EAM Solar — Earnings Release 2018

Aug 14, 2018

EAM Solar ASA: Q2 2018 Financial Report

EAM Solar ASA: Q2 2018 Financial Report

14 August 2018

HIGHLIGHTS Q2 2018

EBITDA for the quarter was EUR 0.3

thousand and accumulated for the year

minus EUR 263 thousand. Normal operations,

adjusted for legal costs resulted

in an EBITDA of EUR 822 thousand for

the quarter and EUR 982 thousand accumulated

for the year, equivalent to an EBITDA

margin of 58 percent and 48 percent,

respectively.

Cost of operations and SG&A were EUR

209 thousand and EUR 378 thousand for

the quarter and EUR 358 thousand and

EUR 724 thousand accumulated for the

year respectively.

Legal costs were EUR 822 thousand in

the quarter and EUR 1 245 thousand accumulated

for the year.

Hearings were conducted in both the

criminal and the arbitration proceedings

in Milan during the quarter. No

decisions have been reached in any of

the venues.

For further information, please contact:

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

About EAM Solar ASA: EAM Solar ASA 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. In addition, the Company's business is lawsuits in relation solar power plants.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.