EAM Solar

Earnings Release • Oct 21, 2014

EAM Solar ASA: Q3 2014 financial report

EAM Solar ASA: Q3 2014 financial report

EAM: Q2 2014 financial report

21st of October 2014

The highlights from the report are as follows:

The main activity in the third quarter was the acquisition of the P31 portfolio.

A partial closing including 21 of the 31 power plants was executed on the

15(th) of July.

The reported Q3 power production was 10,2 GWh, 14% below seasonal average,

bringing the first nine month's production to 15 GWh equivalent to 9% below

normal for the period.

Reported EBITDA in the quarter was EUR 2,7m, adjusted for P31 acquisition costs,

EBITDA was EUR 2,9m. A higher cost of operations in the quarter is related to

maintenance and increased scope of operations, due to the P31 purchase.

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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1864659]