Alternus Energy Group

Capital/Financing Update • Sep 27, 2024

Affiliate Notice: Solis Bond Update

Affiliate Notice: Solis Bond Update

Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)

("AEG") and Solis Bond Company DAC ("Solis"), an indirect wholly owned

subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a

majority owned subsidiary of AEG, on 9 March 2023, 21 March 2023, 27 March 2023,

18 April 2023, 24 April 2023, 16 May 2023, 19 September 2023, 16 October 2023,

18 December 2023, 3 January 2024 ,26 February 2024, 12 March 2024, 25 June 2024, 23 July 2024 and 29 August 2024 regarding the waivers of the financial covenants and

extension of the maturity date sought from the bondholders in Solis’ FRN senior

secured EUR 200,000,000 green bonds 2021/2024 (ISIN NO0010914914) (the "Bonds").

AEG and Solis announce that the Bond Trustee has granted a technical extension

of the Maturity Date until 3 October 2024. As was previously disclosed on 26

February 2024, the Bond Trustee, with approval from a majority of the

Bondholders, may further extend the Bonds on a month to month basis to 29

November 2024.

About Alternus Energy Group:

The Company is a transatlantic clean energy independent power producer (IPP). We currently develop, install, own and operate utility scale solar parks in America and Europe. 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 within 5 years 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.

AEG operates primarily through Alternus Clean Energy, Inc. (Nasdaq: ALCE). AEG is listed on the Euronext Growth Oslo exchange and headquartered in Ireland, while Alternus Clean Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain as two separate legal entities.