Attached is the preliminary condensed consolidated financial statements for the
first quarter 2026.

Highlights for the quarter include:

o Q1 2026 EBITDA came in at a profit of EUR 2,18m. The profit mainly stems from
two non-recurring items: 1) a EUR 770k cash payout from the ESGP bankruptcy, and
2) increase in court approved claim against Aveleos of EUR 1.5m.

o EBITDA from ordinary power plant operation was negative with EUR 46k in line
with the seasonality of solar power production.

o 'Milestone 1' cashflow improvements achieved in the first quarter, resulting
in an annual cashflow improvement of NOK 4m. 

o EAM and Intesa Sanpaolo has agreed on all terms for a settlement agreement. It
is expected that the settlement agreement will be executed in April. When
signed, settlement will result in a non-recurring profit of EUR 1.39m by
reversal of debt provisions.

o Company will in the second quarter present a business plan for developing EAM
into a long-term profitable operational company in addition to litigation
activities. Execution of the business plan requires the company to raise new
equity. An Investment Memorandum describing the business plan will be published
by the Company shortly.

o EAM group book equity is EUR 3,4m at the end of the first quarter.