The international energy consultancy Aqualis ASA ("Aqualis" or "Company") has
entered into a Purchase and Transfer agreement with D2D4 ("D2D4") for the sale
of its 49.9% investment in ADLER Solar and a separate EUR 349 thousand
shareholder loan. D2D4 will pay a cash consideration of EUR 250 thousand for the
shares and the shareholder loan. In addition, there is an earn-out clause that
may release up to EUR 349 thousand depending on the financial performance and
ability of ADLER Solar to repay its original shareholder loan. The transaction
will at closing have a positive cash effect of EUR 250 thousand, before any
transaction costs and future earn out. 

The closing of the Purchase and Transfer Agreement will take place subject to
fulfillment of customary closing conditions. Estimated time of closing is within
the next few weeks. 

"We have been a 49.9% shareholder in ADLER Solar since 2015 and our ambition has
been to expand our energy consultancy business into the solar business as a
separate segment beside our oil and gas and offshore wind related business.  The
services of ADLER Solar have not been an integrated part of our services within
our existing oil & gas and offshore wind consultancy work.

The development of ADLER Solar has not met our ambitions and we believe that a
new owner will have a better foundation for developing the company. The market
conditions in Germany have been challenging the past years and there has been
changes that have adversely impacted ADLER Solar and the solar industry. The
sale of ADLER Solar allows us to focus on our core consultancy business in the
oil and gas and offshore wind markets and strengthen our position as a leading
global player. We strongly believe in the continued expansion of the offshore
renewable sector and in our strategy to expand our offshore wind business into
emerging markets" says Chairman Glen Rødland

ADLER Solar is a leading full service provider for the solar power industry. The
company offers an extensive spectrum of technical and engineering services for
the entire lifecycle of photovoltaic (PV) power plants. ADLER Solar was
incorporated in 2009 and today employs 80 people, including operating service
teams and PV experts. ADLER Solar is based in Germany. Clients include solar
energy plant manufacturers and operators, insurance companies, PV experts,
project planners, wholesalers, installers, investors and banks. 

The advisory board in ADLER Solar currently consists of Kim Boman (Chairman),
Klaus Meier, Jens Eckhoff, Andreas Wellbrock, David Wells and Gerhard Cunze. The
management team of ADLER Solar currently consists of Gerhard Kunze (CEO) and
Heinz Hackmann (CFO).

Financial information for ADLER Solar is included in the attachment to this
announcement.


About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and
associates, offers energy consultancy services to the global oil and gas, wind
and solar sectors. The group employs experienced consultants in 19 offices in 14
countries worldwide. Aqualis ASA operates under three different brands: Aqualis
Offshore, Offshore Wind Consultants and ADLER Solar. Aqualis Offshore is a
specialized offshore marine and engineering consultancy firm, focusing on the
shallow and deep-water offshore segments of the oil and gas industry. Offshore
Wind Consultants is a globally focused consultancy providing independent
services to the offshore renewables industry. ADLER Solar is a technical and
engineering service provider for the global solar industry. Aqualis owns 49.9
percent of ADLER Solar