EAM Solar

Earnings Release • Jul 30, 2015

EAM Solar ASA : Q2 2015 financial report

EAM Solar ASA : Q2 2015 financial report

Highlights in the second quarter 2015

The reported Q2 power production was 12.3 GWh, 4.1% above the seasonal average

for the period, accumulated for the year the production was 19.3 GWh, 1.5% above

the seasonal average for the period.

Reported EBITDA in the quarter was EUR 3.1m, adjusted for acquisition and

transaction costs, EBITDA was EUR 3.2m.

In July the company received payments for RID revenue for the period June to

September last year.

The first hearing in the criminal proceedings was conducted on 3 June 2015. EAM

Solar ASA and EAM Solar Italy Holding have maintained their status as victim of

criminal contractual fraud.

The new hearing in the administrative court was conducted on 9 July 2015. The

court accepted that by  30 July 2015 GSE must  present their decision on the

suspension of FIT and the court also ruled that the merits will be evaluated in

the hearing in November.

In the beginning of May, the GSE conducted inspections on the 17 power plants

affected by the suspension of tariffs. At the release of this report the

inspection had not yet been concluded.

For further information contact:

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

Audun W. Iversen, CEO, phone +47 9161 6250, audun@eam.no

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1942660]