Development in Matter Between Intesa Sanpaolo and EAM Solar

Reference is made to the Company's communication on 20 October 2025 inrelationto the ongoing discussions between EAM Solar AS and Intesa Sanpaolo.

Due to the progress of the ongoing negotiations, the parties have agreed topetition the court of appeal for a postponement of the hearing on stay ofexecution, currently scheduled for 5 November 2025.

In addition, Intesa Sanpaolo has agreed not to enforce the Brescia Judgementagainst EAM until the earlier of either a signed settlement agreement or theconclusion of the hearing on stay of execution. It is not yet confirmed if andwhen the postponed hearing will take place. The Company will revert to thestockmarket once this is known.

Reference is also made to the ongoing NOK 20 million Rights Offering.

Due to the development mentioned above, the Company will publish asupplementaryprospectus ('tilleggsprospekt'). Such supplementary prospectus is expected tobepublished tomorrow.

The Company will revert with further information as soon as the SupplementalProspectus is published.

The company remains available for questions or clarifications. For furtherinformation, please contact:

Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.noViktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.

https://newsweb.oslobors.no/message/657691