EAM Solar

Legal Proceedings Report • Jul 7, 2022

EAM Solar ASA: Company will appeal the Oslo District Court decision

EAM Solar ASA: Company will appeal the Oslo District Court decision

7 July 2022

Reference is given to the stock exchange notices issued the 1st and 4th of July 2022.

The Company has decided to appeal the decision by the Oslo District Court to the Borgarting Appellate Court.

The Appeal will be submitted to the Court no later than the 15th of July 2022.

The Company and its legal counsel deems that the reasons for an appeal are substantiated in both factual errors as well as wrongful interpretation of the law in the decision made by the Oslo District Court on the 1st of July 2022.

For further information, please contact:

Viktor E Jakobsen, CEO, 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 solar power plants.

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