EAM Solar ASA : Q3 2015 financial report

30(th) of November 2015



Highlights in the third quarter 2015


·  The reported Q3 power production was 11.7 GWh, 4.0% below the seasonal
average for the period, accumulated for the year the production was 31.0 GWh,
0.5% below the average for the period.



·  Reported EBITDA in the quarter was EUR 1.1m, adjusted for acquisition and
transaction costs, EBITDA was EUR 2.9m.



·  The Company has received terminations from GSE of the FIT contract of all 17
power plants affected by the suspension measures. The termination letters were
received in October and November.



·   The Company has received to its SPV ESSP a formal notice of breach of the
loan agreement following the termination of the FIT contracts by GSE.



·     The general meeting held 25 November 2015 authorized the board of
directors to carry out a split of the Company as described in the notice to the
general meeting.



·    In July the company received payments for RID revenue for the period June
to September last year.

·     The Company received 31 July 2015 the final tranche of the loan from
Credit Agricole to ENS1 of EUR 676,000.







For information, please contact:



Audun W. Iversen, CEO, phone +47 916 16 250, audun@eam.no



Viktor E Jakobsen, Executive Director, phone +47 9161 1009, viktor@eam.no



About EAM Solar: EAM Solar 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.


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


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