EAM Solar

EAM Solar ASA: Investigations against seller of P31 power plants

EAM: Investigations against seller of P31 power plants

28(th) of July 2014

EAM Solar ASA has been made aware of an investigation by the public prosecutors'

office in Milan against employees of the Seller of the P31 portfolio companies.

EAM has not received any information concerning the investigation of the

Seller's employees.

EAM Solar ASA discovered that the bank accounts of the acquired P31 companies

had been restricted by court order but has not received any information or

documentation on this fact.

EAM Solar discovered on its own initiative that according to the online portal

of the GSE, the Italian governmental agency responsible for the Feed-in Tariff

(FIT) contracts, the contractual status of the FIT contracts for certain of the

power plants acquired as part of the P31 portfolio has changed from active to

suspended late on Friday the 25(th) of July. EAM Solar has not received any

notification or information from the GSE concerning any suspension or change in

status of any of the FIT contracts.

EAM has initiated the necessary formal actions in order to receive all

appropriate information from the relevant authorities and expect to be able to

revert to the market with more precise information shortly.

For information, please contact:

Audun W. Iversen, CEO, phone +47 916 16 250, [email protected]

Viktor E Jakobsen, Executive Director, phone +47 9161 1006, [email protected]

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1839570]

AI Terminal