EAM Solar

Regulatory Filings • Mar 31, 2014

EAM Solar ASA: Update on the P31 portfolio acquisition closing

EAM Solar ASA: Update on the P31 portfolio acquisition closing

EAM: Update on the P31 portfolio acquisition closing

31(st) of March 2014

Reference is made to previous Stock Exchange releases, the 4(th) quarter

financial report and prospectus issued in conjunction with the Private placement

conducted in January 2014.

As previously stated, the financial closing of the P31 portfolio was anticipated

to be concluded by the end of the 1(st) quarter 2014. As of today, some of the

conditions precedent to closing has not yet been met. Consequently the

consummation of the transaction takes longer than originally anticipated.

According to the Share Purchase Agreement the last day of closing is set at the

30(th) of April 2014 unless the parties decide otherwise. The economics in the

transaction will not be affected by a later closing and will be as described in

the Information Memorandum dated 14(th) of January 2014.

The financial closing and subsequent consummation of the acquisition will occur

when all conditions precedent to closing have been satisfied or waived.

For further information, please contact:

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

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

About EAM Solar:

EAM Solar ASA is a power company that acquires and operates solar power plants.

The Company currently owns four solar power plants in Italy that operate under

long-term electricity sales contracts. EAM Solar acquires solar power plants

that are commissioned, connected to the grid and in power production at the time

of financial close.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1772803]