Alternus Energy Group

M&A Activity • Dec 22, 2022

Alternus Energy Group plc

Alternus Energy Group plc

Reference is made to the previous stock exchange notice dated 27 June 2022.

Dublin, 22 December 2022, International Renewable Independent Power Producer (IPP) Alternus Energy Group Plc (OSE: ALT) (the “Company” or “Alternus”) today announces that the preliminary share purchase agreement (“PSPA”) with Projekt Solartechnik Fund Fundusz Inwestycyjny Zamknięty (the "Seller"), a subsidiary of FAMUR Group ("FAMUR"), to acquire 100 % of the shares in 32 Project Companies holding a portfolio of 184 MW solar farms projects in Poland has expired and is no longer active.

The parties have agreed to negotiate new terms suitable to both parties for a sale of part or all of the portfolio, in good faith, on a non-exclusive best efforts basis, suitable to both parties for a sale of part or all of the portfolio as soon as possible.

About Alternus Energy

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 The Netherlands and the United States. Alternus Energy aims to own and operate over 3.5 gigawatts of solar parks by the end of 2025. For more information visit www.alternusenergy.com.

Forward-Looking Statements: Certain information contained in this letter, 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.