ST GRIEDE PERMIT – TRIBUNAL JUDGEMENT FULLY SUPPORTS GAS2GRID...

ST GRIEDE PERMIT – TRIBUNAL JUDGEMENT FULLY SUPPORTS GAS2GRID

Gas2Grid Limited (“Company”) is very pleased to announce that the Administrative Tribunal of Pau in France
has handed down a judgement last week that fully supports the Company as follows:

1. Annulment of the decision of the French Ministers made in September 2015 to refuse the renewal of St Griede permit;

2. Instruction to the Ministers to grant, within 30 days, a 5 year extension to the St Griede permit commencing from 3 November 2016;

3. A penalty, to the French Government, of Euros 3,000 for each day that the grant of the permit extension is delayed.

a nice compo deal to fund the Philippines operation would be a great outcome here I think.

glta