EAM Solar

Report Publication Announcement • Oct 24, 2024

EAM Solar AS third quarter and 9 months 2024 financial report

EAM Solar AS third quarter and 9 months 2024 financial report

24 October

The quarterly report is attached this stock exchange notice and available on the Company's website.

Third quarter and 9 months financial report highlights;

EBITDA for the quarter was EUR 31 thousand and minus EUR 89 thousand year-to-date. EBITDA adjusted for litigation costs was EUR 185 thousand in the quarter and EUR 160 thousand year-to-date.

The company is currently conducting an equity issue of between 100 000 000 and 250 000 000 new shares at a subscription price of NOK 0.10 per share. The subscription period started 17 October and ends on 31 October. Subscription for news shares are reserved to shareholders of the Company as of 30 October 2024. A successful conclusion of the equity issue is necessary to secure going concern.

GSE reinstated the FIT subsidy for the ENFO25 power plant in October. This affects the full year 2024 financial reporting through recognition of FIT revenues to ENFO 25.

The most important event in the third quarter was the court decision by the Milan Court of Appeal of 4 July. The decision was appealed to the Supreme Court of Cassation by the Company on 10 October.

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.