EAM Solar ASA : Sale of EAM Solar Italy 3 Srl

21(st) of June 2016



EAM Solar ASA has sold the company EAM Solar Italy 3 Srl. The company owns two
PV power plants (Momo & Caltignaga) with a combined capacity of approximately
2MW, located in Piemonte.


The sale was conducted against a cash consideration received by EAM on 21(st)
June 2016 of EUR 3,55 million based on the financial takeover date being the
1(st) of June 2016. The share purchase agreement contains normal terms and
conditions for similar transactions.


EAM invested approximately EUR 3,8 million in September 2013. In the period from
September 2013 to May 2016, including the sale proceeds, the EAM group has
received approximately EUR 4,9 million in cash from this investment.


The sale will be booked in the accounts for the 2(nd) quarter and will result in
an accounting loss due to difference between the book value of the company and
the sales price. This should be seen in relation to the gain on bargain purchase
received at the acquisition in the 3(rd) quarter 2013 of approximately EUR 2,4
million.


EAM is involved in several legal proceedings following the P31 fraud, and will
revert to the market with a company update on activities shortly. The sale
secures funding for extraordinary legal costs and general corporate purposes.




For information, please contact:




Viktor E Jakobsen, CEO, 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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