on a day which is not a Business Day, or a er 5:00 p.m.

Investor Relations Contacts:

ir@neoen.com

(Paris me) on a Business Day, it shall be deemed to have been sa sfied instead on the following Business Day):

(I)     the Centralising Agent having received the exercise request transmi ed by the Account Holder holding the Bonds in a securi es account; and

(II)   the corresponding Bonds having been transferred to the Centralising Agent by the relevant Account Holder;

(b)   the “Exercise Date” in respect of any such exercise will be deemed to be the Request Date and the corresponding Shares will be delivered within a maximum of three (3) Business Days of such Exercise Date.

Investor Relations Contacts:

ir@neoen.com