Cleantech Invest: Savo-Solar launches Initial Public Offering and will apply for listing on First North Sweden

Cleantech Invest Plc
Company Announcement     19 February 2015 at 8.30 am (EET)

SAVO-SOLAR LAUNCHES FULLY UNDERWRITTEN INITIAL PUBLIC OFFERING AND WILL APPLY
FOR LISTING ON NASDAQ FIRST NORTH SWEDEN

Cleantech Invest's portfolio company Savo-Solar Oy has today published a
prospectus for its initial public offering. Savo-Solar will apply for listing of
its shares on Nasdaq OMX First North Sweden with the expected first day of
trading being 2 April 2015.

The initial public offering will be launched as a directed share issue. With the
offering, Savo-Solar is seeking to raise approximately EUR 4.1 million. Savo-
Solar has received subscription undertakings from current shareholders amounting
to approximately EUR 1.6 million and underwriting commitments from external
investors amounting to approximately EUR 2.6 million, making the offering fully
underwritten.

Cleantech Invest Plc is participating in the Initial Public Offering and is
assigning the rest of its pre-emptive subscription rights to its shareholders,
who have the right to subscribe offer shares in proportion to their holdings.
Details of the share issue are available in the enclosed release of Savo-Solar.
The shareholders of Cleantech Invest are further receiving more information
separately.

Alexander Lidgren, Managing Director of Cleantech Invest Plc.: "We are very
pleased to see the positive development of Savo-Solar and the intention to list
the company on First North Sweden. This is the first of our associate companies
we are helping to list and our intention is to bring more of them to the general
public through listings."

"We are also happy to announce that we have assigned our pre-emptive
subscription rights to our shareholders, giving them the opportunity to get
their whole pro-rata share in the issue regardless of oversubscription."

"Savo-Solar is growing fast now. The turnover doubled during 2014, the sales
pipeline is looking strong and with the IPO funding we believe Savo-Solar can
scale its operations to become the global leader in its market."

Jari Varjotie, Managing Director of Savo-Solar Oy: "By listing Savo-Solar we
offer everyone the possibility to participate in the solar economy and help to
solve the challenges of continuously rising and unpredictable energy costs,
combined with the political dependency and CO(2) emissions of fossil fuels. With
our solar thermal systems you get emission free energy at practically no
additional cost to the investment costs for the following 25 years. We have
developed innovative products, which have been proven to be the most efficient
in the market and which customers want for the commercial benefits they offer."

"Although Savo-Solar is very well known and respected in its field and many
magazines and industrial specialists have named Savo-Solar the most innovative
company in the industry, the listing gives us even more publicity and brand
value. The funding we are seeking gives us the possibility to grow to be one of
the major players in the world within a few years."

"As a Nordic high technology company and Sweden as the financial hub for the
area, the First North Sweden was a natural choice for us. We now offer investors
the opportunity to join us in our journey for success and enjoy both the ride
and the results of that journey. We are proud to invite investors to subscribe
for shares in Savo-Solar. "

CLEANTECH INVEST PLC


For more information:

Cleantech Invest Plc.
Managing Director Alexander Lidgren
tel. +46 73 660 1007
alexander.lidgren@cleantechinvest.com

Certified Advisor Access Partners Oy, tel. +358 9 682 9500

Savo-Solar Oy
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail jari.varjotie@savosolar.fi

Certified Advisor: Mangold Fondkommission AB, tel: +46 8 5030 1550


Enclosure
Release of Savo-Solar on 19 February 2015

Cleantech Invest in brief
Cleantech Invest focuses on clean energy and efficient use of natural resources.
The company owns minorities in a diversified portfolio of companies and is
actively looking for new capital light and high impact businesses within the
cleantech universe. Cleantech Invest invests in the most promising early-stage
and growth cleantech companies in Finland, Sweden and in the Baltic Sea area.
The company management team members are international pioneers in cleantech
investing. Cleantech Invest is also a designated Accelerator in the Vigo Program
initiated by the Ministry of Employment and the Economy. www.cleantechinvest.com

Savo-Solar in brief
Savo-Solar provides solar thermal systems based on the world's most efficient
collectors in which there are 2 m(2) MPE-absorbers (several patents pending) for
heating of buildings, industrial processes and domestic hot water. The absorbers
are coated with a highly selective optical nano-coating. Savo-Solar is,
according to the available information, the only company able to coat ready-
made, complete absorbers. Focus is on large scale industrial applications such
as district heating, industrial process heating and energy renovations of large
buildings. Since 2011 the company has sold and delivered its products in over
17 countries on four continents. www.savosolar.fi



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