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Enersense International Oyj

Regulatory Filings Jun 1, 2023

3314_rns_2023-06-01_9c5ac024-fe35-4437-8ccc-600865f6889d.pdf

Regulatory Filings

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Enersense to explore options to further accelerate execution of growth ambitions to become a significant zero-emission energy producer

Enersense International Plc Stock exchange release 1 June 2023 at 10:00 a.m.

Enersense has initiated an evaluation of options to further accelerate its growth ambitions within its Power segment, specifically the strategy to become a significant zero-emission energy producer. Enersense's energy production target by 2027 is 600–700 MW, of which 600 MW would be wind power and 100 MW solar power.

The options to be considered include creating a new, separate Enersense subsidiary for renewable energy development and production and engaging with external parties to identify possible partners that would support an acceleration of the growth strategy. Enersense has engaged BNP Paribas as financial advisor to assist with the evaluation.

Enersense will carefully evaluate the various options and take the necessary time to consider the best possible solution. Enersense will give an update in due course, if any concrete outcome were to materialise.

ENERSENSE INTERNATIONAL PLC Tommi Manninen SVP, Communications and Public Affairs

More information:

Jussi Holopainen, CEO  Tel. +358 44 517 4543  Email: [email protected]

Mikko Jaskari, CFO Tel.: +358 40 053 5337 Email: [email protected]

Media contacts:  Tommi Manninen, SVP, Communications and Public Affairs  Tel. +358 40 043 7515  Email: [email protected]

DISTRIBUTION: Nasdaq Helsinki

Major media www.enersense.com

Enersense in brief:

Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group's revenue in 2022 was EUR 268 million. The company has approximately 2,000 employees, with operations in Finland and internationally. Enersense's shares are listed on Nasdaq Helsinki (ESENSE). The company's investor pages can be found at www.enersense.com/investors.

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