EAM Solar

Report Publication Announcement • May 15, 2018

EAM Solar ASA : Q1 2018 Financial Report

EAM Solar ASA : Q1 2018 Financial Report

Highlights in the quarter:

EBITDA for the first quarter 2018 was minus EUR 255 thousand. Normal operations,

adjusted for legal costs and write down of receivable against Aveleos SA,

yielded an EBITDA of EUR 168 thousand for the first quarter 2018, equivalent to

an EBITDA margin of 26 per cent.

Cost of operations and SG&A amounted to EUR 142 thousand and EUR 346

thousand respectively.

Hearings were conducted in both criminal and arbitration proceedings in

Milan during the quarter without any concluding rulings. The EAM CEO appeared

as witness in the Criminal Court on 20 February 2018.

In February the Company received yet another defamation claim from Aveleos S.A.

This time over the statements made with regards to the write down of receivables

against Aveleos conducted in the third quarter report 2017.

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.