Alternus Energy Group — Remuneration Information 2021

Dec 9, 2021

ALTERNUS ENERGY BOARD OF DIRECTORS APPROVES EMPLOYEE SHARE OPTION PLAN

ALTERNUS ENERGY BOARD OF DIRECTORS APPROVES EMPLOYEE SHARE OPTION PLAN

Fast growing, pan-European independent power producer, Alternus Energy Group Plc (“Alternus” or the "Company”) is pleased to announce the approval of an Employee Share Option Plan with a total of 2.5 million shares authorized to be issued under the Plan. This scheme was also previously disclosed in the Company’s information document, published on 29 June 2021. Additionally, the Board has approved the issuance of a total of 43,000 options under the Plan to each of its employees, directors and consultants, to purchase the Company’s ordinary shares, which are immediately vested and excercisable at today’s closing share price. The remaining authorized options will be issued to the Company’s employees, directors and consultants, in amounts the Board deems as appropriate, and each such option issuance will have a four year vesting schedule as well as be based on individual and/or Company performance goals.