Addendum - notice of EGM 7 March 2013, PDF-file

EAM Solar ASA

Addendum to notice of an extraordinary general meeting

The board of directors of EAM Solar ASA (the “Company”) has resolved to propose that the following additional matter be placed on the agenda of the extraordinary general meeting to be held at 15:00 CET on 7th of March 2013 at the Company’s offices at Dronningen 1, Oslo.

3b. Proposal for an authority to increase the Company’s share capital in connection with greenshoe option

The board of directors believes that it is important for the success of the proposed initial public offering that the Company has the ability to over-allot shares in the offering, so as to give the managers the ability to undertake stabilisation activities for a period of 30 days after the offering. This will require the Company to grant the managers an option to subscribe for a number of new shares equal to up to the number of shares, if any, which are over-allotted in the offering.Since the board of directors currently does not hold any authority to increase the Company’s share capital it is proposed that an authority is granted for this purpose. The proposed authority may not be used for any other purpose. Any overallotment will be limited to a maximum of 15% of the primary shares issued in the offering.

The board of directors proposes that the general meeting pass the following resolution:

(i) The board of directors is authorized pursuant to the Public Limited Companies Act § 10-14 (1) to increase the Company’s share capital by up to NOK 3,750,000.

(ii) The authority may only be used for the purpose of issuing new shares upon an exercise of the greenshoe option to be granted to the managers of the Company’s initial public offering.

(iii) The authority shall be valid until 31 May 2013.

(iv) The pre-emptive rights of the shareholders under § 10-4 of the Public Limited Companies Act may be set aside.

EAM Solar ASA

27th February 2013

Viktor E. Jakobsen

Chairman of the board of director