Ellomay Capital Announces Acquisition of 85% of a Photovoltaic Plant with an Aggregate Capacity of 2.275 MWp in Spain

Ellomay Capital Ltd.

announced today that a Spanish company, in which the Company indirectly owns 85%, entered into share purchase agreements and an asset purchase agreement with Conergy España, S.L.U in connection with the acquisition of a photovoltaic plant with fixed technology located in Cordoba, Spain with a total nominal output of 1.89 MWp, and a peak power output of 2.275 MWp and of related licenses. The remaining 15% of the Spanish company are held by a Spanish company engaged in providing construction, operating and maintenance services for photovoltaic plants in Europe and elsewhere, whose subsidiary has built and is currently providing operation and maintenance services for several of the Company's photovoltaic plants in Italy. The Rinconada II PV Plant is constructed and operational and has been connected to the Spanish national grid since July 2010. The Rinconada II PV Plant is entitled to receive the Spanish special economic regime for renewable energies. Pursuant to the Agreements, the 85% owned Spanish subsidiary of the Company purchased all of the outstanding shares of Spanish