Nordic Financials ASA — Share Issue/Capital Change 2016

Apr 26, 2016

Aega ASA - Contemplated private placement

Aega ASA - Contemplated private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN

PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR

THE UNITED STATES

Oslo, 26.04.2016

AEGA ASA ("AEGA" or the "Company") has engaged Pioner

Kapital AS (the "Manager") to assist the Company in a

contemplated private placement (the "Private Placement")

through issuance of new shares for a total consideration in

the range of NOK 15-25 million (the "New Shares"), directed

towards existing shareholders, Norwegian investors and

international institutional investors, pursuant to and in

compliance with applicable exemptions from the obligation to

publish an offering prospectus pursuant to the Norwegian

Securities Trading Act.

The proceeds from the Private Placement will be used to

further grow the Company by investing in new solar power

plants in Italy, strengthen the Company's balance sheet and

liquidity position as well as for general corporate

purposes.

The subscription price in the Private Placement is NOK 3.00

per share. The application period commences on 2 May 2016 at

08:30 (CET) and will close on 31 May 2016 at 16:00 hours

(CET). The Company, together with the Manager, reserves the

right to close the application period at any time at their

sole discretion, at short notice.

The allocation of shares will be determined at the end of

the subscription period. The final allocation will be made

at the Board's sole discretion. The New Shares will be

issued based on a Board authorization granted by the

Company's extraordinary general meeting on 22 February 2016.

Following approval by the Board, expected on or about 2 June

2016, the New Shares will be registered with the Norwegian

Register of Business Enterprises (Foretaksregisteret) and

VPS.

The New Shares issued in the Private Placement may be placed

on a separate ISIN pending approval of a listing prospectus

by the Norwegian Financial Supervisory Authority (the

"FSA"), and will not be listed or tradable on Oslo Axess

until the listing prospectus has been approved by the FSA

and published by the Company, expected during mid-June 2015.

The Company will announce the number of shares allocated in

the Private Placement through a stock exchange notice

expected to be published before opening of the trading on

Oslo Stock Exchange, 1 June 2016.

For further information, please contact:

Vegard Finstad, CEO Aega ASA, +47 911 92 132

About AEGA ASA:

Aega is a solar utility company that acquires and operates

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 solar parks (below 5MW

capacity). It targets to reach a total production capacity

of 50MW within the end of 2017 by taking advantage of the

current attractive market for secondary solar parks. The

company has its operating offices in Oslo, Norway, and

Trento, Italy. More information about Aega is available at

www.aega.no

About Pioner Kapital AS:

Pioner Kapital is a financial advisor with licenses from the

FSA. Pioner Kapital focus on the SME sector (small and

medium-sized enterprises) and specializes in corporate

finance transactions, advisory services and securities

sales. Pioner Kapital has been the strategic and financial

advisor for Aega since the startup in 2014, raised more than

NOK 80 million to Aega ASA and Aega Solar, the operating

manager of Aega ASA's sun parks.

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This publication is not for distribution, directly or

indirectly, in or into the United States, nor is it an offer

for sale of or the solicitation of an offer to purchase

securities in the United States. Any securities referred to

herein have not been registered under the U.S. Securities

Act of 1933, as amended (the "U.S. Securities Act"), and may

not be offered or sold in the United States absent

registration or pursuant to an exemption from registration

under the U.S. Securities Act. Copies of this publication

are not being, and may not be, distributed or sent into the

United States.

This information is subject of the disclosure requirements

acc. to §5-12 (Norwegian Securities Trading Act).