Alternus Energy Group — Capital/Financing Update 2021

Nov 2, 2021

Alternus Energy Contemplates Bond Tap Issue

Alternus Energy Contemplates Bond Tap Issue

Oslo, 2 November 2021 - Alternus Energy Group Plc, through its wholly owned subsidiary, Solis Bond Company Designated Activity Company, is contemplating a tap issue of EUR 20 million of its senior secured green bond issue (ISIN: NO0010914914). The current outstanding amount is EUR 110 million and the borrowing limit is EUR 200 million.

The net proceeds from the contemplated bond tap Issue will be used to fund the acquisition of a portfolio of Polish solar parks and acquisition and recapitalization of two Italian solar parks.

Further information on the contemplated tap issue and acquisitions can be viewed in the attached presentation.

Arctic Securities has been retained as sole manager for the contemplated transaction.

For more information, please contact Vincent Browne, Chairman and CEO on:

E: vb@alternusenergy.com

T: +353 86 402 9994