Alternus Energy Group

Capital/Financing Update • Jun 5, 2023

Solis Bond Mandate Announcement

Solis Bond Mandate Announcement

Reference is made to the outstanding EUR 140,000,000 green bond issue with ISIN NO0010914914 (the “Bond Issue”) maturing in January 2024. Solis is a wholly owned subsidiary of Alternus Energy Group Plc (EG: ALT) (the “Parent”).

Solis has engaged Pareto Securities AS on a sole basis to explore a potential refinancing of the Bond Issue.

The refinancing may be completed in conjunction with a sale of certain assets in Solis.

For further information, please contact:

The Blueshirt Group

alternus@blueshirtgroup.com

+1 (323) 240-5796

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Alternus Energy Group Plc

Alternus Energy Group Plc is an international vertically integrated independent power producer (IPP). Headquartered in Ireland, and listed on the Euronext Growth Oslo, the Company develops, installs, owns, and operates midsized utility scale solar parks. The Company also has offices in Rotterdam and America. For more information visit www.alternusenergy.com.

Forward Looking Statements: Certain information contained in this announcement, including any information on the Company’s plans or future financial or operating performance and other statements that express the Company’s management’s expectations or estimates of future performance, constitute forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company. The Company cautions that such forward-looking statements involve known and unknown risks and other factors that may cause the actual financial results, performance or achievements of the Company could differ materially from the Company’s estimated future results, performance or achievements expressed or implied by the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.