EAM: 3rd quarter 2013 report

24th of October 2013

EAM Solar ASA has released the 3rd quarter 2013 financial report and the highlights are;

Sales for the first 9 months of 2013 came in at EUR 2,61 million from a power production of 6,1 GWh.

9 month EBITDA adjusted for non-recurring items and agio of EUR 1,69 million.

Reported net profit for the first 9 months 2013 of EUR 4,4 million, adjusted for non-recurring items, gains from bargain purchase and agio, net profit came in at EUR 575k.

The EUR 3,52 million acquisition of M&T Solare Srl conducted in September resulted in a gain on bargain purchase of EUR 2,4 million. The gain stems from the positive difference between the book value of the assets in the acquired company and the purchase price.

EAM Solar ASA conducted its first cash distribution to the shareholders in August of EUR 0,62 (NOK 5) per share.

In the 4th quarter EAM are in advanced stage of acquisition negotiations on several solar PV power plants.

See enclosed 3rd quarter financial report for further details.

For additional information, please contact:

Viktor E Jakobsen, Executive Director, phone +47 9161 1006, viktor@eamsolar.no

About EAM Solar:

EAM Solar ASA is a utility company that acquires and operates solar power plants. The Company currently owns four solar PV power plants in Italy. The plants are operating under long-term sales contracts. EAM Solar acquires power plants that are commissioned, connected to the grid and in power production at the time of financial close with the geographical focus on Europe.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.