Nordic Financials ASA — Capital/Financing Update 2022

Jun 20, 2022

Aega ASA – Vellykket plassering av konvertibelt lån

Aega ASA – Vellykket plassering av konvertibelt lån

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Oslo, 21. juni 2022.

Det vises til børsmeldingen publisert av Aega ASA ("Aega" eller "Selskapet") 3. juni 2022 om planlagt rettet emisjon av nye aksjer og/eller rettet emisjon av et konvertibelt lån for å innhente proveny på inntil NOK 30 millioner ("Kapitalinnhentingen"). Selskapet kunngjør herved at det har bevilget NOK 19.880.000,- i et konvertibelt lån ("Lånet). Lånet har en rente på 3mnd NIBOR pluss 5,75%, med en maksimumsrente på 10%, og er sikret med pant på Selskapets aksjer i og fordring på Aega Solar AS. Långiverne kan konvertere deres respektive andel av Lånets hovedstol til aksjer mot en tegningskurs på NOK 1, i tråd med vanlige betingelser og vilkår, fra og med 31. desember 2022.

Nettoprovenyet fra Lånet vil bli brukt til følgende formål:

• Kjøp av flere solparker i Italia;

• Driftsutgifter; og

• Generelle selskapsformål.

Utstedelsen av Lånet ble vedtatt av Selskapets styre på et styremøte avholdt 20. juni 2022, basert på fullmakt tildelt styret på Selskapets ordinære generalforsamling 31. mai 2022.

Melding om tildeling av Lånet, inkludert instruksjoner om oppgjør, vil bli sendt til bestillerne den 21. juni 2022.

Styret har vurdert Lånet i lys av forpliktelsen til likebehandling etter verdipapirhandelloven, reglene om likebehandling etter Regelbok II for selskaper notert på Oslo Børs og Oslo Børs' retningslinjer for reglene om likebehandling. Gjennomføring av den rettede emisjonen av Lånet innebærer et avvik fra eksisterende aksjonærers fortrinnsrett til å tegne og få tildelt et beløp av Lånet. Styret har nøye vurdert disse avvikene og har besluttet at den rettede emisjonen av Lånet er i Selskapets og dets aksjonærers beste interesse. For å komme til denne konklusjonen har styret blant annet vurdert tilgjengeligheten av kapitalmarkedsfinansiering innen rimelig tid, samt nødvendigheten av at Selskapet skal realisere sine kommuniserte mål i tråd med vedtatt strategi, tatt i betraktning at Lånet er basert på den oppnådde investorinteressen etter en markedsføringsprosess med visse eksisterende og potensielle nye investorer og en offentlig annonsert prosess.

Det konvertible lånets største investorer er Lars Brandeggen, Svend Egil Larsen og Andreas Hofstad ved sine respektive investeringsselskaper. Disse tre ble tildelt tilsammen NOK 7.000.000,- i lånet.

Følgende personer med ledelsesansvar ("Primærinnsidere") og nærstående mottok tildelinger i Lånet:

- Halldor Chr. Tjoflaat], styreleder, ble tildelt et lånebeløp på NOK 1.000.000,-

- Jan P. Harto, styremedlem, ble tildelt et lånebeløp på NOK 600.000-

- Kristine Larneng, styremedlem, ble tildelt et lånebeløp på NOK 200.000,-

- Nils P. Skaset, adm. direktør, ble tildelt et lånebeløp på NOK 500.000,-

Primærinnsidemeldinger i henhold til markedsmisbruksforordningen artikkel 19 er vedlagt.

Selskapets siste presentasjon med selskapsoppdateringer er tilgjengelig på www.aega.no.

For ytterligere informasjon, vennligst kontakt:

Nils P. Skaset, CEO Aega

Tel: +47 951 88 154, e-mail: ceo@aega.no

Om Aega

Aega ASA er et norsk børsnotert selskap. Selskapet fokuserer på ervervelse av mindre eksisterende solparker i Italia. I tillegg til å være industriell aktør i Italia, vurderer Aega også finansielle investeringer i sektoren for fornybar energi.

Important Notices

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation 2017/1129 as amended together with any applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operate, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.