Approx. 89 per cent of the warrants in Savo-Solar Plc's Warrant Plan 1-2017 used for subscription of shares

Savo-Solar Plc
Company Announcement                  5 December 2017 at 3.30 p.m. (CET)

Approximately 89 per cent of the warrants in Savo-Solar Plc's Warrant Plan 1-2017 were used for subscription of shares

The share subscription period based on Savo-Solar Plc's warrants 1-2017 ended on 1 December 2017. Based on the warrants, 20 940 956 new shares were subscribed for and the company received approximately EUR 1.3 million new capital before issue costs. Approximately 88.56 per cent of the warrants were used for subscription of shares.

The warrants which were not used for subscription of shares have lost their value and will be removed from warrant holders' securities accounts.

For more information:

Savo-Solar Plc
Managing Director: Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

Savo-Solar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, "MAR"). The information was submitted for publication by the aforementioned person on 5 December 2017 at 3.30 p.m. (CET).

About Savo-Solar

Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The Company's Certified Adviser is Augment Partners AB, phone: +46 7 8 505 65 172.