EAM Solar

Legal Proceedings Report • Mar 6, 2024

EAM Solar ASA: Legal status update: Criminal Appeal Court of Milan postpones next hearing to May 2024

EAM Solar ASA: Legal status update: Criminal Appeal Court of Milan postpones next hearing to May 2024

6 March 2024

Yesterday, 5 March 2024, was the first of two scheduled hearings for final arguments 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.

EAM Solar ASA has been informed that the second hearing has been postponed from the 20 March until 16 May 2024. We are also informed that the Appeal Court intends to issue its ruling on this same date, after the conclusion of this hearing.

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.