EAM - Mandatory notification of trade

Reference is made to the stock exchange notice dated 20 March 2013 regarding the completion of the Initial Public Offering of shares in EAM Solar ASA (“EAM Solar”) (the “Offering”).

Naben AS, a company controlled by Audun W. Iversen, CEO of EAM Solar Park Management AS, has been allocated 10,000 shares in the Offering at the Offer Price of NOK 100.00 per share. As a result of the abovementioned transaction, Naben AS holds 10,000 shares in EAM Solar, equivalent to 0.43 per cent of the outstanding share capital after completion of the Offering. As part of a pre-commitment agreement to subscribe for shares in the Offering, Naben AS has also been allocated 2,000 warrants to subscribe for shares in EAM Solar.

Alden AS, a company associated with Paal E. Johnsen, board member of EAM Solar, has been allocated 40,000 shares in the Offering at the Offer Price of NOK 100.00 per share. As a result of the abovementioned transaction, Alden AS holds 90,000 shares in EAM Solar, equivalent to 3.88 per cent of the outstanding share capital after completion of the Offering. As part of a pre-commitment agreement to subscribe for shares in the Offering, Alden AS has also been allocated 8,000 warrants to subscribe for shares in EAM Solar.