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Ormat Technologies Announces Completion of Share Exchange Transaction (Financial Content - News Release)

Company also to be Included in the Tel Aviv Stock Exchange (TASE) Flagship Index TA-25

Ormat Technologies, Inc. announced today that further to its news release on November 10, 2014, the company completed the share exchange transaction with its parent entity, Ormat Industries Ltd. (OIL) following which, it became a non-controlled public company and its public float increased from approximately 40% to approximately 76% of its total shares outstanding.

Under the terms of the share exchange, OIL shareholders received 0.2592x shares for each share in OIL, or an aggregate of approximately 30.2 million shares, reflecting a net issuance of approximately 3.0 million shares (after deducting the 27.2 million shares that OIL held in Ormat Technologies). Consequently, Ormat Technologies' total shares outstanding increased from approximately 45.5 million shares to approximately 48.5 million shares.

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