EAM Solar

EAM Solar ASA: 4th quarter report 2013

EAM: 4(th )quarter report 2013

12(th) of February 2014

EAM Solar ASA has released the 4(th) quarter 2013 financial report and the

highlights are;

Conditional agreement to acquire 30MW in southern Italy for EUR 114.3 million

signed in the 4(th) quarter. Financial closing expected in 1(st) quarter 2014

Revenues in 2013 came in at EUR 3,1 million from a power production of 7,4 GWh.

Full year EBITDA adjusted for non-recurring items of EUR 1,65 million.

Reported net profit for 2013 of EUR 4,5 million, adjusted for non-recurring

items, gains from bargain purchase and currency exchange gains, net profit came

in at EUR 192k.

See enclosed quarterly report for further information

For further information, please contact:

Viktor E Jakobsen, Executive Director, phone +47 9161 1009, [email protected]

Audun W Iversen, CEO, phone +47 9161 6250, [email protected]

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. The current portfolio has a combined capacity of 6.6 MW and

an annual production capacity of approximately 9 GWh. On 31 December 2013, EAM

Solar signed a sale and purchase agreement ("SPA") to acquire a portfolio of 31

solar power plants in Southern Italy with a combined capacity of 30 MW and an

average annual electricity production of approximately 44 GWh for a total

consideration of EUR 114.3 million.

For more information, please visit www.eamsolar.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1761073]

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