15 August 2022 

The Company has decided to participate in a private placement whereby EAM Solar
ASA at the nominal price of NOK 0.02 per share for a total consideration of NOK
137,044.20, subscribes for 6,852,210 new shares in Energeia AS. This number of
shares corresponds to the total number of outstanding shares in the Company.

The private placement is conditional upon the board of EAM Solar ASA calling for
an extraordinary general meeting of the Company, where the Board shall suggest
that the received shares in Energeia AS will be distributed as dividends to the
shareholders of the Company. 

All shareholders in EAM Solar ASA will receive 1 share in Energeia AS for each
share they own in EAM Solar ASA. AS a result of the share issuance, Energeia's
outstanding number of shares increases from 38,049,000 to 44,901,210,
corresponding to an increase of 14.42% held by the shareholders of EAM Solar
ASA. 

Based on the above the Board of Directors has decided to call for an
Extraordinary General Meeting. The notice is attached as a separate document.



Attachment: Notice of Extraordinary General Meeting 

For further information, please contact:

Viktor E Jakobsen, CEO, 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 solar power plants.
 
 
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.