Nordic Financials ASA — Earnings Release 2022

Nov 30, 2022

Aega ASA: Financial results for the third quarter 2022

Aega ASA: Financial results for the third quarter 2022

30 November 2022

Aega ASA delivered revenues of EUR 755 thousand in the third quarter of 2022,an increase of 14.7 percent versus the same quarter last year (Q3 2021: EUR 658 thousand). EBITDA was positive at EUR 219 thousand (173) reflecting the increased scale of Aega’s solar park portfolio.

“As we now exit Q3 2022 we have 9 operating solar parks due to high M&A activity over the last 18 months. The production capacity follows the same trend and so do revenues. Aega delivers positive EBITDA and cash flow, and the underlying operations are well run. In Q4 our focus is to cultivate our portfolio and run a cost-efficient operation. So far we have succeeded with this” says Nils P. Skaset, CEO of Aega ASA.

Please find the third quarter 2022 financial report enclosed to this announcement.

For further information, please contact:

Nils P. Skaset, CEO

+47 951 88 154

ceo@aega.no

About Agea

Aega ASA is an energy company listed on Euronext Expand in Oslo. Aega’s main

focus is the solar power market. The company acquires and operates smaller

existing Italian solar power plants. In addition to being an industrial energy producer we also consider investments in the solar and renewable energy sector. The company’s head offices are in Oslo (NO) and Trento (IT).

For more information, see www.aega.no