Motivation for the issue

Since the experiments in the 1980's, the Convectron model has made decisive progress in robustness, and has developed to a full and rigorous mathematical description. This provides the motivation for a new call upon the capital market, for raising adequate funds for financing a research, development and demonstration project. The goal of the planned activities is a prototype compact industrial nuclear fusion reactor, based on a concept that has been demonstrated in nature.

Company and Issuer

For this, a new public limited company according to the laws of The Netherlands has been established: Convectron Natural Fusion N.V. (the "Company"). It warrants the rights of both the founders and the original investors in class B shares of the Predecessor, and provides the opportunity for new investments and participation in this concept with a high potential for future large-scale energy production based on nuclear fusion of abundant deuterium.

Issue of depository receipts in respect of shares

For raising the needed funds, the Company conducts a first public offering of 24,999 depository receipts in respect of new class B shares of € 0.10 nominal in its capital, at an issue price of € 100.00 per depository receipt. Both the shares and the depository receipts are in registered form. For this purpose, a new shareholding trust foundation according to the laws of The Netherlands has been established: Stichting Administratiekantoor Convectron Natural Fusion (the "Issuer"). It will act as the issuer of the depository receipts, and as the administrator of the underlying shares.

The mechanism of depository receipts

Depositary receipts provide a mechanism to separate the voting right and the economic ownership of shares. The shares are issued to and acquired by a shareholding trust, which in turn issues to the investor one depository receipt for each share it administers.