Alternus Energy Group

Capital/Financing Update • Oct 16, 2023

Update on Bond Waiver and Amendments to the Bond Terms

Update on Bond Waiver and Amendments to the Bond Terms

Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT) (“Alternus” or the “Company”) on 9 March 2023, 21 March 2023, 27 March 2023, 18 April 2023, 24 April 2023, 16 May 2023 and 19 September 2023 regarding the waivers of the financial covenants and amendments sought from the bondholders in Solis’ FRN senior secured EUR 200,000,000 green bonds 2021/2024 (ISIN NO0010914914).

The Company and Solis are pleased to announce that the bondholders have voted to approve the resolutions for the extension of the waivers and related amendments to the Bond Terms, as previously attached to the Company’s notice filed on 29 September 2023.

About Alternus Energy Group:

Alternus is a transatlantic clean energy independent power producer (IPP). Headquartered in Ireland, we currently develop, install, own and operate utility scale solar parks in Europe and the US. Our highly motivated and dynamic team at Alternus have achieved rapid growth in recent years. Building on this, our goal is to reach 3GW of operating projects by the end of 2026 through continued organic development activities and targeted strategic opportunities. Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet in harmony. For more information visit www.alternusenergy.com.