EAM Solar

Earnings Release • Nov 30, 2015

EAM Solar ASA : Q3 2015 financial report

EAM Solar ASA : Q3 2015 financial report

30(th) of November 2015

Highlights in the third quarter 2015

·  The reported Q3 power production was 11.7 GWh, 4.0% below the seasonal

average for the period, accumulated for the year the production was 31.0 GWh,

0.5% below the average for the period.

·  Reported EBITDA in the quarter was EUR 1.1m, adjusted for acquisition and

transaction costs, EBITDA was EUR 2.9m.

·  The Company has received terminations from GSE of the FIT contract of all 17

power plants affected by the suspension measures. The termination letters were

received in October and November.

·   The Company has received to its SPV ESSP a formal notice of breach of the

loan agreement following the termination of the FIT contracts by GSE.

·     The general meeting held 25 November 2015 authorized the board of

directors to carry out a split of the Company as described in the notice to the

general meeting.

·    In July the company received payments for RID revenue for the period June

to September last year.

·     The Company received 31 July 2015 the final tranche of the loan from

Credit Agricole to ENS1 of EUR 676,000.

For information, please contact:

Audun W. Iversen, CEO, phone +47 916 16 250, audun@eam.no

Viktor E Jakobsen, Executive Director, phone +47 9161 1009, viktor@eam.no

About EAM Solar: EAM Solar is a utility company that acquires and operates solar

power plants. The Company currently owns solar PV power plants in Italy. The

plants are operating under long-term sales contracts.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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