Etrion Announces Italian Tax Reduction

February 17, 2015, Geneva, Switzerland - Etrion Corporation (“Etrion” or the
“Company”) (TSX: ETX / OMX: ETX), a solar independent power producer, announces
that on February 11, 2015, the Italian Constitutional Court published a ruling
that declared the so called “Robin Hood” tax unconstitutional and eliminated it
from February 2015 going forward. The removal of the Robin Hood tax reduces the
ordinary income tax rate applicable to most energy companies in Italy from 34%
to 27.5%.

Marco A. Northland, Etrion’s Chief Executive Officer, commented: “The reduction
of the Italian corporate income tax rate applicable to our solar parks is a
significant benefit for us. This change is expected to increase cash
distributions from our 60 MW portfolio in Italy by almost US$1 million per year,
offsetting the effect of the recent reduction in the Italian feed-in-tariff.”

The Robin Hood tax was a surtax introduced in 2008 that increased the overall
corporate income tax rate applicable to large Italian energy companies from
27.5% to 38%. In 2011, the Robin Hood tax was expanded to include renewable
energy companies. In 2013, the Italian government lowered the revenue threshold
for the application of the surtax. In 2014, the government reduced the surtax,
thereby reducing the overall income tax rate from 38% to 34%. Operators
contested the Robin Hood tax as unconstitutional due to the higher overall tax
rate being applied to energy companies compared to the ordinary tax rate for
Italian companies in general.

About Etrion

Etrion Corporation is an independent power producer that develops, builds, owns
and operates utility-scale solar power generation plants. The Company owns 130
MW of installed solar capacity in Italy and Chile. Etrion has 34 MW of solar
projects under construction in Japan and is also actively developing greenfield
solar power projects in Japan and Chile. The Company is listed on the Toronto
Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden under
ticker symbol “ETX”. Etrion’s largest shareholder is the Lundin family, which
owns approximately 24% of the Company’s shares directly and through various
trusts.

For additional information, please visit the Company’s website at www.etrion.com
or contact:

Pamela Chouamier – Investor Relations

Telephone: +41 (22) 715 20 90



Note: The capacity of power plants in this release is described in approximate
megawatts on a direct current (“DC”) basis, also referred to as megawatt-peak
(“MWp”).

Etrion discloses the information provided herein pursuant to the Swedish
Securities Market Act. The information was submitted for publication at 08:05
Central European Time (CET) on February 17, 2015.

Forward-Looking Information:

This press release contains certain “forward-looking information” within the
meaning of applicable Canadian securities laws. All statements, other than
statements of historical fact, that address activities, events or developments
that Etrion believes, expects or anticipates will or may occur in the future
(including, without limitation, statements relating to the anticipated impact of
the Robin Hood tax) constitute forward-looking information. This forward-looking
information reflects the current expectations or beliefs of the Company based on
information currently available as well as certain assumptions including,
without limitation, assumptions with respect to the amount of corporate tax paid
by Etrion’s Italian operations. Reliance should not be placed on forward-looking
information. Forward-looking information is subject to a number of significant
risks and uncertainties and other factors that may cause the actual results of
the Company to differ materially from those discussed in the forward-looking
information, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual
results or events to differ materially from current expectations include, but
are not limited to, the risk that the corporate tax rate in Italy increases.

Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the forward
-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.