30 November 2023

Today, 30 November 2023, the first hearing was conducted before the Fifth
Section of the Court of Appeal of Milan in relation to the ongoing criminal case
brought by the Italian State for subsidy fraud, and for contractual fraud
against EAM Solar ASA. 
The Criminal Court decided that the next hearing for substantive discussions
will take place on 5 March 2024. Furthermore, the Court identified, as a target
date, 20 March 2024 for hearing replies and for issuing its final decision in
the criminal appeal procedure. 

Reference is given to the stock exchange notice of 8 August and the third
quarter report 2023. The Milan Chamber of Arbitration still intends to produce
its final award in the matter between EAM Solar ASA and Aveleos SA by 26 January
2024. 

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
   
About EAM Solar ASA: EAM Solar ASA is a utility company that acquires and
operates solar power plants. The Company currently owns solar PV power plants in
Italy. The plants are operating under long-term sales contracts. In addition,
the Company's business is lawsuits in relation acquisition of solar power
plants.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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© Oslo Bors ASA, source Oslo Stock Exchange