Nordic Financials ASA - Environmental & Social Information 2016

Aega ASA acquires 1 MW solar plant

Oslo, 27 June 2016 - Aega ASA (Aega) has signed a contract

to acquire a 1 MW solar plant in Casoli, Abruzzo, Italy,

from Italian solar industry player Solis SpA.

The 1 MW solar park in Casoli is fixed ground mounted, holds

a top level concession, is six year into its 20-year

concession period, and delivers an internal rate of return

(IRR) in line with Aega's current assets and the group's

overall investment target.

"Being loyal to our investment criteria is important as it

essentially means that we acquire high quality solar parks

associated with low risk. The plant in Casoli certainly

falls into this category," says Vegard Finstad, CEO of Aega.

Through this transaction, Aega increases its total

production capacity with 20 percent to 6 MW.

The financial details of the transaction are undisclosed.

Aega is working towards an objective of reaching 50 MW

production capacity by the end of 2017.

"Aega is currently reviewing a number of other potential

investments. There are plenty of opportunities around, but

we are fully focused on picking the right investments for

Aega's shareholders," adds Vegard Finstad.

ENDS

For further information, please contact: Vegard Finstad, CEO

of Aega ASA, tlf: +47 911 92 132

About Aega

Aega ASA is a solar utility company acquiring and operating

solar power plants. The company currently owns a portfolio

of five individual solar parks in Italy with a combined

production capacity of 5MW. The company focuses on

acquisitions of smaller existing and operating solar parks

(below 5MW capacity), meeting strict investment criteria

defined by the company. It targets to reach a total

production capacity of 50MW by the end of 2017 and intends

to take advantage of the current attractive market for

secondary solar parks. The company has its operating offices

in Oslo, Norway, and Trento, Italy. The company's shares are

listed on Oslo Axess.

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