EAM Solar

EAM Solar ASA : Litigation Funding Agreement with Therium

26 June 2017

EAM Solar ASA ("EAM" or "the Company") has entered into a Litigation Funding

Agreement ("LFA") with the international specialist litigation fund Therium

Litigation Funding IC ("Therium"), which is part of the Therium Capital

Management Group.

Following a comprehensive due diligence of the legal and financial claims of

EAM, Therium has decided to invest in the Company's litigation claim against

Aveleos, its directors, Enovos and Avelar.

The LFA secures part of the funding of legal costs of the various legal

processes in Luxembourg, Italy and Switzerland that EAM is conducting in order

to pursue justice and to recover the financial losses inflicted on EAM in

conjunction with the P31 fraud. In addition, EAM has established an underwriting

consortium that will underwrite an equity issue of NOK 30 million (see separate

stock exchange notice).

Therium has committed to invest a maximum amount of up to EUR 2.3 million

divided into three tranches of EUR 775 million for the three years from 2017 to

2019. Therium may choose not to invest more than the first tranche.

The LFA entitles Therium to receive the invested amount plus a contingency fee

of 3X the committed funds under any incepted tranche of funding as a first

priority payment from any litigation claim awarded to the Company, the fee is

expected to be in the range of 5% to 10% of the anticipated claim award. The

litigation funding by Therium is non-recourse and does not constitute a loan for

EAM, and will be booked as revenues and construes a contingent liability in the

event that EAM receives a litigation claim award.

Therium is one of the most established global litigation financing firms,

founded in London and Jersey in 2009, with a presence in London, New York,

Jersey, Spain, Italy, Scandinavia and Germany, and a market-leading track record

of generating superior returns for its investors. In April 2015, Therium secured

USD 300 million to invest in commercial litigation financing, the largest ever

single investment in the litigation-funding sector, globally. Therium Nordic AS

has been active since the spring of 2016 and has been well received by the legal

communities and leading law firms in Oslo, Stockholm and Copenhagen. Therium

Nordic AS has so far funded a number of meritorious claims for Nordic claimants.

For information, please contact:

Viktor E Jakobsen, CEO, phone +47 9161 1009, [email protected]

About EAM Solar: EAM Solar 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.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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