EAM: Mandatory notification of trade

20 January 2014

Reference is made to the stock exchange notice dated 20 January 2013 regarding the completion of the private placement of 2,750,000 new shares in EAM Solar ASA ("EAM Solar") (the "Private Placement").

Alden AS, a company associated with Paal E. Johnsen, Chairman of the Board in EAM Solar, has been allocated 56,875 shares in the Private Placement at the offer price of NOK 80.00 per share. As a result of the abovementioned transaction, Alden AS holds 146,875 shares in EAM Solar, equivalent to 2.90% of the outstanding share capital after completion of the Offering. In addition, Alden AS holds 8,000 warrants to subscribe for shares in EAM Solar at an exercise price of NOK 100.

In addition, Hades Capital AS, a company controlled by Paal E. Johnsen, Chairman of the Board in EAM Solar, has been allocated 7,500 shares in the Private Placement at the offer price of NOK 80.00 per share. As a result of the abovementioned transaction, Hades Capital AS holds 7,500 shares in EAM Solar, equivalent to 0.15% of the outstanding share capital after completion of the Private Placement.

Naben AS, a company controlled by Audun W. Iversen, CEO of EAM Solar Park Management AS, has been allocated 6,250 shares in the Private Placement at the offer price of NOK 80.00 per share. As a result of the abovementioned transaction, Naben AS holds 16,250 shares in EAM Solar, equivalent to 0.32% of the outstanding share capital after completion of the Private Placement. In addition, Naben AS holds 2,000 warrants to subscribe for shares in EAM Solar at an exercise price of NOK 100.

AS Brdr Michaelsen, a company controlled by Christian Hagemann, Technical Manager in EAM Solar Park Management AS, has been allocated 3,125 shares in the Private Placement at the offer price of NOK 80.00 per share. As a result of the abovementioned transaction, AS Brdr Michaelsen holds 3,705 shares in EAM Solar, equivalent to 0.07% of the outstanding share capital after completion of the Private Placement.

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

For further information, please contact:
Viktor E Jakobsen, Executive Director, phone +47 9161 1009, viktor@eamsolar.no
Audun W Iversen, CEO, phone +47 9161 6250, audun@eamsolar.no

About EAM Solar:
EAM Solar ASA is a power company that acquires and operates solar power plants. The Company currently owns four solar power plants in Italy that operate under long-term electricity sales contracts. EAM Solar acquires solar power plants that are commissioned, connected to the grid and in power production at the time of financial close. The current portfolio has a combined capacity of 6.6 MW and an annual production capacity of approximately 9 GWh. On 31 December 2013, EAM Solar signed a sale and purchase agreement ("SPA") to acquire a portfolio of 31 solar power plants in Southern Italy with a combined capacity of 30 MW and an average annual electricity production capacity of approximately 44 GWh for a total consideration of EUR 114.3 million.

For more information, please visit www.eamsolar.no