19 June 2023 InFebruary 2024 , the arbitration court inMilan issued its ruling in the arbitration procedure initiated byAveleos SA againstEAM Solar ASA (see stock exchange notice dated29 February 2024 ). This ruling was supplemented by a clarification of interest calculation on15 May 2024 . EAM has been informed that the other party, Aveleos, has appealed the arbitration award to theCourt of Appeal inMilan . EAM will work with its legal advisors inItaly to respond to the appeal. The timeline for the appeal process is currently unknown. For further information, please contact: Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no AboutEAM Solar ASA :EAM Solar ASA is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants inItaly . The plants are operating under long-term sales contracts. In addition, the Company's business is lawsuits in relation acquisition of solar power plants. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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