31 August 2023
Aega ASA had revenues of EUR 919 thousand in the second quarter of 2023. This
corresponds to an increase of 26.4% compared to the same quarter last year (Q2
2022 EUR 726 thousand). EBITDA was positive with EUR 443 thousand (238) and
reflects the increased size of Aega's portfolio of solar parks.

"In the first half of 2023, our focus has largely been on optimised operations.
These were the last six months with price caps on the electricity we sell, and
we have now finished a 17-month long, and sometimes demanding, period with
regulations. We have had all our nine solar parks in full operation during the
period without major deviations", says Nils P. Skaset, CEO of Aega ASA.

"In addition, the situation in Italy is that electricity consumption is
increasing, and we saw this year's highest electricity consumption on 18 July
this summer. This is not surprising and underpins the need for both more
capacity and a more secure local energy supply in Italy. Solar power is a stated
strategy, and we therefore believe that the competition for solar parks will
increase, as will the opportunities in our business going forward. We are a
local operator with the necessary expertise on the ground and I am confident
that we are well equipped to meet these opportunities", Skaset concludes.

Attached is the company's half-yearly report for 2023.

For more information, please contact Nils P. Skaset, CEO 
+47 951 88 154 
ceo@aega.no 

About Agea 
Aega ASA is an energy company listed on Euronext Expand in Oslo. Aega's main
focus is on the solar power market. The company acquires and operates smaller
existing Italian solar power plants. In addition to being an industrial player
it also considers financial investments in the solar and renewable sector. 

The company's head offices are in Oslo (NO) and Trento (IT). For more
information, see www.aega.no

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