Short Form Notice of Proposed Derivative Settlement - Seite 2

1. Your name, legal address, and telephone number;
2. The case name and number (In re Ormat Technologies, Inc. Derivative Litigation, Case No. 18-cv-0049);
3. Proof of being a Ormat stockholder as of the Record Date, December 2, 2020;
4. The date(s) you acquired your Ormat shares;
5. A statement of each objection being made;
6. Notice of whether you intend to appear at the Settlement Hearing (you are not required to appear);
7. Copies of any papers you intend to submit to the Court, along with the names of any witness(es) you intend to call to testify at the Settlement Hearing and the subject(s) of their testimony; and
8. The identities of any cases, by name, court, and docket number, in which the objector or his, her, or its attorney has objected to a settlement in the last three years.

Only stockholders who have filed and delivered valid and timely written notices of objection will be entitled to be heard at the Settlement Hearing unless the Court orders otherwise.

If you wish to object to the proposed Settlement, you must file the written objection described above with the Court on or before February 22, 2021.

Any Ormat stockholder as of December 2, 2020 who does not make his, her or its objection in the manner provided herein shall be deemed to have waived such objection and shall be forever foreclosed from making any objection to the fairness, reasonableness or adequacy of the Settlement as incorporated in the Stipulation and/or to the separately negotiated attorneys’ fees and expenses to Plaintiffs’ Counsel, unless otherwise ordered by the Court, but shall otherwise be bound by the Judgment to be entered and the releases to be given.

Inquiries may be made to Plaintiff’s Counsel:
Thomas J. McKenna, Gainey McKenna & Egleston, 501 Fifth Avenue, 19th Floor, New York, New York 10017, telephone: [phone], facsimile:  212-983-0383

PLEASE DO NOT CONTACT THE COURT REGARDING THIS NOTICE
DATED:  December 2, 2020

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¹ This notice should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation, which has been filed with the United States District Court for the District of Nevada.  A link to the Form 8-K filed with the SEC containing the text of the Stipulation may be found on the Company’s website at the Investor Relations page at https://investor.ormat.com/corporate-profile/default.aspx.  All capitalized terms herein have the same meanings as set forth in the Stipulation. 

Ormat Technologies Contact:
Smadar Lavi
VP Corporate Finance and Head of Investor Relations
775-356-9029 (ext. 65726)
[e-mail]