Following the end of the management agreement between EAM Solar AS and Energeia
AS, the Board of directors are establishing an independent internal organization
for the EAM Solar group. The management agreement will end, by the latest, in
May 2025.

As of February, EAM has established its own offices in Oslo with 2 employees.

The Board has employed Erik Brandon Reisenfeld as new CEO of EAM Solar AS. Erik
replaces Christian Hagemann who was appointed by the manager Energeia AS under
the management agreement.

Erik Reisenfeld is a qualified solicitor in England and Wales. Erik has acted as
EAM's internal legal counsel since September 2017 under the management agreement
being an employee in Energeia AS, and has consequently detailed knowledge of all
legal processes the company is involved in.
 
Given the importance of the ongoing legal processes for the business of the
company, the board of EAM believes Erik Reisenfeld's knowledge and skillset will
serve the company well.
The company has also hired Gloria Gallorini as head of administration. Gloria
has been working with EAM Solar AS as an employee in Energeia AS under the
management agreement since 2014. Gloria is an Italian citizen with detailed
knowledge of the administrative procedures relating to the operation of the
company's four solar PV power plants in operation in Italy. 

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no

   
About EAM Solar AS: EAM Solar AS 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 acquisition of solar power plants.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.