Alternus Energy Group — Share Issue/Capital Change 2021

Aug 13, 2021

New Share Capital Registered

New Share Capital Registered

Alternus Energy Group Plc: New share capital registered

OSLO, NORWAY - 13 August 2021. Reference is made to Alternus Energy Group PLC's (the "Company") announcement made on 8 June 2021 through the NOTC news system regarding the Company’s acquisition of a majority interest in Unisun Energy Holding B.V. and the issuance of 50,000 new shares to the previous owners.

The share capital increase pertaining to such share issue has now been completed and registered. The Company's new share capital is EUR 262,322.76 divided into 26,232,276 shares, each with a nominal value of EUR 0.01, all shares carrying one vote.

About Alternus Energy Group Plc

Alternus Energy Group (OSE:ALT) is a fast-growing pan-European independent power

producer (“IPP”), headquartered in Ireland, with a focus on the midsized utility

scale solar PV market. Alternus owns and operates a diverse portfolio of utility

scale solar PV parks that connect directly to national power grids on long-term

government contracts (“FiT”) and/or Power Purchase Agreements (“PPAs”) with

investment grade off-takers. Having started in 2016 with two parks and 6 MWp

capacity, the current portfolio consists of 39 owned or contracted parks in

Germany, Italy, Netherlands, Romania and Poland in excess of 150 MWp capacity.

Alternus works closely with both local and international specialist development

partners that each provide a constant pipeline of new projects for acquisition

by Alternus. Alternus aims to own and operate over 3.5 GWs of solar parks by the

end of 2025 and to become one of the largest pan-European IPPs by the end of the

decade.