6 March 2024

Yesterday, 5 March 2024, was the first of two scheduled hearings for final
arguments before the Fifth Section of the Court of Appeal of Milan in relation
to the ongoing criminal case brought by the Italian State for subsidy fraud, and
for contractual fraud against EAM Solar ASA.

EAM Solar ASA has been informed that the second hearing has been postponed from
the 20 March until 16 May 2024. We are also informed that the Appeal Court
intends to issue its ruling on this same date, after the conclusion of this
hearing. 

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
   
About EAM Solar ASA: EAM Solar ASA 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.