TRANSITION EVERGREEN: Activity of Transition Evergreen participations in the 3rd quarter of 2023 – 10/30/2023 at 08:00

• Evergaz:
  
  Fundraising of €20 million from Bpifrance and Eiffel Investment Group to accelerate its development

• EverWatt:
  
  New progress on the BoucL Energie project in Saint-Martin-d’Hères

• SAFRA:
  
  New order for 10 HYCITY hydrogen buses
  
  ^®
  
  and signing of a partnership with Hyliko for the hydrogen retrofit of heavy goods vehicles

• Everwood:
  
  International external growth operation on forestry asset management

Paris – October 30, 2023 – 8:00 a.m.

Evergreen Transition (FR0000035784 – EGR)

1

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investment fund listed in France dedicated to the ecological transition and the reduction of the carbon footprint, provides an update on the activity of its main participations on 3

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quarter 2023.

Evergaz: fundraising of €20 million from Bpifrance and Eiffel Investment Group to accelerate its development

The Evergaz Group recently announced an issue of bonds convertible into shares (OCA) for an amount of €20 million subscribed by the ETI 2020 funds of Bpifrance and Eiffel Gaz Vert of Eiffel Investment Group, key players in the energy transition. .

This fundraising constitutes a new step in the acceleration of the strategic growth plan for Evergaz’s activities on a European scale, which is based on three main areas of development:

1. Continued development through acquisition or construction of new units, in the field of agricultural and industrial territorial methanization in countries where Evergaz is already present (France, Belgium and Germany) and deployment of the Group’s activities in new geographies in very shortly ;

2. Acceleration of the optimization and extension program for French, German and Belgian sites of the existing fleet;

3. Human and material investments to support on-board growth (treatment of biowaste, production of biogenic CO2, heat recovery, etc.) on the Group’s units.

The news was also supported on 3

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quarter 2023 operationally:

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  July 2023, Evergaz took charge of the operation, as well as the commercial, administrative and financial management, of the SAM methanization unit, located in the Center Region – Val de Loire in the commune of Lamotte-Beuvron (Loir-et- Dear). This site has a biomethane injection capacity of 200 Nm
  
  ³
  
  /h. SAM is today owned equally between the municipality of Lamotte-Beuvron, the Fédération Française de l’Equitation and Metha Finances (which brings together farmers, an insurance company and an agri-food company);

• In July 2023, Evergaz took a 30% stake in three BioNGV stations (Bressandière, Pierrailleuses and Thouarsais), located in the Deux-Sèvres department, co-developed with SEOLIS, a multi-energy supplier, producer of electricity from renewable sources, distribution network manager, which remains a shareholder with 70% of the capital. Evergaz will be responsible for monitoring the operation, maintenance and invoicing of these three stations;

• In September 2023, Evergaz acquired the entire capital of the two Belgian sites, AM-Power and Bio-NRGY. Evergaz previously held 49% of the AM-Power site (installed capacity of 7.5 MWe) and 75% of the Bio-NRGY site (installed capacity of 2.9 MWe). This double acquisition of 100% of the capital allows Evergaz to take full operational control of these two sites;

• Finally, the Bioenergaz site entered service in mid-September, in accordance with schedule. This site is 51% co-owned by a local pig breeder and 49% by a joint company co-owned with SICAE Oise. Bioenergaz, has a biomethane injection capacity of 175 Nm
  
  ³
  
  /h. Its ramp-up is taking place in excellent conditions and more quickly than expected.

Evergaz also continues to study various options to continue financing its growth which could result, depending on market conditions, in an IPO.

EverWatt: new progress on the BoucL Energie project in Saint-Martin-d’Hères

BoucL Energie, a subsidiary of EverWatt, has obtained two building permits for its first energy loop project in the town of Saint-Martin-d’Hères (Isère), as well as the signing of electricity purchase contract promises by two consumers of this loop. For the record, the ZAE

[1]

de Saint Martin d’Hères is BoucL Energie’s first collective self-consumption pilot project and is intended to be subsequently duplicated in other ZAEs in France.

At the same time, BoucL Energie also signed for 1.6 MWp as part of another collective self-consumption project in the town of Wissous (Essonne).

Finally, EverWatt and its subsidiary Sunvie, designer, integrator and operator of solar power plants, have strengthened their synergies by having responded together to more than 4 MWp of projects with the aim of complementing their offers and offering their customers a third-party solution. asset financing or the possibility of investing directly in solar power plants.

SAFRA: new order for 10 HYCITY® hydrogen buses and signature of a partnership with Hyliko for the hydrogen retrofit of heavy goods vehicles

SAFRA recently announced a new order for 10 latest generation hydrogen buses, HYCITY.

^®

intended for the metropolis of Clermont Auvergne, which will be delivered in mid-2024.

This order was carried out as part of a global energy transition project called

Inspired

which brings together all the facets of a complete hydrogen ecosystem led by Clermont Auvergne Métropole and the SMTC-AC

[2]

, with KEOLIS as project manager. KEOLIS will coordinate all the partner companies involved in the implementation of the project, from the production of renewable hydrogen, to the refueling of the fleet and the sharing of experience acquired while ensuring the operation and maintenance of the vehicles for a duration of 10 years from the start of the 2024 school year.

Furthermore, SAFRA and Hyliko, the first hydrogen mobility platform for road freight transport, announced in September the signing of a memorandum of understanding for the hydrogen retrofit of heavy goods vehicles in series.

The vehicles will be supplied by Hyliko and retrofitted at the SAFRA factories in Albi. The retrofit will consist of replacing the existing diesel engine with a hydrogen hybrid powertrain and renovating the vehicle.

Drawing on their respective expertise and their complementarities, SAFRA and Hyliko share a common vision to accelerate the energy transition of road freight transport. This strategic collaboration marks a major step forward in the decarbonization of this sector in France.

In addition, to continue supporting its development, SAFRA continues to study various financing options which could result, depending on market conditions, in an IPO.

Everwood: international external growth operation in the field of sustainable forest management

Everwood continues to consolidate its position as a player in sustainable forest management and is continuing its discussions to become, by the end of the year, the majority shareholder of an international forest asset management group on behalf of third parties .

About Transition Evergreen

Transition Evergreen is the 1

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investment fund listed in France dedicated to the ecological transition and the reduction of the carbon footprint.

Transition Evergreen, with the expertise of its management company Aqua Asset Management, intends to provide a concrete response to the challenges of building a carbon-free world by investing in French and European companies. A true accelerator of green growth, Transition Evergreen aims to finance French and European SMEs, drivers of growth and which make the ecological transition the vector of their development.

Transition Evergreen holds interests mainly in the following companies:

Evergaz

one of the leaders in the biogas industry in France,

C4

integrated biogas operator in Germany,

EverWatt

producer of decentralized renewable energy,

Everwood

a player in sustainable forest management as well as

Safra

French player in the hydrogen bus and carbon-free mobility market.

Transition Evergreen has received the Greenfin label, a label which guarantees the green quality of investment funds and is awarded to funds which take into account environmental, social and governance (“ESG”) criteria in the construction and operation of their portfolio , respect the exclusion criteria set by the label and have a positive impact on the energy and ecological transition. Transition Evergreen has also received the “Relance” label intended for investment funds which support economic recovery by reinforcing the equity or quasi-equity of French companies.

Transition Evergreen is listed on Euronext Paris, compartment C (ISIN FR0000035784). Transition Evergreen is PEA-PME eligible.

More information at www.transition-evergreen.com.

Contacts

Disclaimer

We remind you that any investment carries a risk of loss of total or partial capital. For further information regarding the risks relating to an investment in the Transition Evergreen fund, please refer to the “Risk Factors” section of the URD. It is also recalled that past performance does not predict future performance and that performance is not constant over time.

[1]

Economic Activities Zone

[2]

Joint Public Transport Union of the Clermont metropolitan area

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