Nordic Financials ASA — Earnings Release 2022

Aug 31, 2022

Aega ASA: second quarter and first half 2021 interim financial results

Aega ASA: second quarter and first half 2021 interim financial results

31 August 2022 –

Aega ASA delivered revenues of EUR 727 thousand in the second quarter of 2022, an increase of 42.5 percent versus the same quarter last year (Q2 2021:EUR 510 thousand). EBITDA was positive at EUR 238 thousand (14.4) reflecting the increased scale of Aega’s solar park portfolio.

“As we now exit Q2 2022 we have 7 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. Our focus is still to grow the portfolio and to continue to run an efficient operation. I am pleased to see that our acquisition activity over the past 12-18 months, plus successful integration, and optimisation of new solar parks in our portfolio have had the expected result”, says Nils P. Skaset, CEO of Aega ASA.

European Energy Crises:

“The ongoing energy crises in Europe and how political decision makers decides to respond to it, makes it more challenging to predict how the next 6-12 months will turn out in the energy markets. Nevertheless, Aega continues to use conservative business models which gives headroom for several outcomes and takes the increased political risk into account when considering future acquisitions”, Skaset adds.

Please find the second quarter and half-year 2022 interim 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 investment company listed on Euronext Expand in Oslo. Aega’s main focus is on the solar power market. The company acquires and operates smaller existing Italian solar power plants, following strict investment criteria. In addition to being an industrial player it also considers financial investments in the solar and renewable sector. The company’s head offices are in Oslo (NO) and Trento (IT).

For more information, see www.aega.no