Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)
("AEG") and Solis Bond Company DAC ("Solis"), an indirect wholly owned
subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a
majority owned subsidiary of AEG, on 9 March 2023, 21 March 2023, 27 March 2023,
18 April 2023, 24 April 2023, 16 May 2023, 19 September 2023, 16 October 2023,
18 December 2023, 3 January 2024 and 30 January 2024 regarding the waivers of
the financial covenants and extension of the maturity date sought from the
bondholders in Solis' FRN senior secured EUR 200,000,000 green bonds 2021/2024
(ISIN NO0010914914). 

AEG, Alternus and Solis are pleased to announce that Solis has provided notice
to the Bond Trustee of its intent to exercise call options to repay EUR59,100,000
of amounts outstanding under the bonds (the "Repayment"). The Repayment will be
funded by transactions relating to the divestiture of certain of Solis' assets
in each of Italy and Poland. The settlement date of the Repayment is expected to
be February 14, 2024, the date that is ten business days after the Repayment
notice date.


About Alternus Energy Group: 
The Company is a transatlantic clean energy independent power producer (IPP). We
currently develop, install, own and operate utility scale solar parks in America
and Europe. Our highly motivated and dynamic team at Alternus have achieved
rapid growth in recent years. Building on this, our goal is to reach 3GW of
operating projects within 5 years through continued organic development
activities and targeted strategic opportunities. Our vision is to become a
leading provider of 24/7 clean energy delivering a sustainable future of
renewable power with people and planet in harmony. 

AEG operates primarily through ALternus Clean Energy, Inc. (Nasdaq: ALCE).  AEG
is listed on the Euronext Growth Oslo exchange and headquartered in Ireland,
while Alternus Clean Energy, Inc. is listed on Nasdaq and headquartered in the
US. They remain as two separate legal entities.