EAM Solar

Earnings Release • Feb 25, 2020

EAM Solar ASA: Q4 2019 Financial Report

EAM Solar ASA: Q4 2019 Financial Report

HIGHLIGHTS Q4 2019

■ EBITDA for the quarter was minus EUR 314 thousand and accumulated for the year EUR 400 thousand. Normal operations, adjusted for legal costs resulted in an EBITDA of EUR 20 thousand for the quarter and EUR 1 623 thousand accumulated for the year, equivalent to an adjusted EBITDA margin of 9 per cent and 51 percent, respectively.

■ Cost of operations and SG&A were EUR 120 thousand and EUR 90 thousand for the quarter and EUR 409 thousand and EUR 1 134 thousand accumulated for the year respectively.

■ Legal costs were EUR 335 thousand in the quarter and EUR 1 223 thousand accumulated for the year respectively.

■ On 9 December 2019 EAM Solar ASA was informed that the Judge in the Civil Court of Brescia dismissed the petition by UBI Leasing to have an injunction against the Company declared as provisionally enforceable.

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.