ABL Group — M&A Activity 2015

Oct 30, 2015

Aqualis ASA: Aqualis ASA completes Adler Solar transaction

Aqualis ASA: Aqualis ASA completes Adler Solar transaction

30 October 2015 - Aqualis ASA (Aqualis) has completed the acquisition of a

49.9% ownership stake in Adler Solar, a technical and engineering service

provider for the global solar industry.

On 2 September 2015, Aqualis announced that it planned to acquire a 49.9% stake

in Adler Solar. Further details of the transaction were provided in an extended

stock exchange announcement on 4 September 2015.

Aqualis also has an option to acquire a further 10.1 percent of the company by

April 2019, at the same price level as the initial investment. The potential

purchase of the 10.1 percent will be settled in cash.

If Aqualis decides to use the option to buy 10.1%, the owner of the remaining

40% of the shares in Adler Solar Service has a two-year put option to sell the

remaining 40% of the shares for a price 50% above the price paid in in the

transaction (and in the call option for 10.1%). The two-year put option period

starts if or when Aqualis exercises the call option. If the put option is

exercised, the settlement for the last 40% of the shares will be partly in cash

and partly in Aqualis shares at market price at the time of the exercise of the

put option.

ENDS

For further information, please contact:

Investors

Christian Opsahl, CFO, Aqualis ASA, tel: +47 901 101 53, email:

christian.opsahl@aqualis.no.

Media

Endre Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email:

endre.johansen@corpcom.no.

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries,

offers marine and engineering consultancy services to the offshore oil, gas and

renewable sectors globally. The group employs 230 experienced consultants across

19 offices in 14 countries worldwide. Aqualis ASA operates under two different

brands: Aqualis Offshore and Offshore Wind Consultants. Aqualis Offshore is a

specialized offshore marine and engineering consultancy firm, focusing on the

shallow and deep-water offshore segments of the oil and gas industry. Offshore

Wind Consultants is a globally focused consultancy providing independent

services to the offshore renewables industry.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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