EAM Solar

AGM Information • Dec 22, 2014

(+47) 241 15 796 Dronningen 1 N-0287 Oslo, NORWAY mail@eamsolar.no www.eamsolar.no

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EAM Solar ASA Minutes from the Extraordinary General Meeting

The Extraordinary General Meeting in EAM Solar ASA, org.no. 996 411 265, was held on Friday the 19thth of December 2014, at 13:00 CET at the Company's offices, Dronningen 1, Oslo.

The chairman of the Board of Directors, Paal E. Johnsen, opened the meeting.

Record of attending shareholders:

Before the opening of the meeting the record of attending shareholders where made. The attending shareholders overview can be seen in the matrix below. Based on the number of attending shareholders the annual general meeting is empowered to conduct and decide on all proposals made by the Board of Directors and the Nomination Committee.

Overview	Shares	%	Share holders
Total shares	5 070 000	100,000%	163
Voting shares	1 715 625	33,839%	10
Non-voting shares	3 354 375	66,161%	153
Shares present	233 125	4,598%	4
Shares present by proxy	1 482 500	29,241%	6
Shareholders not present	3 354 375	66,161%	153

Agenda:

1. Election of chairperson and a person c0-sign the minutes

Paal E. Johnsen was elected as chairman of the meeting and Audun Wickstrand Iversen was elected to co-sign the minutes.

2. Approval of the notice and the agenda

The notice and the agenda were approved

3. Election of chairman and board member

The extraordinary general meeting passed the following resolution:

Ragnild Wiborg is elected as new Chairman of the Board of Directors in EAM Solar ASA for a period of two years. Paal Hvammen is elected as a new member of the Board of Directors of EAM Solar ASA.

4. Election of member to the Nomination Committee

The extraordinary general meeting passed the following resolution:

Truls Tollefsen is elected as a new member of the Nomination Committee.

5. Remuneration to the Board of Directions

The extraordinary general meeting passed the following resolution:

Paal E. Johnsen receives a remuneration of NOK 300,000.- for the period from the Annual General Meeting in 2014 until this Extraordinary General Meeting.

All resolution by the extraordinary general meeting was passed unanimously

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As there were no further matters on the agenda the meeting was closed.

Paal E. Johnsen Audun Wickstrand Iversen