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Virya Energy raises extra financial means from its shareholders to support future growth.

Halle, June 12, 2020 – Virya Energy, the energy holding established by Korys and Colruyt Group at the end of last year, is pleased to have reached an agreement with its shareholders for the issuance of a 2-year convertible bonds.

These convertible bonds have been fully underwritten by the shareholders of Virya Energy pro-rata their respective shareholding and confirm their strong commitment to the further growth of Virya Energy.  Virya Energy will use the proceeds of this bond to support its affiliates in their development projects and to finance the buyout transaction of the shares held by PMV in Parkwind that was announced earlier this year.

Through the bonds, Virya Energy raised an initial amount of 105 MEur. In addition, Virya Energy has the possibility to raise an additional 55 MEur during the 2-year term.

About Virya Energy

Virya Energy was founded in 2019 by Colruyt Group and Korys to combine their respective renewable energy holdings. Virya Energy currently holds participations in Parkwind, Eurowatt and Eoly Energy.

Virya Energy focuses on the development, financing, construction and operation of renewable energy assets and has the ambition to pursue its international growth. Through the combination of its participations, Virya Energy aims to foster technological and knowledge exchange between its teams and to create economies of scale to remain an important player in the rapidly evolving renewable energy industry.

Parkwind is a Belgium based company active in offshore wind energy. Eurowatt is predominantly active in French onshore wind energy but also present in the Polish, Spanish and Portuguese renewable energy spaces. Eoly Energy operates onshore wind energy assets in Belgium.

About Colruyt Group

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with approximately 570 own stores and 580 affiliated stores. In Belgium, this includes Colruyt, OKay, Bio-Planet, Cru, Dreamland, Dreambaby, Fiets! and the affiliated stores Spar and Spar Compact. In France, in addition to Colruyt stores, there are also affiliated Coccinelle, Coccimarket and Panier Sympa stores. The group is also actively involved in the foodservice business (supply of food products to hospitals, company canteens and catering businesses) in Belgium (Solucious). The other activities comprise the sale of fuel in Belgium (DATS 24), printing and document management solutions (Symeta) and the production of green energy (Eoly). The group employs over 29.900 employees and recorded a EUR 9,4 billion revenue in 2018/19.  Colruyt is listed on Euronext Brussels (COLR) under ISIN code BE0974256852.

About Korys - www.korys.be

Korys is the investment company of the Colruyt family. Today, it has more than EUR 4.5 billion of assets under management. Besides holding a significant participation in the Colruyt Group, a leading retail company in Belgium and France, it actively manages participations in privately held companies and in private equity funds. Korys has also set up proprietary funds to manage its portfolio of listed investments. Across its activities, Korys’ investment decisions are taken with a long-term perspective and on basis of strict economic (Profit), social (People) and ecological (Planet) criteria. Korys aims to create sustainable value in three major ecosystems: Life Sciences, Energy Transition and Conscious Consumer. To do this, Korys can count on a motivated team of 30 professionals based in Belgium and Luxembourg.

Press Contact – Virya Energy

Paul TUMMERS – paul.tummers.virya@gmail.com / tel: 0475/43 50 43

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