Highlights in the second quarter 2015

The reported Q2 power production was 12.3 GWh, 4.1% above the seasonal average for the period, accumulated for the year the production was 19.3 GWh, 1.5% above the seasonal average for the period.

Reported EBITDA in the quarter was EUR 3.1m, adjusted for acquisition and transaction costs, EBITDA was EUR 3.2m.

In July the company received payments for RID revenue for the period June to September last year.

The first hearing in the criminal proceedings was conducted on 3 June 2015. EAM Solar ASA and EAM Solar Italy Holding have maintained their status as victim of criminal contractual fraud.

The new hearing in the administrative court was conducted on 9 July 2015. The court accepted that by 30 July 2015 GSE must present their decision on the suspension of FIT and the court also ruled that the merits will be evaluated in the hearing in November.

In the beginning of May, the GSE conducted inspections on the 17 power plants affected by the suspension of tariffs. At the release of this report the inspection had not yet been concluded.


For further information contact:
Viktor E Jakobsen, Executive Director, phone +47 9161 1009, viktor@eam.no
Audun W. Iversen, CEO, phone +47 9161 6250, audun@eam.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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